3 bedroom pub for sale

SURREY

£89,950

Property Description

Full description

Tenure: Leasehold

Ref 7794 LEASEHOLD

A HIGHLY IMPRESSIVE AND EXCEPTIONAL 19th CENTURY TRADITIONAL INN OFFERED ON A 'FREE OF TIE' RENEWABLE LEASE, SITUATED IN THE HIGHLY DESIRABLE AND AFFLUENT VILLAGE OF BAGSHOT, SURREY


Traditional and imposing village inn situated in the prime location of Bagshot.

Welcoming Public Bar (circa 40+), cosy and intimate Dining Room (circa 20 covers) and a versatile and multi-functional Restaurant (circa 40+ covers).

Good sized 3 bedroomed family accommodation.

Newly fitted fully equipped Commercial Catering Kitchen.

Refurbished and modernised throughout with no expense spared yet retaining a wealth of charm and character with a feature through fireplace, beamed ceilings and timber pillars prevalent throughout.

Beer Garden and Car Park for circa 50+ cars.

Advised current turnover circa 260,000 (incl. VAT).

Trade split circa 55% wet and 45% food sales. Immense potential for catering orientated operators.

Stankerr Estates 'FREE OF TIE' renewable lease with approximately 15 years remaining.

A TRULY AMAZING OPPORTUNITY TO ACQUIRE AN ESTABLISHED AND SUCCESSFUL LIFESTYLE BUSINESS AND HOME OFFERING TREMENDOUS GROWTH POTENTIAL



LOCATION
This outstanding business is located in the highly desirable and historic town of Bagshot, in the delightful county of Surrey and can be easily reached from junction 3 of the M3. Situated in the heart of the commuter belt being circa 25 miles from London and also having excellent road communications providing easy access to the M25, M4, M40, M23 and M1 motorways making this superb location an extremely popular commuter area for the major motorways and the major international airports of Heathrow and Gatwick. Bagshot is also situated close to Camberley, Guildford, Farnham, Basingstoke and Farnborough making this traditional community inn ideally situated to draw trade from the nearby surrounding towns and villages and has an excellent level of passing and repeat trade.

THE PROPERTY
This substantial and impressive 19th century inn occupies an excellent prominent and easy accessible main road trading position.
Main entrance at the front leading into the lobby with access into the Public Bar.

Public Bar (circa 40+) is a traditional room exuding a lovely welcoming and inviting ambience. There is a feature central return bar servery with a solid polished oak counter having a matching mirrored back fitting with shelving and refrigerated bottle coolers (not tested). The room is furnished with a range of solid polished tables, upholstered bay window seating and upholstered bar stools. Adding to the charm and character of the room is the delightful through open fireplace with a lovely inset coal effect gas fire, the beamed ceiling and timber pillars. Access through to the Restaurant and the Dining Room.
Dining Room (circa 20 covers) exuding a wonderful cosy and intimate dining ambience and is furnished with a range of solid polished tables and upholstered chairs. The room has a lovely Karndean floor and double opening doors onto the front seating area.
Restaurant (circa 40+ covers) is a versatile and multi-functional room ideal for private functions and meetings etc. There is a brick built return bar servery and the room is well furnished with an excellent range of solid polished tables, leather upholstered perimeter seating and leather booth style seating and upholstered chairs. There is also a vaulted ceiling, Karndean flooring and lovely exposed brick walling. Access to its own W.C's.

Catering facilities include a newly fitted fully equipped commercial Kitchen with stainless steel appliances and preparation surfaces (appliances not tested). There is a wash-up room and access to a covered dry store/freezer store.

Lower Ground Floor Cellar with dray drop, pumps, pythons x2, post mix and cooler.

Ladies and Gents W.C.'s

OWNER'S ACCOMMODATION
Situated on the 1st floor, being of a good size and briefly comprises: 3 bedrooms, lounge and bathroom.

EXTERNAL
There is a Beer Garden at the rear having a paved terraced area with timber picnic benches (circa 50+). There is also a covered brick built barbeque and seating area. There is also a seating/drinking area at the front with timber picnic benches (circa 40). Newly laid tarmacadam parking facilities for circa 50+ 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:

Monday - Thursday - 07.00am - Midnight
Friday & Saturday - 07.00am - 01.00am
Sunday - 07.00am - 11.00pm

The current opening hours are as follows:

Monday - Friday - 5.00pm - 11.00pm
Saturday - Midday - 11.00pm
Sunday - Midday - 7.00pm

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 15 years remaining of the Stankerr Estates full repairing and insuring, renewable agreement. We are advised that the inn is 'FREE OF TIE'. We are informed that the rent is currently 32,000 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 central heating (no services seen or tested). Business rates are advised as being circa 6,300 per annum.

THE BUSINESS
Our vendor client operates this excellent business as a 'sole trader' on a full time basis with the assistance of 1 part time member of staff. Trade is currently derived from approximately 55% wet sales and 45% food sales. Whilst emulating the current business model; there is still immense potential for a new full time hands-on owner operator partnership with previous experience of running a food orientated operation to take the business to the next level by exploiting the obvious food potential that is to be found here. There are many additional areas of potential to increase sales and profitability by implementing a strategic marketing campaign to utilise the premises for private parties, wakes and functions etc. which will assuredly have a direct positive effect on the turnover and profits. Advised current sales are circa 260,000 (incl. VAT). This extremely popular inn is a well-established and successful business and in our opinion with the above areas of potential we would quite easily expect fully focussed and fully committed operators to achieve a turnover well in excess of 350,000 (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.



Energy Performance Certificates (EPCs)

Nearest stations

  • Bagshot (0.7 mi)
  • Camberley (2.4 mi)
  • Frimley (3.6 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

  • Bagshot (0.7 mi)
  • Camberley (2.4 mi)
  • Frimley (3.6 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 7794. 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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