2 bedroom pub for sale

SURREY

£65,000

Property Description

Full description

Tenure: Leasehold

Ref 7843 LEASEHOLD

ATTRACTIVE TRADITIONAL 100% WET LED COMMUNITY INN OFFERED ON A NEW 10 YEAR 'FREE OF TIE' LEASE, LOCATED WITHIN THE HIGHLY DESIRABLE AND AFFLUENT HISTORIC TOWN OF CHERTSEY, SURREY

Substantial property situated in the prime location of Chertsey, Surrey.
Traditional and inviting Lounge Bar (circa 30+) and a welcoming Public Bar (circa 35).
2 Bedroomed Owner's Accommodation.
Presented in good decorative order throughout, having been modernised and refurbished.
Good sized enclosed Beer Garden.
Advised current turnover circa 200,000+ (incl. VAT).
Trade derived from circa 100% wet sales.
Undoubted potential for catering orientated operators.
Offered on NEW PRIVATE FREE-OF-TIE 10 YEAR LEASE.
IDEAL FIRST TIME BUY FOR NEWCOMERS TO THE TRADE.

OUTSTANDING OPPORTUNITY TO ACQUIRE A SUPERB BUSINESS WITH A SOLID AND WELL ESTABLISHED TRADING FOUNDATION OFFERING TREMENDOUS POTENTIAL

LOCATION
This outstanding business is located in the historic town of Chertsey and can be easily reached from junction 11 of the M25 circular. Situated within the commuter belt being approximately ONLY 15 miles from the capital City of London and also having excellent road communications providing easy access to the M3, M23, M4, M40 and M1 motorways making this superb location an extremely popular commuter area for the major motorways and the major international airports of Heathrow, Gatwick and Luton.
The inn draws an excellent level of local trade from Chertsey itself which is further enhanced by its first class reputation for top class beers and customer service that attracts trade from a desirable clientele emanating from the nearby surrounding towns, villages and larger catchment areas that culminate in providing a continuous and consistent flow of repeat trade and is well serviced by local schools, shops and amenities. An enviable place to reside offering a compelling business opportunity.

THE PROPERTY
This impressive and substantial property occupies an easy accessible trading position.

Main entrance at the front leading into the Lounge Bar.

Lounge Bar (circa 30+) is a lovely room exuding an inviting and relaxing ambience, having a feature return bar servery with a solid polished oak counter and a back fitting with trade optics and refrigerated bottle coolers (not tested). The room is well furnished with a range of solid polished tables, upholstered chairs, fixed upholstered perimeter seating and upholstered bar chairs and bar stools. Adding to the charm and character of the room is the feature through open fireplace. Access to the Beer Garden and the Public Bar.

Public Bar (circa 35+) is a good sized versatile room radiating a welcoming atmosphere. There is a return bar servery and is furnished with a range of loose polished tables, upholstered armchairs and bar chairs. There is also a pool table with lighting over, a darts throw, a digital juke box and an AWP. Access to the Beer Garden.

Kitchen - currently not equipped and will require refitting with commercial appliances/equipment if so desired. There is also a Wash-up Room and a Store Room.

Lower Ground Floor Cellar with dray drop, pumps, pythons x2, post mix and cooler.

Ladies and Gents W.C.s

OWNER'S ACCOMMODATION
Situated on the 1st floor, being of a good size, presented in good order briefly comprises: 2 bedrooms, lounge/kitchen, bathroom and separate W.C.

EXTERNAL
There is a good sized enclosed paved Beer Garden (circa 50+) with timber picnic benches. There is also a covered designated smoking area and an enclosed yard currently used for storage. There are also 2 brick built storage units.

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:
Monday - Saturday - 09.00am - Midnight
Sunday - 09.00am - 11.00pm
The current opening hours are as follows:
Monday - Saturday - 9.00am - 1200pm
Sunday - 10am - 11pm

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 being offered for sale as a NEW highly favourable 10 year Private FRI Lease Agreement as follows:
1. The asking premium will be 65,000.
2. The initial annual rent will be 30,000
3. The annual rental is simply RPI linked to inflation every 3 years, hence no rent reviews.
4. Rent payable quarterly in advance.
5. Lease re-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.

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 main services and uses gas fired central heating (services not tested). Business rates payable are tba.

THE BUSINESS
Our vendor client operates this successful business on 'hands-off' basis with the assistance of a full time live-in manageress plus several part time/casual members of staff.
Trade is currently derived from 100% wet sales and whilst emulating the current business model; there is still immense potential for a new full time hands-on owner operator partnership with previous experience of running a catering orientated operation to take this business to the next level by exploiting the obvious food potential that is to be found here.
There are many additional areas of potential to increase sales and profitability by implementing a strategic marketing campaign to utilise the premises for private parties, wakes and functions etc. Advised current turnover is circa 200,000+ (incl. VAT).
This superb community inn is a well-established and successful business and in our opinion with the above areas of potential we would quite easily expect fully focussed and fully committed operators to achieve a turnover well in excess of 300,000 (incl. VAT).

Accounting information will be made available to interested parties after viewing.
This business was viewed by Martin McConnell who would be delighted to discuss further details and can be contacted on 07970 213549.
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.



Nearest stations

  • Chertsey (0.3 mi)
  • Addlestone (1.2 mi)
  • Weybridge (2.6 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

  • Chertsey (0.3 mi)
  • Addlestone (1.2 mi)
  • Weybridge (2.6 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 7843. 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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