3 bedroom pub for saleGLOUCESTERSHIRE
Ref 7826 LEASEHOLD
300 YEAR OLD UNOPPOSED 'FREE OF TIE' LEASEHOLD COTSWOLD VILLAGE INN LOCATED WITHIN THE HIGHLY DESIRABLE AND THRIVING GLOUCESTERSHIRE VILLAGE OF COALEY
• Prominently positioned set in the heart of this Cotswold village, Gloucestershire.
• Public Bar/Games Area (circa 40) with carpets, bar server, skittle alley, pool table, beams and t.v.
• Superb Lounge Bar (circa 40) offers parquet flooring, bar server, inglenook fireplace and beams.
• 3 Bedroom Living Accommodation.
• Front Patio Terrace (circa 30) & Lawned Beer Garden (circa 40).
• 8 Skittles Teams and 2 Pool Teams.
• Large Car Park and Commercial Catering Kitchen.
• Advised turnover is averaging £3,500 pw (inc vat) with a trade split of 70% wet and 30% dry on limited trading hours.
• 8 yrs remaining of a 'free of tie' lease with a rent of £25k.
A BEAUTIFUL COTSWOLD VILLAGE INN ON A LUCRATIVE 'FREE OF TIE' AGREEMENT
This lovely 300 year old Cotswold Stone Village Inn is situated in the heart of Coaley, a highly desirable Cotswold village.
Coaley is a Cotswold village in the English County of Gloucestershire approx. 4 miles from the town of Dursley and 5 miles from the town of Stroud.
The village drops from the edge of the Cotswold Hills towards the River Cam and Cambridge, and the Severn Estuary beyond.
Coaley is a thriving village with many amenities, clubs and teams including an excellent Primary School, a Church, Village Hall, Community Shop and Railway Station along with a Football and Cricket Team.
The property is situated on the famous Cotswold Way attracting a huge number of walkers and ramblers all year round.
This Village Inn is of Cotswold Stone construction, with partial rendering, under a pitched, tiled roof, occupying a lovely prominent position in the heart of Coaley, Gloucestershire.
The Public Bar/Function Room/Skittle Alley (circa 40) is a traditional room benefitting from a mix of carpeted and wood flooring, bar server, beamed ceilings, skittle alley, pool table and plasma screen.
The Lounge Bar/Dining Area (circa 40) is full of character offering parquet wood flooring, large bar servery area, lovely log burning fireplace and beamed ceilings.
The business is home to 8 Skittles Teams, 2 Pool Teams, a Football Team and a monthly Quiz Night.
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.
The owner's accommodation is situated on the 1st floor and briefly comprises: Two Double Bedrooms, Single Bedroom, Lounge and Bathroom.
To the front of the property is a pleasant Patio Terrace Area with seating for approx. 30 customers.
To the side is a newly created Beer Garden laid to lawn and offering seating for 40 customers.
To the rear of the property is a Large Car Park for 25 cars along with 2 Garages.
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 11am - Midnight
Current opening hours are:
Mon - Tuesday 7pm - 11.30pm
Wed - Fri 5pm - 11.30pm
Saturday Midday - Midnight
Sunday Midday - 11.30pm
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.
The business is offered for sale as a lease assignment with approximately 8 years remaining of the 'free of tie' full repairing and insuring, renewable agreement. We are advised that the inn is free of tie for all products. We are informed that the rent is currently £25,000 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 LPD and all other mains services (no services seen or tested). Business rates payable are advised as currently being circa £4,000 per annum.
The current owners purchased the business in July 2015 but due to other business commitments is having to cut their long term plans short. The business and property is presented to a very high standard and offers a lovely 'quality of life' within this sought after village location.
The business offers huge potential to an owner operator who is keen to integrate into the village community and benefit from a lucrative 'free of tie' agreement.
We are advised turnover has been averaging at £3,500 per week (inc vat) on a trade split of 70% wet and 30% dry sales.
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)
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