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4 bedroom pub for sale

WARWICKSHIRE

Sold STC £35,000

Property Description

Key features

  • Superb location, surrounded by residential housing within this ever popular Warwickshire town.
  • Lounge Bar (circa 40) offering carpeted flooring, bar server, beams and wood panelling.
  • Public Bar (circa 30) benefits from a pool table, bar server, carpets and darts throw.
  • Pleasant Patio & Lawned Beer Garden for 30 customers along with covered wooden decking area.
  • Well presented 4 Bedroom Living Accommodation.
  • Commercial Catering Kitchen & Large Car Park.
  • Advised turnover for year ending 03/15 is circa 148,075 (inc VAT).
  • Trade split of 99% wet and 1% food, huge potential to introduce food.
  • 7 yrs left on a partially tied renewable Vanguard style lease with a rent of 28k.

Full description

Tenure: Leasehold

REF 7764 LEASEHOLD

EASY TO RUN LICENSED BUSINESS WITH AN ESTABLISHED TRADE AND HUGE SCOPE TO INTRODUCE A CATERING OFFERING

LOCATION
This traditional leasehold Inn is prominently located on Emscote Road, Warwick, Warwickshire, surrounded by residential housing, shops and offices.
Warwick is the county town of Warwickshire. The town lies upon the River Avon, 11 miles south of Coventry and just west of Leamington Spa.
As of the 2001 census, Warwick had a population of 23,350.
This historic town attracts many visitors with its famous Warwick Castle, established in 1068 and the Racecourse.
Warwick School claims to be the oldest boy's school in the country.
This thriving town is home to many companies due to its close proximity to north-south and east-west motorway routes.

THE PROPERTY
This traditional inn is an attractive and impressive 2-storey property of brick construction under a pitched, tiled roof occupying a superb and prominent corner position.

The Lounge Bar (circa 40) is a traditional bar area offering carpeted flooring, bar server, beamed ceilings, wood panelling and good quality furnishings.

The Public Bar (circa 30) is home to two pool teams, a darts team and a crib team. The room offers a bar server, pool table, darts throw and a mix of carpeted and wood flooring.

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

Ladies and Gents W.C.'s.

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

OWNER'S ACCOMMODATION
The owner's accommodation is situated on the first floor and briefly comprises: Three Double Bedrooms (one en-suite), Single Bedroom, Lounge and Bathroom.

EXTERNAL
To the rear of the building is an enclosed Patio & Lawned Beer Garden offering seating for approx 30 customers.
Also to the rear of the building is a partially covered wooden decked structure as the smoking solution and offers seating for approx. 20.
There is also a Car Park for 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:

7 days per week 11am - Midnight

Current opening hours are:

Mon - Thurs 2pm - Midnight
Fri - Sun Midday - Midnight

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 Vanguard/Punch Taverns' full repairing and insuring, renewable agreement. We are advised that the business is free of tie for wines, spirits, ciders and soft drinks along with one guest ale. We are informed that the rent is currently 28,000 with the next rent review due in 2018. 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 free of charge.

THE BUSINESS
The current owner purchased the business in 1991 and are offering the property in excellent condition throughout as well as having an established and reliable clientele.
Our client has enjoyed many years within this business.
Our vendor is offering this excellently located business to the market due to retirement and giving a fantastic opportunity to new lessees to exploit the potential that this well located property clearly has.
We are advised the turnover for year ending 03/15 is circa 148,000 (inc VAT) with a trade split of 99% wet and 1% food.
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.



Energy Performance Certificates (EPCs)

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