7 bedroom pub for sale

DORSET

£89,950

Property Description

Full description

Tenure: Leasehold

Ref 7783 LEASEHOLD

RECENTLY REFURBISHED SEAFRONT INN AND RESTAURANT WITH LETTING BEDROOMS SUPERBLY POSITIONED IN PORTLAND BILL, ON THE ISLE OF PORTLAND, DORSET, OFFERING STUNNING SEAVIEWS


Wonderfully positioned at Portland Bill on the stunning resort of the Island of Portland, Dorset.

Nautical Themed Restaurant (circa 50) offering carpeted floors, beams and lovely sea views.

Lounge Bar/Dining Area (circa 40) with wood floors, bar server, log burner and sea views.

Substantial Function Room (62 seated) with carvery units and carpeted flooring.

3 Recently Created En-Suite Letting Bedrooms.

4 Bed Living Accommodation.

Large Car Park & Commercial Catering Kitchen.

Splendid Patio Terrace Area (circa 100) offering stunning views over the sea and lighthouse.

We are advised turnover for y/e 04/16 is circa 350,000 (inc VAT) with a trade split of 35% wet and 65% food with considerable scope now that the letting bedrooms have been introduced.

3 yrs remaining on a 'renewable' Enterprise Inns' lease with a rent of only 34,000 per annum.


STUNNING COASTAL INN OFFERING LOVELY VIEWS WITHIN DORSET


LOCATION
This recently refurbished seafront Inn & Restaurant with Letting Bedrooms is located in the most southerly point of Dorset, the ever popular Portland Bill.
The Isle of Portland is a highly desirable peninsula 4 miles long in the English Channel. Portland is 5 miles south of Weymouth, forming the southernmost part of Dorset. A barrier beach over which runs the A354 road connects the island to the mainland. Chesil Beach also connects Portland to the mainland and is very popular in the summer months.
Portland and Weymouth form its own borough and Portland has a population of just over 12,000 residents which is hugely inflated during the summer.
The island is a central part of the Jurassic Coast, a World Heritage Site on the Dorset and east Devon coast, important for its geology and landforms.
Portland Harbour is one of the largest man-made harbours in the world.


THE PROPERTY
This lovely Inn & Restaurant is a detached property of Portland Stone construction, under a tiled roof, occupying an excellent prominent seafront position at Portland Bill, on the Isle of Portland.

The Lounge Bar/Dining Area (circa 40) is a refurbished room benefitting from wood flooring, bar servery, beams, dual fuel log burner and lovely sea views.

The Restaurant (circa 50) is a 'nautical themed' room offering carpeted floors, beams, wood panelling and sea views.

The Function Room (62 seated) is a spacious and self-contained room being utilised as a lucrative function facility as well as an extension to the restaurant. The room has 2 carvery units, carpets and sea views.

All trading areas are being offered in excellent condition.

The Ground Floor Cellar benefits from coolers, python system and storage along with a lockable bottle store.

Ladies and Gents W.C.'s.

There is a Commercial Catering Kitchen with stainless steel appliances and work surfaces (appliances not tested) along with a separate wash up area and Walk In Fridge & Freezer.


OWNER'S ACCOMMODATION
The owner's accommodation is situated on the 1st floor and briefly comprises: 3 Double Bedrooms (1 en-suite), Single Bedroom, Lounge and Bathroom.

LETTING ACCOMMODATION
Located on the Ground Floor are Three Double/Twin En-Suite Letting Bedrooms that are currently being finished and will be a fantastic addition to this already thriving business.

EXTERNAL
To the front of the property is a stunning Patio Terrace Area (circa 100) offering beautiful sea views in an enviable location. To the side of the property is a Lawned Garden with Children's Play Area.
To the front and rear of the building is extensive car parking for 60 cars and room for coach parking.

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 10am - 2am

Current opening hours are:

Mon - Fri 11.30am - 4pm/6pm - 10pm
Sat - Sun 11.30am - 10pm

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 3 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 soft drinks. We are informed that the rent is 34,000 and fixed until 2019. 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 LPG, Oil Heating and all other mains services (no services seen or tested). Business rates are advised as currently being 13,800 payable per annum.

THE BUSINESS
The current owner purchased the business in Jan 2014 and are offering the property in excellent decorative condition throughout all areas.
Our vendor has given the property a full refurbishment inside and out. Unfortunately due to family commitments our vendor is having to cut her long term plans short, giving an ideal opportunity for new operators to take over this well presented and thriving business.
The business is located on the lovely Isle of Portland offering a lovely 'quality of life' along the South Coast.
We are advised that the turnover for year ending 04/16 is circa 350,000 (inc VAT) with a trade split of 35% wet and 65% 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)

Nearest station

  • Weymouth (6.8 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

  • Weymouth (6.8 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 7783. 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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