3 bedroom pub for sale

BERKSHIRE

£69,950

Property Description

Full description

Tenure: Leasehold, 18 years remaining

Ref 8146 LEASEHOLD

CENTRALLY POSITIONED WET LED VILLAGE INN FOR SALE OFFERING SCOPE TO INTRODUCE CATERING WITHIN THE HIGHLY DESIRABLE 'LAND OF THE RACEHORSE' BERKSHIRE VILLAGE OF LAMBOURN


Located in the heart of Lambourn, a village famous for its Horse Racing connections.
Lounge Bar/Dining Area (circa 40) with carpeted flooring, bar servery, wood panelling and TV's.
Public Bar (circa 40) offering tiled floors, bar servery, pool table and darts throw.
A 'racing community' public house attracting racing staff, jockeys, trainers and owners.
Three Bedroom Living Accommodation.
Advised turnover circa £336,000 (incl. VAT) for year ending 05/18 on 100% wet trade offering scope to introduce food.
Beer only partially tied renewable lease with 18 years remaining and a rent of only £25,500 per annum.

A TRADITIONAL INN SITUATED IN THIS LARGE BUSTLING BERKSHIRE VILLAGE

LOCATION
This traditional Inn is centrally located in Lambourn.
Lambourn is a large village in West Berkshire. It lies just off the M4 motorway between Swindon and Newbury and borders Wiltshire to the west and Oxfordshire to the north.
The village is world renowned for its Horse Racing connections and is home to many top trainers and jockeys along with a centre for injured jockeys, an equine hospital and the famous Lambourn Gallops.
The Lambourn Downs, part of the Berkshire Downs, are part of the North Wessex Area of Outstanding Natural Beauty.
The population of this large village is approx. 5,000. This bustling village is based around Horse Racing but also benefits from a Primary School, a range of shops, various sports teams and clubs and a leisure centre.

THE PROPERTY
This traditional Inn is of brick construction, under a pitched, tiled roof, occupying a central position within this sought after and famous Berkshire village.

The Lounge Bar/Dining Area (circa 40) is a traditional room benefitting from carpeted flooring, bar servery area, beamed ceilings, wood panelling and two TVs.

The Public Bar (circa 40) is a popular room with tiled flooring, pool table, darts throw, wood panelling and a modern feel.

This successful business is home to 2 Pool Teams and is the hub for the 'racing community'.

Ladies and Gents W.C.'s.

There is a Commercial Catering Kitchen with stainless steel appliances (not tested) and work surfaces.

The Ground Floor Cellar offers a python and cooler system.

OWNER'S ACCOMMODATION
The owner's accommodation is situated on the 1st floor and briefly comprises: Two Double Bedrooms, Single Bedroom/Office, Lounge and Bathroom.

EXTERNAL AREAS
To the rear of the building is a delightful Patio Terrace Area offering seating for approx. 30 customers along with a Smoking Shelter and Children's Area.
There is a Car Park for 12 cars.
Also to the rear is a detached building ideal for conversion into 2/3 letting bedrooms.

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 - Thursday 10am - Midnight
Fri - Sat 10am - 1am

Current opening hours are:

7 Days per week 10am - 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 18 years remaining of the Greene King full repairing and insuring, renewable agreement. We are advised that the inn is free of tie for wines, sprits, soft drinks and all ciders. We are informed that the rent is currently £25,500 per annum to be reviewed in 2021. 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 (no services seen or tested) and is heated by gas central heating. Business rates payable are advised as currently being circa £14,000 per annum.

THE BUSINESS
The current owners purchased the business 19 years ago and are looking to retire after enjoying their time in this lovely village.
This already busy business offers huge scope to introduce catering options along with possibilities to create letting bedrooms.
This offers a huge opportunity for new operators to introduce food that will inevitably increase turnover and profits.
Advised turnover for year ending 03/05/18 is circa £336,000 (inc VAT) on a 100% wet trade basis.

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.

Viewing appointments must be made by contacting Guy Simmonds.

Details Prepared: Sept 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

  • Hungerford (6.6 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

  • Hungerford (6.6 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 8146. 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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