8330L

TRADITIONAL AND DECEIVINGLY SPACIOUS 17TH CENTURY WET LED INN WITH DETACHED FUNCTION ROOM, LARGE CAR PARK AND GARDENS LOCATED WITHIN THE SHROPSHIRE MARKET TOWN OF WELLINGTON

8330L


  • Main road location surrounded by housing and businesses within Wellington, Shropshire.
  • Three nicely presented trading areas including a Lounge Bar (circa 35), Restaurant (circa 35) & Snug Bar (circa 20) with bar serveries, fireplaces and traditional furnishings.
  • Detached & self-contained Function Room (circa 100) with bar servery, w.c’s, dance floor & kitchen.
  • Spacious 6 Bedroom Living Accommodation.
  • Lawned Beer Garden (circa 50), Smoking Shelter and Large Car Park (circa 68 spaces).
  • Advised turnover for y/e 12/18 circa £349,376 (incl. vat) on a trade split of 85% wet and 15% food.
  • 12 years remaining of an EI Group partially tied lease.
A TRADITIONAL WET LED BUSINESS OFFERING SCOPE TO INCREASE THE FOOD AND FUNCTION TRADE


ASKING PRICE £29,950 LEASEHOLD TO INCLUDE FIXTURES & FITTINGS, GOODWILL, EXCLUDING S.A.V.

Location

This traditional wet led Inn with Function Facilities is prominently located on Holyhead Road, within Wellington.

Wellington is a market town within the county of Shropshire and now forms part of the new town of Telford, with which it has gradually become contiguous.

Wellington’s population in 2011 was recorded as 25,544 making it one of the largest towns in Shropshire.

The transport links within the town are excellent with the M54 motorway only a short drive away and the town being served by its own Railway Station.

THE PROPERTY

This 17th Century Inn is of brick construction, with partial rendering, under a pitched, tiled roof, occupying a prominent position on Holyhead Road, Wellington.

The Snug Bar (circa 20) is a cosy room offering carpeted flooring and a bar servery area.

The Lounge Bar (circa 35) benefits from carpeted flooring, bar servery, beamed ceilings and a lovely log burning fireplace.

The Restaurant (circa 35) has a nice feel and offers carpeted flooring, feature fireplace, beamed ceilings and wood panelling.

The Detached Function Room (circa 100) is an excellent self-contained building that is under-used at present and offers potential for many uses. It has a bar servery area, catering kitchen, stage area, w.c’s and separate entrance. An Auction House currently use the room on occasions.

Ladies and Gents W.C.’s.

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

The Lower Ground Floor Cellar benefits from a cellar cooling and python system.

OWNERS ACCOMMODATION

The owner’s accommodation is situated on the 1st floor and briefly comprises: 6 Double Bedrooms, Lounge, Fully Fitted Kitchen, Bathroom, W.C and Private Garden.

EXTERNAL

To the rear of the property are extensive and Mature Beer Gardens offering seating for 40 customers.To the side of the property is a Smoking Shelter.To the side of the property is a Large Car Park for 68 cars. The property also has a garage.

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

Fri – 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 lease assignment with approximately 12 years remaining of the EI Group full repairing and insuring, renewable agreement. We are advised that the inn is free of tie for wines, spirits and soft drinks. We are informed that the rent is currently £30,000 per annum to be reviewed in 2021. 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 (no services seen or tested) and is heated by gas central heating. Business rates payable are advised as currently being circa £14,000 per annum.

THE BUSINESS

The current owners purchased the business 16 years ago and have established a solid trading foundation with a loyal and desirable clientele. The business and property is presented to a good standard and offers considerable potential with further catering options along with exploiting the excellent function facility.

The business also offers very extensive living accommodation.

We are advised turnover for year ending 12/18 was circa £349,376 (incl. vat) on a trade split of 85% wet and 15% food.

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

Viewing appointments must be made by contacting Guy Simmonds at sales@guysimmonds.co.uk.

Details Prepared: Oct 2019

ADDITIONAL IMAGES

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