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5 bedroom pub for sale

SHROPSHIRE

£35,000

Property Description

Full description

Tenure: Leasehold

REF:7841 LEASEHOLD


BEAUTIFULLY PRESENTED, CHARACTER 16TH CENTURY COACHING INN & RESTAURANT WITH 3 EN SUITE LETTING BEDROOMS SITUATED WITHIN PULVERBATCH, SHROPSHIRE.
FREEHOLD OR 'FREE OF TIE' AVAILABLE



Prominent roadside location in a sought after South Shropshire village within an Area of Outstanding Natural Beauty

GII listed with heavily beamed Bar Area (circa 30) & large open fire

Additional Restaurant/Function Area (circa 60)

Large Commercial Kitchen

3 lucrative en suite Letting Bedrooms.

Outside Dining Terrace (circa 20) & large Car Park

Paddock with potential camping opportunity (STPP)

Well-presented 2 Bedroom Private Accommodation

Advised turnover of 219,116 (inc VAT) per annum with a trade split of 46% dry, 44% wet & 10% letting

Freehold or New 10 Yr 'Free of Tie' Lease with Rent 25k per annum.



A WELL PRESENTED VILLAGE INN OFFERING A PROFITABLE BUSINESS WITH AN OPPORTUNITY TO LIVE IN A BEAUTIFUL PART OF THE COUNTRY


LOCATION

This well presented, charming and unopposed detached village Inn and Restaurant with Letting Bedrooms and Paddock has a delightful location on the main road through the desirable village of Pulverbatch, Shropshire.
Pulverbatch is situated in the designated Shropshire Hills Area of Outstanding Natural Beauty just North of the Long Mynd and East of The Stiperstones.
The village is 8 miles from Shrewsbury and 10 miles from Church Stretton.
Pulverbatch is a popular destination for walkers with two well used walkways, The Shropshire Way and The Marches Way. The area is also popular with cyclists and horse riders with some wonderful bridleways around the surrounding hills.

THE PROPERTY

This village inn is of stone construction, with white washed walls, under a pitched, tiled roof, occupying an excellent prominent unopposed position in the heart of this desirable village.

The Bar Area (circa 30) is a characterful space with many features, especially the stunning open fireplace. The room is set on two levels and has a bar servery, a mix of tiled and wood flooring and is heavily beamed.

The Restaurant/Function Area (circa 60) is a bright and fresh room offering excellent decor and furnishings. The room benefits from carpeted flooring, beamed ceilings, wood panelling and additional bar/servery area.

The Ground Floor Cellar is fully operational with coolers and a python system for 3 cask ales and 6 draughts.

There is a large Commercial Catering Kitchen, currently in full operation, with stainless steel appliances and work surfaces.

Ladies and Gents W.C.'s.

LETTING BEDROOMS

Located on the 1st Floor with their own private entrance, are 3 En Suite Letting Bedrooms - a Twin, Double and Single Room all offered in excellent condition.

OWNER'S ACCOMMODATION

The owner's accommodation is situated on the 1st floor and briefly comprises: Two Double Bedrooms, Fitted Kitchen, large Lounge, Bathroom and Roof Terrace again offered in excellent condition.

EXTERNAL

To the front of the property is an attractive dining terrace with seating for around 20.
To the rear is a large car park for around 40 cars.
Also to the rear of the car park is a acre paddock with potential for camping (STPP).

TRADING & LICENSING

We are advised that the business trades with the benefit of the Premises Licence which permits the sale of alcohol on and off site during the hours of:
Sun - Thurs 10am to Midnight
Fri - Sat 10am to 1am

Current opening hours are:
Tues - Fri Midday - 2pm
5.30pm - 11pm
Sat Midday - 11pm
Sun Midday - 10.30pm
Monday CLOSED
Annual closedown 2 weeks every January

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 freehold or as a new highly favourable 10 year Private FRI Lease Agreement as follows:
1. The asking premium will be 35,000.
2. The initial rent will be 25,000.
3. The annual rent is simply RPI linked to inflation every 3 years, hence no market rent reviews.
4. Rent payable quarterly in advance.
5. Lease assignable after initial 2 year period.
6. Free of all brewery and supply ties.
7. Each party responsible for own legal fees relating to the transaction.
8. We are advised that our vendor client would be agreeable to insert an 'Option to Purchase' clause within the lease agreement, to enable the lessee to subsequently purchase the freehold element at a price to be mutually agreed.

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 2,800 per annum with Rural Rate Relief applied.

THE BUSINESS

The current owners acquired the business in 2012 and immediately underwent a full refurbishment along with creating the 3 en suite letting bedrooms. The business is being offered for sale as the vendors are taking over a family business in France.
The property is in excellent condition throughout along with a well-established trade, strong relationships with the local community and a profitable business. The business is excellently located and offers a wonderful 'quality of life'.
The business currently holds a Certificate of Excellence and 4.5 rating on Trip Advisor as well as a 5 star FSA Food Hygiene Rating.
We are informed that the turnover for y/e 03/16 (50 weeks' trade) is 219,116 (incl. VAT) with a trade split of 46% dry, 44% wet and 10% accommodation.

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)

Map & Street View

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