5 bedroom pub for sale

NORTH DEVON

£49,950

Property Description

Full description

Tenure: Leasehold

REF:7827 LEASEHOLD



PROMINENTLY POSITIONED AND BUSY WET LED TOWN CENTRE PUBLIC HOUSE WITH LETTING BEDROOMS LOCATED WITHIN THE NORTH DEVON TOWN OF BARNSTAPLE

Prominently positioned wet led business set in the heart of this thriving holiday hotspot.

Open Plan Lounge Bar/Public Bar (circa 80) offering solid wood floors, feature fireplace, large bar servery area, plasma screens and darts throw.

Games Area (circa 40) benefitting from a pool table, plasma screen, leather sofas and wood floors.

3 Letting Bedrooms.

1/2 Bed Living Accommodation.

Excellent Roof Terrace Beer Garden (circa 60).

4 Darts Teams, 2 Pool Teams and a Skittles Team.

Advised turnover for y/e 10/15 is 355,953 (inc vat) with a trade split of 90% wet and 10% dry.
15 yrs remaining of a Whitbread lease with a rent of 29k.

Genuine Retirement Sale.


AN OPPORTUNITY TO ACQUIRE A BUSY TOWN CENTRE INN

LOCATION

This busy business is located on Boutport Rd, in the heart of Barnstaple, Devon.
Barnstaple is the main town in North Devon, and possibly the oldest borough in the United Kingdom. It is a former river-port, located at the lowest crossing point of the River Taw, flowing into the Bristol Channel.
The town lies 68 miles from Bristol, 50 miles north of Plymouth and 34 miles northwest of Exeter within the highly popular holiday area of North Devon.
The town is on the estuary, about 7 miles inland of Bideford Bay and to the north of the town the River Yeo meets the River Taw and rises to Berry Down, near Combe Martin.
The town has a population of approx. 25,000 residents.

THE PROPERTY

This Town Centre Public House is of brick construction, with partial rendering, under a pitched, tiled roof, occupying a very prominent corner position in the heart of Barnstaple, North Devon.

The Open Plan Public Bar/Lounge Bar (circa 80) is a modern looking room offering a mix of solid wood and tiled flooring, large bar servery area, plasma screens, darts throw and feature fireplace.

The Games Room (circa 40) is home to various pub teams and offers solid wood flooring, pool table, darts throw, leather sofas and a plasma screen.

The business is home to a Skittles Team, 2 Pool Teams, 4 Darts Teams, Discos, Live Bands and Karaoke.

Ladies and Gents W.C.'s.

There is a Commercial Catering Kitchen with stainless steel appliances (not tested) and work surfaces along with a separate wash up area and dry store.

The Ground Floor Cellar benefits from a cellar cooling and python system.

OWNER'S ACCOMMODATION

The owner's accommodation is situated on the 1st floor and briefly comprises: Double Bedroom, Lounge/Bedroom and Bathroom.

LETTING BEDROOMS

Located on the 1st Floor are Three Letting Bedrooms, an En-Suite Family Room, Double Room and a Single Bedroom with a further W.C and Shower Room.

EXTERNAL

To the rear of the property is an excellent Roof Patio Terrace Area with seating for approx. 60 customers along with a Smoking Solution.

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 9am - Midnight

Current opening hours are:

Mon - Sat 11am - Midnight
Sunday 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 15 years remaining of the Whitbread full repairing and insuring, renewable agreement. We are advised that the inn is free of tie for wines, spirits, minerals and 1 draught cider. We are informed that the rent is currently 29,000 per annum to be reviewed in 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 all mains services (no services seen or tested). Business rates payable are advised as currently being circa 11,000 per annum.

THE BUSINESS

The current owners purchased the business in 2006 and have built up a strong trading foundation for new owners to benefit from although leaving plenty of opportunity to increase trade with the introduction of further catering options, especially lunchtimes. The business is presented to a good standard and is positioned in the heart of this busy town.
Advised turnover for year ending 10/15 is 355,953 (inc vat) with a trade split of 90% wet and 10% dry trade.

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 stations

  • Barnstaple (0.5 mi)
  • Chapleton (4.7 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

  • Barnstaple (0.5 mi)
  • Chapleton (4.7 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 7827. 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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