Public House With B&B Accommodation In Plymouth For Sale

Business description

PUBLIC HOUSE WITH B&B ACCOMMODATION - DEVON
Old unique lease protected by the landlords & tenants act
Advised weekly turnover of £5,452 with good GP returns
Sale price includes all general fixtures and fittings
Beautiful picturesque location in Hooe, Plymouth
Very well presented and appointed throughout
Early interest and viewing is highly advised
Ideal lifestyle change opportunity
LEASEHOLD


Business History

Meridian Business Sales are delighted to offer for sale this excellent leasehold public house which has a proud history dating back to the 1860s. Since 2007 it has been owned and run by our clients who are only now placing it onto the market due to their other business commitments and unfortunate poor health. The public house achieves a very respectable advised weekly turnover of £5,452 which is derived from selling an excellent range of beers, wines and spirits coupled with a popular food menu. The property has its own private living accommodation which is a big plus for a new owner who doesn't currently reside within a commutable distance. The pub also has space to facilitate bed and breakfast which is yet to be utilised by the business' current owners' and would undoubtedly increase the already high turnover. Our clients are very generously including all fixtures and fittings into the sale price which is a big plus for a new owner as additional funds will not need to be spent for the foreseeable future. We would like to urge very early interest in this opportunity as public houses of this calibre with such a favourable brewery tie rarely appear onto the market.

Property information

Property:

Leasehold

Lease terms:

Leasehold
Original length: 30years
Remaining: 25years
Review: 5years
Rent: £30,050pa

Living accommodation:

Well presented lakeside property with mooring, beer garden, BBQ and picnic external areas, combined lounge and bar with high occupancy seating and fitted bar, commercial kitchen, cellar with bottle storage, first floor male and female toilets, 3 B&B guest rooms, second floor 1 bedroom owners flat with kitchen / dining, living room and bathroom, communal parking, fire alarmed throughout. GROUND FLOOR - Secure front entrance leading to open plan bar/lounge with exposed wooden beams, central fitted bar with pumps, spirit display and chillers, fixed seating plan tables, chairs and stools, 2 feature wood burning fireplaces. Commercial style stainless steel kitchen with large extraction unit. Cellar with bottle storage FIRST FLOOR - Male and female toilets B&B (currently not used) Bedroom 1 - Double Bedroom 2 - Double with en-suite Bedroom 3 - Family SECOND FLOOR - Private owners' accommodation, double bedroom, Kitchen/dining room, Living room and bathroom EXTERNAL - Mooring rights to the side of the property Beer garden slate and lawn with picnic bench seating BBQ and picnic area

Location:

This superb leasehold public house is situated in the beautiful area of Hooe which is part of Plymouth in Devon. The location is ideal as it sits on the edge of the Hooe Lake with its own moorings and fabulous views across the water. The village offers nice housing, picturesque views, excellent shopping and a broad range of neighbouring tourist and visitor hotspots. The area has been attracting lifestyle change couples and retiree's for years which also gives the business a local and loyal customer base who visit frequently throughout the year. Areas around Hooe include Plymstock and Radford to the East and Turnchapel to the Northwest and Jenny Cliff to the West. Hooe also has easy access to Dartmouth National Park and is a favoured point to stay for Devon's many foreign and domestic visitors.