DescriptionThe Great Lyde is a public house, originally developed by the current owner around 40 years ago from a historic farmhouse. This substantial detached property is set on a generous plot of approximately 0.75 acres, featuring a grassed beer garden with 42 covers, a spacious trade patio with seating for another 40 guests, and a large customer car park accommodating c. 40 vehicles.
LocationLocated in the vibrant town of Yeovil, near Somerset’s southern border, The Great Lyde enjoys a prime position within a thriving residential community. With approximately 4,460 homes within a 1km radius and a town population exceeding 50,000, the pub benefits from a strong local customer base.
Yeovil is surrounded by picturesque countryside and offers a wide range of amenities and attractions. From shopping and theatre to the scenic Yeovil Country Park, there’s something for everyone. The Great Lyde is known for its live music events, a thriving carvery business, and regular quiz nights that bring the community together.
Internal DetailsThe building spans three levels basement, ground, and first floor. The ground floor offers two distinct trading areas: a restaurant (79 covers) with a bar servery and additional seating (30 covers), a sports bar complete with a skittle alley and bar servery.
Additional amenities on this level include two sets of ladies’ and gentlemen’s WCs, access WC, a large commercial kitchen, and ample storage areas.
Fixtures & FittingsTrade fixtures and fittings will be included in the sale.
VATWe understand VAT will be applicable on the sale price. Interested parties are advised to consult with their accountant.
External DetailsTo the front of the property, there is a generously sized car park providing space for approximately 36 vehicles. An additional parking area at the rear of the site offers capacity for a further 5 cars.
Directly in front of the pub, a raised patio area offers outdoor seating for around 40 guests. Adjacent to this, a lawned garden area provides seating for approx. 42, with ample room to expand the outdoor capacity if desired.
Owner's AccommodationAccessed via the restaurant area, a staircase leads to the owner's accommodation on the first floor. The current layout comprises five generously sized bedrooms, each suitable for a double bed, along with an office, a separate WC and bathroom, and a spacious open-plan living room and kitchen.
There is potential to reconfigure this space into two self-contained flats, subject to the necessary consents.
The OpportunityWe believe there is an exciting opportunity for someone to take over an established venue with a strong local presence. The large plot could potentially allow for extensions or diversification in the future.
Trading InformationWe do not hold any trading information.
Trading HoursThe current trading hours as follows:
Monday: 12:00 - 23:00
Tuesday: 12:00 - 23:00
Wednesday: 12:00 - 23:00
Thursday: 12:00 - 23:00
Friday: 12:00 - 02:00
Saturday: 12:00 - 02:00
Sunday: 12:00 - 22:00
TenureThe property is being sold Freehold with vacant possession.
Business RatesThe current rateable value is £18,500. The owners accommodation also has a separate Council Tax assessment within Band C.
RegulatoryThe property has been granted a Premises Licence in accordance with the Licensing Act 2003. The pub is permitted to trade and sell alcohol 24 hours a day, 7 days a week.
The Great Lyde was registered as an asset of community value on the 27th April 2021.
