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6 bedroom pub for sale

WILTSHIRE

£45,000

Property Description

Key features

  • Superb main road position in the heart of Collingbourne Ducis, Wiltshire.
  • Fully refurbished trading areas including a Lovely Lounge Bar (circa 30) with log burner and Restaurant (circa 40) offering carpeted floors and central fireplace.
  • Extensive Lawned Beer Garden (circa 50-60), ideal for marquee events along with Side Patio Terrace.
  • Commercial Catering Kitchen and Large Car Park.
  • 2 Double Letting Bedrooms (1 En-Suite).
  • Spacious 4 Bedroom Living Accommodation.
  • 8 yrs remaining of the private 'Free of Tie' Lease with a rent of 35k per annum.
  • Advised turnover for y/e 03/15 is 260,400 (inc VAT) based on a trade split of 60% wet and 40% dry.

Full description

Tenure: Leasehold

REF 7719 LEASEHOLD


COMPLETELY REFURBISHED 'FREE OF TIE' VILLAGE INN AND RESTAURANT

LOCATION
This lovely 'Free of Tie' Inn and Restaurant with Letting Accommodation sits in the heart of Collingbourne Ducis, a highly sought after village in Wiltshire, close to the town of Marlborough.
Collingbourne Ducis is a village and civil parish on Salisbury Plain, Wiltshire and has a population of approx. 1,000 residents. The next town to Collingbourne Ducis, Tidworth, is expecting a large influx (5000+) of all grades of military personnel to move back from Germany in the next year which should create demand for letting rooms and extra business.
It is one of several villages on the River Bourne, a seasonal river usually dry in the summer.
The village is located on the busy A338 road between the lovely town of Marlborough and the historic tourist town of Salisbury.
This thriving village has a range of clubs including a cricket club, gardening club and the beautiful Church of St Andrews.
Collingbourne Ducis also benefits from its own Primary School.

THE PROPERTY
This refurbished and substantial Inn is of local stone construction, under a pitched, tiled roof, occupying a prominent main road position within Collingbourne Ducis, Wiltshire.

The Lounge Bar/Dining Area (circa 30) has been completely refurbished and offers a mix of wood and carpeted flooring, bar server, log burner and fireplace, feature fireplace, beams, pool table and darts throw. This bar is home to a pool team, darts team and regular live music.

The Restaurant (circa 40) is a lovely room with a fabulous central log burner, carpeted flooring and beamed ceilings.

The entire property has been completely refurbished over the past two years and is offered in excellent condition.

There is a Ground Floor Cellar offering a python system and coolers.

Ladies and Gents W.C.'s.

There is a Commercial Catering Kitchen with stainless steel appliances (not tested) and work surfaces.

LETTING ACCOMMODATION
On the 1st Floor are Two Double Letting Bedrooms (1 en-suite). These rooms are newly created and offer excellent scope to increase turnover.

OWNER'S ACCOMMODATION
The owner's accommodation is situated on the 1st and 2nd floors and briefly comprises: 3 Double Bedrooms and 1 single, Lounge and Bathroom.

EXTERNAL
To the side of the building is a lovely Patio Terrace Area (circa 25) and to the rear is an extensive Lawned Beer Garden (circa 50-60), ideal for marquee events.
To the rear of the building is a large Car Park for 35 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:

Mon - Thursday 11am - Midnight
Fri - Sat 11am - 1am
Sunday Midday - 11.30pm

Current opening hours are:

Tuesday CLOSED
Mon - Fri Midday - 3pm/6pm - Midnight
Saturday Midday - 1am
Sunday Midday - 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. Guy Simmonds hold this 1 day APLH Course every month. Please telephone us to reserve your place or book on-line at www.guysimmonds.co.uk

GENERAL REMARKS
The business is offered for sale as a lease assignment with approximately 8 years remaining of the private 'free of tie' full repairing and insuring, renewable agreement. We are advised that the business is free of tie for all products. We are informed that the rent is currently 35,000 with the next rent review due in Dec 2016. 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 and is heated by gas central heating. (no services seen or tested). Business rates are advised as currently being free of charge.

THE BUSINESS
The current lessees purchased the business in 2013 and are offering the property in excellent condition throughout.
Our vendors are continuing to grow this successful and profitable business by creating new en-suite letting bedrooms.
This is an ideal opportunity for hands on owner operators to reap the rewards of a fully refurbished Village Inn with an excellent local reputation.
We are advised turnover for year ending 03/15 is 260,400 (inc VAT) with a trade split of 60% wet and 40% dry.

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.



Map & Street View

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