Pub for sale

The Spyway Inn, Askerwell, Dorchester, Dorset, DT2 9EP

£595,000

Property Description

Commercial information

  • Business for sale

Key features

  • Idyllic setting close to Jurassic Coast
  • Net sales 385,520, ANP c.120,000
  • 3 en suite letting rooms & owners flat
  • PP to extend dining area.
  • Potential for all day opening in Summer
  • Set in 0.75 acres with far reaching views. Energy Rating D

Full description

Tenure: Freehold

Description

The Spyway Inn is an old smugglers inn and dates back to 1745. The Inn retains many of its character features with a large open fire place in the bar/restaurant area. The Spyway Inn benefits for extensive gardens that extend to the south with views across the West Dorset countryside.

The Spyway was recently awarded the best pub garden of the year for 2017 by CAMRA.

Location

The Spyway Inn lies in a small hamlet just outside the village of Askerswell about a mile from the A35. The Inn is located in an area which is designated an area of Outstanding Natural Beauty and is popular for walkers, and a venue for weddings, parties, events and functions.

The Inn is 3 miles from Bridport, 5 miles from West Bay (of TV’s Broadchurch fame), Weymouth 15 miles, Lyme Regis 14 miles, Charmouth 10 miles and 11 miles from the County Town of Dorchester with its main line rail service to London Waterloo.

Internal Details

There are two main customer entrances that lead to the three characterful trading areas, consisting of the main bar room with dining for around 18 covers plus two further dining rooms that seat about 50 covers, one of which has access to a bar servery. Internal hallway with coffee serving area and door to the rear garden.

Ancillary areas:- Large fully fitted commercial kitchen, Cellar within close proximity of the bar with virtually no wastage, Wine and Freezer room, Utility/boiler room, rear access for staff/owners form private garden terrace to staff room with cloakroom/toilet and shower, formerly used by campers. Customer toilets.

Fixtures & Fittings

We are advised the trade fixtures and fittings at present in the property are owned outright and will be included in the sale.

Letting Accommodation

All three bedrooms are en-suite with views, comprising of one twin, one double and one king size.

External Details

The site covers 0.75 acres with gardens that extend to the south of the property providing views across the West Dorset Countryside. There is a raised paved terrace with pagoda and beer garden that is bounded by a small stream with space for another 15 tables and children's play area. Car parking for approximately 30 cars. Private owners garden terrace.

Owner's Accommodation

A separate access from an outside staircase leads into the owners bedroom, with separate bathroom, large living area.

The owners accommodation with large living room could be converted to two rooms if required

The Opportunity

The business represents that rare combination of life style and high profit margins. Would ideally suit a partnership looking to escape city life whilst maintaining a decent income and living in a beautiful part of Dorset near to the coast.

There is the scope to extend the opening hours, particularly during the summer months, and to develop the site by adding more rooms and extending the dining space to the rear. The large grounds could also accommodate a marquee for events and weddings.

Leasehold option available for a new free of tie lease with the term to be agreed. Annual rental guide of £40,000 per annum.

Staff

Owner operated plus two full time employees and part staff as required

Trading Information

Net sales £385,520 for Y/E 31/05/17 Adjusted Net Profit c.£120,000.

Trading Hours

Seven days a week 12pm to 3pm and 6.00pm to 11.00pm

Planning Permissions

Planning Permission to extend the dining area and incorporation of a new small bar was granted in August 2011. Scope to increase letting bedrooms and enlarge car park subject to planning permission.

Business Rates

The Rateable Value is £33,250 for the year commencing 1 April 2017.


More information from this agent

Nearest station

  • Maiden Newton (4.9 mi)
Distances are straight line measurements from centre of postcode

To view this property or request more details, contact:

Christie & Co , Bristol

Embassy House Queens Avenue, Clifton, Bristol, BS8 1SB

0117 407 0138 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 station

  • Maiden Newton (4.9 mi)
Distances are straight line measurements from centre of postcode

To view this property or request more details, contact:

Christie & Co , Bristol

Embassy House Queens Avenue, Clifton, Bristol, BS8 1SB

0117 407 0138 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.

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