Angel Inn, Southampton

The Angel enjoys a prominent position opposite the large and well used Palmerston Park on Palmerston Road, known locally as central park due to it’s proximity to the Town Centre. It is also a stones throw to Hoglands Park which is an central city event location and is regularly used for outdoor events such as Pride in the Park, Sport Relief, the annual Art Asia Mela Festival and lots of other sporting and family occasions. Located only 200 metres from Southampton Solent University main campus and the halls of residence, the Angel is fortunate to be one of the main hubs for students and is a prominent fixture on the local music scene. Also being on the main thoroughfare from Southampton Train Station to St Marys Stadium, the Angel affords a fantastic stop off point, just metres from the Saints home ground, offering supporters the chance to enjoy a drink before and after all home games as well as being the ideal spot for fans to meet up, to support the Saints on away days. Backing onto a large residential estate, the Angel is also largely unrivalled, with few similar venues in the vicinity.

Pub Layout

Entering the pub from the main road, you will find a a large, open plan trade space which houses a long central bar servery to the right, giving ample all round vision and ease of service to all areas of the pub. The open plan layout offers a mixed variety of fixed and loose seating along with another area currently left available for those preferring to stand. Down a few steps towards the rear of the pub, you will find the pool table and darts board, both sets of toilets and access to the outside space at the rear of the property. This is a fully enclosed licensed courtyard area which has heating and lighting and also has the benefit of an external projection screen. There is a compact kitchen at the Angel which affords a good opportunity to offer a simple and effective food menu. There is also an abundance of parking facilities nearby, including on road parking to the rear.

The Angel is a fantastic example of a wet led Community pub, with a focus on live music and football. Previously, the site has seen lots of community based activities such as quiz nights, open mic nights and local charity events and has also got a good working relationship with Southampton FC being known as the go to venue for home fans on match days. The local University also has a constant supply of students who frequent the venue and enjoy the regular drinks offers available, providing a steady income and a reliable trade.

Private Accommodation

Private accommodation consists of 3 bedrooms, kitchen, bathroom, lounge and office with all rooms being presented in good order. The domestic accommodation can also be independently accessed at the rear of the property.

Annual Rent: £18,300 Start up rent of £100 p/w net available for first 8 weeks

Security Deposit: £2,000 based on ‘cash with order’ trading terms only. All other trading terms will require £5,000 deposit.

Working Capital: £2,500

Stock: £2,500

Fixtures and Fittings: To be confirmed upon valuation –  funding options may be available for the right licensee.

Tie: All drinks categories are tied.  For fully funded licensees on long term agreements, we offer free-of-tie options for certain drinks categories in exchange for an annual fee.

Training: £325 plus VAT

For a breakdown on financial information, please refer to the ‘Additional Info’ tab.

Admiral are seeking to secure a dynamic and experienced retailer, who is capable of developing and maximising both the wet and dry income streams. They must be multi-skilled and possess the ability to maximise the trading opportunities that this site presents. There is huge scope to further develop the income at this well known city pub, by driving the business forward and really putting the Angel back on the map as the place to be in the city centre. A pro-active social media presence and an active rhythm of the week will ensure that this pub really thrives and becomes the hub of the area once again. The ability to produce a small food offering at the site would go down well with the customers as well as provide an alternative income stream and ideally the new tenant will have the experience and knowledge to have an effective and adaptable drinks menu to suit the diverse needs of the pub.

Annual Rent – This is our lowest rent figure associated with a Full Tie.  If the tie is reduced the effective rent (via Tie Release Fees) will increase.  Rent is billed and paid for weekly in advance depending on the payment terms agreed). On occasion, our Business Development Manager will discuss a start up rent which is discretionary to an individual pub and can be discussed.

Security Deposit – This sum of money will be held on your account and will be returned to you on exiting of the pub based on your final account balance and the condition of the property.  Our standard deposit is 25% of the headline rent.  On occasion, we can negotiate a lower security deposit with the aim to build up to our full deposit on a long term agreement.

Working Capital – This is a recommend amount required which will be used in the day-to-day running of the business.

Stock – This will be valued by an independent valuer on the day you take over the pub. This includes unbranded glassware, unopened bottles, wines, spirits, any unopened / opened kegs and cask ale providing the container is unopened.

Fixtures & Fittings – This includes any item that is bolted to the floor or walls, and a fitting to be any item that is free standing or hung by a nail or hook. This will also include furniture.

Tie: All drinks categories are tied.  For fully funded licensees on long term agreements, we offer free-of-tie options for certain drinks categories in exchange for an annual fee.

Training – £350.00 – Before signing a long term agreement, you will be required to attend our 7 Steps to Sales Success training programme.  Held online over two days, you will learn marketing and business strategies that will help you to grow sales in your pub – step-by-step.

Service Charge Cost – £60.89 per week – The Admiral Taverns Premium Maintenance Package will help take care of your compliance and statutory obligations with one simple fee, whilst giving you piece of mind about your boiler and cellar cooling repair and replacement.  This also includes full access to e-learning for you and your staff.

*Zero Business Rates – Based on the April 2023 rating list, the Nil Rates Payable is based on small business rates relief being applied and the licensee only occupying one property for commercial purposes.  Please note, this only applies to pubs marked with an Asterix *