3 bedroom pub for sale

Lincolnshire

£295,000

Property Description

Key features

  • Character Inn located in Hemingby close to Horncastle, Cadwell Park & Woodhall Spa.
  • Lounge Bar (circa 28), Pool area (circa 10) both with exposed wooden ceiling beams & brickwork.
  • Games/Community Room (circa 10) with Pool/Table Tennis table, Village computer facility, Darts throw
  • Dual purpose ground floor Kitchen.
  • 3 Double Bed Owners Accommodation with spacious private grassed Garden area and private access.
  • Lovely enclosed grassed Garden area to the side overlooking the village church & rolling countryside
  • 2 Acre multi use Camping Field to the rear (available by separate negotiation).
  • Advised turnover circa £95,000 (incl.VAT) on reduced trading to end April 2014.
  • Trade split approx 70% Wet sales ; 30% Food sales.
  • Genuine reason for sale. Retirement.

Full description

Tenure: Freehold

7407 FREEHOLD



A VERY RARE OPPORTUNITY TO PURCHASE THIS WONDERFUL FREEHOUSE IN AN AFFLUENT SOUGHT AFTER VILLAGE LOCATION WITH FURTHER POTENTIAL


LOCATION

This charming property is located in the affluent sought after village of Hemingby directly opposite the Grade II listed village church. Hemingby has only a pub, a church & a village hall however is surrounded by other affluent villages divided by beautiful rolling countryside. The village is only 4 miles from the famous market town of Horncastle. Other nearby places of interest include the affluent Lincolnshire Wolds village of Woodall Spa (10 miles), the market town of Louth (11 miles) and the famous historic Cathedral City of Lincoln (19 miles). Hemingby is highly popular with walkers and ramblers all year round and is a sought after camping magnet for Cadwell Park racetrack circuit that is only 6 miles away. The local road networks include the A46, A15, A16 and the A158 East coast road that leads to Skegness (25 miles).

THE PROPERTY

This two storey traditional village inn is packed with character and rustic charm. With an elegant stonewashed front exterior the property is of brick construction and a pitched, tiled roof.

A small quarry tiled entrance porch to the front of the property and a porch area to the side give access to all the trading areas. This consists of:

Lounge / Bar (circa 28 plus standing) is a well presented traditional room, fully carpeted with loose tables, chairs & various perimeter wooden bench pews. Exposed wooden ceiling beams, wood cladded walls, areas of exposed brickwork and local historic photos to the walls add to the ambience & feel of this room. There is an attractive well stocked bar server of brick construction with 4 cask ale hand pulls. There is an open coal fire & a wall mounted HDTV. This leads to:

Pool Area (circa 10 plus standing). This area has loose tables, chairs & stools on a carpeted floor with exposed wooden ceiling beams & areas of exposed brickwork. There is an open coal fire leading through from the Lounge/bar, a Pool table, Darts throw & village book swap storage area.

Games/Community Room (circa 10 plus standing) is a self contained purpose built area that has previously been extended. The room is fully carpeted with high stools & fitted perimeter shelving. There is a Pool Table/Table Tennis Table, Village facility PC, Darts throw & wall mounted HDTV with exposed wooden rafters to the open ceiling.

There is a partially equipped Commercial and Domestic Kitchen, (equipment not tested) with separate prep room & utility/Fridge & Freezer store leading off. There is also a staff WC.

Below ground floor Beer Cellar with cask storage and cellar cooling.

Ladies & Gents WC.

OWNER'S ACCOMMODATION

The owner's accommodation is situated on the ground & first floor & briefly comprises of: 3 double bedrooms, lounge, office/Dining Room & bathroom with separate shower. The owner's accommodation has private access and a spacious grassed garden area with 30' greenhouse.

EXTERNAL

To the side of the property is a well presented grassed garden area with wooden picnic benches (circa 30) & children's play equipment. To the front of the property are a few wooden picnic benches amidst well kept floral troughs & baskets. To the rear is the patron's gravelled car park for approx 25 cars. Also to the rear is a double garage & further storage area. *To the rear of the property is a 2 acre field available to purchase by separate negotiation, lending itself as a regular camping area with permissions for 5 caravans & unlimited camping tents.

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 - Sun 11am to midnight
Current opening hours are:
Mon - Tues 7pm to 11pm
Weds - Sat 12noon to 2.30pm
Weds - Sat 6pm to 11pm
Sun 12noon to 2.30pm
Sun 7pm to 10.30pm

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 property and business is being offered for sale Freehold (although we have not had sight of the title deeds). The property uses Calor for cooking, Oil for heating and all other mains services are connected (no services tested). Business rates payable are advised as currently being circa £nil per annum to include all relevant reliefs.

THE BUSINESS

The current owners purchased the Freehold property in 1993 and have built an excellent reputation as a popular village Inn offering quality home cooked food (including the popular Sunday Roast) & drinks in lovely surroundings. Not only has this business been a regular winner in the Lincolnshire Life/Taste of Lincolnshire awards scheme it has also been listed continuously in the CAMRA Good Beer Guide from 1998 to present. The business is at the centre of the local community providing a village computer facility and a popular book club. It also plays host to 2 darts, 2 dominoes, 1 pool & 1 quiz team. The business is operated by the owners assisted by 4 part time/casual staff members. Our vendor clients have decided that the time is right to retire from the trade & take life at a more leisurely pace. We are advised annual turnover to 30 April 2014 was circa £95,000 (incl. vat) on reduced trading with trade split of 70% wet, and 30% food sales.

New owners could continue to run the business using the same current formula or driving the business forward by exploring the obvious potential & opportunity to introduce a new food offer, extend the opening hours, develop the 2 acre rear camping field (available by separate negotiation) & introduce fresh ideas from their business plan.

Accounting information will be made available to interested parties after viewing.

The property was viewed by Richard Fletcher who would be delighted to discuss further details and can be contacted on 07527 718400.

Viewing appointments must be made via 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

  • Market Rasen (12.0 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

  • Market Rasen (12.0 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 7407. 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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