Pub for sale

New Drop Inn, Higher Road, Preston, England, PR3 2XE

£1,500,000

Property Description

Commercial information

  • Business for sale

Key features

  • Fantastic Ribble Valley Coaching Inn
  • T/o 843,704 Profit 104,588 (33 hrs a week)
  • Public/Lounge Dining: 200 covers
  • Superb views & location
  • White Cross House, 3 bed owners accommodation
  • Parking & extensive gardens. Energy Rating D

Full description

Tenure: Freehold

Description

The property has been in our client's ownership for the last 33 years during which time it has been thoughtfully refurbished and redeveloped and now comprises a two/three storey detached public house and function venue of rendered brick and stone elevations beneath a predominantly multi-pitched tiled roofline.

The property benefits from under floor heating throughout.

Location

The New Drop Inn occupies a superb location on the edge of Longridge Vale set upon approx five acres and offering panoramic views of the picturesque Ribble Valley. The property is located at the junction of Clitheroe Road (B6243) and Stoneygate Lane, some three km north of its intersection with the B6245 at Ribchester and approximately five km north west of its intersection with the A59.

Internal Details

Public Bar, 80 covers, a traditional bar area with wooden bar servery with feature fireplace and wood burning stove, freestanding tables and chairs and high stools to the bar.

Snug/Parlour bar, 14 covers. Archway to White Cross Bar, 40 covers. Refurbished during 2012, contemporary bar, feature fireplace with wood burner, wooden flooring

White Cross Dining/Function room,100 covers. Refurbished during 2013, enjoying panoramic views.

Commercial kitchen - refurbished in 2014. Comprehensively equipped with both food prep, starter area and dessert area adjacent to wash-up area and dry goods store.

Lower Ground Floor
Veg prep area, laundry, cold room, dry goods store, wine store, boiler and generator rooms, goods in store and garage.

Managers Accommodation with private access, lounge, breakfast kitchen, three bedrooms, bathroom and office

White Cross House - renovated in 2014, occupied by our clients comprising entrance hallway and reception, large lounge open to a newly equipped dining kitchen incorporating bi-fold doors to the patio with panoramic views.

Bedroom one, sitting area, two walk in wardrobes, en suite shower with claw bath and separate walk in shower cubicle.

Bedroom two: double bedroom with en suite bathroom and dressing room.

Bedroom three: double bathroom with en suite bathroom and dressing room.

External Details

Walled private garden area, car parking for 80 vehicles and extensive lawned gardens.

The Opportunity

The business has been owned and operated by our clients for the past 33 years and under their ownership has gained an enviable and deserved reputation as one of the areas most popular public houses and restaurants. For more information on menus and business style, please see the business' dedicated website www.thenewdrop.co.uk.

Trading Information

Accounts provided by our clients show a net turnover to November 2015 of £843,704 producing a gross profit of 58% and an adjusted profit of £104,588. Please note that these figures are based upon limited trading hours as follows:

Trading Hours

Monday – closed
Tuesday – Saturday: 12pm – 2pm
6pm – 9pm
Sunday: 12pm – 8pm

Food Service:
Tuesday – Saturday: 7pm – 9pm
Sunday: 12 - 2pm, 6pm – 8pm

Business Rates

The Rateable Value is £85,500 for the year commencing January 2014.

Regulatory

Premises licence


More information from this agent

Nearest stations

  • Langho (4.7 mi)
  • Ramsgreave & Wilpshire (5.0 mi)
Distances are straight line measurements from centre of postcode

To view this property or request more details, contact:

Christie & Co , Manchester

Acresfield St Ann's Square Manchester, M2 7HA

0161 468 3952 Local call rate

How much will it cost me to call the number displayed on the site?

Standard geographic charges from landlines and mobiles apply and calls may be included in your telecom provider's call package.

Map & Street View

Nearest stations

  • Langho (4.7 mi)
  • Ramsgreave & Wilpshire (5.0 mi)
Distances are straight line measurements from centre of postcode

To view this property or request more details, contact:

Christie & Co , Manchester

Acresfield St Ann's Square Manchester, M2 7HA

0161 468 3952 Local call rate

How much will it cost me to call the number displayed on the site?

Standard geographic charges from landlines and mobiles apply and calls may be included in your telecom provider's call package.

Disclaimer - Property reference 5651807-fh. 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 Christie & Co , Manchester. 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.

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