3 bedroom pub for sale

NOTTINGHAMSHIRE

Sold STC £49,995

Property Description

Full description

Tenure: Leasehold

Ref 7847L

POPULAR ESTABLISHED AND UNOPPOSED THRIVING 'FREE OF TIE' INN LOCATED IN THE BEAUTIFUL SURROUNDINGS OF THE VALE OF BELVOIR IN THE NOTTINGHAMSHIRE CONSERVATION AREA VILLAGE OF HICKLING


Conservation Village located on the edge of the Vale of Belvoir only 8 miles from Melton Mowbray.

Top Bar (circa 40+) with exposed wooden ceiling beams and built in live entertainment systems.

Snug (circa 20) with exposed beams & Inglenook fireplace.

Lower Bar (circa 10 + standing) with exposed beams.

Multi-use room (circa 16+) used as dining overflow, TV, darts or private hire.

Spacious Restaurant area (40+ covers).

Decked Al Fresco garden Dining Area (30 covers) : Spacious grassed Garden (c100+) : Enclosed Family Area with children's play equipment & bouncy castle.

Fully equipped Commercial Kitchen with 5 Star EHO.

3 Double Bedroom Owner's Accommodation.

Advised turnover circa 375,894 (inc VAT) to 30/04/16 Trade split 70% Wet sales : 30% Food sales.

Totally 'Free of tie' Privately owned renewable lease.

AN UNMISSABLE OPPORTUNITY TO ACQUIRE A THRIVING POPULAR UNOPPOSED INN LOCATED IN A DELIGHTFUL SOUGHT AFTER VILLAGE.


LOCATION
This popular village inn is located in the affluent sought after Nottinghamshire conservation area village of Hickling in the beautiful surroundings of the Vale of Belvoir. The disused Grantham Canal passes through the village and there is a large basin across the road from this inn that attracts many fishermen and is a start/finish point for the many walkers/cyclists who frequent the area all year round. Hickling has a primary school, a church and village hall and is surrounded by other similar villages and the thriving market town of Melton Mowbray is only 8 miles drive away. Loughborough, Grantham and Nottingham are also within easy reach. The local road networks are excellent and the A1, M1, A46, A52, A606 also close by.

THE PROPERTY
This delightful unopposed inn sits on a large plot and is of brick construction under a pitched tiled and slate roof located on the main road running through the village. Entrances to the front and rear provide access to all the trading areas:
Top Bar (circa 40 + standing) is a vibrant room with loose tables, chairs and stools complimented by upholstered perimeter bench seating. Exposed wooden ceiling beams look down on a solid oak floor and local historic photos adorn the walls. The room has a bar server of wood construction offering 3 cask ales to one end while to the other is a built in entertainment system where bands/artists regularly perform. The room also has an open coal fire, darts throw and wall mounted HDTV.
Snug (circa 20) is a cosy room with loose tables, chairs and upholstered perimeter bench seating all sitting in front of an attractive exposed brick built Inglenook fireplace with open coal fire. Exposed wooden beams to the ceiling and an attractive quarry tiled floor add to the ambience.
Lower Bar (circa 10 + standing) is a small popular congregating area with loose high stools sitting in front of a very well presented bar server of wood construction offering 4 further cask ales with exposed wooden ceiling beams and a solid oak floor.
Restaurant (40+ covers) has a lovely relaxed feel and is a pleasant extended area to the rear of the property with assorted loose tables and chairs all sitting on a fully carpeted floor. To one side is a coffee preparation area and this leads through to:
Multi-use room (circa 16+) with loose tables and chairs all sitting on a solid oak floor and able to be laid out as desired and to suit the occasion including a dining overflow, a TV room, darts events or even small private functions. The room has exposed wooden wall beams and an HDTV.

Ladies and Gents W.C.'s.

There is a fully equipped Commercial Catering Kitchen with stainless steel appliances and surfaces (appliances not tested and 5* EHO rating). A prep area, fridge/freezer and dry goods storage area leads off. Below ground floor beer Cellar with python, remote and cask racking system.

OWNER'S ACCOMMODATION
The owner's accommodation is located on the 1st floor and briefly consists of: 3 Double bedrooms (1 en-suite), Lounge, Kitchen and Bathroom.

EXTERNAL
To the rear of the property is a vast and delightful Garden Area. There is a Decked Al Fresco section (circa 30 covers) with outdoor tables and rattan chairs complimented by corner gas burners. A spacious grassed Garden with wooden picnic benches (circa 100+) leads onto an enclosed family area with children's play equipment and a bouncy castle. Also to the rear of the property is a separate paddock area (not included in the lease however is on a separate lease agreement with a peppercorn rent) that is suitable as a car park overflow or marquee area. The patron's Car Park is also to the rear with parking for circa 30+ cars.

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:

Mon- Sun 11am to 1am

Current opening hours are only:

Mon- Sun 12noon to close

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 approx. 15 years remaining of the privately owned full repairing and insuring, renewable agreement. We are advised that the inn is totally 'Free of Tie' on all products. We are informed that the attractive head rent is currently 27,520 per annum (with turnover linked variations) to be reviewed in 2021. 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 mains services (no services seen or tested). Business rates payable are advised as currently being circa 10,810 pa.

THE BUSINESS
The current owners took over this popular business in 2011 and have since established a solid trading foundation with a loyal, repeat and desirable clientele. The business is currently operated by the owners with the assistance of circa 2 full and 10-part time staff. The business is at the centre of this community focussed village and as well as being the main meeting point for many local clubs and societies the business also plays host to regular live entertainment (music nights and open mic), has a regular quiz, themed food events and 2 darts teams. We are advised that accounts declare takings of circa 375,894 (inc VAT) to end April 2016 with a trade split of 70% wet & 30% Food sales. New owners could continue to operate the business using the same successful formula or take the business to the next level by exploiting the opportunity to introduce a brand new food offer and fresh ideas from their business plan. This business would suit an operator/couple who have previous hospitality experience and have run a music involved operation.
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.


Energy Performance Certificates (EPCs)

Nearest station

  • Bingham (6.7 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 station

  • Bingham (6.7 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 7847. 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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