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Unique & Stunning Historic Four Star Inn In Wiltshire For Sale

Stourton, Wiltshire, UK
Asking Price:
£225,000
Turnover:
Available on request
Net Profit:
Available on request

This historic Inn dates back to the mid-18th century with the kitchen area having been added at a later date, along with the rear hall and bedrooms at the turn of the 19th century. The Inn retains many fine architectural details including Georgian regency fireplaces, some 18th century door cases and original sash windows.

The walls between the memorial hall and the Inn date from the early 19th century, when the courtyard was created in its present form to service the Inn. The National Trust acquired The Spread Eagle in 1946 when the Stourhead Estate was sold to them by the Hoare family.

Property Information

Property:

Freehold

Location:

The Spread Eagle Inn is situated on the Stourhead National Trust Estate. Secluded in its own private valley, Stourhead features one of the world’s finest landscape gardens. The 18th Century Estate centres on the magnificent lake, surround by classical temples, charted grottos and rare and exotic trees. The estate attracts over 500,000 visitors during the year.

Stourton is a village in Wiltshire near Mere and 11 miles from Frome and Warminster, with easy access to the A303, which is the main arterial route from London to the South West. The area is popular with tourists and day trippers, with many stately homes and visitor attractions within a vast catchment area of the Spread Eagle Inn.

Premises Details:

The premises briefly comprises:-

Main customer entrance
From a central courtyard via a lobby that leads directly through to the:-

Main bar area
A character trading area with large inglenook fireplace and wood burner, Chinese slate flooring and seating for around 30 plus bar stools.

Inner hallway to:-

Customer toilets

Walk through incorporating:-

Hotel reception
With seating and separate external access used mainly by the hotel guest.

Red room
An elegant period room used primarily for dining and functions (45 covers).

Adjoining:-

Green room
Continued in the same style and used as a residence breakfast room and overflow dining room (24 covers).

The two rooms are often used in conjunction with each other for larger functions.

Ancillary areas
Internally include:-

Fully equipped commercial kitchen
With a significant inventory of new equipment and a large ‘back of house’ space including wash up area, dessert prep area and cooking sections with a basement beer cellar.

Former stable outbuildings
Used by the pub for general storage including dry stores, refrigeration, utility storage for house keeper and electric metres.

First floor letting accommodation
there are 5 en-suite letting rooms, each having their own individual character featuring large Georgian windows, some with low ceilings and uneven floors. All have items of the trust antique collection, period furniture, handmade soft furnishings, giving the room a comfortable country house feel.

Externally
Stunning Courtyard area to the front and side, seating approximately 100 people; shared with the Ice cream Parlour, Memorial Hall & Art Gallery. There is a closed yard to the rear containing oil tanks, Calor gas bottles, staff area and toilets.

Owners/staff accommodation
Located on the second floor and currently used for staff accommodation. However, could be easily improved to provide owners accommodation.

2 bedrooms

bathroom

lounge

domestic kitchen

general information

The business
The Spread Eagle Inn is a unique pub situated in a stunning setting, which benefits from the incredible visitor numbers to the National Trust Estate year round. The Inn exudes quality and character and has an enviable reputation providing quality food, drinks and accommodation. The operation is particularly well run, largely under management, with a compliment of full time and part time staff.

The business has a strong wedding and function trade, which runs throughout the year. The property also has a huge lift around the Christmas period, when the National Trust put on a seasonal festival including millions of lights, lasers and seasonal sounds from the end of November to early January each year, attracting over 70,000 visitors. The Spread Eagle has a completely new BBQ station outside which has proved particularly popular around the Christmas period and during the summer/warmer months. The Inn closes for 2 weeks in January.

The rooms are always popular with approximately 95% occupancy and a 4 star gold AA rating. The trade is split approximately 65% food, 10% accommodation and 25% wet sales. Afternoon teas are also very popular during the summer months.

The Spread Eagle has a very strong turnover with a projected revenue of between £1-1.2 million for the 2022 season. Further figures will be released following a formal viewing through the Sole Selling Agent, Bettesworths.

Tenure
We have been informed that the property is held on a Free of Tie lease from the National Trust, on an Internal repairing and Insuring basis.

The current rent is base rent of £24,000 per annum, which increases to 8% of turnover including the base rent. Further details of the lease/rent structure are available from Bettesworths.

Prospective tenants
Any interested party will need to be vetted by the National Trust and experience in the hospitality trade will be required. For further details please contact Bettesworths.

Rateable value
2017 List: £70,000. Please note this is not Rates Payable. Interested parties are advised to make their own enquiries with the Local Billing Authority.

Council tax band C

Inventory
To include valuable furnishings and equipment as per an inventory to be supplied, but excluding the owners’ personal effects and certain antiques owned by the National Trust.

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

EPC Awaited

Other Information

Related Documents:

Contact Bettesworths

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