Portsmouth Pub for Sale with DCL’s Pubs Team
August 3, 2016
Leisure property advisers, Davis Coffer Lyons has been instructed to sell a popular leasehold public house in Portsmouth, Hampshire. The Fountain is a detached Victorian character pub located in North End, on the market for £39,950 leasehold.
Located in a mainly residential neighbourhood towards the northern end of Portsea Island, the Fountain was originally a Brickwoods Brewery pub. The sale includes recently refurbished trading areas, a rear patio housing the old fountain, function room and five-bedroom owners accommodation.
The property is held on an Enterprise Inns Tied Lease for a period of 10 years with approximately eight years remaining. The current annual rent we understand is £22,000.
Keith Goodwin, Associate Director, Davis Coffer Lyons, said: This represents an excellent opportunity to acquire a well-established and well-presented public house. Portsmouth has numerous tourist and local attractions including the Historic Naval Dockyard, the D-Day Landings museum, and Gunwharf Quays Outlet Shopping Centre. In addition, there is the Cross Channel Ferry Port and Portsmouth is the main home of the Royal Navy. Portsmouth is also the only city in Britain with a greater population density than London.