Popular Pub Restaurant With Accommodation For Sale

Business description

LONGVILLE ARMS
Longville-in-the-Dale, Nr Much Wenlock

Popular Pub/Restaurant with accommodation
Lounge, Bar, Restaurant and Function Room
5 en suite letting bedrooms, 3 bedroom Owners' accommodation,
2 bedroom self catering cottage and double self catering studio
Turnover circa £250,000
£65,000 Leasehold

The Longville Arms is an extremely popular and successful business in an area of outstanding natural beauty, and renowned for the quality of service and fare on offer. The homely public areas comprise a Lounge Bar, Public Bar and Restaurant/Function room. Situated in the courtyard adjacent to the main property are the five en suite letting bedrooms, a two bedroom self catering cottage and a double self catering studio.

Longville-in-the-Dale is a delightful Shropshire village situated just 6 miles west of Much Wenlock and 6 miles east of Church Stretton, and is a popular destination for walkers, cyclists, caravaners and campers, along with a very friendly local community.

The Vendors have successfully operated the Longville Arms since December 2003. Despite six happy years at the helm, unfortunately for reasons of ill health they are having to take early retirement from the trade and reluctantly a lease is being sold. The vendors have not been able to fully develop the B&B and self
catering accommodation and there is huge potential to develop this part of the business further.

THE PROPERTY
A three storey period property of brick construction beneath a tiled pitched roof.

PUBLIC AREAS
Entrances from both front and side elevation lead through to a Lounge Bar with seating for around 40, exposed beams, fireplace with woodburning stove and bar servery. Access through to the Public bar with pool table, wood panelling and servery. The Restaurant/ Function room has a comfortable capacity for around 70 and has its own bar.

LETTING BEDROOMS
All en suite. Please note that one of the bedrooms is currently used by a member of staff. Bedroom 1 (twin) and Bedroom 2 (double) are situated in a single storey barn conversion. Bedroom 3 (double or family), bedroom 4 (double or family) and bedroom 5 (double or single) are situated in a two storey barn conversion along with the double self-catering studio. The newly converted two storey, two bedroom self catering cottage comprises a large farmhouse kitchen/diner, large lounge, two double bedrooms and a first floor modern bathroom with shower cubicle.

OWNERS' AND STAFF ACCOMMODATION
The Owners' accommodation is situated on the 1st & 2nd floors. The first floor comprises a large lounge/diner, bedroom 1 (double), fully fitted kitchen, study,
shower room and separate wc. The second floor comprises two further double bedrooms, shower room and separate wc.

OUTSIDE
There is extensive car parking with bays to the front and side of the property. 'A' frame wooden bench seating is available to the front. Patio and children's play area comprising wooden playhouse and two trampolines are situated to the rear.

LICENCE
Premises Licence.

LOCAL AUTHORITY AND SERVICES
Shropshire Unitary Council
Water is provided from a local bore hole. However, there is also a Mains Water connection. Mains Electricity, Calor gas for cooking, Oil central heating, septic tank (there are confirmed plans for mains drainage to the village).

TRADE
Trading information supplied by the vendors shows a turnover of circa £250,000 for a twelve month period to November 2008. Further information may be made available to bona fide prospective buyers following a formal viewing of the Pub.

LEASE
A 5 year renewable lease is available. Rent £36,000 per annum.

PRICE
Premium of £65,000 - for the leasehold interest, goodwill and trade fixtures and fittings (subject to inventory). Stock at valuation.

FINANCE
Colliers Robert Barry is able to assist prospective purchasers by introducing sources of finance if required. Whilst we do not charge the buyer for this service, we may receive an introductory commission from the lender or broker involved.

TO VIEW
All appointments to view MUST be made through the vendors' agents who are acting with sole selling rights.

Property information

Property:

Leasehold