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External Drinking Area
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Waterside
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Coastal
Property details
The Portsmouth Hoy is situated in the centre of historic Poole Quay, a vibrant all-year-round community that attracts huge numbers of tourists and day visitors throughout Spring, Summer, and Autumn.
The Quay is bustling with bars, restaurants, and visitors soaking up the atmosphere, with an everchanging background of yachts, ships, and fishing boats. It is the Headquarters of Sunseeker Yachts and the RNLI and is the launch point of ferry trips to Brownsea Island and other local destinations. Poole Quay hosts numerous events throughout the year particularly during the Summer, including the infamous Harry Paye Pirate Day. Road access is straightforward and the mainline train station is only a short walk away.
On entering the pub there is an eclectic mix of comfortable seating and booths, wood cladding and floors, and fascinating bric-a-brac from model ships to diving bell helmets. The bar is situated in the centre of the pub and there is further seating to the rear, which is equally well presented. The well-equipped kitchen and cellar are located at the rear of the pub, with an accessible toilet on the ground floor. There are ladies and gents toilets on the first floor where several storage areas are also situated.
The externals and signage have been quite recently refreshed, and there are several tables outside with the opportunity to grow the external presence further.
The private accommodation is over two floors and consists of a large lounge with a fantastic view overlooking the Quay, along with three bedrooms, a bathroom/WC, a kitchenette, and an office. The flat provides a great living space in the heart of Poole.
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Catering Kitchen
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Live Entertainment
Trading style
The Portsmouth Hoy is a wonderfully presented traditional tavern brimming with character. Its fantastic location on Poole Quay allows year-round trade to be boosted by huge numbers of visitors.
Despite the strong local competition, this pub benefits from excellent all-year-round trade built on a very high-quality food and drink offer that is competitively priced. The Portsmouth Hoy enjoys a great reputation which attracts destination trade to the area, and the pub has benefited from the recent pedestrianisation of the Quay during the summer months when numerous events are held. The guest profile for the pub is diverse, with a mixture of both local regular guests and large numbers of tourists.
The Portsmouth Hoy would suit operational hospitality professionals who are passionate about running an iconic pub and serving high-quality fresh food, including fresh fish, as well as great ales and wines, in a traditional pub environment. The ability to flex the offer between regular guests and tourists is key to running this pub successfully, as well as maximising every cover both inside and out.
Key financials
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Reference Number:
MWMA7Q /
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Agreement Type:
Tenancy
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Min Ingoing Cost:
£30,000.00
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Annual Rent:
£45,000.00
The stated ingoing figures are correct at point of advertising. Please be aware there may be additional costs.
Please note that the energy performance certificate is available from the landlord.
Rent: 8.5% Turnover Rent, with a base rent of £45,000 per annum
Initial Investment: £30,000
Fair Maintainable Trade* (FMT) Turnover: £642,000 per annum
Deposit: £7,500
Training Fee: £1,200 incl. VAT
Digital Assets Fee: £200 incl. VAT
Working Capital: £5,000
Fixtures & Fittings: Estimated £30k (Inventory is an estimated net of VAT. Loan facilities are available to purchase fixtures and fittings).
Estimated Wet/Dry Split: 52%/48%
Business Rates: Rateable Value £24,500