3 bedroom pub for sale

WARWICKSHIRE

£75,000

Property Description

Full description

Tenure: Leasehold

REF:7932 LEASEHOLD

BEAUTIFULLY LOCATED RIVERSIDE VILLAGE INN FOR SALE WITH RIVER MOORINGS AND HIGH TURNOVER LOCATED NEXT TO THE BRIDGE WITHIN BIDFORD ON AVON, WARWICKSHIRE



Beautifully situated on the banks of the River Avon along with being in the heart of Bidford on Avon.

Traditional and well presented trading areas with a Lounge Bar (circa 45) and a Public Bar (circa 16).

Lovely Restaurant (circa 40) offering river views, log burner and solid wood floors.

Stunning Riverside Terrace Area (circa 24), Riverside Garden (circa 60), along with River Moorings.

Large Car Park for 30 cars and Commercial Catering Kitchen with Prep Area.

Spacious 3 Bedroom Living Accommodation.

We are advised turnover for y/e 07/16 is 567,928 (inc VAT), trade split of 80% wet & 20% food.

Renewable lease with a rent of only 26,500 on a partial tie agreement.


RARE RIVERSIDE INN WITH EXCELLENT TURNOVER AND LOW RENT



LOCATION

This traditional and extensive riverside Inn with river moorings sits on the banks of the River Avon and next to the ancient bridge.
Bidford on Avon is a large village and civil parish in the Shakespearean county of Warwickshire. According to the 2001 census it had a population of 4,830.
Bidford on Avon is, as its name suggests, situated on the River Avon, some 7 miles downstream of Stratford upon Avon and about the same distance upstream of Evesham.
The village sits on the Heart of England Way, a popular walk.
The village is a bustling one and has a very active community and parish council. There are many groups, clubs and societies along with a range of shops and amenities.
It is home to Bidford on Avon Primary School.

THE PROPERTY

This riverside detached inn is of brick construction, under a pitched, tiled roof, occupying a delightful riverside location next to the bridge within the village of Bidford on Avon.

The Lounge Bar (circa 45) is a traditional room offering a warm and comfortable feel.
The bar area benefits from solid wood flooring, bar servery, two open fireplaces and beamed ceilings.

The Restaurant (circa 40) benefits from lovely river views. The room offers solid wood floors, log burning fireplace and quality furnishings.

The Public Bar (circa 16) is another traditional room ideal as a local's bar and offers an open fireplace, bar server, slate tiled floors and beamed ceiling.

Ladies and Gents W.C.'s.

There is a well equipped Commercial Catering Kitchen with stainless steel appliances (not tested) and work surfaces along with Prep Area and Wash Up.

There is a Lower Ground Beer Cellar with coolers, racks and a python system.

OWNER'S ACCOMMODATION

The owner's accommodation is situated on the 1st floor and briefly comprises: 3 Double Bedrooms, Fitted Kitchen, Lounge, Bathroom and Roof Terrace with river views.

EXTERNAL

To the rear of the property is a lovely Riverside Decked Terrace Area (circa 24) and Riverside Lawned Garden (circa 60). The external areas are stunning.
To the side of the property is a large car park for 30 cars.
The business also benefits from River Moorings.

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:

7 days per week 11am - Midnight

Current opening hours are:

Mon 4pm - Midnight
Tues - Sun 12 noon - Midnight

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 4 years remaining of the Enterprise Inns' full repairing and insuring, renewable agreement. We are advised that the inn is free of tie for wines, spirits and minerals. We are informed that the rent is currently only 26,500 per annum with no RPI increases and the next rent review not due until 2021. We are 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 all mains services (no services seen or tested). Business rates are advised as currently being circa 11,000 payable per annum.

THE BUSINESS

The current owners purchased the business in 2014 as a family concern and are offering the property in excellent condition throughout. Our vendor clients have built up a strong and loyal clientele along with benefitting from the superb riverside location.
The business offers huge potential to increase the catering as the current owners have concentrated on the wet trade along with increasing the opening hours.
We are advised the turnover for y/e 07/16 is 567,928 (inc vat) with a trade split of 80% wet and 20% food with a reconstituted net profit of 58,000.
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.


Energy Performance Certificates (EPCs)

Nearest stations

  • Honeybourne (4.5 mi)
  • Evesham (5.9 mi)
  • Wilmcote (5.9 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

  • Honeybourne (4.5 mi)
  • Evesham (5.9 mi)
  • Wilmcote (5.9 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 7932. 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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