DescriptionA substantial three-storey property of traditional brick construction. The property has a wealth of original features including exposed beams and brickwork.
The trading areas trading areas have been refurbished, while the business also benefits from a well presented outside seating terrace and lawned beer garden.
There is also a two bedroom flat with kitchen and living room, four en-suite letting rooms currently used on the first floor.
There is an opportunity to purchase nine potential letting rooms which are part of the motel for an extra £250k.
LocationBecketts is situated in the Lincolnshire village of Corringham, which is located approximately four miles east of Gainsborough via the busy A631 Corringham road.
Corringham is situated approximately 17 miles north west of Lincoln, 18 miles south of Scunthorpe and 36 miles east of Sheffield.
Internal DetailsThe property briefly comprises:
• Bar (20) - with bar servery, fixed perimeter seating and loose tables and chairs
• Snug (12)
• Lounge (12) - with soft seating
• Restaurant (52) - with bar servery
• Ladies, gents and disabled WC facilities
• Commercial catering kitchen - located at the first floor level, with dumb waiter to ground floor
• Stores
• Wash-up room
• Cellar - situated at lower ground floor level with drop
Fixtures & FittingsWe understand that the trade fixtures and fittings are owned outright and will be included within the sale.
Letting AccommodationCurrently the site has 4 en suite letting bedrooms that would benefit from some updating.
External DetailsGood sized unmarked car park, decked seating terrace and large lawned beer garden.
Owner's AccommodationThe owners accommodation consists of the first floor living accommodation and office space, plus 4 bedrooms on the second floor.
Other PropertyThe attached building is owned by the same freeholders and its for sale for an additional £250,000. This would add another 8 letting bedrooms.
The OpportunityThe business has been in the ownership of the same family for 20 years and has gone through a significant period of refurbishment in recent years and the next logical step is to add and upgrade the letting bedrooms. Although the site is currently tenanted short term, the site is available Vacant Possession from February 2027.
The business would suit either a hands on owner operator or an existing regional multi operator.
There is also a significant amount of residential development being carried out in the vicinity of the business.
Trading InformationThe current operators have declared they are turning over approximately £8,000 per week on average.
Business RatesConfirmation of business rates payable should be obtained from the Local Authority.
RegulatoryPremises Licence.