Leisure and hospitality specialist Sidney Phillips have sold a well-known Southsea pub to local multiple operators.
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. 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.
The Sir Loin of Beef occupies a prominent two-storey public house situated on the junctions of Highland Road, Eastney Street and Kassassin Street. The Sir Loin of Beef has been long established in the area, forming part of a historic drinking circuit, a well-trodden route popular with Royal Marines and their families based at the nearby military base.
This prominent property boasts two bar areas with seating for up to 80 as well as a spacious three bedroom accommodation above.
The Sir Loin of Beef has been sold to an experienced local multiple operator, with the business joining a portfolio of successful establishments in the Portsmouth and Southsea area.
The freehold interest has been sold off an asking price of £525,000.
For further information about pubs for sale or how to sell your business, please contact Sidney Phillips on 01892 725900 or please take a look at our Buyer’s Guide.
(July 2022)