3 bedroom pub for sale

LINCOLNSHIRE

£199,500

Property Description

Full description

Tenure: Freehold

REF: 8089 FREEHOLD

TOTALLY REFURBISHED AND MOST DELIGHTFUL WELL-PRESENTED FREEHOLD INN LOCATED A STONES THROW FROM THE RIVER WELLAND IN THE LOVELY COLOURFUL LINCOLNSHIRE TOWN OF SPALDING

A substantial property located only a stone's throw from the River Welland and the main water taxi station, approx. 1-mile pleasant riverside walk from Spalding town centre.

Open plan L-shaped trading area (circa 40+) comprehensively refurbished in 2017 to an exceptional standard with exposed wooden ceiling and wall beams, exposed brickwork, lovely décor and top quality furnishings.

Large commercial kitchen space.

Ground floor beer cellar.

CCTV internal and external.

Small cosy al fresco patio area to the front : Hard standing patio area to the rear : Patron's car park.

Delightful 3 Bedroom owner's accommodation with private access.

Advised turnover circa £1,600 per week (incl.VAT) trading on reduced hours (only 3 days a week) from a standing start and on a trade of 100% Wet sales only.

A GREAT OPPORTUNITY TO PURCHASE THIS HIGHLY DESIRABLE REFURBISHED INN AND FAMILY HOME OFFERING FURTHER UNTAPPED OPPORTUNITIES
LOCATION
This desirable refurbished Inn is located in the South Holland district of Lincolnshire only a circa 1-mile pleasant riverside walk to Spalding town centre. Spalding is a picturesque market town set around the River Welland within the South Lincolnshire Fens and with a population in excess of c30,000 people. It is renowned for its acres of sky and glorious sunsets. With excellent schools, an array of shops and the popular and quirky Water Taxi, it comes as no surprise that Spalding and its surrounding areas has been listed by The Times as one of the best places in the country to live. Nearby points of interest include the lovely town of Market Deeping (10 miles) and the historic town of Stamford is a pleasant c19-mile drive away. The local road networks are very good with the A15, A16, A17, A47 and A52 all close by.

THE PROPERTY
The property is immaculate throughout and following refurbishment in 2017 has been furnished in a modern and contemporary style to an exceptionally high standard and with quality furnishings.

This lovely 2 storey inn is of stonewash rendered brick construction sitting beneath a pitched, slate roof. An entrance to the front provides access to the delightful open plan trading area. This consists of:

Open plan L-shaped trading area (circa 40+ plus standing) is an eye catching and desirable area with a warm and welcoming atmosphere. The room has loose tables and assorted tubs, poseurs, leather upholstered and dining chairs all sitting on an attractive quality Camaro floor. Exposed wooden pillars and beams to the ceiling and walls are complimented by below dado level wood cladding and there are areas of exposed brickwork throughout. There are 2 exposed brick-built fireplaces one having a built-in log burner and an electric fire in the other. There is also a very well-presented bar server of brick construction with 3 cask ales on offer and a ceramic tiled perimeter with a discreet wall mounted HDTV opposite.

There is a spacious Catering Kitchen area with fully skimmed plastered walls and a cooker hood canopy over. This area is ready to be kitted out with catering equipment and appliances (not included) in order to introduce a food offer to the business.

Ground floor Beer Cellar with cask tilts, python system, pumps and remote.

Ladies and Gents WC's.

CCTV internal and external.

OWNER'S ACCOMMODATION
The desirable owner's accommodation has private access and is situated on the ground and first floor. This briefly consists of: 3 double bedrooms, a lounge, fitted kitchen and bathroom with separate WC. As with the trading areas this was also fully refurbished throughout and is presented in an excellent condition.

EXTERNAL
To the front of the property is a small delightful 'al fresco' 'sun trap' patio area with a bistro style table and chairs and colourful surrounding pots and planters. To the rear of the property is a hard-standing patio area with wooden picnic benches (circa 20+) and outdoor tables and chairs. Also to the rear is the patron's car park with space for circa 10 cars however on street parking is readily available nearby.

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 11am to 11pm
Sunday 12noon to 10.30pm

Current opening hours are
Mon - Thurs Closed
Friday 3pm to 11pm
Saturday 12noon to 11pm
Sunday 12noon to 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 property and business are being offered for sale freehold (although we have not had sight of the title deeds). We are advised that all mains services are connected (no services tested). Business rates payable are advised as being £NIL per annum.

THE BUSINESS
The current owners purchased the freehold property in July 2016 and immediately set to the task of comprehensively refurbishing the premises from top to bottom. The business opened in December 2017 and offers quality drinks and ales to a mature, loyal, desirable and friendly clientele. Currently operated by the owners themselves with no other staff members the business has been welcomed by the local community. Offering occasional live entertainment, a rotating cask ale cycle and themed events (including the Royal Wedding) the business sits at the heart of the local community. Our vendor clients are reluctantly looking to sell the freehold on due to having other business interests and little time to pay them any attention. In our opinion this business provides many untapped opportunities. We are advised that the turnover of the business since re-opening is circa £1,600 per week (incl. vat) 100% wet sales. This has been achieved from a standing start and trading on only 3 days a week. In our opinion this could increase substantially. New owners could however continue to operate the business using the same formula or they may wish to take the business to the next level and beyond. This could be achieved by taking advantage of the obvious opportunity to extend the opening hours, introducing a food offer to the business or even creating a large patio beer garden to the rear.

There is no accounting information available for this business.

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.


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

  • Spalding (1.0 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

  • Spalding (1.0 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 8089. 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.

* Average speeds are based on the download speeds of at least 50% of customers at peak time (8pm to 10pm) from packages available on comparethemarket.com. Speed can be affected by a range of technical and environmental factors. The speed you receive where you live may be lower than that listed above. You can check the estimated speed to your property prior to purchasing. Fibre/cable services at your postcode are subject to availability. You can confirm availability on the provider's website. Providers may increase charges. You should have the right to exit your contract without penalty if this happens. The information is provided and maintained by Decision Technologies Limited.

Map data OpenStreetMap contributors.