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2 bedroom pub for sale

LINCOLNSHIRE

£275,000

Property Description

Full description

Tenure: Freehold

REF:8059 FREEHOLD

Lincolnshire village location nestled between A15 and A16 within easy reach of Metheringham, Woodhall Spa, Horncastle and Lincoln.


Trading areas extended and comprehensively refurbished in 2013 to an exceptional standard.

Lounge (c24+ plus standing) with exposed brick-built fireplace.

Restaurant (24 covers).

Snug (c24 plus standing) with darts throw and HDTV.

Fully equipped commercial catering kitchen.

Enclosed Al Fresco grassed garden and patio area : Patron's car park.

Delightful 2 Bedroom owner's accommodation.

Advised turnover circa £121,142 (incl.VAT) to 31st March 2017 achieved on 'reduced trading hours'. Trade split - 60% Food ; 40% Wet.

Genuine retirement sale.

Suitable for any style world cuisine restaurant.


A GREAT OPPORTUNITY TO PURCHASE THIS DESIRABLE VILLAGE INN OFFERING FURTHER UNTAPPED OPPORTUNITIES

LOCATION

This delightful well-presented inn is situated in the heart of the lovely expanding Lincolnshire village of Martin sitting to the west of the Lincolnshire Wolds. Martin currently has plans for a further 45+ houses to be newly built and currently has a Primary school and nursery, a church and a village hall. Local shops and amenities can found in the nearby village of Metheringham only 4 miles drive away. The highly popular tourist's village of Woodhall Spa famous for its peaceful and relaxing atmosphere, popular golf course, Kinema in the woods and RAF links is only 5 miles away. Other nearby points of interest include Jubilee Park (highly popular caravan and camping facility), the historic town of Horncastle (11 miles) and the famous cathedral city of Lincoln is only 13 miles away. The nearby road networks are excellent and the A15, A16 and A17 all set amidst a series of other 'A' roads provide access throughout this beautiful county.

THE PROPERTY

This lovely 2 storey village inn is of brick construction and sits beneath a pitched, slate roof on the main road running through the village.
The property is immaculate throughout and following refurbishment in 2013 has been furnished in a modern and contemporary style to an exceptionally high standard.
Entrances to the front and rear provide access to all the trading areas. These consist of:
Lounge (circa 24+ plus standing) is a lovely room to the front of the property with a warm and welcoming atmosphere. The room has loose tables and chairs complimented by wooden bench pews all sitting on a fully carpeted floor. To one end of the room is an exposed brick-built fireplace with electric fire and feature log display. To the other end of the room is a well-presented bar server of wooden construction with 2 cask ales on offer. An archway leads through to:
Restaurant (24 covers) is a light and bright room with loose tables and chairs all sitting on a fully carpeted floor. The room has below dado wood cladding and overlooks the sunny rear garden area.
Snug (circa 24 plus standing) is a lovely room to the front of the property with loose tables, chairs and wooden bench pews and a fully carpeted floor. There is also an HDTV, darts throw and wooden bar server.
There is a spacious fully equipped commercial Catering Kitchen with 5* EHO rating and stainless-steel appliances and surfaces (equipment not tested). A wash up, dry goods store and fridge/freezer storage area leads off.
Ground floor Beer Cellar with python system, pumps and remote.
Ladies, Gents and accessible WC's.

OWNER'S ACCOMMODATION

The spacious owner's accommodation is situated on the first floor and briefly consists of: 2 bedrooms (1 double/1 single), a lounge, fitted kitchen and bathroom. As with the trading areas this was also fully refurbished throughout and is presented in an excellent condition.

EXTERNAL

To the rear of the property is a delightful 'al fresco' 'sun trap' garden with grassed and patio areas and wooden picnic benches (circa 30+ covers). Also to the rear/side of the property is the patron's car park with space for circa 6 cars however on street parking is readily available throughout the village.

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:
Sun - Thurs 11am to midnight
Fri - Sat 11am to 1am

Current opening hours are

Monday Closed
Tues-Thurs 5pm to close
Fri - Sat 11am/2pm 5pm/close
Sunday 12noon to 4pm

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 property and business are being offered for sale freehold (although we have not had sight of the title deeds). We are advised that mains services are connected (no services tested) and the business uses Calor for cooking and heating. Business rates payable are advised as being £NIL per annum.

THE BUSINESS

The current owners purchased the freehold property in September 2013 and immediately set to the task of extending and comprehensively refurbishing the premises from top to bottom. The business is currently operated by the owners assisted by circa 4-part time/casual members of staff and is currently trading on reduced hours through their own lifestyle choice. Our vendor clients are now looking to sell the freehold on in order to be able to take life at a more leisurely pace. Currently offering locally sourced home cooked food and drinks, occasional live entertainment and race nights to a loyal, repeat and desirable clientele the inn sits at the centre of the local community. In our opinion this business provides many untapped opportunities. We are advised that accounts declare takings of £121,142 (incl. vat) to end 31st March 2017 achieved on a trade split of 60% Food and 40% Wet sales (on minimal trading hours). New owners could continue to operate the business using the same formula or may wish to take the business to the next level. This could be achieved by taking advantage of the obvious opportunity to extend the opening hours whilst introducing a regular quiz, entertainment and themed food events (for example) to create a thriving community local feel.

Limited accounting information will be made available to interested parties after viewing.

The property 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 via Guy Simmonds.

Details Prepared: March 2018

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)

Map & Street View

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