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4 bedroom pub for sale

STAFFORDSHIRE

Sold STC £79,950

Property Description

Full description

Tenure: Leasehold

REF: 7848 LEASEHOLD

TRADITIONAL CHARACTER GRADE II LISTED FORMER COACHING INN LOCATED IN THE HEART OF STAFFORDSHIRE'S PREMIER HERITAGE CATHEDRAL CITY OF LICHFIELD (THE CITY'S OLDEST INN)


Character Inn built in 1408, located in the heart of the historic cathedral city of Lichfield in Staffordshire.

Bar & Snug (c36 plus standing) with original exposed wooden beams and pillars; Attractive exposed brick built Inglenook fireplace.

Lounge area (c22 covers) with exposed brick walls, solid oak floor and a communal piano.

Conservatory area (c36 plus standing) with original cobbled flooring and exposed brick walls.

Spacious Patio garden / Smoking area.

Self-contained first floor meeting & function Room (c60 occupancy).

Fully equipped commercial catering kitchen.

Substantial 4 double bedroom owners' accommodation (B&B opportunity STPP/ consents).

Advised turnover circa 415,725 (incl. VAT) for year ending 31st March 2016.

Trade: 80% Wet; 20% Food sales.

Respectable brewery lease with 'attractive off invoice discounts'.

Genuine retirement reason for sale.

A FABULOUS AND RARE OPPORTUNITY TO ACQUIRE A THRIVING BUSINESS OFFERING FURTHER UNTAPPED POTENTIAL IN A HIGHLY DESIRABLE LOCATION


LOCATION
This 15th century former coaching inn is located in the heart of the historical Staffordshire City of Lichfield that is steeped in heritage with quaint streets and the beautiful Cathedral dominating the skyline. Built in 1408, this is the oldest inn in Lichfield and was originally a coaching inn in the 16th century. The Uttoxeter blue service ran from Worcester to Uttoxeter which stopped over in South Birmingham and Lichfield at this particular inn. Nearby are: the large ancient market town of Tamworth with its highly popular snow dome and ski centre (6 miles); Drayton Manor Theme Park (6 miles); Chasewater Country Park and the National Memorial Arboretum. The city of Birmingham is also within around 16 miles. The local motorway networks are excellent with M6/M6 Toll/A38 and M54 motorways all nearby.

THE PROPERTY
This Grade II listed 3-storey traditional inn is of brick construction and sits under a pitched, tiled apex roof. To the front of the property oversized entry doors provide access to the cobbled entrance yard. This leads to all the trading areas.

Bar and Snug (circa 36 plus standing) is bursting with character and rustic charm. The room has loose tables, assorted chairs, leather settees and a long wooden bench pew all sitting on an attractive solid oak floor. Original exposed wooden ceiling beams and pillars look down on a fabulous exposed brick built Inglenook fireplace that adds to the ambience of the room. An open coal fire and a wooden return bar server offering 6 cask ales are complimented by regimental memorabilia adorning the surrounding walls. The room also has an HDTV and SWP.

Lounge area (circa 22 covers plus standing) has loose tables and chairs all sitting on a solid oak floor. Areas of painted exposed brick are complimented by a well presented bar server of wood construction offering a further 4 cask ales and a ready to play piano sits quietly in the corner.

Conservatory area (circa 36+ plus standing) is the former coaching inn courtyard now covered over with a glass roof to create an historic atmospheric area and is where regular live entertainment is held. Loose tables, chairs and wooden bench seating all sit on an original cobbled floor with areas of exposed brickwork. This area also has an HDTV and AWP.

Ladies and Gents W.C.'s.

Meeting/Function room (60 occupancy) is a self-contained multi use room located on the 1st floor and with private access and toilet facilities. The room is fully carpeted and loose tables and chairs able to be laid out as desired and to suit the occasion. Predominantly used for meetings this room is also able to hold small functions and parties and has a bar server of wood construction and beer dispense points.

There is a fully equipped commercial catering Kitchen with stainless steel appliances and surfaces (appliances not tested). A dry goods and fridge/freezer storage area leads off. There is also a good sized below Ground Floor Cellar with python, remote, pumps and storage space etc.

OWNER'S ACCOMMODATION
The substantive owner's accommodation is situated on the 1st and 2nd floors and briefly comprises: 4 double bedrooms, a lounge, kitchen and bathroom. In our opinion this former coaching inn would be highly suitable to introduce a B&B offer (STPP & all approvals/permissions).

EXTERNAL
To the rear of the conservatory area courtyard is a spacious enclosed cobbled patio garden / smoking area (circa 60+). Wooden picnic benches are complimented by loose tables, chairs and leather settees all set with surrounding exposed brick built walls. There is no patron's car park for this business however pay and display parking is available throughout the city centre.

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:

Sun- Weds 10am to midnight
Thurs - Sat 10am to 1am

Current opening hours are:

Sun - Thurs 11am to 11pm
Fri/Sat 11am to 1am

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 10 years remaining
of the well-respected Marston's Inns and Taverns full repairing and insuring, renewable agreement. We are advised that the inn is fully tied on all products however attracts a good level of off invoice discounts. We are informed that the rent is currently 29,300 per annum to be reviewed in 2020. We are also 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 mains services (no services seen or tested). Business rates payable are advised as currently being circa 18,000 per annum.

THE BUSINESS
The current owners took over the reins in 2005 and have since created a thriving business with a loyal, repeat and desirable clientele. Currently run by our vendor clients themselves assisted by 1 full and circa 5-part time/casual members of staff they are now looking to retire from the trade in order to take life at a more leisurely pace. Not only does the business hold a monthly quiz, folk club and jazz night but also holds a highly popular and well attended weekly open mic night and even more popular weekly live entertainment. We are advised that accounts declare takings of circa 415,725 inclusive of VAT for year ending 31st March 2016 on a trade split of 80% Wet and 20% Food sales. New owners could continue to operate the business using the same successful formula or they may wish to take the business to the next level by exploring the introduction of a B&B offer, driving the meeting and function room business further or introducing a brand new food offer to the business.

Accounting information will be made available to interested parties after viewing.

This business was viewed by Richard Fletcher who would be delighted to discuss further details and can be contacted on 07527 718400.

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.


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