Propaganda Music Canteen, 317-321 Fleet Road, Fleet, GU51 3BU

Description

Propaganda Music Canteen is a mid-terrace late night bar located on the main High Street of Fleet, featuring prominent front access. The property includes a seating area for 250 guests inside, with a long bar and a mix of seating options. An additional 60 external covers are available at the rear, accessible through the main open-plan bar area. The first floor houses offices and a two-bedroom flat with a living room and domestic kitchen, ideal for live-in owners or management accommodation.

Established in 2005, the venue has undergone various renovations and is known throughout the area as the go-to spot in the town's late-night scene. It boasts a lively, casual, and upbeat atmosphere, offering a variety of food and drinks, including an extensive cocktail list. The venue features live DJs on Friday and Saturday nights, live music on Thursdays, and acoustic performances on Wednesdays.

GIA: 5274 sq ft / 489.9 sq m
Website:

Propaganda Music Canteen is situated at 317-321 Fleet Road in the heart of Fleet. This town boasts a variety of shopping and dining options, high quality schools, and scenic green spaces like Oakley Park and Fleet Pond Nature Reserve. Fleet is well-connected, with easy access to the M3 motorway, frequent train services to London Waterloo, and local bus routes and cycling paths. It is approximately 10 miles from Farnborough, 15 miles from Basingstoke, and 37 miles from London.

The ground floor is accessed from the main High Street through double doors at the front of the building. It features a spacious bar area with a capacity for 250 people and a long bar servery. Additionally, there is a commercial kitchen, a ground floor beer cellar, and other ancillary areas.

Located on the first floor and accessible via a central staircase, the property includes offices and a two-bedroom flat with a living room and a domestic kitchen. This accommodation is ideal for 'live-in' owners or management.

All trade fixtures and fittings are included in the sale, except for some personal effects. An inventory will be provided once an offer has been accepted.

At the rear of the property, there are five parking spaces, including one designated for disabled access. A rear beer garden can accommodate 60 people and features artificial grass turf.

The business is operated by a full complement of staff overseen by the owner. This includes a general manager, seven bartenders, and four waiting staff, all of whom will be subject to TUPE.

The business operates as Reach For the Stars (Fleet) Limited.

Monday & Tuesday – closed
Wednesday 5PM - 11PM
Thursday 5PM - Midnight
Friday 5PM - 2AM
Saturday 5PM - 2AM

The property is held on a 15-year lease from Greene King, commencing on 24 November 2021 and expiring on 23 November 2036. The current rent is £72,694 per annum, with rent reviews scheduled every five years, in 2026 and 2031. The lease includes partial ties on beer and cider.

The rent will be reducing to £62,000pa in November 2026

A minimum three-month rental deposit and personal guarantees will be required. Any offer received will be subject to the assignment process and landlord's consent.

Rateable value effective from 1 April 2023 is £43,000.

Premises Licence.