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COMMUNITY SITE

The Lamb

Abbey Street, Farham, Surrey, GU9 7RJ

Ingoing Cost: £18,000
Annual Rent: £19,500

Features
Trading style
Key financials

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Beer Garden

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External Drinking Area

Property details

The Lamb Inn is a long-standing, traditional-style community pub that is located on a peaceful, residential street in the market town of Farnham, Surrey. Close to the Hampshire border and set within the borough of Waverley, Farnham town sits along the north branch of the River Wey at the western end of the North Downs. Dating back to the Middle Ages, the bustling market town is well known for its Georgian streets, historic buildings, craft heritage, and its award-winning and certified monthly farmers’ market.

Internally at the Lamb, you will find an L-shaped trade area for approximately 30 covers with a feature bar servery and a small trade kitchen, which is not currently utilised.

Externally, to the rear of the property is a small courtyard-style patio garden, which is popular during the fairer weather.

The private accommodation is laid out across two floors and houses two double bedrooms, a lounge, an office and a bathroom.

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Catering Kitchen

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Team Games

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Pool Area

Trading style

The Lamb Inn is positioned just half a mile from the town centre, midway between the train station and the Maltings. For the last ten years, the Lamb has been run on a wet-only basis by a hands-on operator, providing its customers with a warm and friendly welcome and an abundance of community spirit. Pub sports have always been high on the Lambs' agenda, with a range of live sports available on the TV screens and a busy pool table that is well utilised by the locals.

The Lamb is on the market for the first time in over ten years, and it is looking for a hands-on operator who will immerse themselves in community life in the area.

Key financials

Reference Number: Z55YD7 / SN-GU9
Agreement Type: Tenancy

Min Ingoing Cost: £18,000.00
Annual Rent: £19,500.00

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.

Estimated capital requirements:

Trading deposit £5,000
Contract deposit (Refundable on day of change) £500
Maintenance scheme (Plus monthly payments of £50) £1,000
Inventory (Estimated post-refurbishment subject to an independent valuation by a trade broker and stock taker) £6,000
Stock, glass & crockery (Estimated subject to an independent valuation by a trade broker and stock taker) £500
Training deposit (£500 Refundable on completion of training) £1,000
Utility package deposit (Approx. cost, applicable subject to agreement type) £TBC
Technology pack deposit (Approx. cost, applicable subject to agreement type) £TBC

Working capital £4,000
Total estimated ingoing charges £18,000
Minimal capital considered £18,000

A lower minimum amount of capital may be considered, provided that there is a strong business and financial reason to support this during the application process.

Fixed Rental Structure:

Year 1 £19,500
Year 2 £20,072
Year 3 £20,696
Year 4 £21,372
Year 5 £22,100

This pub is being offered on a Standard Tenancy Agreement with a fixed 5-year rental structure. This agreement is covered by the ‘Landlord & Tenant Act’ 1954 Part II. This is a fully tied agreement across all beers, cider, wine, PPS, spirits, and minerals.

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MISREPRESENTATION ACT 1967

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