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SUPERBLY POSITIONED AND THRIVING SEAFRONT INN & RESTAURANT WITH LETTING BEDROOMS BEING OFFERED ON A NEW ‘FREE OF TIE’ LEASE LOCATED IN THE SEASIDE HARBOUR VILLAGE OF ABERDOVEY, IN THE SNOWDONIA NATIONAL PARK

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  • Enviable location overlooking the waterfront of Aberdovey and in the heart of this seaside village.
  • 1st Floor Restaurant (circa 44) with lovely sea views and doors to an outside terrace.
  • Front Bar (circa 16) & Snug Bar (circa 20) both offering tiled floors, bar servery, log burning fireplace and beamed ceilings.
  • 3 Superb En-Suite Letting Bedrooms (2 with seaviews).
  • Commercial Catering Kitchen.
  • Ground Floor & 1st Floor External Terrace (30).
  • 2 Bed Townhouse available to rent separately.
  • We are advised turnover for y/e 03/19 is £629,142 (inc VAT) with a trade split of 35% food, 55% wet & 10% letting.
  • New 10 Year ‘Free of Tie’ Lease agreement.
DELIGHTFUL SEAFRONT INN WITH LETTING BEDROOMS


ASKING PRICE £75,000 LEASEHOLD TO INCLUDE FIXTURES & FITTINGS, GOODWILL, EXCLUDING S.A.V.

Location

This delightful Seafront Inn & Restaurant with Letting Bedrooms is located within the desirable seaside village of Aberdovey, Gwynedd.

Aberdovey is a seaside village on the beautiful west coast of Wales. The village was founded around the harbour and shipbuilding industry but is now best known as a very popular seaside resort with a high quality beach.

Aberdovey boasts some of the finest beaches in Britain with four miles of golden sand-dune backed shoreline. The Championship Golf Course lies to the back of the dunes and the estuary attracts a wide range of water sport’s enthusiasts.

THE PROPERTY

This delightful Seafront Inn & Restaurant with Letting Bedrooms is built of local stone and sits under a tiled roof occupying an enviable location overlooking the Bay.

The Lounge Bar (circa 16) is located to the front of the building and offers seaviews along with tiled flooring, bar servery, open fireplace and beamed ceilings.

The Restaurant (circa 44) is situated on the 1st Floor and overlooks the waterfront, this area benefits from carpeted flooring, bar servery, wood panelling and doors to the upstairs terrace area.

The Snug Bar (circa 20) is a cosy room offering tiled flooring, log burning fireplace, beams and a bar servery.

Ladies and Gents W.C.’s.

There is a well equipped Commercial Catering Kitchen with stainless steel appliances and work surfaces (appliances not tested) along with a separate wash up area.

There is a Ground Floor Cellar with python and cooler systems.

OWNERS ACCOMMODATION

There is currently no owners accommodation in the property unless you convert the letting bedrooms back to a lovely apartment. The owners are willing to offer a 2 Bedroom Townhouse for rent on separate negotiation, the house is just across the road from the business.

LETTING ACCOMMODATION

Located on the Second Floor are 3 Lucrative Letting Bedrooms that are all presented to a high standard. There are 2 Double En-Suite Rooms (one with a seaview) and a larger En-Suite Double/Family Room with a seaview.

EXTERNAL

On the 1st Floor is an External Terrace Area with seating for 16 customers overlooking the seafront and on the ground floor there is further terrace seating for 15 customers.

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 11am – 11pm

Fri – Sat 11am - Midnight

Current opening hours are:

Sun – Thursday Midday – 11pm

Friday – Sat 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 new highly favourable 10 year Private FRI Lease Agreement as follows:

1. The asking premium will be £75,000.

2. The initial rent will be £50,000.

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.

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 and is heated by gas central heating (no services seen or tested). Business rates are advised as currently being £18,000 payable.

THE BUSINESS

The current owners purchased the property 20 years ago and have enjoyed a wonderful ‘quality of life’ in this lovely area of the country. This business is thriving and new owners will have the benefit of a profitable business with consistent turnover along with further scope to increase trade. The business has a most enviable location!

We are advised turnover for y/e 03/19 is £629,142 (inc VAT) with a trade split of 35% wet, 55% dry & 10% 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: Sept 2019

ADDITIONAL IMAGES

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