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WELL APPOINTED, UNOPPOSED AND THRIVING FREEHOLD OR ‘FREE OF TIE’ VILLAGE INN & RESTAURANT WITH STABLES FOR SALE SITUATED IN THE SOUGHT AFTER VILLAGE OF WHITBOURNE, ON THE WORCS/HEREFORD BORDER

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  • Set in the heart of this lovely village backing on to open fields and delightful views.
  • Main Bar with Games Area (circa 40) offers bar server, quarry tiled floors, open fireplace and beams.
  • Superb Restaurant (circa 36) with flagstone floors, feature fireplace and wood panelling.
  • Lounge Bar (circa 16) offering wood floors and fire.
  • Excellent Beer Garden (circa 50) with BBQ Area.
  • Large Car Park & Catering Kitchen.
  • 4 Large Stables & Separate Retail Unit.
  • 3 Bedroom Living Accommodation and further potential for letting accommodation (STPP).
  • Freehold or New 10 Yr ‘Free of Tie’ Lease with ‘Option to Purchase’.
  • Advised turnover circa £310,000 (incl. VAT) year end 08/17, based on a trade split of 50% wet and 50% food.
A BUSY VILLAGE INN OFFERING A LOVELY LIFESTYLE


ASKING PRICE £375,000+VAT FREEHOLD or £35,000 LEASEHOLD TO INCLUDE FIXTURES & FITTINGS, GOODWILL, EXCLUDING S.A.V.

Location

This unopposed and thriving Village Inn & Restaurant with Stables is situated in the heart of Whitbourne, backing on to open fields and offering delightful views.

Whitbourne is a village in Eastern Herefordshire, very close to the Worcestershire border and on the banks of the River Teme.

The village is served by the A44 road leading into Worcester and has Bringsty Common on the other side.

Around 400 people live in the village with a similar amount living in surrounding houses and farms.

The village has a community shop along with an independent school.

THE PROPERTY

This desirable Freehold or ‘Free of Tie Leasehold Village Inn & Restaurant is built of brick construction under various pitched tiled roofs and benefits from a prominent position within the heart of the village.

The Main Bar & Games Area (circa 40) is a traditional bar area offering quarry tiled flooring, bar servery area, exposed stone walls, beamed ceilings, pool table and darts throw.

The Lounge Bar (circa 16) benefits from solid wood floors, bar servery and an open fireplace.

The Restaurant (circa 36) is a fully refurbished room that benefits from flagstone floors, feature fireplace, wood panelling and views over the gardens and fields.

Ladies & Gents W.C’s.

There is a Commercial Catering Kitchen with stainless steel appliances (not tested) and work surfaces with a separate wash up area.

The Lower Ground Floor Cellar has a python system, beer drop and coolers.

RETAIL UNIT

Located to the side of the property and offering its own entrance is a small retail unit that has been used as a Hair Salon recently. This could be further trading areas for the Inn or continued as a separate entity.

OWNERS ACCOMMODATION

Located on the 1st Floor and comprising of Three Double Bedrooms, Large Lounge, Bathroom and Fitted Kitchen. There is potential to create letting bedrooms above the property (STPP).

EXTERNAL

This desirable property benefits from a spacious lawned Beer Garden (circa 50) with BBQ Area and lovely views.

To the side of the building is Car Parking for 25 cars.

To the other side of the business are 4 Stables (2 x 12x12 & 2 x 12x9).

TRADING HOURS

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:

7 days per week 11am - Midnight

Current opening hours are:

Monday 5pm - Midnight

Tues – Fri Midday – 2pm/5pm - Midnight

Sat – Sun 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.

GENERAL REMARKS

The property and business is being offered for sale Freehold (deeds not seen) or as a new highly favourable 10 year Private FRI Lease Agreement as follows:

1. The asking price will be £35,000.

2. The initial rent will be £28k per annum.

3. The annual rental is simply RPI linked to inflation every 3 years, hence no market rent reviews.

4. Rent payable quarterly in advance.

5. Equivalent of 3 month’s rent paid as deposit on completion.

6. Lease assignable after initial 2 year period.

7. Free of all brewery and supply ties.

8. Each party responsible for own legal costs relating to the transaction.

9. 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.

The property offers LPG and all other mains services along with being heated with gas central heating (no services tested). Business rates payable are advised as being free of charge.

THE BUSINESS

The current owners purchased the business in 2014 and have made some significant improvements over the past 4 years. The property is presented to a good standard and offers a thriving and profitable concern.

New owners will benefit from a busy business that offers further potential and a lovely village lifestyle.

We are advised that accounts declare takings of circa £310,000 (incl. VAT) in the year to end 08/17 on a trade split of 50% wet and 50% food.

Accounting information will be made available to interested parties after viewing.

The property 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 via Guy Simmonds on 01332 865112.

Details Prepared: April 2018

ADDITIONAL IMAGES

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