6 bedroom pub for sale

Pembrokeshire

£1,250,000

Property Description

Full description

Tenure: Freehold

REF: 8285 FREEHOLD


SIMPLY STUNNING, THRIVING AND HIGHLY PROFITABLE FREEHOLD / 'FREE OF TIE' COASTAL INN & RESTAURANT WITH LETTING BEDROOMS SITUATED WITHIN THE DELIGHTFUL HARBOURSIDE VILLAGE OF SOLVA, ON THE BEAUTIFUL PEMBROKESHIRE COAST


Beautifully positioned within this extremely popular Harbourside Village, close to St David's.

Lounge Bar/Dining Area (circa 40) with solid wood & slate tiled flooring, bar servery and exposed stone.

Lovely Restaurant & Snug Dining Room (circa 56) offering carpets, beams and wood panelling.

5 Superb En-Suite Letting Bedrooms.

Car Park & Commercial Catering Kitchen.

Popular Patio Terrace Area (circa 36).

Detached 1 Bedroom Apartment.

We are advised turnover for y/e 12/18 is £830,000 (inc vat) with a trade split of 62% food, 24% wet & 14% letting and an impressive recon net profit of over £200,000.

Freehold or Lucrative 'Free of Tie' Lease with an Option to Purchase if required.


EXTREMELY BUSY AND HIGHLY PROFITABLE HARBOURSIDE VILLAGE INN


LOCATION
This very busy and extremely popular Harbourside Village Inn & Restaurant with Letting Bedrooms is located within the sought after village of Solva.
Solva is nestled in the Pembrokeshire National Park, a few miles from St David's, it boasts a bustling quay and a charming High St with craft shops and art galleries. Solva and St David's are a tourist hotspot within the area and attracts huge numbers throughout the year with its lovely Blue Flag Beaches, sublime walks on the Pembrokeshire National Coast path, spectacular views and a wide range of water based activities including Sailing, Sea Angling and Sea Rowing.


THE PROPERTY
This thriving and highly profitable Grade II Listed Freehold/'Free of Tie' Harbourside Village Inn with Letting Bedrooms is built of local stone construction, under a slate roof, occupying a prime position within the village.

The Lounge Bar/Dining Area (circa 40) is an inviting area with a mix of solid wood and slate tiled flooring along with a bar servery area, exposed stone walls and doors to the Patio Terrace.

The Restaurant (circa 36) benefits from carpeted flooring, exposed stone walls, beamed ceilings and lovely furnishings.

The Snug Dining Room (circa 20) is a cosy room offering carpeted flooring and wood panelling.

Ladies and Gents W.C.'s + disabled facilities.

There is an excellent equipped Commercial Catering Kitchen with stainless steel appliances and work surfaces (appliances not tested) along with a separate wash up area.

There is a Ground Floor Cellar with python and cooler systems.

LETTING BEDROOMS
Located on the First and Second Floors are 5 Lucrative Letting Bedrooms that are all presented to a very high standard and are completely individual. There are 3 Double En-Suite Bedrooms, 1 Twin En-Suite Bedroom and 1 Family En-Suite Room.

OWNERS ACCOMMODATION
Located to the rear of the main building there is a separate newly built one bedroom apartment unit offering a Double Bedroom, Lounge, Kitchen and Bathroom.

EXTERNAL
To the front of the property is a very pleasant Patio Terrace Area for approx. 36 customers offering views down the Main Street and an ideal position to watch the world go by!
Also, to the front there is parking for 6 cars, along with on street parking and a large public car park 200 metres away. In addition there is an amenity/staff car parking area for 4 cars opposite the main building.

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:

7 days per week 11am - 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 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 rent will be £99,950.
3. The annual rent is simply RPI linked to inflation every 3 years, hence no market rent reviews.
4. Rent payable monthly in advance.
5. Deposit equivalent of 3 month's rent.
6. Lease assignable after initial 2 year period.
7. Free of all brewery and supply ties.
8. Each party responsible for own legal fees relating to the transaction.
9. 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 the inn benefits from LPG and all other mains services and is heated by gas central heating. (no services seen or tested). Business rates are advised as currently being £20,000 payable.

THE BUSINESS
The current owners purchased the property in 2011 and are offering the business to the market in an extremely healthy position, with high turnover and fantastic profits along with property being in excellent condition throughout.
With the current trading levels a new freehold owner will exceed profits of £200,000 per annum and a new lessee will benefit from profits over £100,000 after paying the rent.
We are advised turnover for y/e 12/18 is £830,000 (inc vat) with a trade split of 24% wet, 62% dry & 14% letting.

Accounting information will be made available to interested parties after viewing.


Viewing appointments must be made by contacting Guy Simmonds.

Details Prepared: July 2019

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.


Nearest station

  • Haverfordwest (11.0 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

  • Haverfordwest (11.0 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 8285F. 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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