Quality Village Inn For Sale

Business description

A MOST IMPRESSIVE VILLAGE PUB & RESTAURANT WITHIN THIS MOST IDYLLIC LOCATION IN CLOSE PROXIMITY TO THE RIVER STOUT IN MISTLEY VILLAGE CLOSE TO MANNINGTREE ESSEX

Property Details

> Well presented prominent food driven pub by the River Stout on the borders Essex/Suffolk
> Good trading levels with M.A.T for 2008 in the region of £223,250 inc vat
> 3 dining areas (44) tastefully decorated with wooden tables & chairs
> 25 year partially tied lease from August 2006 at an annual rent of £33,280
> Superb family garden (60) very well maintained
> Substantial 4 bed roomed owners accommodation, lounge & office



A RARE OPPORTUNITY TO ACQUIRE AN OUTSTANDING BUSINESS ENJOYING AN INSPIRING POSITION WITHIN AN AFFLUENT LOCATION OFFERED AT £75,000 LEASEHOLD PART TIED TO INCLUDE FIXTURES & FITTINGS, GOODWILL PLUS S.A.V.



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LOCATION (CO11 2AP)
This picture postcard village of MISTLEY which lies on the banks of the River Stout amongst the sought after affluent villages and hamlets on the NORTH ESSEX/SUFFOLK BORDERS is situated only a few miles out of MANNINGTREE, the local town with all the main local amenities. The village can be found on the B1352 with the pub predominantly located on NEW ROAD. Nearby attractions include the East Anglian Railway Museum, Christchurch Mansion where you can discover 500 years of history from the 16th century through to the 19th century, The Wolsey Gallery with its collection of art by Suffolk painters as well as original Constables and Gainsboroughs and delightful riverside walks which attracts day visitors and holiday makers.


PROPERTY DESCRIPTION
The property is completely detached and of brick construction beneath a pitched tiled roof. The trading areas were renovated approximately 2 years ago and have been very well maintained by our clients and are used by locals for vertical drinking and informal dining. There are 3 DINING AREAS (44 covers) which are all well appointed and have wooden table & chairs, Bar server (10+ vertical) well equipped for the trade (with bottle chillers and trade optics), Ladies & Gents washrooms, fully fitted COMMERCIAL KITCHEN with full extraction facilities and stainless steel appliances, fridge/freezer room, staff wash room, separate wash area and beer cellar which is fully chilled.


OWNERS ACCOMMODATION
In need of modernization and situated on the first & second floors comprising of 3 double bedrooms, 1 single bedroom, lounge, bathroom and office.

EXTERNALS
This most attractive property has its own unique charm with exceptional secure gardens (60) which has timber table sets with sun canopies and mature shrubs around. Parking is provided for approx 20 vehicles

PREMISES LICENSES
We are advised the business currently trades Monday to Saturday 12 noon till 2.30pm then 6pm till 11.00pm and Sunday 12 noon till 11.00pm which gives a new owner an opportunity to further increase sales by opening additional which are not at present realized.

TENURE
We are advised by our client that the property is held on a PERT TIED fully repairing & insuring 25 year partially tied Punch Taverns Lease from August 2006 at an annual rent of £33,280 with rent reviews every 5th year. (Tied on all beers and cider/free of tie wines, spirits and minerals).

SERVICES
We are advised that all main services are connected to the property, gas cooking and central heating. Business rates are £3728 per annum.

THE BUSINESS
The business has been owned by our clients for the past 8 months and due to unforeseen circumstances the property has hesitantly been placed on the market. The current owners have laid a good sales foundation of £223,250 inc vat focused upon good quality food, accompanied by an exceptional atmosphere which brings repeat custom from local and surrounding affluent areas and many tourists that visit the locality.

THIS IS AN OPPORTUNITY IN WAITING AND WE RECOMMEND EARLY VIEWING OF THIS OUTSTANDING BUSINESS DUE TO IT’S RARITY OF LOCATION

Property information

Property:

Leasehold