The London & South East office of specialist leisure and hospitality agent Sidney Phillips, is offering for sale or let a sizeable pub in Hampshire, ideal for owner operation or as a rental producing investment.
The Sir Loin of Beef is located in the Victorian seaside resort of Southsea, a suburban area of Portsmouth at the southern end of Portsea Island in Hampshire. The area lies approximately 2 miles south-east of Portsmouth city centre, and boasts a number of attractions including a lengthy beach, South Parade Pier, park with canoeing lake and the King’s Theatre. Also a short distance away is the Langstone Sports Site (University of Portsmouth), Southsea Marina and the ferry to Hayling Island.
The Sir Loin of Beef occupies a prominent two-storey public house situated on the junctions of Highland Road, Eastney Street and Kassassin Street, being a well known and welcoming community local pub which focuses on a wide range of quality cask ales.
This prominent property benefits from two bar areas, a large basement cellar and a spacious three bedroom owners accommodation.
Robert Cockayne, of Sidney Phillips, who is handling the sale, commented: “The Sir Loin of beef is a well-known business locally, and has seen very strong trade levels based on wet sales only coming out of the pandemic. It offers a great opportunity for a hands-on operator to introduce a food offering, or alternatively it would suit an investor who could create multiple rental incomes by splitting the residential and commercial elements.”
The freehold interest of the Sir Loin of Beef is available off an asking price of £525,000.
Alternatively, a new free-of-tie lease agreement is available on competitive terms, off an asking price of £40,000 and an annual rent of £45,000.
For further information about this pub for sale, other pubs for sale or how to buy a business please call Sidney Phillips on 01892 725900.
(November 2021)