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HIGHLY ATTRACTIVE TRADITIONAL UNOPPOSED 17th CENTURY FREEHOLD INN LOCATED IN THE AFFLUENT SOUGHT AFTER LINCOLNSHIRE VILLAGE OF HEMINGBY CLOSE TO HORNCASTLE & CADWELL PARK

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  • Character Inn located within the affluent Lincolnshire village of Hemingby only 4 miles from Horncastle & close to Cadwell Park and Woodhall Spa.
  • Lounge Bar (circa 28 plus standing) : Pool area (circa 10 plus standing) both with exposed wooden ceiling beams, exposed brickwork and open coal fire.
  • Games / Community Room (circa 10 plus standing) with Pool/Table Tennis table, Village computer facility, Darts throw and exposed wooden rafters to the ceiling.
  • Dual purpose ground floor Kitchen.
  • 3 Double Bed Owners Accommodation with spacious private grassed Garden area and private access.
  • Lovely enclosed grassed Garden area to the side overlooking the village church and rolling countryside.
  • 2 Acre multi use Camping Field to the rear (available by separate negotiation).
  • Advised turnover circa £95,000 (incl.VAT) on reduced trading to end of April 2014.
  • Trade split approx 70% Wet sales ; 30% Food sales.
  • Genuine reason for sale. Retirement.
A VERY RARE OPPORTUNITY TO PURCHASE THIS WONDERFUL FREEHOUSE IN AN AFFLUENT SOUGHT AFTER VILLAGE LOCATION WITH FURTHER POTENTIAL

ASKING PRICE £295,000 FREEHOLD TO INCLUDE FIXTURES & FITTINGS, GOODWILL, EXCLUDING S.A.V.

Location

This charming property is located in the affluent sought after village of Hemingby directly opposite the Grade II listed village church. Hemingby has only a pub, a church & a village hall however is surrounded by other affluent villages divided by beautiful rolling countryside. The village is only 4 miles from the famous market town of Horncastle. Other nearby places of interest include the affluent Lincolnshire Wolds village of Woodall Spa (10 miles), the market town of Louth (11 miles) and the famous historic Cathedral City of Lincoln (19 miles). Hemingby is highly popular with walkers and ramblers all year round and is a sought after camping magnet for Cadwell Park racetrack circuit that is only 6 miles away. The local road networks include the A46, A15, A16 and the A158 East coast road that leads to Skegness (25 miles).

THE PROPERTY

This two storey traditional village inn is packed with character and rustic charm. With an elegant stonewashed front exterior the property is of brick construction and a pitched, tiled roof. A small quarry tiled entrance porch to the front of the property and a porch area to the side give access to all the trading areas. This consists of:

Lounge / Bar (circa 28 plus standing) is a well presented traditional room, fully carpeted with loose tables, chairs & various perimeter wooden bench pews. Exposed wooden ceiling beams, wood cladded walls, areas of exposed brickwork and local historic photos to the walls add to the ambience & feel of this room. There is an attractive well stocked bar server of brick construction with 4 cask ale hand pulls. There is an open coal fire & a wall mounted HDTV. This leads to:

Pool Area (circa 10 plus standing). This area has loose tables, chairs & stools on a carpeted floor with exposed wooden ceiling beams & areas of exposed brickwork. There is an open coal fire leading through from the Lounge/bar, a Pool table, Darts throw & village book swap storage area.

Games/Community Room (circa 10 plus standing) is a self contained purpose built area that has previously been extended. The room is fully carpeted with high stools & fitted perimeter shelving. There is a Pool Table/Table Tennis Table, Village facility PC, Darts throw & wall mounted HDTV with exposed wooden rafters to the open ceiling. There is a partially equipped Commercial and Domestic Kitchen, (equipment not tested) with separate prep room & utility/Fridge & Freezer store leading off. There is also a staff WC.

Below ground floor Beer Cellar with cask storage and cellar cooling.

Ladies & Gents WC.

OWNERS ACCOMMODATION

The owner's accommodation is situated on the ground & first floor & briefly comprises of: 3 double bedrooms, lounge, office/Dining Room & bathroom with separate shower. The owner's accommodation has private access and a spacious grassed garden area with 30' greenhouse.

EXTERNAL

To the side of the property is a well presented grassed garden area with wooden picnic benches (circa 30) & children's play equipment. To the front of the property are a few wooden picnic benches amidst well kept floral troughs & baskets. To the rear is the patron's gravelled car park for approx 25 cars. Also to the rear is a double garage & further storage area. *To the rear of the property is a 2 acre field available to purchase by separate negotiation, lending itself as a regular camping area with permissions for 5 caravans & unlimited camping tents.

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:

Mon - Sun 11am to midnight

Current opening hours are:

Mon - Tues 7pm to 11pm

Weds - Sat 12noon to 2.30pm

Weds - Sat 6pm to 11pm

Sun 12noon to 2.30pm

Sun 7pm to 10.30pm

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. Guy Simmonds hold this 1 day APLH Course every month. Please telephone us to reserve your place or browse the training section of this site.

GENERAL REMARKS

The property and business is being offered for sale Freehold (although we have not had sight of the title deeds). The property uses Calor for cooking, Oil for heating and all other mains services are connected (no services tested). Business rates payable are advised as currently being circa £nil per annum to include all relevant reliefs.

THE BUSINESS

The current owners purchased the Freehold property in 1993 and have built an excellent reputation as a popular village Inn offering quality home cooked food (including the popular Sunday Roast) & drinks in lovely surroundings. Not only has this business been a regular winner in the Lincolnshire Life/Taste of Lincolnshire awards scheme it has also been listed continuously in the CAMRA Good Beer Guide from 1998 to present. The business is at the centre of the local community providing a village computer facility and a popular book club. It also plays host to 2 darts, 2 dominoes, 1 pool & 1 quiz team. The business is operated by the owners assisted by 4 part time/casual staff members. Our vendor clients have decided that the time is right to retire from the trade & take life at a more leisurely pace. We are advised annual turnover to 30 April 2014 was circa £95,000 (incl. vat) on reduced trading with trade split of 70% wet, and 30% food sales.

New owners could continue to run the business using the same current formula or driving the business forward by exploring the obvious potential & opportunity to introduce a new food offer, extend the opening hours, develop the 2 acre rear camping field (available by separate negotiation) & introduce fresh ideas from their business plan.

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

The property was viewed by Richard Fletcher who would be delighted to discuss further details and can be contacted on 07527 718400.

Viewing appointments must be made via Guy Simmonds on 01332 865112.

ADDITIONAL IMAGES

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