Attractive 15th Century Riverside Free Of Tie Village Inn For Sale

Business description

ATTRACTIVE 15TH CENTURY RIVERSIDE 'FREE OF TIE' VILLAGE INN WITH LETTING BEDROOMS, ICE CREAM PARLOUR AND UNIQUE FERRY SYSTEM IN THE VILLAGE OF SYMONDS YAT WEST, MONMOUTHSHIRE




Wonderful riverside location on the River Wye in the highly popular village of Symonds Yat West.
Stunning lounge bar (circa 30) full of character with beams, carpeted floors and exposed walls.
Restaurant (circa 50) with lovely river views with open fireplace, carpets and bar servery
6 double en-suite letting rooms and 2 single rooms along with a 2 bed living accommodation.
All trading areas, letting bedrooms and living accommodation offer the stunning river views.
Large riverside patio terrace area, large car park, Ice cream parlour and unique ferry system.
Turnover for y/e 03/08 is £300,000(inc vat) on a 50/50 trade split with an annual rent of £36,000.
These figures exclude accommodation, ice cream and ferry turnover.


UNIQUE, THRIVING AND PROFITABLE BUSINESS IN STUNNING VILLAGE OFFERED ON A FREE OF TIE LEASE.


ASKING PRICE £90,000 FREE OF TIE LEASE TO INCLUDE FIXTURES & FITTINGS, GOODWILL, EXCLUDING S.A.V.


LOCATION
This historic riverside 'free of tie' business has a beautiful location alongside the River Wye in the village of Symonds Yat West set in the stunning Wye Valley, Monmouthshire.

Symonds Yat West is famous for its Nature Conservation Areas, Woodlands Trust and Yat Rock, which offers lovely views from 500 feet above sea level and very popular with visitors.

The village has a very good primary school along with comprehensive schooling in Ross on Wye and Monmouth.

The towns of Ross on Wye and Monmouth are both within 6 miles, and the M50 only 7 miles away offering great road links.

The business has a wonderful location on the River Wye with stunning views and its own unique 'hand ferry' offering the option to cross the river which forms part of many walks.

THE PROPERTY

This substantial inn is an attractive and impressive 3-storey property of local stone construction under a pitched, tiled roof occupying a superb and idyllic riverside village location.



The Lounge Bar (circa 40) is a wonderful bar full of character offering carpeted flooring, large bar servery, exposed stone walls and wooden beams along with views over the river.

The Restaurant (circa 50 covers) is a good sized charming and delightful room with many tables having the benefit of river views. Carpeted flooring and exposed stone walls complement the excellent furnishings.

The Snug Area (circa 16) is currently an unused room offering potential for many uses including a games room or further dining area.

Ladies and Gents W.C's.

Lower Ground Floor Cellar with pumps, racks, python and cooler.



Catering facilities include a large fully equipped commercial Kitchen with stainless steel appliances and preparation surfaces (appliances not tested). Walk In Fridge and various storage spaces for further fridges and freezers make up this impressive catering facility.

OWNERS ACCOMMODATION

Situated on the first floor and briefly comprises: Two double bedrooms both offering en-suite facilities, lounge and kitchen.

LETTING ACCOMMODATION

Situated on the first and second floors are 5 double en-suite rooms, 1 triple en-suite room and 2 single letting bedrooms along with a bathroom for the two single rooms. All rooms have a riverside view.

EXTERNAL

To the front of the property is an extensive riverside patio terrace area offering seating for 60+.

The property also owns the unique ‘hand ferry’ system offering access from one side of the river to the other and being an integral part of many walks. An ice cream parlour is also part of the grounds.

To the side of the property is a large car park for 40 cars.

TRADING AND LICENSING

We are advised that the business trades with the benefit of the Premises Licence (not seen) which permits the sale of alcohol during the hours of:

Sun - Thurs 10am - 11pm

Fri - Sat 10am - Midnight

Current opening hours:

Sun - Thurs Midday - 11pm

Fri - Sat Midday - Midnight

NB. Important. Prospective purchasers wishing to continue to operate the public house should ensure that they gain the NCPLH Qualification in readiness for their intended operation of the Public House. Guy Simmonds hold this 1 day NCPLH Course every 2 weeks. Please telephone us to reserve your place or browse the training section of this site.

GENERAL REMARKS

The business is offered for sale as a private 'free of tie' lease assignment with approximately 7 years remaining of the original full repairing and insuring, renewable agreement. We are informed that the rent is currently 36,000 per annum with the next rent review not due for 2 years. We are advised that at the end of the term, the Lease (not seen by Guy Simmonds) should be renewable with no further premium - subject to the provision of the Landlord & Tenant Act 1954. We are advised that the inn benefits from LPG gas with all other mains services and uses oil central heating (no services seen or tested). Business rates are advised as currently being £7,000 per annum.

Within this lease agreement is the option to purchase the freehold at an agreed price.

THE BUSINESS

The current owner took over the business in 2007 as a family concern in this profitable and well established business. The vendor has increased the turnover by £100,000 over the last 12 months and offers this business as a rapidly growing concern with an excellent reputation and location.

Our client is offering the business for sale due to increased business commitments.

This offers an ideal opportunity for owner operators to continue with the excellent reputation that the current vendor client has achieved and also enjoy the lovely lifestyle.

Current sales for y/e 03/08 is £300,000(inc VAT) with a 50% wet & 50% food trade split. This turnover has no accommodation, ice cream or ferry income included.

The asking price reflects the location and the current trading foundation.

Accounting information will be made available to interested parties after viewing.

Property information

Property:

Leasehold