13 bedroom pub for salePOWYS
Sold STC £16,000
Ref 7845 LEASEHOLD
AN HISTORIC, SUBSTANTIAL AND DETACHED FREEHOLD OR 'FREE OF TIE' LEASEHOLD INN AND HOTEL SITUATED WITHIN THE SMALL POWYS TOWN OF LLANWRTYD WELLS OFFERING 10 BEDROOMS AND A RESTAURANT
• Prominently located in the heart of Llanwrtyd Wells, an area renowned for its outdoor activities
• Lounge Bar (circa 50) with open fireplaces and exposed stone walls
• Restaurant/Function Room (circa 60) offering carpeted floors and beamed ceilings
• 10 Letting Bedrooms (6 en-Suite)
• Three Bedroom Living Accommodation
• Front Terrace Area (circa 60)
• Car Park and Commercial Catering Kitchen
• Freehold or New 10 Yr 'Free of Tie' Lease with a rent of £24k per annum.
• Advised that the turnover for y/e 03/14 was £160,000 (incl. VAT) with a trade split of 50% wet; 25% food; 25% letting.
A SUBSTANTIAL AND THRIVING 10 BEDROOM FREEHOLD INN AND HOTEL IN AN AREA RENOWNED FOR ITS OUTDOOR ACTIVITIES
This lovely 18th Century detached Inn and Hotel is situated on the outskirts of Llanwrtyd Wells, Powys.
Llanwrtyd Wells is a small town and civil parish in Powys, Mid Wales, lying on the River Irfon. The town has a population of around 600 and claims to be the smallest town in Britain having once been a spa town following the discovery of waters with amazing healing properties in 1732.
The town is now reputed to have the cleanest air in the land and the lowest pollution levels.
The area has become an all year round destinations for outdoor enthusiasts amongst which are activities such as mountain biking, horse riding, rambling and fishing. Today the town is better known for eccentric activities such as the world bog snorkelling championships, the man versus horse marathon and the real ale wobble all of which are annual events.
Llanwrtyd Wells has excellent road links being located on the A483.
This traditional 170 year old Victorian style building is of stone construction, under a pitched, tiled roof, occupying an excellent prominent position within the town of Llanwrtyd Wells, Powys.
The Open Plan Lounge/Public Bar (circa 50) is a traditional bar area with many character features including two original open fireplaces, exposed stone walls and beamed ceilings. The room also benefits from a bar server area and carpeted flooring.
The Restaurant/Function Room (circa 60) is an extensive room ideal for parties and functions as well as being a restaurant area. The room has carpeted floors, beamed ceilings and exposed stone walls.
The Reception Area offers a small area with reception desk.
Ladies and Gents W.C.'s.
Lower Ground Floor Cellar has pumps, racks, python system and coolers.
Large Commercial Catering Kitchen offering stainless steel appliances (not tested).
The living accommodation is situated on the first and second floors and briefly comprises: two Double Bedrooms, Single Bedroom, Lounge and Bathroom.
Located in the two storey annexe to the side of the business are six en-suites letting Bedrooms (three Doubles, two Twins and a Single).
Above the main property are a further four Letting Bedrooms (two singles, one family and one triple) sharing two bathrooms.
To the front of the property is a pleasant Patio Terrace area with seating for 50-60.
To the side of the property is a car park for 20 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:
Sun - Thursday 9am - Midnight
Fri - Sat 9am - 1am
Current opening hours are:
Mon - Fri 6pm - 11pm
Sat - Sun Midday - 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. Guy Simmonds hold this 1 day APLH Course every month. Please telephone us to reserve your place or book on-line at www.guysimmonds.co.uk
The property and business is being offered for sale freehold (although we have not had sight of the title deeds) or as a new highly favourable 10 year Private FRI Lease Agreement as follows:
1. The asking premium will be £16,000.
2. The initial annual rent will be £24,000
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.
8. Our vendors would happily offer an 'Option to Purchase' to allow the new lessees the option to purchase the freehold at an agreed price.
We are advised that the inn benefits from LPG and all other mains services and uses oil fired central heating. Business Rates are advised as being £5,000 payable.
The current owners purchased the business in May 2007 as a joint venture with two families.
The property has a strong local trade from the town and surrounding villages and the hotel benefits from many local events throughout the year. This offers an ideal opportunity for an owner operator to enjoy a lovely lifestyle in a profitable business. We are advised that the turnover for year ending 03/14 is £160,000 (inc vat) on a trade split of 25% accommodation, 50% wet and 25% food.
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.
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