Recently refurbished public house available on new let - SY15

The Herbert Arms is a Grade II listed traditional village pub that resides at the centre of Chirbury opposite the church. The property has recently had the benefit of Landlord investment of approximately £300,000 to the structure and services, and is now presented in very good condition and will require little major investment for some time. The freeholders require a tenant with a proven track record who are able to offer a traditional village pub with an emphasis on quality catering to serve the local and surrounding community.

The tenant will be required to furnish the property and provide the catering appliances.

The village of Chirbury is located within the county of Shropshire, close to its border with Powys, Wales. It is a busy crossroads for the A490 and B4386 which provide access throughout the area. It is a sought-after residential location and is well known as a pretty village. It has good road communication links to the nearby towns and villages of Montgomery (2.5 miles), Welshpool (7 miles), Bishop's Castle (8.5 miles) and Shrewsbury (18 miles).

TRADE AREAS
Three interconnecting trade areas, all finished to a very good standard with a mixture of quarry tiled and stripped wood flooring. Solid fuel burners in the MAIN BAR and RESTAURANT. SERVERY to main bar and SNUG. All rooms need furnishing but will provide ample accommodation for 70 - 80 covers.

REAR HALLWAY leading to LADIES', GENTLEMEN'S and DISABLED TOILETS, along with access to the TRADE GARDEN.

CATERING KITCHEN with nonslip flooring and UPVC clad walls. A range of stainless steel work surfaces.
STAFF WC.

LETTING ACCOMMODATION
Located at FIRST FLOOR are the letting bedrooms providing three en suite letting rooms; two double and a family suite of two interconnecting rooms.

OWNERS ACCOMMODATION
Located at SECOND FLOOR and comprising:
KITCHEN with fitted units
BATHROOM
LOUNGE
2 x DOUBLE BEDROOMS

EXTERNAL
To the rear of the property is an enclosed TRADE GARDEN with slabbed and lawned sections which could seat 60+ guests. Enclosed oil tank.
Lined tarmacadam CAR PARK for approximately 24 vehicles. Single GARAGE and BOILER ROOM.
Enclosed SERVICE YARD.

LEASEHOLD NIL PREMIUM

TERM: Negotiable
LANDLORD & TENANT ACT 1954: Outside Part II Landlord & Tenant Act 1954
ASSIGNABILITY: Fully assignable subject to Landlord's consent
BOND: £5,000 plus personal guarantors if the lease is taken as a Limited Company.
RENT: £15,000 per annum fixed until the first rent review in year 3 paid monthly in advance.
RENT REVIEW: Subject to rent reviews every third year of the term to include any new lease
RENT FREE PERIOD: Three months from the commencement of the lease.
INVENTORY: The landlord is prepared to furnish the catering kitchen if the tenant will enter into a lease purchase agreement for the equipment over the term of the lease, the exact timescale and repayments to be agreed prior to entering into any such agreement.
REPAIR LIABILITY: Part repairing and insuring lease agreement. This is not a full repairing and insuring lease with the freeholder retaining responsibility for the structure of the building including the roof. The lessee will be responsible for all repair and maintenance of the interior and exterior coverings of the property including all services within and to the property. The Tenant is not to make any alterations to the building without the Landlord's express permission. The building is Grade II listed.
PERMITTED USE: The property is to be used as a public house including the provision of food, accommodation (where accommodation facilities are comprised within the premises), services, entertainment and other uses normally ancillary to public house use.
TIE: Free of all trade ties
INSURANCE: The Landlord will insure the building, the cost of which will be charged to the Tenant by way of an Insurance Rent. The Tenant is to cover all business related insurances
VAT: VAT will be payable on the rental payments

No direct approach to be made to the business; please direct all communications through Sidney Phillips.

Viewing strictly by appointment only.