Bustling Wilts Market Town Pub Hotel For Sale

Business description

New 20 Year part-Tied Lease from private pubco for this substantial Market Place pub with bars, 5 letting rooms and cafe/restaurant. Current lessee will consider all sensible offers and will pay stamp duty.

Property information

Property:

Leasehold

Lease terms:

20 Years from completion, FRI, initial rent £35,000 pa rising to £38,000 by year 5 and thereafter annual increases linked to RPI with 5 yearly reviews. Retrospective discounts paid on barrelage which currently is approx. 160 but this business has traded higher in the past.

Living accommodation:

Newly decorated apartment on the second floor comprising Large Kitchen/Breakfast Room, Large Double Bedroom, Lounge, Bathroom and Office/2nd Bedroom. R There are 4 Twin Rooms and one Family Room all with en suite facilities on the First Floor which attract £55-80 per night.

Location:

This old coaching inn is located in the main street of this busy market town just a few minutes walk from the railway station and a few miles from Longleat House and Safari Park. There is a free municipal car park (c200 spaces) to the rear of the property and 5 dedicated spaces for the Anchor Hotel.

Other information

Expansion potential:

The current lessee is suffering from ill health and has been unable to expand the business which, in fact, has been reduced in recent months. There is an opportunity to hold more gigs at the Anchor, offer shoppers lunches in the newly decorated bars and to promote the letting bedrooms. The cafe to the rear of the premises is frequented by locals but there is more opportunity to expand this side of the business as well. The business would ideally suit a younger entrepreneurial couple who can create a chameleon business which would appeal to all sectors of the community.

Competition / Market:

There are several pubs in the main street known as Market Place all of which are tied to regional brewers or national pub companies. The Anchor is owned by a pub company with 8 pubs and the owner controls the businesses himself and strives to make his lessees successful in each business.

Support & training:

The retiring lessee will help all she can during the run-up to completion

Reasons for selling:

The lady lessee has been quite poorly in recent months and has found that the business is becoming too much for her to run on her own.

Trading hours:

10am-Midnight

Financing available:

Introductions can be made even in these more difficult times to our broker partner who can advise on financing this acquisition.

Inventory / Stock value:

£5,000