This beautifully presented and sought after Freehold or 'Free of Tie' Leasehold Inn & Restaurant with Letting Bedrooms and a Caravan Park is situated within the Worcestershire village of Welland.
Welland is a village and civil parish in the administrative district of the Malvern Hills, in the pretty county of Worcestershire.
This splendid business sits beneath the Malvern Hills and is located six miles from the town of Malvern and fifteen miles from the city of Worcester. It is part of the informal region referred to as The Malverns.
Welland is a crossroads village in South Worcestershire situated almost midway between Worcester and Gloucester and sits close to the Three Counties Showground.
This highly desirable village benefits from its own Primary School and a Village Shop.
This beautifully presented village inn is of brick construction, under a pitched tiled roof occupying an excellent prominent rural position on the outskirts of the village of Welland, Worcestershire.
The Lounge Bar (circa 35) is presented beautifully and benefits from a central bar servery area along with carpeted flooring, beamed ceilings and a log burning fireplace.
The Dining Room (circa 30) is in keeping with the Lounge Bar and offers a mix of tiled and carpeted flooring, bar server, log burning fireplace and quality furnishings.
The Snug Area (circa 10) is an intimate area with carpets, log burner and beams.
Ladies and Gents W.C.s + disabled facilities.
There is a well equipped Commercial Catering Kitchen with stainless steel appliances (not tested) and work surfaces along with a separate wash up area and Walk In Fridge & Freezer.
The Ground Floor Beer Cellar has coolers and a python system.
The owner’s accommodation is situated on the 1st floor and briefly comprises: Two/Three Double Bedrooms, Lounge and Bathroom all in good condition.
Located on the 1st Floor and offering its own entrance are 2 Doubles, a Twin and a Family Room all En-Suite and in fantastic condition. The rates range from £75 per room per night B&B.
To the side of the property is a lovely Lawned Beer Garden with Children’s Play Area and offers seating for approx. 50 customers. There is a pleasant Patio Terrace Area (circa 35) along with a Smoking Shelter. There is a Car Park for 30 cars.
To the rear of the building is a Storage Barn which we are advised has Planning Consent (not seen) for further Letting Accommodation.
CARAVAN & CAMPSITE
To the rear of the property is a Touring Caravan Site along with a further area for camping. The Campsite offers 13 Electric Hook Ups with further space for 12-14 tents. There is an external wash up area and within the main building are two shower rooms and toilets offering 24 hour access.
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 - Thursday 10am - Midnight
Fri - Sat 10am - 1am
Current opening hours are:
7 days per week Midday - Midnight
NB. Important. Prospective purchasers wishing to continue to operate the public house should ensure that they gain the APLH Qualification in readiness for their intended operation of the Public House.
The property and business is being offered for sale freehold (although we have not had sight of the title deeds) or as a new highly favourable 10 year Private FRI Lease Agreement as follows:
1. The asking premium will be £40,000
2. The initial annual rent will be £25,000 with an increase to £30,000 in Year 2 and £35,000 in Year 3.
3. The annual rental is simply RPI linked to inflation every 3 years, hence no rent reviews.
4. Rent payable quarterly in advance.
5. Lease re-assignable after initial 2 year period.
6. Free of all brewery and supply ties.
7. Each party responsible for own legal costs relating to the transaction.
8. We are advised that our vendor client would be agreeable to insert an ‘Option to Purchase’ clause within the lease agreement, to enable the lessee to subsequently purchase the freehold element at a price to be mutually agreed.
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 and all other mains services and uses oil central heating (services not tested). Business rates payable are advised as being £14,500 per annum.
The current owners purchased the business in 2013 as a family concern and are offering the property in very good condition along with having an established and consistent trade.
Our vendor clients are looking to retire and offer this excellent opportunity for new owner operators to purchase either the freehold or ‘free of tie’ lease option.
This offers an excellent opportunity for either a freeholder or leaseholder to continue to build the business.
We are advised that declared turnover for y/e 09/16 was £443,217 (inc VAT) with a trade split of 55% wet, 35% food & 10 % accommodation.
Accounting information will be made available to interested parties after viewing.
This business was viewed by Marc Blackford who would be delighted to discuss further details and can be contacted on 07812 753014.
Viewing appointments must be made by contacting Guy Simmonds on 01332 865112.
Details Prepared: October 2017