SURREY - FREE-OF-TIE COMMUNITY PUB

The Royal Marine is situated in the affluent and sought after Surrey village of Lyne. The village falls in the borough of Runnymede, approximately 1.6 miles east of the major town of Chertsey. Although a predominantly residential village, the area does house a number of draws to the area including Fox Hill's Country Club and Resort, Runnymede Hospital, Thorpe Park Resort and Brooklands Museum.

The village is easily accessible, being a short distance from junction 11 of the M25, as well as the M3 and A3. Rail services are available from nearby Virginia Water with services to London Waterloo, Ascot and Reading, as well as from
Chertsey with services to London Waterloo and Weybridge. The Royal Marine is a traditional two-storey detached public house of brick construction under a pitched slate roof. It is conveniently positioned along the village’s main thoroughfare close to the village hall and a number of residential properties.

TRADE AREAS
- BAR: A single bar operation, traditionally presented with brick-built bar servery, carpeted flooring and brick fireplace. The bar is decorated with local memorabilia, bric-a-brac and dart board. The bar provides seating for 42.
- GENTLEMEN'S TOILETS.
- LADIES TOILETS.
- BOTTLE STORE.
- KITCHEN: Equipped with five ring electric hob, two oven and grill unit; FryMac fryer; commercial microwave; upright fridge; coffee machine; UPVC clad walling; and non-slip flooring.
- CELLAR: Housed at ground floor level in an outbuilding.

OWNERS ACCOMMODATION
Located at first floor level comprising:
- THREE DOUBLE BEDROOMS.
- LIVING ROOM.
- BATHROOM.

EXTERNAL
- PUB FRONTAGE: With three picnic benches.
- REAR TRADE GARDEN: With eight picnic benches.
- CAR PARK: With space for 25 vehicles.
- PRIVATE GARDEN / YARD.
- GARAGE.

The Royal Marine has operated under its current ownership for the past twenty-three years and has become a focal point in the local community. It operates as a traditional public house serving the needs of local residents. The business is operated on a hands-on basis, as a lifestyle business on limited trading hours to suit the seller. The Royal Marine has been included in the good beer guide since 2004 and even boasts its own label bitter.

Trade profits and loss accounts for the year ending May 2023 show a net turnover of £98,153, generating a healthy gross profit of 62%. Further accounting detail can be made available to serious parties following a formal viewing.

There is great scope for a new operator to increase the turnover generated at the Royal Marine by expanding on the food offering which is currently limited by choice to an ever changing small selection of home cooked meals. Furthermore a new operator could increase the opening hours in order to generate further income.

LEASEHOLD £60,000 to include goodwill and fixtures & fittings.

The Royal Marine is held on a full repairing and insuring lease agreement for a term of twenty years, extended by an additional five years, to expire April 2037, from Wellington Pub Company. The lease falls within the security provisions of Landlord & Tenant Act 1954. Rent is £28,122 (plus VAT and insurances) per annum, paid quarterly in advance. The rent is subject to five yearly rent reviews, and annual RPI adjustments (capped and collared at 2% and 4%). The lease is free of all trade ties.

No direct approach to be made to the business; please direct all communications through Sidney Phillips.

Viewing strictly by appointment only.

A full Premises Licence is held.

All mains services are connected.

Rateable Value is £3,600.

Local Authority: Runnymede Borough Council.