2 bedroom pub for sale

COUNTY DURHAM, Hunwick, Crook

Sold STC £29,950

Property Description

Full description

Tenure: Leasehold

REF: 7913 LEASEHOLD

LOVELY STONE BUILT VILLAGE INN & RESTAURANT FOR SALE, LOCATED IN THE HEART OF HUNWICK, AN ANCIENT VILLAGE IN COUNTY DURHAM AND BEING OFFERED ON A NEW 'FREE OF TIE' LEASE

Excellent position set back off the road through the desirable County Durham village of
Hunwick.
Inviting Lounge Bar (circa 35) with carpeted flooring, beams and a bar servery area.
Pleasant Restaurant (circa 36) along with a Private Dining Room (circa 12) both offering
desirable dining areas.
Rear Public Bar/Games Area (circa 30) with slate tiled flooring.
Excellent 2 Bedroom Living Accommodation.
Front & Rear Patio Gardens (circa 50) in total.
Commercial Catering Kitchen & Car Park.
Advised turnover circa £245,240 (incl. VAT) year end 03/18 on a trade split of 70% wet and
30% dry.
New 10 Year 'Free of Tie' Lease with an initial rent of £25k per annum.


A STONE BUILT 'FREE OF TIE' VILLAGE INN IN SUPERB CONDITION



LOCATION
This highly desirable stone built Private Free of Tie Leasehold Village Inn is located on South View within the desirable village of Hunwick, County Durham.
Hunwick is a pretty village in County Durham, there are actually two villages that are often referred to collectively as Hunwick, Hunwick and New Hunwick although it is generally accepted that the two villages are now one.
Hunwick is an ancient village dating from the Saxon Times and stands equidistant between Crook and Bishop Auckland.
The village has a vibrant community association based around the sports ground, an active church, a post office and general stores.
The village has a population of just over 1,000 residents.

THE PROPERTY

The property is built of stone construction under various pitched tiled roofs and benefits from a prominent village position in the heart of Hunwick.

The Lounge Bar (circa 35) is an inviting area offering carpeted flooring, bar servery and beamed ceilings.

The Restaurant (circa 36) is a cosy room benefitting from carpets and an open fireplace. There is also a Private Dining Room (circa 12) with wood panelling and carpets.

The Public Bar/Games Area (circa 30) has slate tile flooring, pool table and doors to the rear garden.

Ladies & Gents W.C's.

There is a good size Commercial Catering Kitchen with stainless steel appliances (not tested).

The Ground Floor Cellar has a python system and coolers.

OWNER'S ACCOMMODATION
Located on the First Floor and comprising of Two Double Bedrooms, Lounge with Office, Fully Fitted Kitchen and Bathroom.

EXTERNAL
This property offers a pleasant and secluded rear Beer Garden with a Terraced Area offering seating for approximately 25 customers.
To the front of the property is further seating for 25 customers along with a Car Park for approx. 4 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 - Sat Midday - 11pm
Sunday Midday - 10.30pm

Current opening hours are:

Monday 5pm - 11pm
Tuesday Closed
Wed - Fri 5pm - 11pm
Saturday Midday - 11pm
Sunday Midday - 10.30pm


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 property and business is being offered for sale as a new highly favourable 10 year Private FRI Lease Agreement as follows:
1. The asking price will be £29,950
2. The initial rent will be £25k per annum.
3. The annual rental is simply RPI linked to inflation every 3 years, hence no market rent reviews.
4. Rent payable quarterly in advance.
5. Lease 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.
The property offers all mains services along with being heated with gas central heating (no services tested). Business rates payable are advised as being free of charge.

THE BUSINESS
Our vendor clients have owned the business for 15 years and are offering the business in excellent condition throughout as well as a well-established business with consistent turnover and clientele. The property is being offered on a new 'free of tie' lease agreement offering flexibility to any new lessee.
We are advised that accounts declare takings of circa £245,240 (incl. VAT) in the year to end March 2018.
The turnover is based on a trade split of 70% wet and 30% food.

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

The property was viewed by Marc Blackford who would be delighted to discuss further details and can be contacted on 07812 753014

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 stations

  • Bishop Auckland (2.4 mi)
  • Shildon (5.0 mi)
Distances are straight line measurements from centre of postcode

To view this property or request more details, contact:

Guy Simmonds Business Transfers Limited , National Licensed Property

Coppice Farm, Ashby Road Melbourne, DE73 8BJ

01332 448136 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

  • Bishop Auckland (2.4 mi)
  • Shildon (5.0 mi)
Distances are straight line measurements from centre of postcode

To view this property or request more details, contact:

Guy Simmonds Business Transfers Limited , National Licensed Property

Coppice Farm, Ashby Road Melbourne, DE73 8BJ

01332 448136 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 7913L. 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 Business Transfers Limited , National Licensed Property. 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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