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2 bedroom pub for sale

WARWICKSHIRE

Sold STC £20,000

Property Description

Key features

  • Superbly positioned in the desirable Old Town of Stratford Upon Avon, within easy reach of the town.
  • Delightfully relaxed Lounge Bar/Dining Area (circa 50) offering a bar server, wood floors and nice décor.
  • Well presented Public Bar (circa 50) with carpeted floors, bar server, pool table and darts throw.
  • Spacious 2 Bedroom Self Contained Apartment.
  • Excellently equipped small shop area for essentials.
  • Lovely Rear Patio Terrace Area (circa 50-60).
  • Commercial Catering Kitchen.
  • We are advised turnover for y/e 12/14 is circa £320,000 (inc vat) with a trade split of 55% wet, 30% food % 15% shop.
  • 7 yrs remaining on an Enterprise Inns lease.
  • PRICED TO SELL

Full description

Tenure: Leasehold

Ref 7694 LEASEHOLD

BEAUTIFUL AND PROFITABLE INN LOCATED IN A HIGHLY SOUGHT AFTER AREA

LOCATION
This stunning, profitable and unique Inn, Restaurant and Shop is located on Bull Street, Stratford upon Avon, Warwickshire.
Stratford Upon Avon is a beautiful medieval market town in Warwickshire, sitting on the banks of the River Avon.
The town is located just off the M40 motorway, 22 miles south east of Birmingham and 8 miles south west of Warwick along with being on the edge of the Cotswolds.
The town is an extremely popular tourist destination owing to its status as birthplace of English playwright and poet William Shakespeare, and receives an estimated 5 million visitors a year. The River Avon runs through the centre of the town and many of the towns attractions sit on the banks including the world famous Royal Shakespeare Theatre.


THE PROPERTY
This thriving and profitable Inn is a lovely property of brick construction, under a pitched, tiled roof, occupying an excellent position on Bull Street, Stratford Upon Avon, Warwickshire.

The Lounge Bar/Dining Area (circa 50) is a lovely inviting room with a central bar server greeting the customers as they enter. The room offers a mix of wood and carpeted flooring and quality furnishings.

The Public Bar (circa 50) is very much in keeping with the Lounge Bar with carpeted floors, bar server and excellent furnishings. This room offers a pool table and darts throw for the regulars.

The Small Shop Area is located to the right as you walk in the building and shares the same entrance. The shop is for essentials including newspapers, milk etc and is well equipped for the local community. The owners are currently utilising a small area of the pub as a community shop although it could easily be returned to a quaint snug area.

The Lower Ground Floor Cellar benefits from coolers, python system and storage.

Ladies and Gents W.C.'s.

There is a large commercial catering kitchen with stainless steel appliances and work surfaces (appliances not tested) with a separate wash.

OWNER'S ACCOMMODATION
The owner's accommodation is situated on the 1st floor and briefly comprises: Two Double Bedrooms, Lounge, Storage/Utility, Office, Bathroom and separate W.C.

EXTERNAL
To the rear of the property is a Patio Terrace Area offering seating for approximately 50-60 people and benefits from direct access into the trading areas and is a fabulous suntrap during the summer months.

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 - Midnight

Current opening hours are:

Mon - Sat 11.30am - 11pm
Sunday Midday - 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 business is offered for sale as a lease assignment with approximately 7 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 one guest ale. We are informed that the rent is currently £35,000 with the next rent review due in 2017. 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 £11,000 payable per annum.

THE BUSINESS
The current owners purchased the business in 2008 and are offering the property in excellent decorative condition throughout after a full refurbishment 2/3 years ago.
Our vendor has built up a strong trading foundation over the last few years and has an excellent reputation in the local area. Our vendors are looking to offer this successful business to the market in a very healthy position, yet still offering further scope to increase trade.
We are advised that the turnover for year ending 12/14 is circa £320,000 (inc vat) with a trade split of 55% wet, 30% food & 15% shop.
This property offers a wonderful opportunity to have a lovely quality of life within a desirable market town.
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.



Map & Street View

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