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UNDER OFFER

Globe & Crown, 73 South Street, Yeovil, BA20 1QF

£750,000

£64.25 per sq. ft.

Business rates & charges may apply

Savills, Southampton - Licensed Leisure
SIZE AVAILABLE
11,674 sq. ft.
(1,085 sq. m.)
SECTOR
Pub for sale

Key features

  • Traditional hotel pub restaurant
  • Site Area – 0.108 ha (0.268 acres)
  • 34 letting rooms over 3 floors
  • Various buildings
  • Prominent position close to Yeovil town centre
  • Conversion potential in part

Property description

Tenure: Freehold

Description
The property is an end of terraced property, arranged over three storeys with exposed brick construction
over a pitched clay tiled roof and mixed fenestration. The property has been extended over the years with
the creation of a number of separate buildings to the main premises itself.

Internally, the property comprises a large bar servery to the right of the entrance. There are various raised
seating areas with the kitchen at the rear. The main building together with the two additional outbuildings
provide a total of 34 letting bedrooms (14 singles 11 doubles 9 twins).

Location
The property is located in Yeovil, a town and civil parish in the district of South Somerset, 130 miles (210 km)
from London, 40 miles (64 km) south of Bristol and 30 miles (48 kms) from Tauton.

The town is on the A30 and A37 roads and has two railway stations. South Street where the subject property is located is within 100m of the main shopping district for Yeovil and
therefore very convenient for accessing the shops and restaurants.

The Business
The Globe & Crown operates as a coaching inn providing a variety of rooms which appeal to contractors working in the area on weekdays, couples visiting for weekend breaks as well as tourists visiting the wider area. The room rates for the hotel fluctuate dependent upon the time of year.

We can confirm that the most recent financial year, the hotel had a turnover in the order of £510,000 (Net of VAT), with a split percentage between accommodation, food and beverage of 45:15:40 respectively. More information on the hotel’s trading performance will be provided to seriously interested parties upon request and status.

Planning
Our informal planning enquiries confirm that the premises is permitted as a hotel (Use Class C1). The property is not listed nor does it lie within a conservation area.

Rating
The subject property is entered in the 2019 Rating List with a Rateable Value of £59,000.

The National Multiplier for England and Wales for 2019/20 is £0.504.

Brochures

Globe & Crown, 73 South Street, Yeovil, BA20 1QF

NEAREST STATIONS

Distances are straight line measurements from the centre of the postcode
  • Yeovil Pen Mill Station0.9 miles
  • Yeovil Junction Station1.4 miles
  • Thornford Station3.0 miles

Notes

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Disclaimer - Property reference 23056-1. 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 Savills, Southampton - Licensed Leisure. 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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