A most Inspiring Delightful Village Freehouse For Sale

Business description

A significant rare village freehouse dating back to 1760 located on the green of the inspiring village of tugby on the rutland / leicestershire borders


> strong sales foundation of £428,000 inc vat on a split of 55%wet to 45%dry – 280 comp barrels
> heavily timbered trading areas – lounge bar(24+) – locals bar (24+) – games room(12+) – split level dining rooms (28 & 16) – 100 covers throughout with cosy friendly atmosphere
> flexible period high quality owners accommodation – 3 homes/pub lettings/holiday home potential
> charming garden / patio along with off road parking (15)
> generously proportioned detached property in excellent condition
> ideal purchase for “pubco” or discerning private owner looking for a thriving business and life style within area renowned for it’s “country pursuits”

A must to be viewed to fully appreciate the overwhelming potential of this business and quality home offered at the realistic asking price of £695,000 to include fixtures and fittings goodwill and s.a.v.

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Location (le7 9wb)
The village of tugby lays just off the busy a47 (uppingham road) slightly closer to the city of leicester than peterborough and just 3 miles from the county borders of leicestershire and rutland. The village has a balance of mature traditional properties along with more recent quality residences, with the village green at its centre. A most satisfactory type of location to reside in, it boasts a dreamed of primary school with just 88 pupils in 4 classes with junior and secondary schools provided in local villages and market towns. Rutland water is under 10 minutes drive and is one of the most frequented visitor centres in the country. An area of natural beauty it provides a mecca for day trippers from all over the midlands and home counties providing water sports, bird watching, walking and just ambling around the many picturesque villages and ancient market towns which snuggle into the area. Harborough d.c. has a population of 76,560 people. Being so close (yet so far!) From large areas of population means that the strength of its general location draws trade all year long. Altogether a ‘magical’ and inspiring place to live and work.

Property description
The property which we believe to have always acted as the local hostelry, providing a warm welcome to local agricultural workers and farmers, dates back over 250 years and is primarily of local washed brick & stone construction under a pitched roof and is completely detached. The lounge bar (24) has a low beamed ceiling and has been totally refurbished on 06 with solid oak tables and chairs with leather pads and lots of bygones. Everywhere you look in this charming old inn your ‘eye is caught’ by items of interest including a central wood burning fireplace with tall hood over. French doors lead from here to the splendid patio area and are left open during milder months providing an abundance of natural light and welcoming draft of fresh air! Locals bar (24) partially carpeted and tiled it has a mixture of loose seating to low table, leather settee and tub chairs, and deep set windows looking over towards the village green. The room provides darts & tv for the locals and lies next to the pool room (12) with its ‘barrel ceiling’ and york style stone floors providing a pool table for the locals. Split level dining rooms (28/16) both being carpeted and mixed wall finishes of exposed brick and white walls. The upper room has also been refurbished with oak tables and chairs. The lower room is a ‘star; with brick feature fire place and low beamed ceiling and gantry with an abundance of bric a brac. Double glazed leaded windows (most of the property benefits from double glazing) over look the village homes and the sunlight dances through providing a most welcoming area to enjoy the fine food and drinks of this classic inn. Central bar servery is of wood construction with polished top. Real ale wickets and bright pumps sit on the counter top. Beer cellar is located just to the side of the servery and has a brick stillage for real ales and is fully chilled. From the cellar there is a further area with washing machines and extra fridge storage. Catering kitchen is commercially equipped with s/s units, solid top and 4 ring ranges on oven, full extraction and walk in fridge located in a separate room with further storage provided in a large roof space. Ladies & gents toilets are located to the trading areas.


Owners accommodation
Is located on the 1st floor and comprises of a range of flexible rooms within its floor space including 2 double bedrooms, master bedroom with dressing area & shower cubicle and w.c, owners lounge, family shower room & w.c., kitchen/diner and a further unused room. Interim doors provide a facility to lock off and split the room into either 2 homes or a home and letting rooms. An outbuilding has 2 further rooms above the garage which could be either used as a further family accommodation or for staff/letting.


Externals
The pub has parking available for around 15 vehicles to the side and rear of the property with direct excess by way of either a welcoming vestibule or pretty walled and gated patio garden with wrought iron tables and chairs, mature shrubs and flower arrangements into the main trading areas.


Premises licenses
We are advised that the business has ‘grandfather’ rights granted which allow trading from 11am through until 11pm (10.30 sunday) from harborough d.c.
Current trading hours are 12 noon till 3pm then 6pm till close with saturday 11.30am till 4pm then 6pm till close and sunday 12noon till 11pm. This provides plenty of opportunity to take advantage of available unused trading hours. A personal license will be required and our training associates can assist with this for you along with other licensed retail training inc bii courses.

Tenure
We are instructed to offer the business as totally freehold and free of all ties


Services
We are advised that the pubs mains sewage, electricity, water are connected with central heating by oil and cooking by lpg. The business is currently exempt of business rates.

The business
Our client has run the business for just over 2 years during which time they have enjoyed a lifestyle for themselves and their family which most aspire to and have instructed ga-select to offer the business for sale due to personal health reasons only. Up to date sales information will be provided after an official viewing however we can confirm that they will show sales of circa £428,000 inc vat on a split of 55% wet to 45% dry. This style of operation should see net sales convert at 30% to disposable net profits depending upon personal circumstances, therefore we would measure that based upon current sales net profits of above £100,000 could be available. Mat’s will prove a composite barrelage of 280 with beer barrelage of 165. Utilising currently unused available hours it would be reasonable to see sales grow up to £500,000 pa.


This is an ideal family run concern but should be of interest to both corporate and private purchasers.

This is a unique & exceptional business opportunity not to be missed and is a must for early inspection

Property information

Property:

Freehold