3 bedroom pub for sale

WORCESTERSHIRE

£49,950

Property Description

Full description

Tenure: Leasehold

REF: 8118 LEASEHOLD

CHARACTERFUL AND DESIRABLE GRADE II LISTED INN AND RESTAURANT LOCATED IN THE HEART OF MALVERN, A LOVELY SPA TOWN AT THE FOOT OF THE MALVERN HILLS, WORCESTERSHIRE



Excellent centrally located position within this lovely Spa Town.

Lounge Bar (circa 40) benefits from wooden floors, bar servery, beams and views over the garden area.

The Dining Room (circa 25) offers solid wood flooring, beams and exposed stone walls.

Independent Restaurant (circa 30 covers) is a self contained restaurant with own entrances and bar.

Lovely Patio Terrace Garden with seating for 50.

Two Commercial Catering Kitchens

Nice 3 Bedroom Living Accommodation.

We are advised that turnover for y/e 04/18 is £342,420 (inc vat) with a trade split of 50% food & 50% wet.

7 yrs left on a Renewable Marston's lease with a rent of £37k.



A CHARMING INN WITH AN INDEPENDENT RESTAURANT SET IN A
LOVELY SPA TOWN


LOCATION

This busy Inn & Restaurant is located on St Ann's Rd, in the heart of Great Malvern amongst the shops and offices.
Malvern is a Spa Town in Worcestershire sitting at the foot of the Malvern Hills, a designated Area of Outstanding Natural Beauty.
The centre of Malvern, Great Malvern, is a historic conservation area which grew dramatically in Victorian times due to the natural water springs including Malvern Water.
At the 2011 census it had a population of 29,626 which included Great Malvern, Malvern Link and North Malvern.
Malvern is an impressive shopping destination thanks to its hillside setting and is renowned for its 'arty' feel offering a range of antique shops, art galleries and bookshops.

THE PROPERTY

This Inn & Restaurant is an attractive and impressive 2-storey Grade II Listed property of stone construction under a pitched, tiled roof occupying a pleasant location in the heart of the town.

The Lounge Bar (circa 40) is a popular room offering solid wood flooring, bar servery, beams and views over the garden areas.

The Dining Area (circa 25) is in keeping with the Lounge Bar and benefits from solid wood floors, exposed stone walls and beamed ceilings.

The Restaurant (circa 30) is a completely self-contained area that offers its own entrances, frontage and bar area. The restaurant currently trades with Thai Cuisine.
The Lower Ground Floor Cellar benefits from coolers and python system.

Ladies and Gents W.C.'s.

There is a Commercial Catering Kitchen with stainless steel appliances and work surfaces (appliances not tested) with a separate Wash Up and Preparation Area. There is a further kitchen on the 1st floor that is unused.

OWNER'S ACCOMMODATION

The owner's accommodation is situated on the 1st floor and briefly comprises: Two Double Bedrooms, Single Bedroom, Lounge, Fitted Kitchen, Bathroom and Office Area with a Roof Terrace.

EXTERNAL

To the front of the property is a delightful Patio Terrace Area with seating for approx. 50 customers and also offers a Smoking Solution. This area is set on a few levels and is a suntrap.

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:

7 days per week 11am - 11pm

Current opening hours are:

Sun- Thursday 5pm - 11pm
Fri - Sat Midday - 11pm


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 7 years remaining of a Marston's full repairing and insuring, renewable agreement. We are advised that the business is ties for wet products. We are informed that the rent is currently £37k with the next rent review due in 2019. 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 services and is heated by gas central heating. (no services seen or tested). Business rates are advised as currently being circa £6,000 payable per annum.

THE BUSINESS

The current owners purchased the business in 2009 and are offering the property in excellent condition throughout as well as being a profitable and well established business.
The business offers further potential with longer opening hours and further catering options. This business is unique with its own separate restaurant running completely independently to the Inn & Dining Area.
We are advised the turnover for year ending 04/18 is £342,420 (inc vat) with a trade split of 50% wet and 50% food.
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.

Details Prepared: July 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 stations

  • Great Malvern (0.6 mi)
  • Malvern Link (1.1 mi)
  • Colwall (2.5 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 stations

  • Great Malvern (0.6 mi)
  • Malvern Link (1.1 mi)
  • Colwall (2.5 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 8118. 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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