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Lincolnshire - Town Centre 5 Bedroom Wet Led Pub With Sizeable Rear Trade Patio

£395,000

Business rates & charges may apply

Sidney Phillips Limited, East
SIZE

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SECTOR

Pub for sale

USE CLASSUse class orders: A4 Drinking Establishments and Sui Generis

A4, sui_generis_3

Key features

  • Affluent Lincolnshire market town
  • Town centre 100% wet-led public house
  • Bar & snug (110), rear trade patio (60)
  • Five double bedroom private accommodation
  • Opportunity to introduce a food offering
  • Profitable & established business

Description

LOCATION

Old Nick's Tavern is located in the affluent and historic market town of Horncastle, Lincolnshire. Horncastle is situated in the centre of the county, only 17 miles east of the county city of Lincoln, 20 miles west of the seaside town of Skegness and 4 miles southwest of the Lincolnshire Wolds Area of Outstanding Natural Beauty. The town benefits from many contrasting amenities and landmarks such as multiple fuel and service stations, grammar and comprehensive schools, large supermarkets and various antique shops.

Horncastle sits at the crossroads of two of Lincolnshire's major roads: the A158 which runs west to east, joining the city of Lincoln with the resort of Skegness on the Lincolnshire coast; the A153 joins Louth in the north with Sleaford and Grantham in the south. These two roads meet in the centre of Horncastle. Boston is also accessible via the A16.

The nearest rail service can be found in the village of Metheringham where the station sits on the Lincoln to Peterborough line between Lincoln and the large village of Ruskington. Regular bus services also allow travel to the nearby towns of Louth, Boston and the seaside resort of Skegness, as well as the city of Lincoln. The nearest airport can be found 30 miles north at Humberside International Airport.

Old Nick's Tavern, which is purported to date back to 1752, occupies a two storey, mid-terrace, Grade II listed building of brick construction with part pantile, part slate roof. It is located on North Street in the centre of the town.

PROPERTY

TRADE AREAS
ENTRANCE PORCH providing entry to the open plan MAIN BAR with combined seating for 100, part carpet, part wood and part tile flooring, feature ceiling beams and wooden bar servery. Open plan basement CELLAR with external barrel drop. SNUG with seating for 10 and carpet flooring. REAR HALL with access to the first floor private accommodation as well as both Ladies' and Gentlemen's TOILETS. UTILITY AREA with sizeable loft storage and access to the fully-fitted COMMERCIAL KITCHEN with PREPARATION AREA and CHILLER ROOM.

OWNERS ACCOMMODATION
First Floor: TWO DOUBLE BEDROOMS. LOUNGE. KITCHEN/DINER with store cupboard. BATHROOM. LANDING with store cupboard and stairs to the second floor. ROOF TERRACE and private access door to the rear.
Second/Top Floor: THREE DOUBLE BEDROOMS, one of which has a shower en suite. Separate WC. LINEN CUPBOARD.

EXTERNAL
Rear PATIO with bench seating for 60 and smoking shelter. Single storey brick outbuilding currently utilised as a cold room for the brewery (this space could be used as additional trade or storage space). Please note: the property benefits from vehicular right of way access over the adjacent car park to the rear of the site.

(Please note: Our clients would consider the sale of their on site Horncastle Ales Brewery business, subject to separate negotiation).

THE BUSINESS

Old Nick's Tavern operates as a 100% wet-led, town centre public house which is known for its live music events and 'jam nights'. The venue also showcases TNT Sports and houses three darts teams who participate in a district league as well as hosting an internal singles league.

The business is currently operated by our husband and wife clients alongside 4 part-time staff. The opportunity is available to utilise the currently unused commercial kitchen to introduce a food menu which could lead to an increase in turnover.

Accounting detail will be made available to serious parties following a formal viewing.

Lincolnshire - Town Centre 5 Bedroom Wet Led Pub With Sizeable Rear Trade Patio

NEAREST STATIONS

Distances are straight line measurements from the centre of the postcode
  • Metheringham Station12.5 miles

About Sidney Phillips Limited, East

Shepherds Meadow, Eaton Bishop, HR2 9UA

About Sidney Phillips

Pub, hotel and restaurant specialists with a bespoke and personal service

Whether you are looking to buy or sell a pub or a licensed business, we take great pride in delivering a personable service.

Our comprehensive expertise and experience ensure we are able to provide the highest standard of service to clients in the market.

Sidney Phillips operates a bespoke agency service which can assist with buying and selling of both leasehold and freehold assets.

Our specialisms include the sale of 'going concern' businesses as Business Transfer Agents with years of specialist sector knowledge.

A trusted and established name

Established in 1898, Sidney Phillips boasts a network of nine regional offices, providing unrivalled local knowledge with national coverage.

Our experienced team specialises in providing sales, acquisition and valuation services to the licensed trade including public houses, hotels, restaurants, coffee shops, clubs, leisure units, investments and development sites.

We pride ourselves on our professional approach and discretion, acting for a wide range of clients including pub companies, regional brewers, private investors, developers and individual freeholders, leaseholders and tenants.

Notes

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