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3 bedroom pub for sale

FAIRFORD GLOUCESTERSHIRE REF: 6734 FREEHOLD

£535,000

Property Description

Commercial information

  • Business for sale

Key features

  • Excellently located within the quaint Cotswold town of Fairford, close to Lechlade and Cirencester.
  • Fully Refurbished characterful and stylish Lounge Bar/Dining Area (circa 80).
  • Wonderful Patio Terrace area with seating for 50 with heated Awning and Parasol.
  • 3 Bedroom Living Accommodation split into 2 flats.
  • Advised turnover for y/e 05/11 is circa £360,000 (incl. VAT).
  • Trade split 75% wet, 25% food offering a Recon Net Profit of £80,000.

Full description

Tenure: Freehold

LOCATION
This wonderfully presented Freehold Cotswold Inn is situated on the London Road, Fairford, Gloucestershire.
Fairford is a quaint Cotswold town in Gloucestershire with a population of approximately 4,000. This lovely Cotswold town sits on the River Coln, about 6 miles east of Cirencester, 4 miles west of Lechlade and 15 miles from the fabulous city of Oxford. The town is located on the edge of the Cotswold Water Park.
Each year, RAF Fairford hosts the worlds largest military air show, the Royal International Air Tattoo, offering a huge boost to the economy of the town and surrounding areas.
The towns’ secondary school is Farmors Comprehensive, which is judged to be of outstanding standard having achieved Grade 1 in its Ofsted inspection in 2010. There is also a primary school and playgroup.


THE PROPERTY
This beautifully presented freehold Cotswold inn is of stone and brick construction, under a pitched, tiled roof, occupying an excellent location within the heart of Fairford, Gloucestershire.

The Fully Refurbished Lounge Bar/Dining Area (circa 80) is presented to a very high standard and benefits from stone flagged floors, lovely bar server, beamed ceilings, exposed stone walls and a delightful log burning fireplace.

Ladies and Gents W.C.’s.

There is a well equipped commercial catering kitchen with stainless steel appliances (not tested) and work surfaces along with a wash up area.

The Ground Floor Beer Cellar has coolers and a python system.

OWNER’S ACCOMMODATION
The owner’s accommodation is situated on the 1st floor and briefly comprises: 3 Double Bedrooms, Lounge and Two Bathrooms. This area is currently split into two flats.

EXTERNAL
To the front of the property is a recently refurbished trade garden with a delightful Patio Terrace Area (circa 50) with a heated Awning.
To the side of the property is a car parking space.
There are various outside storage sheds.

TRADING & LICENSING
We are advised that the business trades with the benefit of the Premises Licence (not seen) which permits the sale of alcohol during the hours of:

Mon – Thursday 10.30am – 11.30pm
Fri – Sat 10.30am – 1.30am
Sun Midday – 11.30pm

Current opening hours are:

Sun – Thursday Midday – 11pm
Fri – Sat Midday – 1.30am

NB. Important. Prospective purchasers wishing to continue to operate the public house should ensure that they gain the APLH Qualification in readiness for their intended operation of the Public House. Guy Simmonds hold this 1 day APLH Course every 2 weeks. Please telephone us to reserve your place or book on-line at www.guysimmonds.co.uk

GENERAL REMARKS
The business and property is being offered for sale freehold (title deeds not seen).

We are advised that the inn benefits from all mains services and uses gas central heating (services not tested). Business rates are advised as currently being £5720 per annum payable.

THE BUSINESS
The current owners purchased the business 4 years ago as a family concern and are offering the property in very good condition along with establishing a renowned reputation for its high standards.

Our vendor clients have completely refurbished the business and offer a continued growing trade.
This offers an excellent opportunity for new operators to reap the rewards and continue to further grow the catering options.

Advised turnover for y/e 05/11 is circa £360,000 with a trade split of 75% wet and 25% food and a recon net profit of £80,000.

Accounting information will be made available to interested parties after viewing.

This business was viewed by Marc Blackford who would be delighted to discuss further details and can be contacted on 07812 753014.

Viewing appointments must be made by contacting Guy Simmonds.

VIEWING: All appointments must be made through Guy Simmonds. Please note that these Sales Particulars are issued on the strict basis that all negotiations, viewings and contacts in connection with this business are conducted through Guy Simmonds who are appointed by the vendor to act under a Sole Selling Rights agreement with total confidentiality. Any breach of these terms may make you liable in law to litigation and damages. Under no circumstances must you approach the owner direct without a formal appointment or disclose to other customers and staff that the Premises are for sale.

TRAINING: For a brochure and dates of our award-winning training courses leading to the relevant B.I.I, qualifications (and APLH). Telephone (01332) 865112 or view on www.guysimmonds.co.uk Courses are monthly.

FINANCE FOR PURCHASING A LICENSED PROPERTY: We are in constant touch with a leading finance broker who specialises in arranging Business Finance for Licensed Properties. Whether you are purchasing a Licensed Property through ourselves, or another agent, we will be pleased to contact on your behalf our specialist who can arrange the necessary Finance Package for you at preferential rates. Please telephone for free and no obligation advice with regards to financing a Business.

Guy Simmonds for themselves and for the vendors or lessors of this property and/or business whose agents they are give notice that:-
(I) These particulars are a general outline for the guidance of intending purchasers (or lessees) and do not constitute an offer or contract, nor any part of an offer or contract.
(II) All descriptions, dimensions (note; 1ft. = 0.348 m), distances, maps/plans, references to condition, trading figures and other items in these particulars are given as a guide and no responsibility is assumed by Guy Simmonds for the accuracy of individual items. Intending purchasers (or lessees) should not rely on them as statements of representations of fact and should satisfy themselves as to the correctness of each item by making independent enquiries.
(III) Intending purchasers (or lessees) should make their own independent enquiries regarding the use of the property, necessary permissions for use and occupations, potential uses and any other matters affecting the property prior to purchase.
(IV) Guy Simmonds do not make or give whether in these particulars, during negotiations or otherwise, any representation or warranty in relation to this property. No responsibility is taken by Guy Simmonds for any error, omission or mis-statement in these particulars. Guy Simmonds do not warrant the accuracy of any accountancy information supplied and purchasers are advised to take independent advice in order to satisfy themselves.
(V) Guy Simmonds are unable to give any warranty as to the working order of any apparatus, equipment, fittings or services associated with the premises and therefore, cannot verify they are in full working order. Purchasers are strongly advised to obtain specialist reports prior to exchange of contracts in order to satisfy themselves.
(VI) All statements and descriptions are made without responsibility or warranty by Guy Simmonds, the vendors or lessees. Neither do Guy Simmonds nor the vendors/lessees hold ourselves responsible for any expenses whatsoever incurred by applicants inspecting Businesses which may be sold or withdrawn, to include travelling, valuation/survey, legal fees etc.
(VII) No person in the employment of Guy Simmonds has any authority to make or give any representation or warranty whatever in relation to this property.
(VIII) It should not be assumed that the contents of any photographs are included in the sale.


To view this property or request more details, contact:

Guy Simmonds, National Licensed Property Agents

Coppice Farm, Ashby Road Melbourne, DE73 8BJ

01332 448091 Local call rate

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Disclaimer

Property reference 6734. 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 Guy Simmonds, National Licensed Property Agents. 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.