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5 bedroom pub for sale

LINCOLNSHIRE

Sold STC £260,000

Property Description

Full description

Tenure: Freehold

REF: 8080 FREEHOLD

CHARMING AND HIGHLY DESIRABLE FREEHOLD INN WITH 2 DELIGHTFUL EN-SUITE LETTING ROOMS AND A SELF-CONTAINED PADDOCK LOCATED IN THE PRETTY LINCOLNSHIRE VILLAGE OF STICKFORD


Traditional inn set on a large plot to the south of the Lincolnshire Wolds close to the A16 and within easy reach of Spilsby, Horncastle, Louth and Lincoln.

Bar area (c22+ plus standing) with exposed wooden ceiling beams, wood panelled walls, attractive slate floor and an open coal fire.

Queens Bar (c24+ plus standing) with exposed wooden ceiling beams, an attractive slate floor, wood panelled walls and an open coal fire.

Parlour (circa 14 covers) a multi-use room with an attractive Victorian range and open coal fire, solid pine floor and mobile carvery units.

2 stunning en-suite letting rooms.

Grassed al fresco garden area: Patron's car park.

Self-contained multi-use paddock area.

Fabulous 3 Bedroom owner's accommodation (including 2 converted attic rooms).

Advised annual turnover of circa £82,153 (incl.VAT) to end 31st March 2017 achieved on limited trading hours (personal choice/lifestyle) and a trade split of 75% Wet : 25% Food sales.

A RARE OPPORTUNITY TO PURCHASE THIS CHARMING AND CHARACTERFUL VILLAGE INN THAT OFFERS MANY UNTAPPED OPPORTUNITIES

LOCATION

This traditional unopposed inn sits on a circa 1-acre plot (not measured) in the sought after pretty Lincolnshire village of Stickford. The village is located only a stone's throw from the Lincolnshire Wolds and 6 miles from the bustling market town of Spilsby. Stickford is an excellent base for walkers, dog walkers, equestrian enthusiasts and tourists enjoying the well-kept secret of the beauty of Lincolnshire. It is also close to the Lincolnshire aviation heritage centre at East Kirkby. The towns of Horncastle, Boston and Louth are within easy reach and the famous cathedral city of Lincoln is a short and pleasant drive away. The nearby road networks are very good and the nearby A16 is complimented by a series of other 'A' roads providing access in and out of this beautiful county.

THE PROPERTY

This lovely village inn has parts that date back to the 18th century and is bursting with character and rustic charm throughout. The property is of brick construction and sits beneath a pitched, pan tiled roof on the main road running through the village. Entrances to the front and side provide access to all the trading areas. These consist of:
Bar area (c22+ plus standing) is a cosy room with a warm and welcoming atmosphere. Loose tables, chairs and stools are complimented by wooden perimeter bench pews and wood panelling to the surrounding walls. Exposed wooden beams to the ceiling look down on an attractive slate floor, an open coal fire and a wooden bar server sits in the corner with 1 cask ale on offer. The room also offers several games facilities and has a darts throw, hook the bull, and table football games. Concertina doors enable the room to be opened up if required for events and this leads directly in to:
Queens Bar (c24+ plus standing) has loose tables, chairs and scatter cushion covered perimeter bench pews all sitting on an attractive slate floor. Exposed wooden ceiling beams are complimented by wood panelled walls and there is a piano sat to the side just waiting to be played. There is a bar server of wood construction with 3 cask ales on offer and to one end of the room is an open coal fire set in an attractive exposed brick-built fireplace.
Parlour (c14+ covers) is a multi-use room with wood panelled walls and loose tables and chairs sat on a solid pine floor able to be laid out as desired and to suit the occasion. The room is suitable to be used for carvery dining, private parties/functions, private dining or meetings. To the side wall is an attractive Victorian range with built in coal fire and a surrounding carved stone fireplace. The room also has mobile carvery units able to be positioned as required and French doors lead directly out onto the side grassed garden area.
There is a partially equipped dual purpose Catering Kitchen with stainless steel appliances and surfaces (equipment not tested). There is a wash up area leading off, a utility room and
several external storage sheds and outbuildings.
Ground floor Beer Cellar with python system, pumps, remote and storage areas.
Ladies and Gents WC's.

OWNER'S ACCOMMODATION

The lovely owner's accommodation is situated on the first floor and briefly consists of: 1 double bedroom, a well-presented lounge with solid oak floor and log stove and a bathroom with a small dressing room off it. There are a
further 2 double converted attic rooms that provide opportunity for many uses (bedroom/office/play room/sewing room for example).

LETTING ACCOMMODATION

On the 1st floor of the property are 2 delightful and very well-presented en-suite letting rooms (both double) with tea/coffee making facilities & WIFI access. The letting accommodation is not currently marketed and these newly refurbished rooms provide immense opportunity to add additional income to the business.

EXTERNAL

To the side of the property is an L-shaped grassed al fresco garden area with wooden picnic benches (circa 30+ covers) and lovely established shrubbery borders. Also to the side is the patron's car park with spaces for circa 24 cars. To the rear of the property is a self-contained paddock that provides opportunity for many uses. This is currently used to host the annual village fete however in our opinion this area could also be used for glamping or camping (subject to relevant approval).
There has been pre-planning consultation regards an extension to the north of the property.
Also to the rear of the property is a cider making cabin complete with press that was very proud to be awarded Fenland CAMRA's cider pub of the year in 2017 (This facility is available by separate negotiation if desired).

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 9am to 2am
Current opening hours are
Mon/Tues Closed
Weds - Thurs 7pm to 10.30pm
Fri/Sat 4pm to 11pm
Sunday 12noon to close

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 all available
mains services are connected (no services tested) & the business uses Calor & electric for cooking and oil for heating. Business rates payable are advised as being circa £NIL per annum.

THE BUSINESS

The current owners purchased the freehold property in 2010 and have since created an enviable lifestyle business offering locally sourced home cooked food and drinks to a loyal, repeat and desirable clientele. Our vendor clients are now looking to retire from the business in order to take life at a more leisurely pace. The business is currently operated by the owners themselves and no staff are employed. Sitting in the heart of the community spirited village the inn plays host to themed events throughout the year, functions from the nearby church, a monthly music jam and an annual cider festival. The quality of the business however is recognised by the many excellent reviews on Trip Adviser and offers any prospective owner a solid base on which to grow and develop. We are advised that accounts declare takings of £82,153 (incl. vat) to end 31st March 2017. This was achieved on a trade split of 75% Wet sales and 25% Food sales trading on limited hours only through personal and lifestyle choice. New owners could continue to operate the business using the same formula or may wish to take the business to the next level and beyond. In our opinion this could be achieved by extending the opening hours, marketing the letting accommodation on national letting and tourist websites or exploring the many opportunities provided by the rear paddock area.

Further info see: www.redlionstickford.co.uk

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: April 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.


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