The Three Crowns, West Sussex, RH14 0DX

Property Details: - Type: Property - Bedrooms: 2 - Bathrooms: 0

Agent: BidX1 - Nationwide Auctions Phone: 020 8033 0374

<p>The premises comprise a substantial corner plot offering bar, restaurant and two funtion rooms (approximately 100 covers) plus a self contained two bed flat and two staff letting rooms (one en-suite) and seperate staff bathroom. The sun terrace is partially covered and seats approximately 70 covers and a large lawned garden providing a further 100-120 covers with an outside bar, pizza oven and herb garden, storage sheds and bin stores.</p><br/><b>Location</b>: <br/> <p>The Three Crowns occupies a highly prominent roadside position on the A272, within the beautiful village of Wisborough Green, between Petworth and Billingshurst in West Sussex. The village lies 17 miles south of Guildford and 20 miles north of Chichester. The pub is located on the edge of the South Downs National Park, within the Wisborough Green Conservation area. It overlooks the village green and is adjacent to the village church.</p><br/><b>Tenancy</b>: <br/> <p>Held on a 15 year lease from 24th June 2025 to SPV company, The Three Crowns (Sussex) Ltd, with five yearly upward only rent reviews at a rent of £75,000 per annum. </p><p><strong>Personal guarantors: </strong>The two directors of the SPV personally guarantee the lease for three years from commencement of the lease.</p><p>The lease guarantors<strong> </strong>are both experienced publicans, with one guarantor having<strong> </strong>15 years prior experience having been the Operation and Acquisitions director of Sussex inns with 16 venues. He also has three venues of his own, owns two properties (one unmortgaged) and a buy to let business. The second guarantoor, is also an experienced landlady, with 17 years experience in the trade, with three other venues of her own and is also a homeowner.</p>