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7 bedroom pub for sale

1028. The Castle Inn. Station Road, Torksey, LN1

£319,950

Property Description

Commercial information

  • Business for sale

Key features

  • 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

Full description

Tenure: Freehold

Location
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.

Business History
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.

Financial Details
T/O: 90,000 approx.
GP: 30% approx.

Opening Hours
Trades approximately 40 hours per week
Huge scope

Accommodation Details
Substantial period public house in a delightful village location. Briefly comprising:

Ground Floor
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
Cellar
Various small store rooms

First Floor
Toilet and shower
Room 1 - Family room
Room 2 - Twin room
Toilet
Bathroom and shower
Office
Room 3 -Twin room
Room 4 - Double room
Private double bedroom
Private double bedroom
Private twin room

External
Car park to the front
Beer garden with stage area
Courtyard
Boiler room
Barn, suitable for conversion subject to planning consent

Tenure
Advised freehold

Energy Performance Certificates (EPCs)

To view this property or request more details, contact:

Preferred Commercial, Nationwide

Lower House Farm Mansell Way, Horwich, Bolton, BL6 6JL

0844 871 1484 Local call rate

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Disclaimer

Property reference 1028. The information displayed about this property comprises a property advertisement. Rightmove.co.uk makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and Rightmove has no control over the content. This property advertisement does not constitute property particulars. The information is provided and maintained by Preferred Commercial, Nationwide. Please contact the selling agent or developer directly to obtain any information which may be available under the terms of The Energy Performance of Buildings (Certificates and Inspections) (England and Wales) Regulations 2007 or the Home Report if in relation to a residential property in Scotland.