Pub for sale

London Road, Long Sutton, Spalding

Guide Price* £550,000
2,000 sq. ft.

Property Description

Key features

  • FREEHOLD Sale
  • 55,000 p/a Rental Income
  • Free of Tie
  • Rates - Zero Rated
  • Established Tennent
  • 9.1% Return on Investment
  • Recently Refurbished
  • Beautiful Throughout
  • Low Risk Investment
  • Proven Track record

Full description

FREEHOLD SALE
Established Tennent in Place
Ten Year Free of Tie Lease with 10 years remaining (£675,000 Turnover).
Superb 9.1% Return On Investment
Wonderful location
Recently Beautifully refurbished.

Location & Area - The charming, affluent market town of Long Sutton is located just off the A17 in the Fens of Lincolnshire, on the A1101, which is the UK's lowest road.
Close to Wash, the historical prosperous trade history still abounds.
A population of circa 9000 is further bolstered by neighbours in Spalding, Boston, Wisbech, Holbeach and Kings Lynn. Friday markets and produce auctions attract regular, repeat trade, as does the town's association with the antique industry.
Long Sutton is renowned for the floral displays that decorate the town and its churches throughout spring and summer, and was named amongst the best kept villages in Lincolnshire, it really is pretty as a picture.
The highwayman Dick Turpin lived in Long Sutton for about nine months, under the alias of John Palmer (or Parmen), there is a road and a Pub in the town named after him.

The Business - 10 Year Lease in place with 10 years remaining attracting an annual rent of £55,000 - reviews in an upward only direction.
Wonderfully successful food and drink business with a £675,000 annual turnover - hugely profitable with a simple yet quality led business model.
40/60 Wet/Dry Split.
Refurbished just a couple of months ago to a massively high standard, the quality on the Freehold offer here is plain to see.

Owners Accommodation - There are two 1 x bedroom flats above the business which currently cater for living accommodation for key staff.
These are as equally well appointed as the rest of the business.

Worth noting there is also a 3 bedroomed fully furnished static on site caravan included within the Leasehold agreement, which would be a Freehold Sale Asset.

Externals - Situated on the side of London Road, which is one of the main arteries through Long Sutton, this pretty as a picture pub nestles alongside the village duck pond.
The recent refurbishment has included a Thatched roof, which frames this buttermilk coloured gem fabulously.
External customer area, with round picnic style bench/tables offer fine weather capacity for over 50+.
To the rear is a large private car park for 20+ cars.
Large fenced area provides bin storage and rear access to the commercial kitchen.

Property Description - Through the cottage style front door the bar layout is effectively a large L shape, served by a central bar.
To the right is a delightfully open area overlooking the frontage through the large wall length Bi-fold doors, mixed seating options of wooden tables and chairs, wing backed arm chairs and Chesterfield style sofa's. On the far wall there is a unique mural that covers the entire wall framing a large flat screen entertainment unit.


Access to the bar is gained through a cottage style door which also leads to the Gentlemen's, Lady's and Disabled access rest room facilities , the left hand side is dedicated mainly to dinning with low beams, antique signs which all add to the ambiance and quality finish of the refurbishment.
The bar area is of brick construction with sold wood bar top hosting two x 5 high line beer taps and three real ale hand pulls. Under counter glass washer and two glass fronted under counter double bottle fridges, post mix station and EPOS. Back bar is also wooden toped with with wall optics and free pour bottles.

To the rear of the long bar area you will find the kitchen area and utility pot wash area, these large areas a beautifully appointed Altro flooring through out full stainless seal cabinets complete with refrigerators, freezers, prep and washing up areas. Full stainless steal extractor is in situ with gas multi ring gas hobs and salamander grills and Rational Combi oven worth over £10,000 alone!


This fantastic kitchen is immaculate and suited to cater for large numbers, it is every Chef's dream kitchen - let it do any recruitment for you!

Premises Licences & Staffing - License Hours 09:00 - 01:00

Price & Tenure - £600,000 FREEHOLD purchase of The Ship with tenant in situ.
£55,000 annual rent is payable quarterly in advance.
Superb Return On Investment.

Services - Property has main supplies of water, electric and gas

Epc - EPC currently in process

Trading Hours - 11:00 - 15:00 & 17:00 - 23:00 Tuesday to Thursday
11:00 - 00:00 Friday to Sunday

Finance - An early discussion about finance can often save time and disappointment, talk to KSA Commercial about securing independent financial advice from our list of approved brokers in our “One Stop Shop”

Viewings - Strictly by appointment with the vendors sole selling agents. Tel: 01780 435072 Email info@ksa-commercial.co.uk You are recommended to contact us in the first instance prior to visiting the property even for an informal viewing. Preferred viewing day is a Monday.


More information from this agent

Nearest station

  • Kings Lynn (11.6 mi)
Distances are straight line measurements from centre of postcode

To view this property or request more details, contact:

KSA Commercial , Lincolnshire

Unit 12 Glen Industrial Estate, Essendine, PE9 4LE

01780 695050 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

  • Kings Lynn (11.6 mi)
Distances are straight line measurements from centre of postcode

To view this property or request more details, contact:

KSA Commercial , Lincolnshire

Unit 12 Glen Industrial Estate, Essendine, PE9 4LE

01780 695050 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 27576175. 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 KSA Commercial , Lincolnshire. 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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*Guide Price: An indication of a seller's minimum expectation at auction and given as a “Guide Price” or a range of “Guide Prices”. This is not necessarily the figure a property will sell for and is subject to change prior to the auction.

Reserve Price: Each auction property will be subject to a “Reserve Price” below which the property cannot be sold at auction. Normally the “Reserve Price” will be set within the range of “Guide Prices” or no more than 10% above a single “Guide Price.”

Auction Fees: The purchase of this property may include associated fees not listed here, as it is to be sold via auction. To find out more about the fees associated with this property please call KSA Commercial , Lincolnshire on 0178 069 5050.


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