3 bedroom pub for sale

SURREY

£49,950

Property Description

Key features

  • Substantial community inn situated in the densely populated location of New Addington.
  • Inviting Public Bar (circa 40) and a versatile and multi-functional Lounge Bar (circa 70+).
  • Impressive 3 bedroomed family accommodation.
  • Advised current turnover circa 156,000 (incl. VAT).
  • Trade derived from 100% wet sales. undoubted potential for a catering/events orientated operator partnership.
  • Wellington Pub Company 'FREE OF TIE' renewable lease.
  • IDEAL FIRST TIME BUY FOR NEWCOMERS TO THE TRADE

Full description

Tenure: Leasehold

REF 7785 LEASEHOLD

AN EXCELLENT OPPORTUNITY TO ACQUIRE A SOLID AND WELL ESTABLISHED BUSINESS AND FAMILY HOME OFFERING IMMENSE GROWTH POTENTIAL

LOCATION
This substantial property and business is situated in the densely populated are of New Addington and can be easily reached from junction 6 of the M25 motorway.
Situated within the commuter belt being approximately ONLY 15 miles from the capital city of London and also having excellent road communications providing easy access to the M23, M3, M4, M20, M40 and M1 motorways making this superb location an extremely popular commuter area for the major motorways and the major international airports of Gatwick and Heathrow.
This superb community inn is a popular venue with good levels of trade all year round and is ideally situated to draw trade from New Addington and also attracts a desirable clientele emanating from the nearby surrounding towns, villages and larger catchment areas and is well serviced by local schools, shops and amenities.
A compelling business opportunity.

THE PROPERTY
This popular community inn is a substantial 2 storey property occupying an excellent and extremely busy trading position.

Main entrance at the front leading into the lobby with access in to the Public Bar.

Public Bar (circa 40) is a good sized bright and airy welcoming room having a feature return bar servery with a solid polished counter and a mirrored back fitting with trade optics and refrigerated bottle coolers (not tested) which is complemented by loose polished tables, upholstered perimeter seating, upholstered chairs and bar stools.
There is also a dumb waiter to the first floor kitchen.
Access to the W.C's and the Lounge Bar.

Lounge Bar (circa 70+ covers) is a versatile and multi-functional room (ideal for wakes, private parties and functions etc) exuding an inviting and comfortable ambience.
There is a return bar servery with a solid polished counter and a mirrored back fitting with trade optics and refrigerated bottle coolers (not tested). The room is furnished with loose polished tables, fixed upholstered perimeter seating, upholstered chairs, upholstered stools and bar stools.
There is also a raised stage area and a dance floor.

Ground Floor Cellar with delivery access, pumps, pythons x3 and cooler. Bottle Sore

Ladies, Gents and Disabled W.C.'s.

OWNER'S ACCOMMODATION
Situated on the 1st floor, being of a good size and presented in good order, briefly comprises: 3 bedrooms, fitted kitchen, lounge and shower room.

EXTERNAL
There is a covered outside seating area at the front with timber benches/seating. Free on street parking facilities.

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:
Monday - Saturday - 11.00am - 11.00pm
Sunday - 11.00am - 10.30pm
The current opening hours are as above.

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 1 year remaining of the original Wellington Pub Company full repairing and insuring, renewable agreement. We are advised that the inn is FREE OF TIE. We are informed that the rent is currently 34,500 per annum. 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 and uses gas fired heating (no services seen or tested). Business rates payable are advised as currently being circa 18,000 per annum.

THE BUSINESS
Our vendor clients operate this excellent business as a 'husband and wife' team on a full time and part time basis respectively with the assistance of 3 part time members of staff.

Trade is currently derived from 100% wet sales, thereby offering immense scope for a new hands-on owner operator partnership to emulate the current operating model but at the same time to take this business to even greater heights by introducing a decent food offering and by also focussing on a strategic marketing campaign to promote the premises for functions, private parties and wakes etc.
This is an exciting opportunity for those seeking a lifestyle change or an alternative career from the stress and strife of the City or even as an additional income stream whilst commuting. Advised current turnover is circa 156,000 (incl. VAT).

This delightful inn is a well-established and successful business and in our opinion with the above areas of potential we would quite easily expect a fully focussed and fully committed full time hands-on operator to achieve a turnover well in excess of 250,000 (incl. VAT).

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

This business was viewed by Martin McConnell who would be delighted to discuss further details and can be contacted on 07970 213549.

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.


Nearest stations

  • Fieldway (0.3 mi)
  • King Henry's Drive (0.5 mi)
  • New Addington (0.7 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 stations

  • Fieldway (0.3 mi)
  • King Henry's Drive (0.5 mi)
  • New Addington (0.7 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 7785. 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.

Map data OpenStreetMap contributors.