Milton Arms Portsmouth

Situated on an excellent dual-aspect location in the heart of the popular community of Milton, this pub offers tremendous potential for an experienced retailer.

Situated on an excellent dual-aspect location in the heart of the popular community of Milton, this pub offers tremendous potential for an experienced retailer. The main bar is complimented by a separate flexible function room, serviced by a second bar which is ideally suited as a regular entertainment and live music venue as well as offering excellent, private hire opportunities. Key Features • To the front of the property is the main community bar, where the servery runs the length of the trade area. Within this room, flexible seating for 40 covers is available from a mixture of loose tables and chairs which can be arranged to suit the day-to-day needs of the business. This traditional space offers a sports element in the form of pool, darts and TVs for viewing those important sporting events. The bar is popular with the locals and fills up on match days with fans of Portsmouth Football Club, as Fratton Road stadium is nearby. A separate function room is available to the rear of the building, more commonly known as ‘The Barn’. This extensive space benefits from its own separate entrance and is serviced by a second bar servery. This room can hold up to 100 guests standing and there is a small raised area for bands and a DJ stand. A trade kitchen with basic preparation equipment provides the scope and development for a varied food offer to be implemented alongside the current wet sales. • To the rear of the property is a small, fully enclosed courtyard with picnic style benches. This lovely space can be accessed via separate exits from both the main bar and the function room. There is no private car park at the pub, however, there is ample street parking available nearby. Business & Financial Information • Estimated ingoings (upfront): £6,795 • Full deposit: £6,000 • Agreement fee: £795 • Guide rent (weekly): £462 • Guide rent (annual): £24,000 • Forecast turnover (weekly): £432,402 • Forecast turnover (annual): £432,402 Ideal Operator We are looking for someone who is looking to elevate this traditional community pub and immerse themselves into the local community. The site has some great characteristics to enable an energetic and enthusiastic Publican to really create the ideal site for the community in Milton to enjoy.  Private Accommodation Three bedroom flat above main bar, including kitchen, bathroom and toilet. Also separate area above the outbuilding is currently used for storage.  Regional Manager's Thoughts This is a fantastic opportunity for an experienced operator to build on the current success of the Milton Arms. This fantastic business benefits from a supportive local base, as well as those who frequent for the entertainment and sporting schedules. Therefore we are looking for an enthusiastic operator, who will continue to offer excellent events. There is huge potential for the new publican to continue to develop the game elements, a varied entertainment schedule and also continue to offer an appropriate food menu that will complement the drinks offered. Surrounding Area Milton is a primarily residential area of the city of Portsmouth, located on the southeastern side of Portsea Island and bordered on the east by Langstone Harbour. Milton boasts two large parks; Milton Park and Bransbury Park which offer squash and netball courts as well as several football pitches, offering plenty of opportunity for community initiatives. The pub is surrounded by a number of shops and benefits from being less than one mile away from Fratton Road, home to Portsmouth Football Club.