Thriving Public House In Plymouth Devon For Sale

Business description

We are delighted to offer for sale this thriving public house, which was established in 1800 and which has been in our clients' careful hands since 2002. The pub is only now offered to the market due to our clients' wish to retire. The business trades 7 days a week and generates a turnover in the region of £310,000 per annum with a gross profit of 61%. The pub is tied to Punch Taverns and has a wet/dry split of 40/60%. We feel the turnover could be further increased by embarking on a modest marketing campaign. Boringdon Arms offers a wide range of real ales, fine wines, traditional pub food and the letting of 6 guest bedrooms. The business has an excellent reputation and is renowned for providing a quality service. There is a website in place advertising services and accommodation provided and with online booking facilities. The premises boast 6 letting rooms and a spacious bar area and have been well-maintained and finished to a high standard throughout. There is also 2-bedroom owners' accommodation and 4 spacious unused rooms to the third floor, which we feel could be utilised as further letting rooms. Our clients have advised us that there is planning in place for a further 220 homes to be built in the area, which should increase the turnover. Early negotiations with Preferred Commercial must come highly recommended.

Property information

Property:

Leasehold

Lease terms:

Original length: 28 years
Remaining: 20 years
Review: every 5 years

Leasehold rent:

£33,000 per annum

Location:

Boringdon Arms occupies substantial 4-storey premises, ideally located in the densely populated residential area of Turnchapel in Plymouth, Devon. The business boasts a prominent trading position just off the seafront and is surrounded by numerous residential properties, from which it draws much trade. The local amenities are close by and there are a number of bus stops within easy walking distance. The business boasts easy access to the A-road network and Plymouth city centre is less than 5 miles away. Plymouth is a popular tourist destination boasting many attractions including Plymouth Hoe and Smeaton's Tower. The city is a highly desirable place in which to live and work.

Premises details:

Substantial 4-storey public house premises with 6-letting rooms and 2-bedroom owners' accommodation. Briefly comprising:

Ground Floor
• Lounge bar with tables and chairs for up to 24, wooden bar servery and coffee machine
• Main bar area with 2 x log burning stoves, tables and chairs for up to 20, bar servery with 14 points of dispense, 2 x glass fronted drink chillers, glass washer, sink and optics display
• Enclosed area to rear with additional tables and chairs and polyvinyl roof
• Commercial kitchen with 6-burner gas hob and oven, Salamander, twin fryer, 2 x refrigerators, 2 x freezers, Bain Maria, 2 x microwave ovens, 2 x combi ovens, dishwasher and sink
• Storeroom with dry store, 5 x freezers and 2 x refrigerators

First Floor
• Room 1: triple bedroom with 3 x single beds
• Room 2: twin bedroom
• Room 3: double bedroom
• Room 4: family bedroom with en-suite shower facilities
• Room 5: family bedroom with en-suite shower facilities
• Room 6: double bedroom
• 2 x WCs with wash hand basins
• Shower room

Second Floor
Owners' accommodation
• Lounge
• Kitchen
• Master bedroom
• Double bedroom with walk-in-wardrobe
• Utility room
• Family bathroom

Third Floor
• 4 x unused rooms, could be used for further letting accommodation

External
• Covered smokers' courtyard
• External barn with bar
• Unique cliffside paved garden with picnic benches

Business Operation

Trading hours:

Mon - Sat: 11:00am to 1:00am
Sun: 12:00pm to 11:00pm