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2 bedroom pub for sale

DEVON

£235,000

Property Description

Key features

  • Excellent location in the heart of The Barbican waterfront development, close to the harbours.
  • Traditional One Bar Trading Area (circa 40) offering slate tiled flooring, bar servery, beamed ceilings, darts throw, t.v & machines.
  • Well presented 1/2 Bedroom Living Accommodation.
  • Freehold opportunity within a sought after area of Plymouth.
  • Ground Floor Cellar.
  • First time on the market for 21 years!
  • Advised turnover for year ending May 2015 is circa £117,000 (inc vat) on a 100% wet trade basis & achieving a recon net profit of approx. £30,000.

Full description

Tenure: Freehold

REF: 7640 FREEHOLD


QUAINT FREEHOLD INN SITUATED WITHIN THE POPULAR ‘BARBICAN’ AREA OF PLYMOUTH, DEVON

LOCATION

This traditional and quaint Freehold Inn is situated on Commercial Street, just around the corner from the ‘Barbican and Sutton Harbour’ area of Plymouth, Devon.
‘The Barbican’ is the name given to the western and northern sides of the old harbour area of Plymouth. It is one of the few parts of the city to escape most of the destruction of The Blitz during the 2nd World War.
The historic Barbican and Sutton Harbour are the heart of the city’s heritage with the oldest buildings and the greatest number of historical stories. There are cobbled streets, narrow lanes and more than 200 listed buildings. The world famous Plymouth Gin Distillery and Plymouth Fisheries are close by, the fisheries is the 2nd largest fish market in England and plays a crucial role in the South West’s economy.

THE PROPERTY

This traditional inn is of local stone construction, under a pitched, tiled roof, occupying an excellent prominent corner position within the ‘Barbican’ district of Plymouth.

The Single Bar Trading Area (circa 40) is a quaint and traditional room that benefits from slate tiled flooring, bar servery, t.v, darts throw, machines and beamed ceilings. This room is home to a darts team.

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

Ladies and Gents W.C.’s.

OWNER’S ACCOMMODATION

The owner’s accommodation is situated on the 1st floor and briefly comprises: 1 Double Bedroom, Lounge with fireplace, Fitted Kitchen-Diner and Bathroom.

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:

7 days per week 11am – 11pm

Current opening hours are:

7 days per week 11am – 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.

GENERAL REMARKS

The business and property is being offered for sale freehold (although we have not seen sight of the title deeds).
We are advised that the inn benefits from all mains services with Gas Heated Central Heating (no services seen or tested). Business rates are advised as currently being circa £1,500 per annum.

THE BUSINESS

The current owner purchased the property 21 years ago and is offering the property to the market as a retirement sale offering an excellent opportunity for new operators to acquire an ‘easy to run’ licensed business within a desirable area of Plymouth.
The property is presented well both upstairs and downstairs and is an ideal starter business.
We are advised that the turnover for year ending May 2015 is circa £117,000 (inc vat) on a 100% wet trade basis and achieving a recon net profit of approx. £30,000.

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.


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