Ref 8282 leasehold
Superbly refurbished and unopposed Freehold/'Free of Tie' leasehold village Inn for sale with 6 Letting Bedrooms and 3 Bedroom Detached House located in the lovely Pembrokeshire village of Hundleton
Pleasantly positioned in the heart of Hundleton and close to some stunning beaches.
Fully Refurbished Trading Areas including a Lounge Bar/Dining Area (circa 60) & Public Bar (circa 30).
6 Lucrative & Newly Created En-Suite Letting Bedrooms.
Lovely Front and Side External Trading Areas for approx 40 customers.
Completely Refurbished Detached 3 Bedroom House.
Large Car Park & Commercial Catering Kitchen.
Advised turnover approx. £5,000 per week (inc vat) on a trade split of 35% wet, 35% dry & 30% letting.
Freehold or Lucrative 'Free of Tie' Lease with an Option to Purchase and a rent of only £26k per annum.
This completely refurbished Freehold/'Free of Tie' Leasehold Village Inn with 6 Letting Bedrooms and a Detached 3 Bedroom House is set in the heart of Hundleton, Pembrokeshire.
Hundleton is a village within the parish of Monkton, also containing the villages of West Orielton, Brownslate, Corston and Pwllcrochan.
The much visited town of Pembroke is only a couple of miles away with its Norman Church and many tourist attractions.
A choice of delightful sandy beaches are a short drive away including West Angle Bay, Broad Haven South and Freshwater East.
The bustling seaside resorts of Tenby and Sandersfoot are 10 miles away.
This lovely fully refurbished Freehold/'Free of Tie' Village Inn with Letting Bedrooms is built of stone construction, under a tiled roof, occupying an excellent prominent position in the heart of this Pembrokeshire village.
The Lounge Bar/Dining Area (circa 60) has been completely refurbished and benefits from solid wood flooring, inviting bar servery area, feature fireplace and excellent furnishings.
The Public/Sports Bar (circa 30) has also been refurbished and has a modern and fresh feel with its wood flooring, bar servery area, plasma screen and pool table.
Ladies and Gents W.C.'s.
There is an excellent equipped Commercial Catering Kitchen with stainless steel appliances and work surfaces (appliances not tested) along with a separate preparation room.
There is a Lower Ground Floor Cellar with python and cooler systems.
Located on the First Floor are 6 Newly Created and Lucrative Letting Bedrooms that are all presented to a very high standard. There are 5 Double En-Suite Bedrooms and along with 1 Family En-Suite Room.
Within the grounds of the property is a Detached House that has recently been fully refurbished, this contains 3 Double Bedrooms, Shower Room, Lounge-Diner and Fully Fitted Kitchen.
To the side of the property is an enclosed Lawned Beer Garden with seating for approx. 30 customers along with further seating for 10 at the front of the property.
Also, to the rear is a Large Car Park for 35 cars.
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 - 11pm
Fri - Sat 10am - Midnight
Current opening hours are:
Mon - Thursday 6pm - 11pm
Friday 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.
The business is offered for sale as a 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 £35,000.
2. The initial rent will be £26,000.
3. The annual rent is simply rpi linked to inflation every 3 years, hence no market rent reviews.
4. Rent payable monthly in advance.
5. Deposit equivalent of 3 month's rent.
6. Lease assignable after initial 2 year period.
7. Free of all brewery and supply ties.
8. Each party responsible for own legal fees 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.
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 is heated by gas central heating. (no services seen or tested). Business rates are advised as currently being £1,800 payable.
The current owners purchased the business in 2015 and have continually been making considerable improvements over the past few years. The property is now fully refurbished and is in superb condition throughout offering new owners a wonderful opportunity within this lovely area of the country. Our vendors are open to either selling the freehold or offering a 'free of tie' lease with an 'Option to Purchase'.
We are advised turnover is in the region of £5,000 per week (inc vat) with a trade split of 35% wet, 35% dry & 30% letting.
This business was viewed by Marc Blackford who would be delighted to discuss further details.
Viewing appointments must be made by contacting Guy Simmonds.
Details Prepared: July 2019
Note: Size quoted is usually the Total Useful Floor Area taken from the EPC and is for guidance purposes only and no responsibility is assumed by Guy Simmonds for the accuracy.
If size stated =1m2, this is because no measurements are available at this time.
Viewing: All appointments must be made through Guy Simmonds. Please note that these Sales Particulars are issued on the strict basis that all negotiations, viewings and contacts in connection with this business are conducted through Guy Simmonds who are appointed by the vendor to act under a Sole Selling Rights agreement with total confidentiality. Any breach of these terms may make you liable in law to litigation and damages. Under no circumstances must you approach the owner direct without a formal appointment or disclose to other customers and staff that the Premises are for sale.
Finance for purchasing A licensed property: We are in constant touch with a leading finance broker who specialises in arranging Business Finance for Licensed Properties. Whether you are purchasing a Licensed Property through ourselves, or another agent, we will be pleased to contact on your behalf our specialist who can arrange the necessary Finance Package for you at preferential rates. Please telephone for free and no obligation advice with regards to financing a Business.
Guy Simmonds for themselves and for the vendors or lessors of this property and/or business whose agents they are give notice that:-
(I) These particulars are a general outline for the guidance of intending purchasers (or lessees) and do not constitute an offer or contract, nor any part of an offer or contract.
(II) All descriptions, dimensions, distances, maps/plans, references to condition, trading figures and other items in these particulars are given as a guide and no responsibility is assumed by Guy Simmonds for the accuracy of individual items. Intending purchasers (or lessees) should not rely on them as statements of representations of fact and should satisfy themselves as to the correctness of each item by making independent enquiries.
(III) Intending purchasers (or lessees) should make their own independent enquiries regarding the use of the property, necessary permissions for use and occupations, potential uses and any other matters affecting the property prior to purchase.
(IV) Guy Simmonds do not make or give whether in these particulars, during negotiations or otherwise, any representation or warranty in relation to this property. No responsibility is taken by Guy Simmonds for any error, omission or mis-statement in these particulars. Guy Simmonds do not warrant the accuracy of any accountancy information supplied and purchasers are advised to take independent advice in order to satisfy themselves.
(V) Guy Simmonds are unable to give any warranty as to the working order of any apparatus, equipment, fittings or services associated with the premises and therefore, cannot verify they are in full working order. Purchasers are strongly advised to obtain specialist reports prior to exchange of contracts in order to satisfy themselves.
(VI) All statements and descriptions are made without responsibility or warranty by Guy Simmonds, the vendors or lessees. Neither do Guy Simmonds nor the vendors/lessees hold ourselves responsible for any expenses whatsoever incurred by applicants inspecting Businesses which may be sold or withdrawn, to include travelling, valuation/survey, legal fees etc.
(VII) No person in the employment of Guy Simmonds has any authority to make or give any representation or warranty whatever in relation to this property.
(VIII) It should not be assumed that the contents of any photographs are included in the sale.
(IX) All prices quoted are excluding stock at valuation.