3 bedroom pub for sale

LINCOLNSHIRE

£295,000

Property Description

Key features

  • Located on a large plot in the picturesque Lincolnshire village of Minting and equidistant 8 miles from Horncastle, Woodhall Spa, Wragby & Bardney.
  • Traditional Bar (circa 20+ plus standing) with open log fore, attractive floor and coffee prep. area.
  • Snug areas (circa 20+ covers) with exposed wooden beams, exposed brickwork and a feature range.
  • Dining Room (42 covers) with oak floor and exposed wooden ceiling and wall beams. A multi-use room.
  • Highly desirable Self-Contained stand-alone barn conversion Holiday Cottage.
  • Fully equipped Commercial Catering Kitchen with 5 Star EHO rating, walk in fridge and storage area.
  • Attractive flagstone Al Fresco patio and grassed Garden Area with lovely surrounding borders : Good sized Patrons Car Park.
  • 2 bedroom Owners Accommodation with areas of exposed wooden beams.
  • Advised turnover circa 118,000 (incl. VAT) to year end May 2016 (limited opening/lifestyle choice).
  • Trade 65% food ; 35% wet sales.

Full description

Tenure: Freehold

REF: 7763 FREEHOLD

A FANTASTIC OPPORTUNITY TO PURCHASE A SPACIOUS TRADITIONAL FREEHOLD INN & RESTAURANT OFFERING UNTAPPED POTENTIAL

LOCATION
This desirable unopposed Inn and restaurant is located in the picturesque Lincolnshire village of Minting. The area is frequented by ramblers and walkers year round. Minting is an equidistant 8 miles from the market town of Horncastle, the Lincolnshire Wolds village of Woodhall Spa and also Bardney and Wragby. The village has a church, a licensed village hall and this attractive inn however schools, shops and amenities are all in easy reach. Local points of interest include the old fashioned movie theatre Kinema in the Woods, the Battle of Britain Memorial Flight Centre and the family attraction of Rand Farm Park. The historic cathedral city of Lincoln is only 15 miles drive away. The local road network is very good and the property sits just off the main A158 that runs from Lincoln to Skegness (27 miles away). The A15, A46 and other 'A'roads are close by.

THE PROPERTY
This lovely inn and restaurant is of brick construction with parts believed to date back to the 16th Century. The property sits under a pitched, pan tiled roof with entrances to the front that provide access to all trading areas consisting of:

Bar Area (circa 20+ plus standing) is a traditional room with a warm and welcoming atmosphere. The room has loose tables, chairs, tubs and a leather settee all sitting on an attractive slate tiled floor with areas of mosaic cobbles. Local photos adorn the walls complimented by an array of cask ale pump clips that the business has previously provided. To one side is an open fireplace and there is also a wooden bar server offering 2 cask ales and coffee prep area leading off to the rear.

Snugs (circa 20 covers) are two characterful inter-linked rooms with loose tables and attractive upholstered dining chairs sitting on a fully carpeted floor. Exposed wooden beams to the ceiling are complimented by areas of exposed brickwork. To one end of the room is a feature range while to the other is an open log fire both set in attractive exposed brick surrounds.

Dining Room/Multi-use Room/Function Room (circa 42+ covers + standing where necessary) is a charming and desirable room that is of multi-use. Loose tables and attractive upholstered dining chairs are able to be laid out as required to suit the occasion. Predominantly used as a dining room this area can also be used to host meetings, weddings or functions. The room has exposed wooden wall and ceiling beams complimented by an attractive solid oak floor.
Ladies & Gents WC's.

There is a good sized fully-equipped Commercial Catering Kitchen with 5* EHO rating and

stainless steel appliances and surfaces (appliances not tested). A prep area, wash up and dry goods store lead off. There is also a large fridge/freezer storage area with a walk in fridge.
Small ground floor Beer Cellar with python, pumps, and remote etc.

OWNER'S ACCOMMODATION
The owner's accommodation is situated on the 1st floor and briefly consists of 2 double bedrooms, lounge and bathroom with shower. There is also a separately accessed 1st floor office that was the original coachman's room. On the ground floor is a small domestic kitchen area and laundry room.

LETTING ACCOMMODATION
To the side of the property is a highly desirable self-contained stand-alone fully fitted Holiday Cottage. This fabulous brick-built former barn has central heating throughout and consists of: 1 double bedroom, a spacious lounge with a central exposed wooden joist and sofa bed, kitchen area and shower room. The cottage has private access and parking spaces to the side. This cottage is under-used by the owners and provides immense opportunity to increase the turnover of the business whilst achieving excellent profit margins.

EXTERNAL
To the front of the property is a spacious flagstone Al Fresco patio and grassed Garden Area with wooden picnic benches (circa 30+ covers). Colourful shrubbery and even a banana tree make this a pleasant and enjoyable area to sit and admire the Lincolnshire countryside. Also to the front is the patron's gravel Car Park with spaces for circa 20 cars.

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 - Sat 11am to 1.30am
Sunday 11am to 12.30am

Current opening hours are:

This business is currently closed.

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). We are advised that all mains services are connected (no services tested) and the property has an oil fired central heating system (plus log fires throughout) and uses Calor gas for cooking. Business rates payable are advised as being circa 1,600 per annum to include all relevant reliefs.

THE BUSINESS

The current owners purchased the business in 2011 and straight away established a steady trading foundation and enviable lifestyle offering quality, locally sourced and home cooked food in a relaxed and comfortable environment. Being a previous Lincolnshire Life and Lincolnshire Pride award winner also resulted in excellent reviews on Trip Advisor. The business is currently closed and not trading through personal choice and the owners are now looking to sell this freehold property in order to take life at a more leisurely pace. We are advised that accounts declare takings of circa 118,000 (incl. vat) year-end May 2016 with a trade split of 65% Food 35% Wet sales. New operators could immediately re-open the business using the same previous trading formula or may wish to take the business to a higher level by taking advantage of marketing the self-contained holiday cottage that is currently not advertised nationally. In our opinion this property may also be suitable for alternative use (STPP).

See further: www.thesebastopol.com

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

  • Metheringham (10.2 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

  • Metheringham (10.2 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 7763. 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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