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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

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  • 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.
BEAUTIFULLY PRESENTED FREEHOLD INN CLOSE TO THE PEMBROKESHIRE COAST


ASKING PRICE £385,000 FREEHOLD or £35,000 LEASEHOLD TO INCLUDE FIXTURES & FITTINGS, GOODWILL, EXCLUDING S.A.V.

Location

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.

THE PROPERTY

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.

LETTING ACCOMMODATION

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.

DETACHED HOUSE FOR LETTING OR OWNERS ACCOMMODATION

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.

EXTERNAL

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.

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:

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.

GENERAL REMARKS

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 BUSINESS

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 and can be contacted on 07812 753014.

Viewing appointments must be made by contacting Guy Simmonds on 01332-865112.

Details Prepared: July 2019

ADDITIONAL IMAGES

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