Kings Head, Lower Horsebridge, Hailsham, East Sussex, BN27 4DL

Property Details: • Type: Ask agent • Tenure: N/A • Floor Area: N/A

Key Features: • Five letting rooms • Potential for further eight letting rooms • C.200 cover function room • C.90 cover restaurant • Net turnover of £605,746 • 42 space customer car park. Energy rating: B • Christie & Co Ref: 8856083

Location: • Nearest Station: Polegate Station • Distance to Station: 4.1 miles

Agent Information: • Address: Whitefriars House, 6 Carmelite Street, London, EC4Y 0BS

Full Description: DescriptionA prominent detached property offering good food as well as bed & breakfast accommodation.The pub offers a warm atmosphere with a huge range of wholesome foods including a carvery. There is also a function room able to cater for largeparties.LocationThe Kings Head is located in Lower Horsebridge, East Sussex.Horsebridge is a village a mile north of Hailsham, the largest of the five towns in the Wealden district of East Sussex. The town is near the junction of two major roads - the A22 to Eastbourne and the A27 South Coast Trunk Road.The town has good public transport links, with bus services to Eastbourne, Bexhill and Uckfield.Internal DetailsThe ground floor is set out over three separate areas with two open fire places. To the left of the property is the main restaurant area with its own bar counter (c.90 covers), to the centre is the bar area (c.50 covers) and to the right is a large function room (c.200 covers).There is also a large commercial kitchen with three-phase electric power, a separate prep room, wash-up room, walk-in chiller, small ground floor cellar and two office spaces, one off the kitchen and the other to the rear in the reception area.Fixtures & FittingsAll trade fixtures and fittings will be included in the sale and our clients will provide a trade inventory.Letting AccommodationThere are currently five ensuite letting rooms above the pub consisting of two doubles, one twin, one single and one family room.There is an additional letting room that requires decoration. This room is currently used for storage.External DetailsCar park for 42 vehicles.Owner's AccommodationThere is an owners' flat above the pub with two double bedrooms, a kitchen, a bathroom and a large lounge/diner.The OpportunityThe business has been under the current ownership for the last 15 years and has built up a good reputation over that time, both amongst the local and wider community.There is scope to increase trade further with the introduction of the additional letting room, as well as looking at reinstating planning for the further seven letting rooms.StaffThe business is currently owner operated, with a mixture of full time and part time staff.Trading InformationAnnual net turnover for the year ending 31 January 2024 was £605,746 with a 48.3% gross profit.Full trading information will be made available, following a formal viewing.Business RatesCurrent rateable value (1 April 2023 to present) £33,000.This is the rateable value for the property. It is not what you pay in business rates or rent. Your local council uses the rateable value to calculate the business rates bill.RegulatoryPremises Licence.Energy Performance CertificatesEPC 1