4 bedroom pub for sale

SURREY

Sold STC £115,000

Property Description

Key features

  • Wonderful early 20th century inn situated in the prime trading location of Reigate.
  • Traditional and relaxing Lounge Bar (circa 20) and a versatile and intimate Restaurant (circa 40 covers).
  • Extensively refurbished and modernised throughout, yet retaining a wealth of charm and character with a feature open fire, oak flooring and oak panelled walls.
  • Impressive 3/4 bedroomed family accommodation.
  • Fully equipped Commercial Catering Kitchen.
  • Delightful Beer Garden (circa 50+) and Patron's Car Parking facilities for circa 20 cars.
  • Advised turnover for YE March 2015 circa 422,000 (incl. VAT).
  • Trade split circa 40% wet and 60% food. Tremendous potential for catering/events orientated operators.
  • Long Lease -circa 15 years remaining on the Enterprise Inns 'partially tied' renewable lease.

Full description

Tenure: Leasehold

Ref 7770 LEASEHOLD


AN AMAZING OPPORTUNITY TO PROCURE THIS EXTREMELY WELL ESTABLISHED BUSINESS AND FAMILY HOME OFFERING UNTOLD GROWTH POTENTIAL AND A WONDERFUL QUALITY OF LIFE IN AN ENVIABLE LOCALE


LOCATION
This outstanding business can be found in the affluent and highly sought after location of Reigate in the beautiful county of Surrey and can be easily reached from junction 8 of the M25. Situated within the commuter belt being approximately ONLY 20 miles from the capital city of London and also located within the M23 corridor, having excellent road communications providing easy access to the M23, M25 and M20 motorways making this superb location an extremely popular commuter area for the major motorways and the major international airports of Gatwick and Heathrow. Reigate is also within the catchment area of many similar affluent towns and villages in addition to being situated close to Redhill and Leatherhead making this superb business ideally situated to attract trade from the nearby surrounding towns and villages which provide an excellent level of repeat trade. An enviable place to reside and a compelling trade opportunity.

THE PROPERTY
This highly desirable inn is an imposing and substantial 2 storey detached property occupying an excellent trading position.

Main entrance at the front leading into the lobby with access into the Lounge Bar.

Lounge Bar (circa 20) is a lovely traditional room exuding a warm and inviting relaxing ambience, having a feature return bar servery with a solid polished counter and a matching mirrored back fitting with trade optics and refrigerated bottle coolers (not tested). The room is well furnished with a lovely eclectic range of solid polished tables, leather armchairs, leather sofas and leather padded bar chairs. Adding to the charm of this room is the feature brick built open fireplace, the solid oak herringbone style floor and the oak panelled walls. Access to the Restaurant.

Restaurant (circa 40 covers) is a versatile and multi-functional room (ideal for wakes and private parties etc.) and exudes a delightful intimate and cosy dining ambience. Being very well furnished with an excellent range of solid polished tables and a leather chairs. There is also a return bar servery counter. Adding to the charm of the restaurant are the oak panelled walls. Access to the Beer Garden.

Catering facilities include a fully equipped commercial Kitchen with stainless steel appliances and preparation surfaces (appliances not tested).

Lower Ground Floor Cellar with dray drop, pumps, python, tilt racks, post mix and cooler.

Ladies and Gents W.C.'s

OWNER'S ACCOMMODATION
Being situated on the 1st floor, offering good sized rooms, presented in good decorative order and briefly comprises: 3/4 bedrooms, lounge, office/bedroom and bathroom.

EXTERNAL
There is a delightful enclosed Beer Garden (circa 50+) at the rear having a paved patio area with Wratten style garden furniture and steps leading up to the terraced area with timber benches/seating, There is also a wonderful ornamental stone built fish pond and water feature and the garden has a lovely backdrop of mature trees and well stocked beds and borders with an excellent range of plants and shrubs. Patron's parking facilities for circa 20 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:

Monday - Saturday - 11.00am - 11.00pm
Sunday - Midday - 10.00pm

The current opening hours are as follows:

Monday - Saturday - Midday - 11.00pm
Sunday - Midday - 8.00pm

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 circa 15 years remaining of the Enterprise Inns full repairing and insuring, renewable agreement. We are advised that the inn is 'part tied' to draught, bottle beers and ciders. We are informed that the rent is currently circa 33,000 per annum. 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 payable are advised as currently being circa 9,000 per annum.

THE BUSINESS
Our vendor clients operates this excellent business as a 'husband and wife' team on a full time basis with the assistance of 2 full time and 6 part time/casual members of staff. Trade is currently derived from circa 40% wet and 60% food sales, thereby providing tremendous scope for a new hands-on owner operator partnership with previous experience of running a catering/events orientated operation enabling them to take this business to the next level by exploiting the obvious immense food and functions/events potential that is to be found here. This is an extremely rare and outstanding opportunity for those seeking a lifestyle change or an alternative career from the hustle and bustle of the City or even as an additional income stream whilst commuting.
Advised current turnover for YE March 2015 circa 422,000 (incl. VAT). This delightful inn is an extremely well-established and successful business and in our opinion with the above areas of potential we would quite easily expect a fully focussed and fully committed operator to achieve a turnover well in excess of 500,000 (incl. VAT).
Accounting information will be made available to interested parties after viewing.
This business was viewed by Martin McConnell who would be delighted to discuss further details and can be contacted on 07970 213549.
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

  • Reigate (0.6 mi)
  • Redhill (1.7 mi)
  • Earlswood (Surrey) (2.1 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

  • Reigate (0.6 mi)
  • Redhill (1.7 mi)
  • Earlswood (Surrey) (2.1 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 7770. 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.

Map data OpenStreetMap contributors.