8302L

HIGHLY DESIRABLE INN WITH 50+ COVER RESTAURANT AND 6 EN-SUITE LETTING ROOMS BEING OFFERED EITHER FREEHOLD OR ‘FREE OF TIE’ LEASE LOCATED IN THE POPULAR LINCOLNSHIRE VILLAGE OF BLYTON

8302L


  • Sitting on the main A159 road running through the Lincolnshire village of Blyton only 4 miles from Gainsborough, close to Blyton Park Raceway and surrounded by popular fishing ponds, golf courses, holiday lodges & Blyton Ice Cream.
  • Pool Room (c28+ plus standing) with exposed wooden ceiling beams, exposed brickwork and games facilities.
  • Snug/Old Lounge (c15+) with exposed wooden ceiling beams, exposed brick fireplace and multi fuel burner.
  • Old Tap Room (c15+ plus standing) with exposed wooden beams, exposed brickwork and quarry tiled floor : Central bar server with 5 cask ales on offer.
  • Restaurant (c50+ covers) with exposed wooden ceiling beams, exposed brickwork and attractive décor.
  • 6 delightful en-suite letting rooms.
  • Lawned Al Fresco garden area (c40+) ; Patio area (c12+) ; Smoking solution; Patrons car park.
  • 4 Bedroom Owner’s accommodation with private access.
  • We are advised accounts to 30th September 2018 show a turnover of £615,167 (incl.VAT) with excellent reconstituted net profits and a trade split of: 45% Wet sales ; 44% Food sales; 11% Accommodation.
A VERY RARE OPPORTUNITY TO ACQUIRE A CHARACTERFUL FREEHOLD INN WITH AN ESTABLISHED BUSINESS AVAILABLE FOR ONLY THE 2nd TIME IN c40 YEARS.


ASKING PRICE £595,000 FREEHOLD OR £89,950 ‘FREE OF TIE’ LEASE TO INCLUDE FIXTURES & FITTINGS, GOODWILL, EXCLUDING S.A.V.

Location

This characterful 18th century freehold inn sits directly on the A159 that runs through the centre of the sizeable Northeast Lincolnshire village of Blyton that is still in growth with further housing currently being built on the edge. Blyton is a lovely village that sits close to the River Trent and is surrounded by popular fishing ponds (Blyton ponds) with lodges and static caravans and golf courses. Only 4 miles from the bustling town of Gainsborough the village itself has a couple of inns, a village store, local business and amenity units and Blyton Ice Cream Parlour which is expanding with holiday lodges. Grace Park Caravan & Camping Site is also currently expanding and Blyton Park Circuit owned by Ginetta Cars are both open all year round. A good base for Lincolnshire Showground (20 mins), Newark Show Ground (40 mins) and historical Lincoln (25 mins) with Doncaster, Scunthorpe and the beautiful Lincolnshire Wolds being a short drive away. The local road networks are very good and the M180, M18, A15 complimented by a series of other ‘A’ roads are all close by.

THE PROPERTY

This delightful village inn is bursting with character and rustic charms. The property is of rendered brick construction and sits under a pitched pan tiled roof. Entrances to the front and side (with disabled facilities) provide access to all the trading areas. These consist of:

Pool Room (c28+ plus standing) has loose tables and stools complimented by perimeter bench pews. Exposed wooden ceiling beams look down on a central pool table, 2 darts throws, a wall mounted HDTV and areas of exposed brickwork.

Snug/Old Lounge (c15+) has loose tables, stools and upholstered perimeter bench seating sat beneath exposed wooden beams. There is a discreet wall mounted HDTV, an SWP and to one side of the room is an attractive exposed brick-built fireplace with built in multi-fuel burner.

Old Tap Room (c15+ plus standing) has loose tables and stools complimented by upholstered perimeter bench seating. The room has a quarry tiled floor and exposed wooden ceiling beams are complimented by an exposed brick-built fireplace with built in double sided multi fuel burner.

Restaurant/Old Dining Room (c50 covers) is split over 2 adjacent rooms both with individual character and a warm and relaxed atmosphere. Loose tables, chairs and upholstered perimeter bench seating sit beneath exposed wooden beams that add to the character and charm. The room has attractive décor throughout, areas of exposed brick and a double sided multi fuel burner.

There is a well-presented central bar server of wood construction with a coffee prep station, 5 cask ales on offer and an attractive chequered quarry tiled perimeter.

Ladies, Gents and disabled WC’s. / CCTV throughout.

There is a fully equipped commercial Catering Kitchen with stainless steel appliances and surfaces (equipment not tested), wash up and prep area. Separate fridge/freezer storage areas are close by. Ground floor Beer Cellar with python system, remote and pumps etc/further storage space.

OWNERS ACCOMMODATION

The spacious owner’s accommodation has private access and is situated on the 1st floor. This briefly consists of: 3 Double bedrooms (1 being en-suite), 1 single bedroom, a lounge, kitchen, bathroom and office.

LETTING ACCOMMODATION

Situated in a purpose brick-built stand alone building to the side of the property are 6 delightful en-suite letting rooms (4 doubles / 2 x twin – one with disabled facilities and wet room). Most of the rooms also have a bed/settee in order to accommodate the larger family. All rooms have tea/coffee making facilities, HDTV and Wi-Fi.

EXTERNAL

To the rear of the property is a lovely dog friendly al fresco area (c40+) with wooden picnic benches, a doggy drinking barrel and colourful planters set around an attractive water feature. Also to the rear is the patrons lined car park with spaces for c24+ cars. To the side of the property is a heated and lit smoking solution whilst to the other side is a small paved al fresco patio area with bistro tables and chairs (c12+) – an all-day sun trap. To the front of the property is further bench seating complimented by colourful and eye-catching pots and planters.

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 - Weds 9am to 12.30am

Thurs – Sat 9am to 2am

Current opening hours are:

Sun – Thurs 11.45am to 10.30pm

Fri/Sat 11.45am to 11.30pm

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 property and business is being offered for sale 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 £89,950.

2. The initial annual rent will be £50,000.

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

4. Rent payable monthly or quarterly in advance.

5. Lease re-assignable after initial 2-year period.

6. Free of all brewery and supply ties.

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

8. 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 property uses LPG for cooking and has an oil-fired central heating system (no services tested). Business rates payable are advised as being £258 per annum.

THE BUSINESS

The current owners purchased the freehold business in 2004 and totally refurbished and extended the property throughout. Since completion in 2007 they been offering quality drinks and ales, locally sourced home cooked food and comfortable accommodation all served to a loyal repeat and desirable clientele. The business is currently operated by the owner’s assisted by 2 full time and circa 10 part time/casual staff. After many years in the licensed trade our vendor clients are looking to retire in order to take life at a more leisurely pace. The business sits at the centre of the local community and sponsors its own football team. It also shows all major sporting events on Sky & BT Sports. A regular entry in the Good Beer Guide and with daily food offers available has contributed to an exceptional score and many outstanding reviews on Trip Advisor. We are advised that accounts to 30th September 2018 show a turnover of c£615,167 (inc VAT) achieved on a trade split of 45% Wet sales ; 44% Food sales and 11% accommodation. We calculate reconstituted net profits after adding back personal costs, one off’s and depreciation to be in excess of £94,000. New owners could continue to operate the business using the same successful formula or they may wish to take the business to the next level by extending the opening hours, the introduction of a quiz or light entertainment or the introduction of breakfast/accommodation packages for the nearby fishermen, golfers or visitors to the raceway.

Further info see: www.blackhorseblyton.co.uk

This business would suit an enthusiastic owner/operator couple who have previous experience of working in a similar hospitality environment.

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 August 2019

ADDITIONAL IMAGES

8302L

8302L

8302L

8302L

8302L

8302L

8302L

8302L

8302L

8302L

8302L

8302L

8302L