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DESIRABLE AND WELL-PRESENTED UNOPPOSED ‘FREE OF TIE’ INN LOCATED IN THE AFFLUENT AND SOUGHT-AFTER LEICESTERSHIRE VILLAGE OF HOSE IN THE HEART OF THE VALE OF BELVOIR

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Deposit Taken - Solicitors Instructed


  • An affluent sought-after Leicestershire village close to Melton Mowbray, Belvoir Castle and Grantham.
  • Open plan trading area (circa 60+ plus standing) with exposed wooden ceiling beams, quality furnishings and décor, 6 cask ales and 2 x open coal fires.
  • Well-presented self-contained multi-use Restaurant/Dining/Meeting room (30+ covers) with exposed wooden beams/rafters and Al Fresco balcony.
  • Spacious Al Fresco Patio area to the rear (circa 40+) : Further patio area (circa 60+) with bouncy castle : Unused paddock providing opportunity for camping or marquee events : Large Patron’s Car park.
  • Fully equipped commercial catering kitchen.
  • Spacious and highly desirable 4 double bedroom owners’ accommodation.
  • Advised turnover circa £325,200 (incl. VAT) for year ending 31st March 2018.
  • Trade split of: 75% Wet sales ; 25% Food sales.
  • Highly desirable privately owned totally ‘Free of tie’ renewable lease with attractive rent.
A THRIVING PRIVATELY OWNED ‘FREE OF TIE’ INN SET IN A DELIGHTFUL VILLAGE PROVIDING MANY UNTAPPED OPPORTUNITIES


ASKING PRICE £59,500 LEASEHOLD TO INCLUDE FIXTURES & FITTINGS, GOODWILL, EXCLUDING S.A.V.

Location

This delightful business is located in the affluent North East Leicestershire village of Hose only 10 miles from the famous and historical Belvoir Castle. This friendly sought-after village has a popular Primary School, a church and Village Hall, village shop/Post Office and a working forge that still to this day holds an annual shoeing competition. There is also PP in place for the development of a further 45+ houses in the village. Hose sits on the Grantham Canal that attracts many walkers to the area all year round. It is surrounded by other affluent villages with Stathern, Long Clawson and Harby all close by. Local points of interest include the bustling town of Melton Mowbray (8 miles), the thriving market town of Grantham (15 miles) and the historic City of Nottingham is only 17 miles away. The local motorway networks are easily accessible with the M1, A1, A52 and A46 all close by.

THE PROPERTY

This lovely inn sits in the heart of the village and is of fully rendered brick construction sitting under a pitched, pan tiled roof. Entrances to the front and rear provide access to all the trading areas. These consist of: Open Plan Trading area (circa 60+ plus standing) is a spacious and well-presented split-level L-shaped room with a warm and welcoming atmosphere. The room has an assortment of loose low and high poseur tables, assorted chairs and stools, upholstered booth seating and a long scatter cushion covered wooden bench pew all sitting on a laminate and attractive laminate effect altro floor. Wood panelled walls and exposed wooden ceiling beams look down on the highly impressive décor and furnishings and there are open coal fires set in carved stone fireplaces to either end. The room also has 3 wall mounted HDTV’s and a well-stocked wooden return bar server with 6 cask ales on offer.

Multi-use Restaurant/Dining/Meeting Room (circa 30+ covers) is an impressive self-contained room with assorted loose tables and chairs able to be laid out as required and to suit the occasion. The room is of multi-use and can be used for overflow or private dining or small private parties, meetings and functions. The room has a laminate wooden floor sitting beneath an attractive open ceiling with exposed wooden beams, joists and rafters. There is a wall mounted HDTV and to one end French doors open out onto an elevated Al Fresco area providing lovely views of the garden area, the paddock and surrounding countryside.

Ladies and Gents W.C.’s / CCTV.

There is a fully equipped commercial Kitchen area with stainless steel surfaces and appliances (appliances not tested) and a 5* EHO rating.

There is a separate prep/wash up area leading off and a further dry goods and fridge/freezer storage room.

Below ground floor Cellar with remote, python etc.

OWNERS ACCOMMODATION

The spacious and highly desirable owner’s accommodation is situated on the 1st floor and briefly comprises: 4 double bedrooms, a lounge with exposed wooden ceiling beams, an open plan kitchen, bathroom/WC, separate WC and there is a private balcony offering lovely countryside views.

EXTERNAL

To the rear of the property is a delightful block paved, flagstone and decked al fresco patio area (circa 40+) with wooden pergola, garden tables & chairs and rattan furniture all set amidst colourful planters, troughs and baskets. There is a further al fresco garden area to the rear (circa 60+) with wooden picnic benches and loose aluminium tables and chairs and areas of decking, block paving and gravel. This area also has a bouncy castle and delightful surrounding countryside views. The patron’s car park is also to the rear of the property and provides parking for circa 50+ cars. To the bottom of the car park is a spacious enclosed paddock area suitable for marquee events or even camping if desired.

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 10am to 1am

Current opening hours are:

Mon/Tues 5.30pm to 11pm

Weds/Thurs 5pm to 11pm

Fri 5pm to 1am

Saturday 12noon to 1am

Sunday 12noon 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.

GENERAL REMARKS

The business is offered for sale as a lease assignment with approximately 3 years remaining of the ‘Private’ full repairing and insuring, renewable agreement. We are advised that the inn is totally ‘free of tie’ on all products. We are informed that the rent is currently £25,000 per annum to be reviewed in 2020. 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 all mains services (no services seen or tested). Business rates payable are advised as currently being £NIL per annum.

THE BUSINESS

The current owners purchased the business in 2015 and have since built a strong trading reputation providing quality food and an excellent range of cask ales in comfortable surroundings to a loyal, repeat and desirable clientele. The business is currently operated by the owners assisted by 1 full and c4 part time/casual members of staff. Unfortunately, due to personal circumstances our vendor clients are now reluctantly selling the business on. The inn sits at the centre of the local community and plays host to 2 dominoes teams. It also hosts popular tasting nights and acts as the focal meeting point of the village for several clubs and societies. We are advised that turnover to the 31st March 2018 was £325,200 (inclusive of VAT) achieved on a trade split of 75% Wet sales & 25% Food sales. In our opinion this business would suit a chef/owner operator(s) or similar who have experience of working in a similar hospitality and catering environment who could continue to operate the business using the same formula. In order to take the business to the next level they could exploit the opportunity to increase the trading hours, introduce a new quality food offer whilst looking at possible marquee events or similar use of the paddock to the rear.

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

This business 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 by contacting Guy Simmonds on 01332-865112.

Details prepared July 2018

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