4 bedroom pub for sale

SOUTH YORKSHIRE

£125,000

Property Description

Full description

Tenure: Leasehold

Ref 8058 LEASEHOLD


THRIVING AND PROFITABLE UNOPPOSED FREEHOLD EATERY AND INN WITH FUNCTION SUITE & 4 QUALITY BOUTIQUE LETTING ROOMS BEING OFFERED EITHER 'FREE OF TIE' LEASE OR FREEHOLD LOCATED IN THE VILLAGE OF AUSTERFIELD ON THE SOUTH YORKS/NOTTS BORDER


Sitting on the South Yorkshire/Nottinghamshire border close to the bustling market town of Bawtry and only a 10-minute drive from Robin Hood airport.

Open plan Lounge/Dining (110 covers) with quality furnishings, air conditioning, exposed wooden
beams to the ceiling and 2 open fireplaces.

Self-contained Function suite (100 occupancy) with air conditioning, cloth covered banqueting furniture, large dance floor and hot servery units : Split-level function suite garden area leads off (circa 40 covers).

4 top-quality boutique en-suite letting rooms.

Fully equipped and spacious commercial catering kitchen with 5* EHO and 2 walk-in fridges.

Highly attractive and colourful front patio area (circa 50+) ; Large Patron's car park.

Advised turnover of circa £753,085 (incl.VAT) to year end February 2018 on a trade split of 50% Food ; 30% Wet ; 10% Accommodation ; 10% Function sales.


AN EXCELLENT OPPORTUNITY TO PURCHASE THIS THRIVING HIGHLY DESIRABLE AND IMMACULATE VILLAGE INN


LOCATION

This substantial inn sits on a large plot on the main road running through the South Yorkshire village of Austerfield. The village is located within the borough of Doncaster (only 8 miles away) and is the original birthplace of the 'Pilgrim Father'. Austerfield sits on the edge of the Nottinghamshire border 1 mile from the market town of Bawtry and only 5 miles from the highly popular Robin Hood airport. The local motorway network is excellent with the A1, M18 and M180 all within easy reach.

THE PROPERTY

This desirable eatery and inn is of rendered brick construction with an attractive upper wooden façade and sits beneath a pitched, tiled roof.
The property is immaculate throughout and furnished in a modern and contemporary style to an exceptionally high standard.
A small entrance porch to the front provides access to main Lounge/Dining areas consisting of:
Open plan Lounge/Dining area (110 covers) is a spacious and well-presented area with unique and eye-catching wall coverings and a warm & welcoming atmosphere. The area has loose tables, chairs, poseur tables/high chairs all complimented by upholstered perimeter bench seating. Floor areas consisting of carpet, patterned ceramic tile, altico and flagstone slate add to the character. Exposed wooden ceiling beams look down on a well presented wooden bar server with 2 cask ales on offer and a separate coffee station to the side. The room is air conditioned, with 2 open fireplaces (currently not used) and a small discreetly wall mounted HDTV used for advertising.
Function suite (100 occupancy) leads off from the main trading area but also has private access from the rear. Loose cloth covered banqueting tables and chairs sit on a fully carpeted floor and can be laid out as desired to suit the occasion. The air-conditioned room has chandeliers that look down on an attractive altico dance floor and either side of the room are snug areas able to be used to accommodate entertainment equipment, buffet food or simply for storage. The room also has a bar server of wood construction and mobile hot servery units. Doors lead outside to a split-level patio Garden Area (circa 40 covers) with covered veranda and iron tables, chairs and wooden picnic benches set around colourful planters, troughs and bamboo plants.
There is a spacious fully equipped Commercial Catering Kitchen with stainless steel appliances and surfaces (equipment not tested) and 5* EHO rating. A dry goods store and wash up area lead off and there are also 2 x walk-in fridges.
Ground floor Beer Cellar with python system, pumps and remote. Further storage areas.
2 x Ladies, 2 x Gents, 1 x disabled/baby change.
CCTV throughout.

OWNER'S ACCOMMODATION

There is no owner's accommodation for this property due to creation of the boutique letting rooms. New owners could live off site or live in one of the letting suites.

LETTING ACCOMMODATION

Situated on the first floor and with private access are 4 very well-presented boutique en-suite letting rooms (2 suites & 2 luxury doubles with king size beds). All rooms have top quality furnishings, tea/coffee making facilities and WIFI. The rooms are highly popular all year round and attract many bookings from the nearby Robin Hood airport and regular weddings and functions.

EXTERNAL

To the front of the property is a delightful enclosed Garden Area with wooden picnic benches (circa 50+ covers) and shade sails all set around a slabbed patio and blue slate chipping floor cover. To the rear is the patron's floodlit Car Park with space for circa 50 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:
Mon - Thurs 11am to 11.30pm
Fri/Sat 9am to 1am
Sunday 12noon to 11.30pm
Current opening hours are:
Mon - Fri 12noon/2.30pm 5pm/11pm
Saturday 12noon to 11pm
Sunday 12noon to 8pm

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 is being offered for sale freehold (although we have not had sight of the title deeds) or as a new highly favourable 10-year Private FRI Lease Agreement as follows:

1. The asking premium will be £125,000.
2. The initial annual rent will be £60,000.
3. The annual rental is simply RPI linked to inflation every 3 years, hence no rent reviews.
4. Rent payable monthly or quarterly in advance.
5. Lease re-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.
8. We are advised that our vendor client would be agreeable to insert an 'Option to Purchase' clause within the lease agreement, to enable the lessee to subsequently purchase the freehold element at a price to be mutually agreed.

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 all mains services are connected (no services tested). Business rates payable are advised as currently being £26,100 per annum.

THE BUSINESS

The current owner purchased the property in March 2010 and following major refurbishment throughout has since established a thriving profitable food led business. This offers locally sourced home cooked food, drinks and comfortable accommodation to a loyal, repeat and desirable clientele. The business is currently operated by the owner assisted by a management team, circa 4 full time and circa 16-part time members of staff. This unopposed business sits at the centre of the local community and also offers food themed events, grill nights and a highly popular fish Friday.

We are advised that accounts declare takings of circa £753,085 (incl. vat) to year end February 2018. This was achieved on a trade split of 50% Food sales, 30% Wet, 10% Accommodation and 10% Function sales. We calculate reconstituted net profits after adding back director's salary, managers' wages, depreciation and personal/one off costs to be in excess of £108,000+. New owners could continue to operate the business using the same highly successful formula or may wish to take the business to the next level. In our opinion this could be achieved by introducing entertainment, cabaret evenings or similar to add to the already established thriving business.

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)

Nearest station

  • Doncaster (7.5 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

  • Doncaster (7.5 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 8058L. 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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