Well Presented Prominent Village Pub For Sale

Business description

Well presented prominent village pub located on high street of bottesford an affluent parish to the heart of the vale of belvoir on the leicester / notingham / lincoln boarders

> Strong sales foundation of £366,977 inc vat 76% Wet 24% Dry
> Relaxed lounge bar (50+) locals bar with games (20+) comfortable restaurant / function room(42)
> Vibrant large village and wealthy parish with character by the “spades”
> Modern stylish decked outside drinking area (30+) + car park (15)
> Spacious 4 bed roomed owners accommodation
> 15 year protected & renewable lease just partly tied with barrelage discounts

A well known hostelry with bags of further potential offered as an assignment of a part tied lease at £86,000 to inc fixtures & fittings, goodwill plus s.a.v.

Location (NG13 OAA)

The VALE of BELVOIR sits to the East of the City of Nottingham just off the A52 main road to Grantham and the A1 or from the A607 travelling through pretty little vale hamlets. The Village of Bottesford is the centre of the local parish of 3,500 with the villages of Easthorpe, Normanton & Muston forming the affluent community. Set to the heart of the vale which is renowned for its magical Castle of Belvoir and many other exquisite places of medieval interest such as Nottingham Castle ( not to over look the tales of one Robin Hood), Thurgarton Priory, Colwick Hall, Newark Castle, Grantham House, Belton House and Woolsthorpe Manor and the battlefield of Stokefield (1487) all providing a magnet for tourists and day trippers. The village has its own rail station just one stop from Grantham which is main line to London Kings Cross and five stops from Nottingham making this an ideal residential locale for London commuters and families working in and around the East Midland Cities of Nottingham, Derby & Leicester. The River Devon runs through the village and the Grantham Canal to its edge providing water based recreation. The demographics of the village are exceptional with 81% residential properties being detached , 16% semi and just 3 % terraced / other which includes “cute” 2 bed roomed traditional cottages.


Property description
Constructed detached circa 1890 of local brick under pitched welsh tiled roof this is a substantial commanding property which has been well looked after. LOUNGE BAR (50+) has a quality fitted carpet and fixed perimeter seating with loose furnishings to polished tables suitable for dining, beamed ceiling and feature reclaimed brick fireplace , planter ceiling fan and slatted blinds to the windows. CENTRAL BAR SERVERY with bar stools and foot rail is of painted wooden construction with mirrored back fitting. A range of REAL ALE WICKETS are set into the bar counter. LOCALS BAR / GAMES (20+) with soft low settees and leather stools to semi – polished tables, draped windows and a pool /games area separated by a divider. RESTAURANT (42) also used for private events is set up with “gingham style” cloths, has a fitted carpet and blinds to the windows giving a light & bright effect. A feature reclaimed brick fireplace provides a focal point and the room has its own servery. TOILET facilities have Ladies Gents & Disabled. BEER CELLAR is set to the ground floor with real ale stillages and has a bottle store off. CATERING KITCHEN is well equipped with modern s/s units and professional s/s extraction fitted. Dry stores and refrigeration rooms are off the main kitchen


Owners accommodation
To the 1st & 2nd Stories and comprises of 3 good bedrooms, Further bedroom currently used as an office, Large kitchen, spacious lounge, office, family bathroom with separate WC.

Externals
The property holds a corner position with access from the High Street onto the hard surfaced car park (15) with a delightful raised decking patio and side area ( 24+) which is rich with flower baskets making it a most attractive feature of the property providing “curb appeal” to passing customers.

Premises licenses
The premises license allows openings of 11hrs to 24.00hrs Monday to Saturday with Sunday 12.00hrs till 23.00hrs. When necessary the business trades these hours. A Personal License will be required and our training associates can assist with this for you.


Tenure
We are instructed to offer the property for sale as an assignment of a 15 year lease which commenced in 2008 from PUNCH TAVERNS. The lease is fully protected under the Landlord & Tenant Act and renewable at no further cost at its end. Business Rent is set at £38,012 and is free of tie for Wines, Spirits & Alco pops. A barrelage discount of £75 per barrel is also available.


Services
We are advised that the pub benefits from all mains connected , with heating by GAS. Business rates payable are £11,155.


The business
Our clients have run the business since mid 2008 however has decided to offer it up for assignment , reluctantly , due to health issues. The business trades as a popular village local and destination food tavern and could easily re-focus on ethnic food without upsetting the traditional client base of the drinkers who use the pub ( only ethnic take away’s in the village). There are teams for pool (2) darts (1) and dominoes (2) and flat screen TV provided for sports viewing. Sales are running to £366,977inc vat (08/09)on a split of 76% Wet 24% Dry and our clients employ managers to run the business with themselves over seeing day to day administration of the business. They live within the village ,off premises.


A most charming village pub with a strong neighbourhood profile within a locale of sustainable wealth – not to be overlooked

Property information

Property:

Leasehold