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Traditional Coastal Freehouse Overlooking Watchet Harbour For Sale

Watchet, Somerset, UK
Asking Price:
£425,000
Turnover:
Not applicable
Net Profit:
Not applicable

A late 18th Century, Grade II listed, two storey building with two internal ground floor trading areas and a first floor restaurant with bay windows capturing the scenic view of the harbour. The owners accommodation above the pub provides four bedrooms and an office.

Property Information

Property:

Freehold

Location:

Watchet is a harbour town in West Somerset, located at the mouth of the Washford River on Bridgewater Bay, part of the Bristol Channel and on the edge of Exmoor National Park.

The town is a popular holiday resort with many hotels, guest houses and nearby caravan parks together with several cafes, restaurants and independent shops. The maritime history colours ever part of Watchet and it is a lively place to visit year round.

The harbour was converted into a modern Marina in 2000 and is at the centre of the town, overlooked by a 150 year old lighthouse and a statue of Coleridge’s Ancient Mariner. Brunel’s West Somerset Railway stops at the picturesque station next to the marina and town. Watchet is situated 15 miles north west of Taunton, 15 miles west of Bridgewater and the M5 and 9 miles east of Minehead.

Premises Details:

The accommodation briefly comprises:-

Main bar area
Fully carpeted, traditionally decorated trading area with centrally positioned timber topped and fronted Bar Servery, with bottle fridges, two hand pumps for real ales, beer fonts, and recently installed glass washer. Numerous pictures and memorabilia decorating the walls including glass cabinet containing ornaments. Painted tongue and groove timber panelling to dado height. Gas fire in fireplace which could be returned to an open fire.

Snug
Situated behind the main bar area is a cosy snug area, which will hold around 12 people.

Ladies toilets
With 2 Cubicles and hand dryer.

Gents
With 3 urinals and 1 cubicle newly tiled floor.

Cellar
Fully equipped with python system and cellar cooling.

Sea view restaurant
Situated at first floor with elevated sea views over the harbour. Fully carpeted, painted panelling to dado height with seating for around 40 people at quality rustic pine tables and chairs.

Outside first floor patio area
With seating for circa 18/20 at pub benches.

Kitchen
With six burner gas range, double table top fryer, husky dishwasher, upright fridge, stainless still work tables, microwave ovens, wooden shelving, non-slip flooring.

Store room
3 Chest freezers, 2 upright freezers and 1 upright fridge. Further unused storage area.

Owners accommodation
A very spacious flat, with 3 double bedrooms,1 single and 1 room which is used as an office. Bathroom with bath and shower over and WC.

General information

Rateable value
2017 List: £5,850.

Please note this is not Rates Payable. 100% Small Business Rate Relief will be available to eligible parties. Interested parties are advised to contact the Local Billing Authority for further information.

Business
The London Inn trades 6 days a week as a traditional harbourside inn, operating from Tuesday to Sunday, licensed Monday to Thursday until 12pm and Friday/Saturday until 1pm. The current owner has run the pub for 19 years and is selling to retire.

The London is owner operated and trades ‘quietly’ through choice, with the help 5 part time staff. Revenue is split approximately 60% food, 40% wet.

The London Inn offers great potential for new owners to develop the business further and acquire a traditional Harbourside inn in a beautiful part of the Westcountry.

Services
We are informed that all mains services are connected.

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.

Other Information

Related Documents:

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