7 bedroom pub for sale1028. The Castle Inn. Station Road, Torksey, LN1
1 sq. ft. | £319,950
- Business for sale
- Ideally located in a prominent position within Torksey Village
- The premises back on to Lincoln Golf Club and give uninterrupted views to all sides
- Highly regarded public house with outstanding potential for redevelopment or expansion
- Currently run at a pace to suit due to ill health
- Has various letting rooms, which are currently not being utilised
- Scope for food sales as there is the demand in the area
The Castle Inn is ideally located in a prominent position within the village of Torksey in Lincolnshire. The property lies just a short distance from the A156 which runs through the village, giving easy access to historic Lincoln, some 11 miles away, and further on to the Midlands and the East Coast. The premises back on to Lincoln Golf Club and give uninterrupted views to all sides. Torksey and the surrounding villages are popular places in which to live and the area is very affluent. The A156 gives direct access to Newark-on-Trent approximately 17 miles south and Gainsborough approximately 7 miles north.
Preferred Commercial is delighted to offer for sale this highly regarded public house with outstanding potential for redevelopment or expansion. The business has only come to the market due to ill health, and as such is being run on very much reduced opening hours. The business generates an annual turnover of £90,000 with a gross profit in the region of 30%. There are various letting rooms, which are currently not being utilised. There is substantial scope to increase turnover by letting the rooms, opening longer hours, or utilising the outbuilding. There is also scope to reinstate food sales as we feel there is the demand. There is an adjacent touring caravan site with 5 pitches from which the pub draws trade and is available to purchase by separate negotiation. All fixtures and fittings are included in the sale. This is an ideal opportunity to purchase a busy village public house with huge scope for further development. Early viewing with Preferred Commercial comes highly recommended.
T/O: £90,000 approx.
GP: 30% approx.
Trades approximately 40 hours per week
Substantial period public house in a delightful village location. Briefly comprising:
• Main bar with pool table, TV and various gaming machines with seating for 50 people
• Lounge bar with carvery counter and seating for 20 people
• Ladies and gents WCs
• Dining room with 16 covers
• Commercial kitchen fitted to suit trade
• Various small store rooms
• Toilet and shower
• Room 1 - Family room
• Room 2 - Twin room
• Bathroom and shower
• Room 3 -Twin room
• Room 4 - Double room
• Private double bedroom
• Private double bedroom
• Private twin room
• Car park to the front
• Beer garden with stage area
• Boiler room
• Barn, suitable for conversion subject to planning consent
Energy Performance Certificates (EPCs)
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