8 bedroom pub for sale

LEICESTERSHIRE

£79,995

Property Description

Full description

Tenure: Leasehold

REF: 7888 LEASEHOLD

HIGHLY IMPRESSIVE AND SUBSTANTIAL GRADE II LISTED HOTEL INN AND RESTAURANT LOCATED IN THE HEART OF THE LEICESTERSHIRE MARKET TOWN OF MARKET BOSWORTH


Historic Leicestershire market town location nestled between the M42, M1 and M69 motorways only 3 miles from the famous battlefield heritage centre.

Main Bar (c50+ plus standing) with poseur tables, booth style soft seating and exposed brickwork : Separate corridor linked Pool room.

Restaurant (34 covers) with a highly popular Italian theme and exposed brick built open fireplaces.

5 En-suite letting rooms/Opportunity to add more.

Below ground floor Medieval Function room (c70) with flagstone floor and exposed brickwork. : 1st Floor Function Room (c150) currently unused.

Spacious Al Fresco patio (circa 40+) with pergola.

Fully equipped commercial catering kitchen with 5* EHO rating and separate log fired pizza oven.

Substantial 3 double bedroom owners' accommodation.

Advised turnover circa £462,661 (incl. VAT) for year ending 5th April 2016.

Trade 74% Wet : 20% Food : 6% Accommodation sales.

Respectable brewery lease with 'attractive off invoice discounts'.

A FANTASTIC OPPORTUNITY TO ACQUIRE A UNIQUE BUSINESS OFFERING FURTHER UNTAPPED POTENTIAL IN A HIGHLY DESIRABLE LOCATION

LOCATION
This delightful Grade II Listed former coaching inn is located in the historic and highly sought after town of Market Bosworth that lies deep in the heart of Leicestershire's rich countryside. Market Bosworth is surrounded by several other affluent towns and villages and is frequented by tourists all year round. The famous battlefield heritage centre is only 3 miles away and other nearby points of interest include Twycross zoo (7 miles), the town of Hinckley (8 miles) and the thriving city of Leicester is only 13 miles away. The local motorway networks are excellent with the M1, M42 and M69 all within easy reach.

THE PROPERTY
This 3-storey property is of rendered brick construction and sits under a pitched, tiled roof on the main road running through the town. Entrances to the front and rear of the property provide access to all the trading areas. These consist of:

Main Bar (circa 50+ plus standing) is full of character and rustic charm. The room has loose tables, poseur tables and high chairs, leather tubs and low stools all complimented by booth style soft seating. There is a solid oak floor, areas of exposed brickwork and an open coal fire to one end. A long return well stocked bar server of wood construction offering 3 cask ales sits opposite a wall mounted HDTV and there is a separate Pool Room that is corridor linked from the main bar.

Restaurant (34 covers) has a warm and cosy ambience with loose tables and assorted chairs all sitting on a solid oak and laminate floor. Exposed wooden beams to the ceiling and an open coal fire to either side make this area a pleasant dining experience. The restaurant currently trades with a highly popular Italian theme and has done so successfully for many years past.

Below Ground Floor Medieval Function Room (circa 70 occupancy) is a multi-functional linked room and has a private entrance and WC facilities. This really is a quirky area with wooden tables and benches that can be laid out to suit the occasion. A full flagstone floor and exposed brickwork throughout add to the character and there is a wooden bar server in a room leading off. This area is dehumidifier heated and can be used for medieval banquets, meetings, functions or parties.

There is a further Function room (circa 150 occupancy) located on the 1st floor of the property with a stage area and dance floor however this room is currently unused and derelict. This provides immense opportunity to be developed to enable function room use or could even be developed to create further letting accommodation.

Ladies and Gents W.C.'s / CCTV Inside & Out.

There is a fully equipped commercial catering Kitchen with stainless steel appliances and surfaces (appliances not tested) and 5* EHO rating. A further kitchen area with log fired pizza oven (imported from Italy) and pot wash/dessert prep area lead off from either end. There is also a below Ground Floor Cellar with python, remote and pumps etc.

OWNER'S ACCOMMODATION
The substantive owner's accommodation is situated on the 2nd floor and briefly comprises: 3 double bedrooms (1 en-suite), lounge, kitchen and bathroom.

LETTING ACCOMMODATION
Situated on the first floor and with private access are 5 well presented En-suite letting rooms (3 x Double / 1 x Family room with exposed ceiling beams / 1 x Twin) all with Tea/Coffee making facilities, TV and WIFI. There are further areas on the same floor that could in our opinion be easily converted to provide further en-suite rooms or even a master suite.

EXTERNAL
To the rear of the property is a lovely enclosed and well-lit courtyard area (circa 40+) with wooden picnic benches and garden furniture sitting on a slabbed and concrete floor. There is a covered pergola area and retractable awning to either side complimented by colourful hanging baskets, planters and troughs. Also to the rear is the patron's car park with space for circa 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:
Mon- Sun 11am to 11pm
Current opening hours are:
Mon - Sat 11am to 11pm
Sunday 11am to 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 business is offered for sale as a lease
assignment with approximately 10 years remaining
of the Marston's Inns and Taverns full repairing and insuring, renewable agreement. We are advised that the inn is fully tied on all products however attracts off invoice discounts of £50 per barrel on most draught products. We are informed that the rent is currently £46,000 per annum to be reviewed in 2022. We are also 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 mains services (no services seen or tested). Business rates payable are advised as currently being circa £11,800 per annum.

THE BUSINESS
The current owners took over the business in 2012 after having been employed as managers since 2004. They have since created a thriving business renowned for offering quality Italian food, drinks and comfortable accommodation to a loyal, repeat and desirable clientele. The business is currently run by our vendor clients themselves assisted by circa 5 full and circa 10-part time members of staff. The business sits at the centre of the local community and not only offers a monthly quiz, open mic and live entertainment nights but also provides a highly popular take away pizza service. We are advised that accounts declare takings of circa £462,661 inclusive of VAT for year ending 5th April 2016 on a trade split of 74% Wet, 20% Food and 6% Accommodation sales. New owners could continue to operate the business using the same successful formula or they may wish to take the business to the next level by exploring the development of further letting rooms, developing the function room and driving the business harder through social media activity.

Further info see: www.dixiearmshotel.co.uk

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.


Nearest station

  • Hinckley (6.3 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 station

  • Hinckley (6.3 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 7888. 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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