2 bedroom pub for sale

DORSET

£90,000

Property Description

Full description

Tenure: Leasehold

REF:7901 LEASEHOLD



THRIVING AND FULLY REFURBISHED INN UNIQUELY POSITIONED WITHIN THE HEART OF POUNDBURY, PART OF PRINCE OF WALES' DUCHY ESTATE IN THE POPULAR MARKET TOWN OF DORCHESTER, DORSET


Centrally located on the square opposite the Market Hall in Poundbury, Dorset.

Delightfully relaxed Lounge Bar/Dining Area (circa 40) offering a bar server and wood effect floors.

Fully Refurbished Restaurant (circa 50) with wood effect floors, and bar server.

Superb 2 Bedroom Self Contained Apartment.

Car Park & Commercial Catering Kitchen.

Lovely front and side Patio Terrace Area (circa 50-60) on the market square.

Advised turnover for y/e 12/16 is circa 435,600 (inc vat) with a trade split of 40% wet and 60% food and a recon net profit of 50k.

Renewable lease.


BEAUTIFUL AND PROFITABLE INN LOCATED IN A HIGHLY SOUGHT AFTER AREA

LOCATION

This fully refurbished, profitable and uniquely positioned leasehold Inn is situated on Pummery Square, Poundbury, Dorchester, Dorset.
Poundbury is a thriving new urban development on the outskirts of Dorchester, West Dorset.
It was designed by the Prince of Wales and is part of the Duchy of Cornwall Estate. Work began in the mid 1990's with the aim of completing the development by 2025. Poundbury will add 5000 to the population of Dorchester along with creating approximately 2000 jobs.
Poundbury is made up of Town Houses, Cottages, Shops and Light Industry. Its innovative design allows the combination of Traditional Architecture and Modern Town Planning and boasts a thriving community.
Many people make a visit to Poundbury a must during their holiday to Dorset's Jurassic Coast.

THE PROPERTY

This thriving and profitable Inn is a lovely property of brick construction, under a pitched, tiled roof, occupying an excellent position on the Market Square of Poundbury, Dorset.

The Lounge Bar/Dining Area (circa 40) is a lovely inviting room with a central bar server greeting the customers as they enter. The room offers wood effect flooring, an electric log burner fireplace and quality furnishings.

The Restaurant (circa 50) is very much in keeping with the Lounge Bar with wood effect floors, bar server and electric log burning fireplace along with a high quality Carvery Servery Unit.

This thriving business has been fully refurbished throughout and is presented to a very high standard.

The Ground Floor Cellar benefits from coolers, python system and storage along with a lockable bottle store.

Ladies and Gents W.C.'s + disabled.

There is a large commercial catering kitchen with stainless steel appliances and work surfaces (appliances not tested) with a separate wash up and storage areas along with a Walk In Fridge.

OWNER'S ACCOMMODATION

The owner's accommodation is situated on the 1st floor and briefly comprises: Two Double Bedrooms, Lounge, Fully Fitted Kitchen/Diner and Bathroom. This apartment offers its own separate entrance and is presented to a very high standard.

EXTERNAL

To the front and side of the property is a Patio Terrace Area offering seating for approximately 50-60 people and benefits from direct access into the trading areas.
To the front of the property is a Car Park for 13 cars.

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:

7 days per week 10am - 11pm

Current opening hours are:

7 days per week Midday - 3pm
6pm - 11pm

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.

GENERAL REMARKS

The business is offered for sale as a lease assignment with approximately 3 years remaining of the Enterprise Inns repairing (internal only) and insuring, renewable agreement. We are advised that the business is free of tie for wines, spirits and minerals.

We are informed that the rent is currently 38,000. We are advised the next rent review is due in 2020. We are advised that at the end of the term, the Lease (not seen by Guy Simmonds) should be renewable with no further premium - subject to the provision of the Landlord & Tenant Act 1954.

We are advised that the inn benefits from all mains services (no services seen or tested). Business rates are advised as currently being circa 10,000 payable per annum.

THE BUSINESS

The current owners purchased the business in August 2014 and are offering the property in excellent decorative condition throughout after a full refurbishment.

Our vendor has built up a strong trading foundation over the last few years and has an excellent reputation in the local area. Our vendors are looking to offer this successful business to the market in a very healthy position.

The business is extremely busy and would suit an experienced operator who aspires to run their own renowned pub/restaurant.

We are advised that the turnover for year ending Dec 16 is circa 435,600 (inc vat) with a trade split of 40% wet and 60% food.

This property offers a wonderful opportunity to have a lovely quality of life within a stunning south coast area.

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.

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, 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.
(IX) All prices quoted are excluding stock at valuation.


Nearest stations

  • Dorchester West (0.7 mi)
  • Dorchester South (0.9 mi)
  • Upwey (4.3 mi)
Distances are straight line measurements from centre of postcode

To view this property or request more details, contact:

Guy Simmonds Business Transfers Limited , National Licensed Property

Coppice Farm, Ashby Road Melbourne, DE73 8BJ

01332 448136 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

  • Dorchester West (0.7 mi)
  • Dorchester South (0.9 mi)
  • Upwey (4.3 mi)
Distances are straight line measurements from centre of postcode

To view this property or request more details, contact:

Guy Simmonds Business Transfers Limited , National Licensed Property

Coppice Farm, Ashby Road Melbourne, DE73 8BJ

01332 448136 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 7901. 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 Business Transfers Limited , National Licensed Property. 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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