Regional focus on... Hampshire
Population (and density): 1,360,400 (960 people per square mile)
Largest towns and cities: Portsmouth, Southampton, Lymington, Ringwood, Waterlooville, Petersfield, Winchester, Alton, Andover, Aldershot, Farnborough, Basingstoke.
What the experts say: “Regional brewers have expanded aggressively over the past few years. More recently, this appetite has been curbed and replaced with a focus on limited acquisitions in prime locations. Fortunately, for Hampshire, the region contains many such hot spots that attract visitors from all over the UK. Demand is perhaps strongest among operators for coastal and rural locations, such as the New Forest, which attracts about 13.5m day visitors a year (2017), generating almost £400m of tourist expenditure (source: New Forest District Council).
“Multiple operators including The City Pub Company, Brewhouse & Kitchen, Faucet Inn and Camerons are known to have requirements for pubs in the major towns and cities of Hampshire, such as Bournemouth, Southampton, Winchester and Bournemouth, even if they are already represented there.
“Pubs in destination village locations throughout Hampshire are also sought after, provided they offer good trade potential and are underpinned by alternative use values. One example is the Temple Inn, Liss, which Savills sold in April on behalf of Fuller’s to Red Mist Leisure. Red Mist intends to refurbish the pub and secure planning for residential dwellings too.” - Adam Bullas, licensed leisure director at Savills
On the market elsewhere
The Round House, Nottingham, Nottinghamshire
Asking Price: £49,995
Tenure: Leasehold
Rent: £35,000
Landlord: Freeholder
Turnover: £381,591 (inc VAT)
Wet:dry split: 60:40
Agent: Guy Simmonds 01332 865112
This inn is located in the popular Castle Quarter of Nottingham and is surrounded by offices, residential buildings and several other restaurants and licensed properties.
This unique circular property occupies the ground and first floors of a landmark Grade II-listed building that originally formed the Jubilee wing of the General Hospital, which originally opened in 1902 to celebrate Queen Victoria’s Jubilee.
A welcoming staircase entrance provides direct access to the first-floor trading area, consisting of an open-plan trading area (circa 100-plus covers plus standing). The property also boasts a ground-floor beer cellar, a fully equipped commercial catering kitchen, a dumb waiter system and walk-in chiller.
To the rear of the property is a spacious alfresco area (for circa 80 covers).
The King Rufus, Eling Hill, Southampton, Hampshire
Asking Price: £595,000
Tenure: Freehold
Turnover: £130,000 (inc VAT)
Wet:dry split: 75:25
Agent: Davey Co 0333 200 8788
Having undergone a comprehensive refurbishment, this freehouse offers beautifully presented trading areas on the edge of the New Forest between Southampton and Lyndhurst.
The current occupants choose to operate four days per week only due to personal choice. The site has great potential for the provision of a food, café bar and bistro-style offer.
To find out more about pubs for sale, lease and tenancy visit our property site.
