This property has been removed by the agent. It may be sold or temporarily removed from the market

View similar properties

12 bedroom pub for sale

PEMBROKESHIRE

£49,950

Property Description

Full description

Tenure: Leasehold

Ref 7800 LEASEHOLD


STUNNING 16TH CENTURY RIVERSIDE COUNTRY INN & HOTEL LOCATED ON THE PEMBROKESHIRE COASTAL ROAD (A487), NEAR NEWPORT AND CARDIGAN BAY IN THE PEMBROKESHIRE COAST NATIONAL PARK


Excellent main road location on the A487, close to the popular tourist destination of Newport
Traditional Lounge Bar (circa 40) & Public Bar (circa 40) offering carpeted flooring and bar servery
Lovely Restaurant (circa 50) with garden and river views and French doors to the lovely garden area
Spacious 4 bed Owners Accommodation
8 Superb En-Suite Letting Bedrooms
Stunning Riverside Gardens (circa 100)
Car Park for 40 cars, Commercial Catering Kitchen and Land with development opportunities (stpp)
Advised turnover circa 206,000 (incl. VAT) year end 02/15, with trade split of 25% wet, 45% dry & 30% letting on very limited opening hours
New 10 Yr 'Free of Tie' Lease with an initial rent of 25k per annum.


A SUBSTANTIAL RIVERSIDE COUNTRY HOTEL SET CLOSE TO THE LOVELY PEMBROKESHIRE COAST

LOCATION
This highly desirable 16th Century Private Free of Tie Leasehold Riverside Country Inn & Hotel with Riverside Gardens is located on the main road through Felindre Farchog, Pembrokeshire.
Felindre Farchog is a village in the community of Nevern in Pembrokeshire.
This lovely property is located seven miles from Cardigan and two miles from Newport, both very popular coastal tourist destinations in the summer months.
The village is set within the parish of Bayvil on the A487 road and is located on the River Nevern where there is salmon and sea trout fishing.

THE PROPERTY
The property is built of stone construction under various pitched tiled roofs and benefits from a prominent main road position next to the River Nevern.

The Lounge Bar/Dining Area (circa 40) is a traditional room with carpets, bar server, beams and wood furnishings.

The Public Bar (circa 40) is the 'locals' bar offering a mix of carpeted and tiled flooring, bar server, pool table, feature fireplace and TV.

The New Restaurant (circa 50) is a lovely room that has been added to the main business over the last few years and has untapped potential as a wedding/function venue. The room offers French doors to the stunning Riverside Garden and is a light and airy modern room.

The Meeting Room (circa 30) is a good size for small meetings or private dining area for small parties.

Ladies & Gents W.C's with disabled facilities.

There is a good size Commercial Catering Kitchen with stainless steel appliances (not tested) and work surfaces with a separate wash up area and Walk-in Fridge & Freezer. Currently holding a 5* food hygiene rating.

The Ground Floor Cellar has a python system and coolers.

LETTING ACCOMMODATION
Located on the Ground Floor and benefitting from its own separate entrance are 8 Double/Twin En-Suite Letting Bedrooms all presented to a very high standard and commanding a rate of 75 per night.

OWNER'S ACCOMMODATION
Located on the first floor and comprising of three double bedrooms (one en-suite), Single bedroom, lounge, fitted kitchen, bathroom and office.

EXTERNAL
This desirable property benefits from a stunning Riverside Patio Terrace Area with seating for approximately 40 customers along with a Smoking Solution. This area is extremely popular in the summer months and is ideal for alfresco dining. Furthermore, there is a Large Riverside Lawned Garden with Round Decking Area (circa 60).
To the side of the property is a Car Park for 40 cars.
There is also a Garage and Launderette.
On the other side of the Car Park, away from the main building, is a large piece of land that offers development opportunities (STPP).

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:

7 days per week: Midday - 3pm
5pm - 11pm
Winter Months: Closed in the Daytime.

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 property and business is being offered for sale as a new highly favourable 10 year Private FRI Lease Agreement as follows:
1. The asking price will be 49,950.
2. The initial rent will be 25k rising to 35k over the first two years.
3. The annual rental 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 costs 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.
The property offers LPG and all other mains services along with being heated with oil central heating (no services tested). Business rates payable are advised as being circa 5,000 per annum.

THE BUSINESS
The current owners purchased the business in 2000 and have made significant improvements to the property over the last few years and are offering the business in excellent condition. Due to a family illness, our vendors have not been able to trade the business to its full potential over the last few years as it has historic trading figures of over 300k.
We are advised that accounts declare takings of circa 206,000 (incl. VAT) in the year to end Feb 2015.
The trade split for this year was in the region of 25% wet, 45% dry and 30% letting. This offers huge potential to increase turnover and net profits.
Accounting information will be made available to interested parties after viewing.
The property 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 via 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

Disclaimer - Property reference 7800L. 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.

Map data OpenStreetMap contributors.