The George, an award-winning pub situated in the Hampshire town of Alton, has been brought to the market through Christie & Co with an asking price of £50k for the leasehold and an annual rent of £36k.
Situated in a prominent position fronting Butts Road and within close proximity to the town’s High Street, the detached two storey pub comprises an open plan bar area for 50 covers, a snug area which seats 15, a fully equipped commercial kitchen and beer cellar.
Outside there are two trade gardens, one to the side, which accommodates 24 covers, and a rear garden for 60 covers, as well as on site parking for patrons.
Convenient for an operator or manager to live on site, there is substantial five bedroom owner’s accommodation on the first floor, with a sitting room, domestic kitchen and bathroom.
The predominantly foo- led pub, which has been awarded ‘East Hampshire CAMRA Pub of the Year’ on five occasions and more recently ‘CAMRA Community Pub of the Year 2019’, enjoys a good reputation and attracts trade from local residents and the surrounding villages.
With residential developments in the area expanding at a fast rate, this is likely to have a positive impact on increasing trade in the future.
The pub has also been a hub of activity for local residents due to the current owners’ involvement in various charities including the Red Box Project and being the home of Alton Aid, a charity supporting refugees in Syria.
Richard Wood, Senior Business Agent at Christie & Co’s Winchester office, who is handling the sale, commented, “The George represents an ideal opportunity for a first time entrant to the market due to its current rent, large owner’s accommodation and the opportunity to increase trade. Equally, the pub would suit a multiple operator looking to add a quality business to their portfolio.”
