5 bedroom pub for sale

SUFFOLK

£575,000

Property Description

Full description

Tenure: Freehold

Ref 7852 FREEHOLD

HIGHLY SUCCESSFUL WELL ESTABLISHED AND PROFITABLE FREEHOUSE IN AN EXCELLENT LOCATION IN THE BUSY MARKET TOWN OF SUDBURY, SUFFOLK

Very popular and thriving freehouse and music venue in an enviable location.

Welcoming stylish open plan bar (circa 30-40).

Separate games room with pool table.

Spacious 4 bedroom owner's accommodation with domestic kitchen.

Self contained 1 bedroom apartment.

Commercial kitchen (currently not used).

Large enclosed patio with covered smoking area.

Advised turnover circa 390,205 (incl.VAT) year end July 2015.

100% wet sales.


AN EXCELLENT OPPORTUNITY TO PURCHASE THIS WELL ESTABLISHED AND THRIVING BUSINESS IN A SUPERB POSITION WITH TRUE GROWTH POTENTIAL AND AN ENVIABLE LIFESTYLE


LOCATION
This well appointed freehouse occupies a prominent position just off the town centre of the busy and popular Suffolk market town of Sudbury and can be found on the River Stour off the A134 near the Essex border. Sudbury is an up and coming market town with a population in excess of 22,000 (including the Parish of Great Cornard). Sudbury is famous for being the birth place of the painter Thomas Gainsborough and his statue has pride of place in the market square. Sudbury is a busy and vibrant town with many local industries, shops, cafes, restaurants, takeaways etc. There are also local amenities such as schools, doctors and leisure facilities, bus and train station with a rail link to London. There are several new housing developments planned and with the array of amenities and the enviable location only 60 miles North East of London, Sudbury has become a popular place to reside.

THE PROPERTY is an eye catching three storey building of brick construction under a pitched tile roof and has been well maintained throughout.

The Bar (circa 30-40) is open plan and has been refurbished to a high standard and has a modern stylish atmosphere with wooden flooring with raised stage section, high table and stools, barrel tables and an array of matching tables and chairs, 4 flat screen T.V's, 3 AWP m/c's, feature brick fireplace and sound and light system. There is a fully equipped wooden bar servery with five bottle fridges, coffee machine and a full range of optics etc.

Games Room which is separate to the bar also with wooden flooring, pool table and games m/c.

Ladies & Gents W/C all in good order.

Cellar which is below ground level in three sections and very extensive and has been well maintained.

Catering Facilities there is a fitted commercial kitchen with separate washing up area (currently not used) and would need some upgrading for commercial use.

Owner's Accommodation located on the first and second floor and comprises of 4 double bedrooms, open plan lounge/kitchen, family bathroom and study. There is also a self-contained 1 bedroom flat (currently being used by staff).

External there is an excellent enclosed patio laid to slabs with picnic benches and a superb covered smoking area with deck flooring and outside bar.

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- Thur 10.00am to 11.30pm
Fri/Sat 10.00am to 01.00am
Sun 10.00am to 11.00pm

Current opening hours are:

Mon - Thur Midday to 11.30pm
Fri/Sat Midday to 01.00am
Sun Midday to 11.00pm

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 property and business is being offered for sale freehold (although we have not had sight of the title deeds) or as a new highly favourable 15 year Private FRI Lease Agreement as follows:
1. The asking premium will be 69,500
2. The initial annual rent will be 45,000
3. The annual rental is simply RPI linked to inflation every 3 years, hence no rent reviews
4. Rent payable quarterly in advance
5. Lease re-assignable after initial 2 year period
6. Free of all brewery and supply ties
7. Each party responsible for own legal costs relating to the transaction

We are advised that at the end of 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 (services not tested).
Business rates we are advised as being 7,200 per annum.

THE BUSINESS
Our vendor clients brought the business 18 years ago and in which time they built up an excellent wet trade from the local community and the surrounding area and has a good reputation for a well run establishment specialising in live music and is now recognised as a well established music venue. Due to its excellent location and its welcoming traditional atmosphere this establishment is not only a popular music venue but has also become the hub of the community.
We are advised that accounts declare takings of circa 390,205 (Inc. VAT) for year ending July 2015.

The business is currently being run by the owner fulltime, 2 fulltime and 4 part-time staff and due to family commitments our vendor clients have decided that they wish to sell the business. There is huge potential for new owner operators to move this business to its next level by continuing with the live music, upgrading the commercial kitchen and to start offering good quality pub grub all day and supper on music nights.

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

The property was viewed by Geoff Bryan who would be delighted to discuss further details and can be contacted on 07887 571720

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.




Nearest stations

  • Sudbury (0.4 mi)
  • Bures (5.1 mi)
Distances are straight line measurements from centre of postcode

To view this property or request more details, contact:

Guy Simmonds Business Transfers Limited , National Licensed Property

Coppice Farm, Ashby Road Melbourne, DE73 8BJ

01332 448136 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

  • Sudbury (0.4 mi)
  • Bures (5.1 mi)
Distances are straight line measurements from centre of postcode

To view this property or request more details, contact:

Guy Simmonds Business Transfers Limited , National Licensed Property

Coppice Farm, Ashby Road Melbourne, DE73 8BJ

01332 448136 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 7852F. 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 Business Transfers Limited , National Licensed Property. 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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