Attractive & Spacious Detached Village Pub For Sale

Business description

Please note the business re-opened in February, 2012 after a certain amount of refurbishment.

GROUND FLOOR SPACIOUS LOUNGE BAR, carpeted plus large area with woodstrip polished floor. Large open fireplace plus additional open fireplace. Tables and chairs plus 2 armchairs and 4 sofas providing seating for approx. 40 persons. Bar with mahogany servery, mirror-backed shelving, range of optics, hand pumps, coolers etc.

The bar leads to a CONSERVATORY which is well furnished with tables and chairs providing seating for 20 persons. In addition there is a further CONSERVATORY.

Ladies' cloakroom with 2 w.c's each with wash hand basin plus additional carpeted area with table
Fully tiled gentlemen's cloakroom with w.c. 2 urinals, 2 wash hand basin
Fully tiled disabled cloakroom with w.c. and wash hand basin

CATERING KITCHEN with large double door upright deep freeze, 1 upright commercial fridge, 2 stainless steel tables, 2 carvery units, large bain marie with 6 heated spotlamps, 6-burner double oven (needs attention), 2 small deep fryers, 1 microwave oven, double sink and drainer etc.

Basement cellar with beer cellar

LETTING ACCOMMODATION mainly comprising a new extension to the rear of the Freehouse, built on we understand approx. 9 years ago, comprises as follows:
Bedroom 1 - Double Bedroom with en suite fully tiled bathroom with jacuzzi bath, separate shower, w.c. and wash hand basin
Bedroom 2 - 2 single beds plus 1 sofa bed with en suite bathroom with bath, shower over bath, w.c. and wash hand basin
Bedroom 3- Disabled room with twin beds, fully tiled en suite shower room with shower, w.c. and wash hand
Bedrooms 4, 5, 6 7, 8, 9 & 11 - all have double bed each with fully tiled en suite shower room with shower, w.c. and wash hand basin
Bedroom 10 - Single bedroom (used for storage purposes at present) with fully tiled en suite shower room with shower, w.c. and wash hand basin

All the letting bedrooms are fully carpeted and fully furnished, each have colour television and tea/coffee making facilities.

It will be appreciated upon inspection that there is potential to extend property at rear to provide a large function room plus additional letting bedrooms, subject to obviously obtaining the necessary planning permission.

Property information

Property:

Freehold

Lease terms:

We understand the premises are held on a secure renewable full repairing and insuring lease for a period of 5 years from the 1st November, 2011 at a rental of £33,000 p.a. exclusive of rates for the first 4 years, with rent to be agreed thereafter.

Uniform Business Rates £2,868 approx

RECOMMENDED FOR EARLY INSPECTION

Living accommodation:

The OWNER'S SPACIOUS living accommodation with FULL GAS FIRED CENTRAL HEATING, comprises: 4 Bedrooms (1 double 15' x 15' approx. 1 additional double 15' x 13' approx. plus 1 additional double 15' x 13' approx. 1 single 15' x 10' approx). Bathroom with corner bath with shower over bath, plus separate shoer cubical, w.c. and wash hand basin Shower room with shower, w.c. and wash hand basin Large lounge 15' x 12' approx.

Location:

Sought after locality, nr Ipswich, SUFFOLK.

Business Operation

Expansion potential:

AS STATED ABOVE the business re-opened in February, 2012 and we are advised by the owner that the turnover is currently in the region of £3,500/£4,500 p.w. in our opinion offering tremendous potential for further increase in the right hands.

Reasons for selling:

TO INCLUDE THE SECURE LEASE, FIXTURES & FITTINGS £45,000 subject to contract OR COMPLETE WITH THE VALUABLE FREEHOLD PROPERTY, GOODWILL, FIXTURES & FITTINGS £445,000 plus STOCK AT VALATION SUBSTANTIAL MORTGAGE TO AN APPROVED APPLICANT IT SHOULD BE NOTED THAT THE PRESENT OWNER IS PREPARED TO CONSIDER A PRIVATE LOAN IN THE REGION OF £145,000 SECURED BY A SECOND CHARGE ON THE PROPERTY.

Trading hours:

6 p.m. - 11 p.m. seven days per week

Employees:

At present mainly staff operated. 2 full time plus 1 part time staff employed.

Other information

Financing available:

Please call Nationwide Businesses who will be pleased to help you with finance

Leasehold asking price:

£45,000