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Fabulous Country Inn In The Fringes Of Taunton For Lease

Taunton, Somerset, UK
Asking Price:
£69,950
Sales Revenue:
Available on request
Cash Flow:
£250K - £500K

The Monkton Inn is a very well-known, well established and attractive country village public house which lies close to the fringe of the County Town of Taunton, about one mile from the A38 which connects Taunton to Bridgwater and a short drive from Junctions 24 and 25 of the M5 motorway.

The Monkton Inn has been in the present owners’ hands since 2011 and has evolved as a successful, well respected village public house of character, with an ever growing reputation for good quality catering. The property is beautifully presented throughout and has undergone a substantial internal renovation over recent years.

Property Information

Property:

Leasehold

Location:

West Monkton is a much sought after village benefiting from good road connections and easy access to the adjoining County Town of Taunton. The immediate and surrounding area has grown significantly over recent years with further expansion plans for new housing in the pipeline. Phase one of the Monkton Heathfield urban expansion plan has largely been delivered, with construction continuing on the new homes at Hartnell Farm and the new western relief road having been recently opened. With circa 2,500 homes already completed the next phase will see another 2,500 which increases trading potential for the Monkton Inn significantly.

Premises Details:

The premises briefly comprises: -

Side entrance
Into the Interconnecting trading areas which include three main sections:-

Snug/public bar
With seating for 36, central open brick fireplace with double sided log burning stove, tall panelled pine refectory settles, natural wood tables and chairs, leather sofa and natural wood floorboards. Centrally positioned BAR SERVERY with dark wood panelled counter, Italian coffee machine and wine bottle/ optic back bar display.

Restaurant
With seating for 40, LVT flooring, substantial natural wood tables and rail back chairs, stone wall features and patio doors.

Lounge bar
With seating for 12 and access through to:-

Ladies cloakroom

gents cloakroom

commercial kitchen
Fully fitted with nonslip flooring, full canopy extraction and a range of quality stainless steel catering equipment.

Wash up room

dry goods store

refrigerated beer cellar

owners accommodation
Subject to a major upgrading programme in the last couple of years and comprises:-

Master bedroom

Lounge
With double aspect.

Office/bedroom

bathroom

Former pudding kitchen
Currently utilised for storage and could be used as second bedroom.

Outside
The Monkton Inn has a 2 CAR PARKS for approximately 45 vehicles. A feature of the property is the large mature GARDEN with seating for approximately 140, trees and shrubs and timber play equipment. Recently built tiled roof and heated SMOKING SHELTER.

General information

Rateable value
2017 List: £16,000. Council Tax B. For information, we advise you to contact the Local Authority, Taunton Deane Council, Tel 01823 356356.

The business
The current owners acquired the Leasehold Interest in the premises in September 2011 and have embarked upon an ambitious programme of refurbishment with substantial investment throughout the property.

The business is run by a couple with the help of 2 full time member of staff and a compliment of part time staff.

The Monkton Inn is approximately 70% food led and the Inn has won many accolades over the last few years. The food is freshly prepared and locally sourced wherever possible and the Inn has established a strong clientele base from a wide catchment area. Beer and wine sales are significant and the Inn still retains its charm as a ‘proper’ pub.

Ranked #18 out of 180 Restaurants in Taunton on TripAdvisor, the Monkton Inn enjoys fabulous reviews across many digital platforms and thrives on its far reaching reputation.

Our clients inform us that the net sales are in the region of £400,000 excluding VAT per annum. With the advent of thousands of more new homes to be built in the area the future potential of this business is huge.

Further accounting information will be made available to bone fide interested parties following a formal viewing.

Tenure
We have been informed that the property is held on a Unique lease (now Enterprise Inns) tied for Beer and Cider only with 9.5 years unexpired at a current rent of £25,000 per annum. The lease is held on Fully Repairing and Insuring terms.

Services
We have been informed that the property has gas central heating and is connected to all mains services.

Inventory
To include furnishings and equipment as per an inventory to be supplied, but excluding the owners personal effects.

Stock
Wet and Dry stock in trade and Bar Glassware will be taken over by the purchaser at valuation on the day of completion.

Energy Performance Rating:
C

Other Information

Related Documents:

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