2 bedroom pub for sale

WARWICKSHIRE

Sold STC £39,950

Property Description

Full description

Tenure: Leasehold

REF: 8017 LEASEHOLD

A 16TH CENTURY COTSWOLD STONE LEASEHOLD VILLAGE INN & RESTAURANT LOCATED WITHIN THE AFFLUENT WARWICKSHIRE VILLAGE OF GAYDON, CLOSE TO STRATFORD UPON AVON AND THE M40

Lovely location in the heart of Gaydon, a sought after village close to the M40 and Stratford upon Avon.

Extremely well located with 'brown signs' and 1 mile from Junction 12 of the M40. Very close to British Motor Museum, Jaguar Land Rover & Aston Martin.

Superb Lounge Bar/Dining Area (circa 35) with carpeted floors, beams and log burner fireplace.

Intimate Restaurant (circa 36) benefitting from carpeted floors and feature fireplace.

Snug Area (circa 12).

Patio Terrace Area (circa 40 customers).

Large Car Park & 2 Bed Living Accommodation.

Advised turnover circa 354,397 (incl. VAT) for year ending 08/17 with a trade split of 53% food & 47% wet.

Beer only partially tied renewable lease.

Major entry in The Good Pub Guide since 2004, Certificate of Excellence award on Trip Advisor and 4.5 star rating on Google.

A BUSINESS OFFERING UNTAPPED POTENTIAL WITH 3,000 NEW HOUSES AND 12,000 EMPLOYEES WITHIN 2 MINUTES DRIVE.

LOCATION
This desirable leasehold Village Inn is situated within Gaydon, Warwickshire.
Gaydon is located within a mile of Junction 12 of the M40 motorway and sits just 12 miles from Stratford upon Avon and 9 miles to Warwick. The close proximity to the M40 motorway offers both easy access to London and Birmingham along with a popular meeting point for motorway goers.

The area is extremely popular with visitors looking to explore such attractions as Warwick & Kenilworth Castles, Stratford upon Avon and its Shakespearean connections along with The Heritage Motor Centre.

The business attracts custom from The Land Rover Centre and its 6,000 employees and the village is due to expand with 3,000 houses due to be built shortly.

THE PROPERTY
This stunning Village Inn & Restaurant is of stone construction, under a pitched, tiled roof, occupying a central position within this popular Warwickshire village.

The Lounge Bar/Dining Area (circa 35) is an inviting trading area that offers a mix of wood and carpeted flooring, beamed ceilings, bar servery area, exposed brick walls and a lovely log burning fireplace.

The Restaurant (circa 36) has an intimate feel that benefits from carpeted flooring, a feature fireplace and beamed ceilings.

The Snug Area (circa 12) is situated on two floors overlooking the bar area offering casual sofas and a private dining area.

Ladies and Gents W.C.'s.

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

The Ground Floor Cellar offers a python and cooler system.

OWNER'S ACCOMMODATION
The owner's accommodation is situated on the 1st and 2nd floors and briefly comprises: Two Double Bedrooms (1 En-Suite), Lounge, Kitchen-Diner and Bathroom all presented to a good standard.

EXTERNAL
To the front of the building is a Patio Terrace Area offering seating for approximately 40 customers.
To the side of the business is an extensive Car Park for 25 cars.
The business also offers a storage garage and dry store.

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 9am - 1am
Sunday 9am - Midnight

Current opening hours are:

Mon - Thurs 11am - 3pm
5pm - 11pm
Fri - Sat 11am - 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 business is offered for sale as a lease assignment with approximately 5 years remaining of the Enterprise Inns' full repairing and insuring, renewable agreement. We are advised that the inn is free of tie for wines, sprits, soft drinks, ciders and 1 Guest Ale. We are informed that the rent is currently 34,500 per annum to be reviewed in 2022. 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 electric and water services (no services seen or tested) and LPG. Business rates payable are advised as currently being circa 14,000 per annum.

THE BUSINESS
The current owners purchased the business in 2000 and are offering the business in excellent condition with a solid trading foundation and have thoroughly enjoyed their 17 years. The business has a good mix of wet and dry trade and new owner operators will benefit from a loyal clientele as well as having the opportunity to build with their own ideas. The business has been a major entry in The Good Pub Guide since 2004, has a Certificate of Excellence on Trip Advisor and also has a 4.5 Star Rating on Google.
Advised turnover for year ending 08/17 is circa 354,397 (inc vat) with a trade split of 53% food and 47% wet.

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 station

  • Leamington Spa (7.6 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

  • Leamington Spa (7.6 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 8017. 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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