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The Good Intent is situated in Fareham on Trinity Street just off the Old High Street. The pub is located opposite the old Magistrates court that has recently been closed and we believe will be developed into residential housing. This development may also incorporate the large carpark adjacent to the magistrates building but we are still awaiting confirmation regarding the scope of the development. The pub is surrounded by residential housing with the old high street within proximity so it is a high footfall area.
The pub has one central bar servery with open planned trading space either side. The toilets are to the right-hand side of the bar. The pub even though open planned is split naturally into three trading spaces. One area for the pool table and darts board, main bar area with seating and then a snug area that houses the entertainment and or poker nights. There is a large unused garage to the back of the property and a hard-landscaped area to the back and side of the pub. The current tenants use part of this area for parking and the remainder as an outside trading area with tables and an awning to accommodate smokers. Behind the bar is a trade kitchen that is not in use as the pub is not serving any food. The capacity and potential development of this under-utilised space could make this a massive selling point versus the other public houses in Fareham and the catchment of the Good Intent.
Historically the pub has been a sport and entertainment venue with Sky & BT sports and entertainment in the form of Karaoke, DJ and bands over the weekends. With the location of the site and the development of more residential units in the immediate vicinity we believe that the future of this site leads itself to the introduction of a food offering, development of the cask ales and drinks range including a gin menu and hot drink facilities. Entertainment will still form part of the business but not be as prevalent. It will need to be supported by the introduction of pub team sports during the weekday, food and drinks promotions to support the change in direction and a solid Rhythm of the week.
The private accommodation consists of four large bedrooms, bathroom, lounge and kitchen.
Annual Rent: £16,500
Security Deposit: £5,000
Working Capital: £1,500
Fixtures and Fittings: Upon Valuation – Funding options available for the right licensee.
Tie: All drinks categories are tied. For fully funded licensees on long term agreements, we offer free-of-tie options for certain drinks categories in exchange for an annual fee.
Training: £250 plus VAT
For a breakdown on financial information, please refer to the ‘Additional Info’ tab.
I am looking for an individual or couple to reposition this great site within Fareham. Whilst looking at the garden and kitchen we will look to do a complete upgrade of the property both internally and externally. You will need to have vision and drive to unlock this sites potential, you will be fully support throughout your journey by myself and Admiral Taverns.
Annual Rent – This is our lowest rent figure associated with a Full Tie. If the tie is reduced the effective rent (via Tie Release Fees) will increase. Rent is billed and paid for weekly in advance depending on the payment terms agreed)
Security Deposit – This sum of money will be held on your account and will be returned to you on exiting of the pub based on your final account balance and the condition of the property
Working Capital – This is a recommend amount required which will be used in the day-to-day running of the business
Stock – This will be valued by an independent valuer on the day you take over the pub. This includes unbranded glassware, unopened bottles, wines, spirits, any unopened / opened kegs and cask ale providing the container is unopened
Fixtures & Fittings – This includes any item that is bolted to the floor or walls, and a fitting to be any item that is free standing or hung by a nail or hook. This will also include furniture
Training – This is required when taking on a Business Support Agreement. Included is an e-learning package for you and your staff and attendance to our ‘Set Up To Succeed’ workshop held at our Head Office in Chester. Please note, you will be required to attend this workshop before signing a long term tenancy agreement.