8323F

BEAUTIFUL FREEHOLD RIVERSIDE INN WITH LETTING BEDROOMS & DETACHED B&B LODGE, OWNERS COTTAGE AND STABLES WITH PADDOCKS SITUATED WITHIN AN AFFLUENT SOMERSET VILLAGE

8323F


  • Idyllic Riverside location surrounded by open countryside and lovely views.
  • Characterful and Cosy Trading Areas including Lounge Bar (circa 50), Dining Room (circa 24) & Snug Bar (circa 20) along with a Skittle Alley.
  • 5 Lovely En-Suite Letting Bedrooms.
  • Stunning detached ECO 3 Bedroom B&B Wooden Lodge with self-contained facilities.
  • Excellent 3 Bed Owners Cottage.
  • 2 Bedroom Holiday Lodge (tbc).
  • Riverside Gardens with Play Area (circa 80) and Large Car Park for 30 cars.
  • 2 Stables & Paddocks.
  • Advised turnover for y/e 12/18 is £538,506 (inc VAT) with a trade split of 32% dry, 50% wet and 18% letting with very high recon net profits.
  • For Further details please contact Marc Blackford on 07812 753014.
A SIMPLY STUNNING AND HIGHLY PROFITABLE BUSINESS…..MUST BE SEEN!


ASKING PRICE £1,295,000 FREEHOLD TO INCLUDE FIXTURES & FITTINGS, GOODWILL, EXCLUDING S.A.V.

Location

This thriving and highly profitable Riverside Inn with Letting Bedrooms, B&B Eco Lodges & Owners Cottage is beautifully positioned within this affluent and sought after Somerset village surrounded by open countryside and stunning views.

This area of Somerset is extremely touristy and many of the popular attractions are a short drive away along with the M5 motorway.

THE PROPERTY

The property is built of local stone construction under various pitched tiled roofs and benefits from a Riverside location within a lovely village in Somerset.

The Lounge Bar/Dining Area (circa 50) is a room full of character with exposed stone walls, flagstone floors, log burning fireplace and quaint bar servery area.

The Dining Room (circa 24) is the cosy area offering carpeted floors, feature fireplace and beamed ceilings.

The Snug Bar Area (circa 20) is another intimate room benefitting from wood flooring, beams, wood panelling and bar servery.

The Skittle Alley/Function Room (circa 50) is housed in a separate building and offers direct access onto the garden area.

Ladies & Gents W.C’s.

There is a large Commercial Catering Kitchen with stainless steel appliances (not tested) and work surfaces.

The Ground Floor Cellar has a python system and coolers.

OWNERS ACCOMMODATION

The owner’s cottage is located on the other side of the river to the main building and benefits from Two Double En-Suite Bedrooms, Double Bedroom, Lounge-Diner, Fully Fitted Kitchen, Lovely Private gardens and Patio along with Private Parking.

LETTING ACCOMMODATION

MAIN BUILDING

Within the main building are 5 En-Suite Letting Bedrooms (2 Large Doubles, 2 Standard Doubles and a Single) all offered in excellent condition.

DETACHED ECO B&B WOODEN LODGE

Within the lovely grounds is a newly created and stunning Eco-Friendly Wooden Lodge offering 3 Double En-Suite Letting Bedrooms, Beautiful Kitchen-Diner, Large Lounge, Dining Room and Private Patio Area and Gardens.

There is a 2nd Lodge offering 2 En-Suite Bedrooms – construction well underway and anticipated additional profits of £20k per annum when completed.

EXTERNAL

The property benefits from a Lovely Riverside Beer Garden that offers a Children’s Play Area and Boules Pitch. The gardens are made up of a spacious lawned area along with a wooden decked seating area (circa 80) all sitting next to the river.

Large Car Park (circa 30 cars).

STABLES AND PADDOCK

The property offers 2 stables and paddock areas.

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 – Midnight

Fri – Sat 10am – 1am

Current opening hours are:

7 days per week Midday – 11pm

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). The property offers LPG and all other mains services along with being heated with oil central heating (no services tested). Business rates payable are advised as being circa £7,560 per annum.

THE BUSINESS

The current owners purchased the business 18 years ago as a family concern and are offering the property to market in excellent condition throughout. The property has recently benefited from planning consent for a Large Wooden Eco Lodge which is fully completed and operating along with a Traditional 2 Bed Holiday Cottage which will need to be completed but the build is well underway.

The business is thriving and is highly profitable albeit offers considerable potential for new operators to complete the 2nd lodge and reap the benefits of both buildings.

We are advised that accounts declare takings of circa £538,506 (incl. VAT) in the year to end 12/18 on a split of 32% dry, 50% wet and 18% letting with very healthy recon net profits.

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

The property 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 via Guy Simmonds on 01332 865112.

Details Prepared: October 2019