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HIGHLY DESIRABLE ‘FREE OF TIE’ TRADITIONAL INN AND RESTAURANT DATING BACK TO THE 1400’S IN AN ENVIABLE LOCATION IN THE SUFFOLK VILLAGE OF STRATFORD ST. MARY

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  • Popular traditional inn in a sought after location close to Ipswich and Colchester.
  • Most impressive open plan Bar (circa 30) full of ‘olde worlde’ charm and character.
  • Separate Restaurant (circa 32).
  • Fully equipped commercial kitchen.
  • Spacious 4 bedroom owners’ accommodation.
  • Enclosed family garden.
  • Large patrons’ car park.
  • Advised turnover circa £224,956 (inc. VAT) year ending September 2019.
  • Trade split circa 70% wet, 30% food.
  • 19 years remaining on a ‘free of tie’ renewable lease.
A RARE OPPORTUNITY TO ACQUIRE THIS WELL ESTABLISHED AND RECENTLY REFURBISHED BUSINESS OFFERING FURTHER GROWTH POTENTIAL AND AN ENVIABLE LIFESTYLE


ASKING PRICE £79,500 LEASEHOLD TO INCLUDE FIXTURES & FITTINGS, GOODWILL, EXCLUDING S.A.V.

Location

This well-appointed and eye catching inn can be found in a superb location just off the A12 in the rural village of Stratford St. Mary on the Suffolk and Essex border. This establishment which is believed to date back to the 1400’s and probably a former coaching inn, was a major stop off point for travellers going to London. Stratford St. Mary is a typical Suffolk village and has a population in excess of 750 inhabitants and offers local amenities such as primary school, post office and local shop etc. Stratford St. Mary is also in the heart of ‘constable country’ and many of his famous paintings were painted in and around the village. The bustling and vibrant towns of Colchester and Ipswich, with their many shops, cafes, restaurants and leisure facilities etc are both in close proximity, Colchester being approximately 8 miles away and Ipswich approximately 16 miles away.

THE PROPERTY

Is a very attractive two storey building of brick construction under a pitched tiled roof occupying an enviable main road position and was refurbished to a very high standard 2019.

The Bar (circa 30) is most inviting and highly impressive with a wealth of character including exposed beams and brickwork, 2 feature fireplaces, one with open fire, fully carpeted throughout and furnished with light oak tables and matching wicker chairs and there is a fully equipped wooden bar servery.

The Restaurant (circa 32) separate to the bar is also fully carpeted with exposed beams and brickwork, brick built bar servery with solid wooden counter top and is furnished with light oak tables and matching tables and chairs.

Games Room this is a large room located between the kitchen and the bar formerly a pool room but is now used for storage.

Ladies & Gents W.C.

Cellar at ground floor level.

Catering Facilities there is a fully equipped commercial kitchen with stainless steel surfaces, 6 ring cooker, extractor system, griddle, hotplate and fryers etc. (equipment not tested). Washing up and prep areas.

OWNERS ACCOMMODATION

Located on the first floor is very spacious and comprises of four double bedrooms, lounge, domestic kitchen, bathroom and office. It should be noted that two of the bedrooms have had works started to install en-suite facilities and it may be possible to convert into letting accommodation.

EXTERNAL

There is an enclosed family garden laid to grass with plants, shrubs and picnic benches and incorporating a private yard area and 3 brick out-buildings. To the front of the premises there is an attractive patio area with picnic benches and parasols and patrons car park for approximately 20-25 cars. It should be noted that when the building works are complete to the rear of the property the car park will be re-surfaced by the building company (Ponder Construction).

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- Wed 10am to 11pm

Thu-Sat 10am to midnight

Sunday Noon to 11.30pm

Current opening hours are: Mon Closed

Tue - Wed Noon to 10pm

Thur Noon to 11pm

Fri Noon to midnight

Sat Noon to 11pm

Sunday Noon to 6.00pm

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 19 years remaining of the Punch Taverns full repairing and insuring, renewable agreement. We are advised that the inn is free of tie. We are informed that the rent is currently £40,000 per annum to be reviewed September 2024 tbc. 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 oil for heating and electric for cooking however we are advised that there is a main gas line into the building but not connected (no services seen or tested). Business rates payable are advised as currently being circa £2,500 per annum.

THE BUSINESS

Our vendor clients took over the business in January 2018 and since then have built up a good regular and loyal local trade from the village and surrounding area and are recognised as a good quality food destination venue. Due to the excellent location being on a major route just off the A12 this establishment also enjoys a level of passing trade. There has been a major refurbishment to a high standard throughout which was completed Summer 2019. This business also holds awards of excellence from Cask Mark and Bragg for real ale. Due to health reasons our vendor clients wish to sell the business. We are advised that accounts declare takings of circa £224,956 (inc. VAT) for year ending September 2019. The business is currently being run by a full-time manager, full-time chef and two part-time staff. There is massive growth potential for new owner operators to build on this already established business by expanding the hospitality offered to include more use of the outside facilities for festivals and family days etc, introducing entertainments such as live music, quiz and theme nights etc. and to convert the first floor to incorporate some letting accommodation.

This business was viewed by Geoff Bryan who would be delighted to discuss further details and can be contacted on 07887 571720

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

Details prepared October 2019

ADDITIONAL IMAGES

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