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Coaching Inn And Hotel In Dulverton For Lease

Dulverton, Devon
Asking Price:
£49,950
Turnover:
Available on request
Net Profit:
Available on request

The Lion Hotel occupies a prominent corner site in the town square, built in 1822, mainly of stone which is rendered and washed in white. The property retains all of its period features and if full of character. A substantial year round trade has been established and the Lion is a popular meeting place for a cross section of the community, as well as an ideal base from which visitors may explore this beautiful part of the country. There are three trading areas and a separate bar known as the “Tap” Room which has it’s own separate entrance. The trading areas are well furnished and smartly decorated with lots of ‘bric-a-brac’, vintage prints and country pursuits memorabilia. The spacious letting rooms are also well furnished and maintained and the Lion enjoys a good level of occupancy. The business is currently run by a hands-on husband and wife partnership with a team of full and part time staff including a Head Chef. The property is independently owned and held on a private lease which is free of any drinks tie.

Property Information

Property:

Leasehold

Location:

Often referred to as the ‘Gateway to Exmoor National Park’, Dulverton is situated on the B3223, 12 miles north of Tiverton and Junction 27 of the M5. The North Somerset Coast, Dunster, Lynton, Taunton and Exeter are all within an hour’s drive. The town is in the heart of West Somerset and also close to the Devon borders. The headquarters of The Exmoor National Park are located in Dulverton with the Exmoor Visitors Centre which promotes the surrounding area and its wide range of country pursuits and sports on offer. Dulverton, is a true Exmoor gem, it was mentioned in the Doomsday Book of 1086 and can trace its history back to Saxon times. It is a lively town of winding, medieval streets crammed with attractive buildings and interesting shops, galleries and inviting little cafes. Dulverton has a long tradition of welcoming visitors throughout the ages and makes an ideal and interesting base from which to explore Exmoor and the surrounding area.

Premises Details:

The premises comprises:-

Entrance portico lobby and inner doors from the main street leading into

Reception & lounge area
Reception with bespoke fitted counter. Part carpeted, part timber flooring with period fireplace. And 2 centrally positioned leather sofas. Timber topped and fronted bespoke reception counter.


Lounge bar/restaurant
Split level with close fit carpet throughout. Areas of fixed banquette seating with tables and bar stools and upper room used for dining with circa 40 covers in total. Some stone reveal walls, feature fireplace (in working order). Bar Servery with Central wooden counter and solid wood top, commercial flooring. Well equipped with glass washer, double sink, range of beer/lager fonts and hand pumps for real ales. Attractive fitted mirrored back bar with range of optics. Double bottle chiller, electric till. From the reception area there is the hallway leading to the Letting Bedrooms, Kitchen and Restaurant.

Ladies & gents cloakrooms

Dining room/function room
Close fit pattern carpet. Wooden tables and chairs seating up to 40. Sideboard for cutlery etc, prints, bric- a-brac etc. Antique range. Direct access to

Commercial kitchen
Commercial flooring, stainless steel panelling around the main cooking range together with a stainless steel canopy and extractor above. Well equipped with main items as follows; 6 ring gas burner with oven, “Falcon” grill, double pizza oven, stainless steel racking and tabling, wash hand basin, various fridges and freezers,2 commercial microwaves and stainless steel sink. Range of cooking utensils, pots, pans etc, crockery and cutlery.

Separate wash up room
Push through “Winterhalter” dish washer, large stainless steel sink, wash hand basin and a number of freezers. Dry Store cupboard with fitted shelving. Boiler Room just off containing an industrial “Strebel” boiler.

Beer cellar
Concrete floor, modern set up with ring main and python, chiller, ice making machine, wooden stillage for real ales, post mix equipment. Separate lock-up spirit store

“tap” bar
Separate public bar located to the south west corner of the building with direct and independent access from the side road. Main Bar servery, painted timber panelling to dado height, carpeted and centrally positioned pool table. This is a popular wet bar opening Thursday, Friday and Saturday nights. Gent’s Cloakroom to side.

Foyer
From reception, sideboard with information on local attractions. Displays of hunting memorabilia, bric-a-brac. Tables and chairs. Staircase to the

Hotel accommodation


First & second floors
Benefiting from central heating and close fit carpets throughout. All rooms are fully furnished including colour televisions, telephones, hospitality trays and all have en suite facilities. Staircase leading up from the foyer to landing and corridors off which are the following rooms; ROOM 1 Double. ROOM 2 Double, currently used as staff room. ROOM 3 Family with double bed and secondary room with bunk beds. ROOMS 4, 5 & 7 - Singles. ROOM 6 Twin. ROOMS 8 & 9 Doubles. ROOM 10 Twin (currently used for staff accommodation/store room)

Owners lounge
This was previously used as a Residents lounge. Good size room period fireplace with marble hearth (electric fire).

Second floor
Room 11 Double with Four Poster Bed
Room 12 Twin
Room 14 Triple
Room 15 Single

Private accommodation – first floor
Hallway leading to a Living Room, close fit carpet, built-in cupboard.

Galley style kitchen
Small range of units, fitted sink.
Double bedroom
With close fit carpet, built-in wardrobes.
Bathroom
With vinyl flooring, WC, bath with fitted shower unit.

General information

Rateable value
£18,500. Please note this is not rates payable. For more information we advise you contact the local billing authority, Somerset Council.

Business
The Lion Hotel is a traditional country Inn/Hotel providing the local community and visitors with comfortable facilities and a warm welcome. The Lion offers locally soused and home cooked food with a good range of real ales, wines and other drinks. The business is operated by a husband and wife partnership with a team of staff including three full time and five part time staff and casuals as required.

The owners choose to operate on limited hours closing on a Monday and Tuesday however these hours could be extended to boost revenue. Room rates are generally £88 per night for a double or twin, £125 for a family room and £55 for a single (for bed and breakfast and inclusive of VAT). The monthly breakdown of receipts indicates that the hotel enjoys year round business which is steadily boosted during the summer months.

The business has a turnover in excess of £180,000 ex VAT per annum but this could be increased significantly under new ownership. Profit and Loss accounts will be made available to bone fide applicants after a formal viewing of the property has been made.
Tenure
The premises are held on a renewable 25 Year lease from 1998 at a current rent of £25,000 per annum, effective from September 2019. Rent reviews are every 3 years. The lease is “Free of Tie” and internal repairing only. A copy of the lease will be made available to seriously interested parties after a formal viewing.

Inventory
To include furnishings and equipment as per an inventory to be supplied, but excluding the owner's personal effects.

Stock
Wet and Dry stock in trade and Bar Glassware will be taken over by the purchaser at valuation on the day of completion.

Services
We have been informed the premises are connected to all mains services.

Epc awaiting

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