3 bedroom pub for sale

BERKSHIRE

£29,950

Property Description

Key features

  • Prominently located on a main road leading into the large town of Newbury, Berkshire.
  • Traditional Open Plan Public Bar (circa 40) with carpets and wood flooring, bar server, two pool tables, darts throws and plasma screens.
  • Spacious Restaurant (circa 65) benefitting from a bar server and a mix of wood and carpeted floors.
  • Large 3 Bedroom Living Accommodation.
  • Large Trade Gardens (circa 90) and Car park.
  • Renewable Punch Taverns partial tie lease.
  • Advised turnover for y/e 09/14 is circa £389,548(inc VAT) on a trade split of 80% wet and 20% dry.

Full description

Tenure: Leasehold

REF 7655 LEASEHOLD

A SUBSTANTIAL LICENSED PROPERTY SURROUNDED BY HOUSING WITHIN THE BERKSHIRE TOWN OF NEWBURY

LOCATION
This traditional detached wet led Public House is prominently located on Brummell Rd leading into Newbury, Berkshire.
Newbury is the principle town in the west of Berkshire and has its own civil parish as well as the administrative headquarters of West Berkshire.
The town has a population of roughly 31,000 residents.
The town spans both sides of the River Kennet and the Kennet and Avon Canal, and has a town centre containing many 17th century buildings.
Newbury is well known for its racecourse as well as being home to the headquarters of Vodafone UK.
To the north of the town is the Berkshire Downs, part of the North Wessex Downs Area of Outstanding Natural Beauty, along with Donnington Castle and the famous racehorse centre of Lambourn.

THE PROPERTY
This busy, extensive and well-presented public house is of brick construction, under a pitched, tiled roof, occupying an excellent position on a main road leading into Newbury, Berkshire.

The Open Plan Public Bar (circa 40) is a large room split into two offering a substantial bar server area, two pool tables, darts throw, carpeted and wood floors and plasma screens. This room is home to 5 pool teams and 3 darts teams.

The Restaurant/Dining Area (circa 65) is a spacious room set on two levels and benefits from a bar server, a mix of wood and carpeted flooring and a good range of fixtures and fittings.

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

Ladies and Gents W.C.’s.

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

OWNER’S ACCOMMODATION
The owner’s accommodation is situated on the 1st floor and briefly comprises: Three Double Bedrooms (one en-suite), Lounge, Bathroom, W.C, Office and Kitchen.

EXTERNAL
To the front of the property is a substantial Patio Terrace Area that offers seating for 50 customers. To the side is a Lawned Garden for 40 along with a Private Garden Area.
To the front of the building is a huge car park for 50 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:

Sun – Thurs 10am – Midnight
Fri – Sat 10am – 1am

Current opening hours are:

Sun – Thurs Midday – 11.30pm
Fri – Sat Midday – 12.30am


NB. Important. Prospective purchasers wishing to continue to operate the public house should ensure that they gain the NCPLH 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 4.5 years remaining of the Punch Taverns’ full repairing and insuring, renewable agreement. We are advised that the business is free of tie for wines, spirits and soft drinks. We are informed that the rent is currently £40,000 with the next rent review due in 2019. 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). We are advised that the business rates payable are currently circa £8,180 per annum.

THE BUSINESS
Our vendor client bought this well located business in 2009 and the property is being offered in excellent condition.
The current owner has built up a loyal local customer base and is a busy business with further potential to introduce a larger range of catering with the well equipped commercial catering kitchen.
This is a popular hub of the community public house that is popular with live music, karaoke and pub teams.
We are advised the turnover for year ending 09/14 is £389,548 (inc VAT) on a trade split of 80% wet and 20% food.
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.



Energy Performance Certificates (EPCs)

Nearest stations

  • Newbury (1.0 mi)
  • Newbury Racecourse (1.5 mi)
  • Thatcham (4.2 mi)
Distances are straight line measurements from centre of postcode

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

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

  • Newbury (1.0 mi)
  • Newbury Racecourse (1.5 mi)
  • Thatcham (4.2 mi)
Distances are straight line measurements from centre of postcode

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

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 7655. 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.

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