3 bedroom pub for sale

WILTSHIRE

£49,950

Property Description

Full description

Tenure: Leasehold

Ref 7835 LEASEHOLD

EXTREMELY BUSY AND WELL ESTABLISHED CITY CENTRE INN WITH SUBSTANTIAL TRADING AREAS LOCATED IN THE HEART OF SALISBURY, WILTSHIRE, AN HISTORIC CITY WITH CONSIDERABLE TOURIST TRADE


Superb corner position on Catherine Street, within the heart of this historic city.

Characterful & Spacious Open Plan Lounge Bar & Dining Area (circa 100) with a mix of flagstone & wood floors, feature fireplaces & exposed brick walls.

Upstairs Function Room (circa 50) with its own bar area & carpeted floors.

Conservatory Style Dining Area (circa 20) with flagstone floors.

3 Bedroom Living Accommodation.

We are advised turnover for y/e 03/15 is 693,092 (inc vat) with a trade split of 45% wet and 55% dry.

4 yrs left on a renewable Enterprise Inns lease.

AN EXTENSIVE CITY CENTRE INN WITH HIGH TURNOVER AND PROMINENT POSITION



LOCATION
This extensive and characterful city centre Inn has a prominent corner position on Catherine Street, Salisbury, Wiltshire.
Salisbury is the only cathedral city in Wiltshire and is the second largest settlement in the county. The city is located in the south-east of Wiltshire, near the Salisbury Plain and benefits from a population of approx. 40,000 according to the 2001 census.
It sits at the confluence of five rivers, the Nadder, Ebble, Wylye and Bourne are tributary to the River Avon, which flows to the south coast.
Salisbury Railway Station serves the city and is the crossing point between the West of England Main Line and the Wessex Main Line, making it a regional interchange.
Salisbury offers four shopping centres and holds a market twice a week along with having numerous schools and a racecourse.
Stonehenge, which is a UNESCO World Heritage Site is about 8 miles northwest of the city.


THE PROPERTY
This high turnover and well established city centre inn is of brick construction, under a pitched, tiled roof, occupying an excellent central corner position in the heart of this desirable city.

The Open Plan Lounge Bar & Dining Area (circa 100) has a mix of flagstone, wood and carpeted flooring, large bar server, beamed ceilings, feature fireplaces and exposed brick walls.

The Conservatory Style Dining Area (circa 20) is to the rear of the building and offers flagstone floors.

The Upstairs Function Room (circa 50) benefits from its own bar server, carpeted floors and ideal for small parties and meetings.

The Ground Floor Cellar benefits from coolers, python system and lockable bottle store.

Ladies and Gents W.C.'s.

There is a Commercial Catering Kitchen with stainless steel appliances and work surfaces (appliances not tested) with a separate wash up and walk in fridge and freezer.


OWNER'S ACCOMMODATION

The owner's accommodation is situated on the 1st floor and briefly comprises: Three Bedrooms, Lounge, Bathroom, W.C and Kitchen.

EXTERNAL

There is no outdoor space.

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 - Thursday 11am - Midnight
Fri - Sat 11am - 1am

Current opening hours are:

Mon - Tues 11am - 10pm
Wed - Sat 11am - 11pm
Sunday Midday - 10pm

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 4 years remaining of the Enterprise Inns' full repairing 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 51,200 with the next rent review not due until November 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). Business rates are advised as currently being circa 26,600 payable per annum.

THE BUSINESS

The current owners purchased the business earlier this year in this well established business that benefits from a strong reputation in the city for high standards of food and drink. Due to unforeseen circumstances our vendors are having to cut their long term plans short offering a superb opportunity for new operators.
We are informed that the turnover for year ending 03/15 is 693,092 (inc vat) on a trade split of 45% wet and 55% 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.




Energy Performance Certificates (EPCs)

Nearest station

  • Salisbury (0.6 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 station

  • Salisbury (0.6 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 7835. 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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