2 bedroom pub for saleGLOUCESTERSHIRE
Ref 7929 LEASEHOLD
FULLY REFURBISHED AND REDECORATED GRADE II LISTED INN WITH RESTAURANT SITUATED WITHIN THE POPULAR GLOUCESTERSHIRE MARKET TOWN OF NEWENT OFFERED ON A NEW 'FREE OF TIE' LEASE AGREEMENT
• Superb position in the heart of Newent, a quaint Gloucestershire market town.
• Fully Refurbished Trading Areas including a Lounge Bar (circa 60) with wood floors and two log burning fireplaces along with a Dining Room (circa 30) offering an inglenook fireplace and solid wood floors.
• 2 Bedroom Living Accommodation.
• Further rooms with potential for letting accommodation on the 1st and 2nd floors (subject to any necessary consents)
• Spacious Patio Terrace Area & Lawned Garden (circa 60).
• Large Car Park.
• Currently closed due to refurbishment.
• New 10 Year 'Free of Tie' Lease with an initial rent of £20k per annum.
A FULLY REFURBISHED INN WITH DINING AREA BEING OFFERED AS A 'FREE OF TIE' LEASE
This fully refurbished Grade II Listed Inn with Restaurant Area is situated in the heart of Newent on Church St and within the county of Gloucestershire.
Newent is a desirable market town and civil parish about 8 miles north west of Gloucester and 10 miles from the Spa town of Cheltenham, on the northern edge of the Forest of Dean.
The town has a population of just over 5,000 residents.
This historic town was featured in the Domesday Book and benefits from some lovely half-timbered buildings.
This affluent market town is thriving with a good range of local shops and amenities including good schooling.
The property is Grade II Listed and is built of brick construction under various pitched tiled roofs and benefits from a prominent corner position in the heart of Newent, Gloucestershire.
The Lounge Bar/Dining Area (circa 60) offers laminate wood floors, two lovely fireplaces, beamed ceilings, bar servery and lovely wood panelling along with quality furnishings.
The Restaurant (circa 30) is an independent room that benefits from laminate wood flooring, an inglenook fireplace and wood panelling along with a good range of fixtures and fittings.
All training areas have been recently refurbished to a good standard.
Ladies & Gents W.C's.
There is a good size Commercial Catering Kitchen with stainless steel appliances (not tested).
The Lower Ground Floor Cellar has a python system and coolers.
Located on the First Floor and comprising of Five Double Bedrooms, Lounge and Bathroom. On the 2nd Floor is a further 4 Double Rooms, Kitchen Area and Bathroom. Currently there are two double bedrooms, lounge and bathroom on the 1st floor that have been refurbished.
This property offers a pleasant Front Patio Terrace Garden with a Terraced Area offering seating for approximately 60 customers along with a Smoking Shelter and Lawned Area.
To the front of the property is a Car Park for 36 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:
7 days per week10am - Midnight
Current opening hours are:
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.
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 £25,000.
2. The initial rent will be £20k per annum, rising to £25k after the first year.
3. The annual rental is simply RPI linked to inflation every 5 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.
Our vendor clients purchased the business in 2016 and have been refurbishing the property over the last 6 months. The business has been very successful in the past and following a full refurb is being offered on a lucrative 'free of tie' lease agreement. This is a fantastic opportunity for new operators to establish their own business and put their stamp on this delightful property.
The property 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 via 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)
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Disclaimer - Property reference 7929L. 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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