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Hotel/guest house for sale

£25,000

Bar 34, Andover SP10

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Property description

Business
Hilton Smythe welcomes to the market this well-established bar and accommodation, which has been run by the current owner for the last 15 years and is very well known in the area. She is now looking towards a well-earned retirement.

The business offers a good-sized bar area with separate pool room which can accommodate up to 60 and then 9 letting bedrooms on the first floor.

The accommodation turns over in the region of £50,000 per annum and the bar, which was only re-opened in August 2017 turns over around £1,500 to £2,000 per week with set sales only.

The business is currently run as a lifestyle business and offers tremendous potential, with more advertising, including a website and social media, together with offering food in the bar and perhaps breakfast to the guests, things could easily be taken to the next level.

There is an extensive inventory of fixtures and fittings included within the sale and an internal inspection is highly recommended to appreciate what’s on offer.

Location
Cabin Bar 34 is situated in the popular town of Andover, which is a town in the English county of Hampshire.

The town is on the River Anton, 18 miles west of the town of Basingstoke, 15 miles north-west of the city of Winchester, 25 miles north of the city of Southampton and 65 miles south west of London.

In the 2011 census the population was 62,760.

Easy access is gained to all surrounding areas via the A34, A303, A338 and the M3 motorway.

Premises
An easily managed and well-maintained detached property consisting of:

Ground Floor:

•Bar/lounge
•Pool room
•Commercial kitchen
•Male and female toilets

First Floor:

•9 Letting bedrooms
•3 Singles bedrooms with en-suite shower room
•1 Basic twin bedroom
•2 Twin bedrooms with en-suite shower room
•3 Basic single bedrooms
•Separate shower room and laundry room.

The property offers gas central heating, UPVC double glazing to the first floor and a side enclosed carport/outside smoking area.

There is a range of fixtures and fittings to include:

•Bar with pumps and optics
•Tables and chairs
•2 Dart boards
•Double and single drinks fridges
•Further fridge, freezer, cooker, griddle, deep fat fryer, dishwasher, washing machine, tumble dryer.
•9 Beds with furnishings

An internal inspection is very highly recommended to appreciate the quiet position, space and real potential on offer for the discerning purchaser.

Tenure
We are advised that the business is being sold as a leasehold opportunity. The rent for the first year is £17,000 pa rising to £18,000 pa for the 2nd year. A new lease is to be negotiated.

Hours
Monday 4.00p.M. To 11.00 p.M.
Tuesday 4:00 p.M. To 11.00 p.M.
Wednesday 4:00 p.M. To 11.00 p.M.
Thursday 12:00 p.M. To 12.00 p.M.
Friday 12.00 p.M. To 12.00 p.M.
Saturday 12.00 p.M. To 12:00 p.M.
Sunday 12.00 p.M. To 6.00 p.M.

Staff
The business is run by the current owner and 6-part time members of staff.

Financial Profile
The accounting information for the year ended 31st January 2014 shows a turnover of £43,917 and a gross profit of £43,904 for the accommodation.

For the 2016/2017 year we understand that the turnover for the accommodation was in the region of £52,000.

The bar has only been reopened by the current owner since August 2017 and already has a turnover of £48,000 for the 8 months to March 2018, with a turnover as high as £2,000 some weeks.

According to the voa website the current rateable value is £15,750.

What Zoopla users think of Andover

Overall rating:

  • currently 3.5 stars
Good - 69% (132 ratings)

Ratings breakdown:

  • currently 4 stars
Community & safety
  • currently 2.5 stars
Entertainment & nightlife
  • currently 3.5 stars
Parks & recreation
  • currently 3 stars
Restaurants & shopping
  • currently 4 stars
Schools & public services
  • currently 4 stars
Transport & travel

Rate Andover:

Tell us what you think of this area by rating these categories.
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Community & safety
  • currently 0 stars
  • 4
  • 1
  • 0
  • 3
  • 2
  • 5
Entertainment & nightlife
  • currently 0 stars
  • 4
  • 1
  • 0
  • 3
  • 2
  • 5
Parks & recreation
  • currently 0 stars
  • 4
  • 1
  • 0
  • 3
  • 2
  • 5
Restaurants & shopping
  • currently 0 stars
  • 4
  • 1
  • 0
  • 3
  • 2
  • 5
Schools & public services
  • currently 0 stars
  • 4
  • 1
  • 0
  • 3
  • 2
  • 5
Transport & travel
  • currently 0 stars
  • 4
  • 1
  • 0
  • 3
  • 2
  • 5

Nearby transport

  • Andover (0.6 miles)
  • Grateley (6.5 miles)
  • Whitchurch (Hampshire) (6.6 miles)
  • Southampton Airport (18.5 miles)
  • Bournemouth Airport (33.4 miles)
  • London Heathrow Airport (47.9 miles)
  • Southampton Vehicle Ferry Terminal (21.7 miles)
  • Southampton Passenger Ferry Terminal (21.8 miles)
  • Hythe (Hants) Ferry Terminal (23.5 miles)

Nearby schools

View all schools in Test Valley
  • Andover Church of England Primary School (0.3 miles)
  • Wolverdene Special School (0.3 miles)
  • Anton Junior School (0.4 miles)
  • Winchester College (12.6 miles)
  • Salisbury Sixth Form College (16.4 miles)
  • Queen Mary's College (17.4 miles)
  • Rookwood School (0.5 miles)
  • The Mark Way School (0.7 miles)
  • Winton Community Academy (0.8 miles)
Note: Distances are straight line measurements

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For more information about this property, please contact
Hilton Smythe Commercial, BL1 on +44 1204 351867 * (local rate)

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Disclaimer

Property descriptions and related information displayed on this page, with the exclusion of Running Costs data, are marketing materials provided by Hilton Smythe Commercial, and do not constitute property particulars. Please contact Hilton Smythe Commercial for full details and further information. The Running Costs data displayed on this page are provided by Zoopla to give an indication of potential running costs based on various data sources. Zoopla does not warrant or accept any responsibility for the accuracy or completeness of the property descriptions, related information or Running Costs data provided here.

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