Prince of Wales, Havant

The Prince of Wales pub is a traditional, community-centered establishment on West Street in Havant, ideally positioned near the town centre and the Meridian Shopping complex. Its proximity to the railway station and A27, along with local bus routes, makes it easily accessible. The pub is located in a bustling residential area, attracting a steady flow of foot traffic from nearby neighbourhoods. With Havant’s diverse population, including young families and retirees, The Prince of Wales offers a welcoming and inclusive atmosphere, ideal for both regular custom and new visitors. Its focus as a “wet-led” pub emphasizes beverages as the primary draw, often accompanied by traditional pub experiences and community events, making it a favourite for social gatherings among locals. The mix of patrons creates a lively and warm setting, with something for everyone, from casual socializing to regular community meetups.

Pub Layout

The Prince of Wales pub offers a well-designed trading area centered around a prominent bar servery that encourages a social, open-plan atmosphere. This layout is ideal for both standing and seated guests, enhancing the pub’s welcoming feel. The catering kitchen at the rear supports a classic pub menu, with a particular emphasis on their popular Sunday Roast. A passageway behind the bar connects to the toilets and leads to a recently upgraded rear beer garden. This enclosed, heated garden space is a standout feature, providing a cosy outdoor area for customers year-round. Equipped with a large external TV screen, the beer garden is also a popular spot for watching live sports, adding to its appeal. While the pub doesn’t have its own parking, convenient street parking is available nearby.

The Prince of Wales is a vibrant, community-driven pub, celebrated for its warm, welcoming atmosphere and commitment to fostering social connections. As a wet-led establishment, it offers an impressive selection of drinks, making it a go-to spot for locals seeking a great pint in a relaxed setting. The pub’s calendar is filled with weekly events that add to its charm, including the popular meat raffle, which has become a beloved local tradition. A true community hub, The Prince of Wales hosts an array of activities—from pub games and quiz nights to gatherings for local sports teams and charity fundraisers. The pub’s signature Sunday roast draws regulars and newcomers alike, embodying its role as a central gathering place in Havant. More than just a pub, it’s a cornerstone of the community where everyone is made to feel at home, and where friendships and connections thrive.

Private Accommodation

The private accommodation consists of three bedrooms, a lounge, kitchenette and bathroom.

Annual Rent: £28,000

Security Deposit: £5,000

Working Capital: £3,500

Stock: £3,500

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.

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

The Prince of Wales has flourished under its current licensee, whose dedication has cultivated a strong reputation and a loyal community following. As she approaches retirement, the pub enters an exciting new chapter, offering a unique opportunity for someone eager to build on her accomplishments and lead the business into a promising future. This role presents a chance not only to sustain her legacy but also to bring in fresh perspectives that can further elevate the pub’s appeal. The new licensee could expand the entertainment line up and introduce a varied food menu to enhance the pub’s offerings and broaden its reach within the community. With a vibrant foundation already in place, the Prince of Wales is ready for a dynamic licensee to usher in its next era of success, enriching its role as a cherished community hub in Havant.

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 – £63.33 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 *