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14 June 2016 | Restaurants

Safe bet as The Hare Restaurant hops onto the market

The Hare Restaurant, a Grade II listed restaurant and bar in the village of Lambourn Woodlands, Berkshire, has been brought to the market by specialist business property agent, Christie & Co.

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Situated in the heart of the village between Swindon and Newbury, an area well known for its horseracing community, the two-storey former coaching inn dates back to 1630 and includes a modernised lounge/bar, restaurant (100 covers) and six bedroom owners’/ staff accommodation.

Externally, there is a fixed roof gazebo in the garden offering al fresco dining for up to 44 guests, three terraced seating areas, a beer garden and parking for up to 40 vehicles.

The site has been operated by its current owners for three years in which time it has built up a strong reputation both in the local and wider community. There is also scope for a purchaser to expand the business by utilising the garden space for wedding receptions and other functions and, subject to planning consent, converting the six bedroom accommodation into letting rooms.

Mark Loveday, Business Agent in Christie & Co’s Reading office comments, “This is a superb opportunity to acquire a well-established business in an excellent location which attracts not only locals but also a large amount of custom from the shooting and horse racing community.

“We are seeing a consistently strong demand for destination pubs and restaurants with letting rooms in rural and reputed locations around Berkshire and other Southern counties. Whilst corporate operators may require these rooms to maximise income, lifestyle and independent operators may choose to use the space for management and/or staff accommodation.

“Attention is also being drawn towards sites with enough external space to cater for open air events such as wedding receptions, birthday parties and professional functions with the ability to yield top level food from quality on-site kitchen facilities. The Hare at Lambourn Woodlands falls well within this remit.”

The property is available freehold at a price of £650,000.