Herefordshire Character Cottage Style Public House

The Nags Head is located on the western outskirts of the village of Peterchurch, which is approximately 10 miles equidistant between the city of Hereford and the market town of Hay-on-Wye, being famed for its book shops and festival. It is a sought-after village within the beautiful golden valley with outstanding views of the Black Mountains. It has a population of approximately 1,000 but is a small commercial hub, having a post office, restaurant, two public houses and the acclaimed Fairfield High School. It sits astride the B4348 which provides easy access to Herefordshire and Powys.

The property stands detached and appears to be constructed mainly of stone and brick with render and colourwashed elevations under slate roof to the main building. It offers two ground floor trade rooms with ancillary areas; and flat above. It also has the benefit of a large trade garden and pétanque pitch, with tarmacadem car park and additional seating immediately to the front entrance. It has been long established as a traditional village pub, serving the village of Peterchurch and surrounding area. It is now available on sensible free of tie terms to suitably qualified operators, the detail of the lease outlined later in this brochure.
TRADE AREAS
Front entrance leading to PUBLIC BAR of considerable character seating 20. Quarry tiled floor and part wood panelled walls. Feature open fireplace. Servery with mirror back bar fitting. DINING ROOM, seating 20. Quarry tiled and part wood panelled walls. CATERING KITCHEN, being well equipped with commercial catering effects and equipment. Ladies' and Gentlemen's TOILETS. On level CELLAR.

OWNERS ACCOMMODATION
Ground floor: KITCHEN and LOUNGE. CONSERVATORY.
First floor: three BEDROOMS and BATHROOM.

EXTERNAL
Immediately to the front of the property is a small enclosed SEATING AREA with SMOKING SOLUTION for 8. To the side is the large TRADE GARDEN with seating for approximately 24 and pétanque pitch. Tarmacadem CAR PARK for approximately 20. Rear enclosed PRIVATE GARDEN.
The business is a well-established traditional village pub offering food and wet sales. It trades between the hours of 11:00-15:00, reopening 17:00-23:00 on Mondays to Fridays. 11:00-23:00 on Saturday and 12:00-22:00 on Sunday. Food is offered between the hours of 12:00-14:00 Monday - Saturday, and 12:00-16:00 on Sunday. The business currently supports a pétanque team.

Our clients accounts for the financial year ending March 2025 are expected to show sales exclusive of VAT of approximately £196,000 with a net profit approaching £80,000. Trade is split approximately 60% wet sales and 40% catering.

Freehold PRICE £375,000 to include goodwill and fixtures and fittings. Stock at valuation in addition.
or Alternatively :-
LEASEHOLD £ 20,000 to include goodwill, fixtures and fittings. Stock at Valuation in addtion.
TERM: 5 Years.
LANDLORD & TENANT ACT 1954: Inside the security provision of Part II Landlord & Tenant Act 1954.
ASSIGNIBILTY: Fully assignable subject to Landlord's consent.
BOND: £6000 plus personal gurarantors if the lease is taken in a Limited Company.
RENT: £33,600 per annum, paid monthly in advance, exclusive of VAT.
RENT REVIEW: Subject to rent reviews every third year of the term and the start of any subsequent term.
REPAIR LIABILITY: Full Repairing and insuring lease.
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 will be responsible for the business related insurances.
A full Premises Licence is held.
Mains electricity and drainage are connected. Water is supplied through Peterchurch Water Supply Society. Oil fired central heating.