8329L

• Wonderfully positioned on the banks of the River Arrow in the Warwickshire countryside.
• Renowned for Quirky and Vibrant Décor within the Lounge Bar (circa 25), Snug Dining Area (circa 14) and Restaurant (circa 50) with open fireplaces, wood flooring and beamed ceilings.
• Stunning & Expansive Riverside Gardens with Children’s Play Area (circa 200) & Camping.
• Large Car Park & Commercial Catering Kitchen.
• 3 Separate Flats as Accommodation.
• Advised turnover for year ending 05/19 was £719,106 (inc vat) on a trade split of 40% food and 60% wet.
• Star Pubs & Bars Lease Agreement.

Location

This simply stunning Riverside Inn & Restaurant sits on the banks of the River Arrow within the sought after and affluent Warwickshire village of Wixford.

Wixford is a village and civil parish in the Stratford-on-Avon district and is located 1.5 miles south of Alcester.

This historic village has strong links with William Shakespeare.

This quaint and desirable village benefits from a parish church, village hall and a local cricket team.

This busy business sits next to the bridge leading into the village and offers considerable passing trade.

The riverside location is renowned in the area and is hugely popular in the summer months.

THE PROPERTY

This stunning Riverside Inn & Restaurant is of brick construction, under a pitched, tiled roof, occupying a beautiful position on the banks of the River Arrow and in the village of Wixford, Warwickshire.

The Restaurant (circa 50) is a lovely warm and cosy room benefitting from solid wood flooring, a lovely open fireplace and exposed stone walls along with a quirky range of fixtures and fittings.

The Lounge Bar/Dining Room (circa 25) offers carpeted flooring, bar servery area, beamed ceilings and an excellent open fireplace.

The Snug Dining Area (circa 14) is a cosy area offering solid wood flooring, bar servery, beamed ceilings and a feature fireplace.

Ladies and Gents W.C.’s.

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

The Lower Ground Floor Cellar offers a python, cooler system and beer drop.

OWNERS ACCOMMODATION

The owner’s accommodation is divided into 3 Separate 1 Bedroom Apartments that all offer Double Bedroom, Lounge, Kitchen and Bathroom. Two of the apartments are located on the 1st Floor and the other is in a detached building.

EXTERNAL

This property sits in extensive grounds alongside the River Arrow and offers seating for over 200 customers all with riverside views. There is a Children’s Play Area and a Wooden Decked Area along with the Lawned Gardens. The grounds are ideal for large marquee events.

Within the grounds is an opportunity for Motorhomes and Camping along with Fishing Rights with 14 pegs.

A large Car Park with an overflow area offers approx. 80 spaces.

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:

Sun – Thursday 10am – 11pm

Fri – Sat 10am - 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 3 years remaining of the Star Pubs & Bars full repairing and insuring, renewable agreement. We are advised that the inn is free of tie for wines, spirits, soft drinks and all ciders. We are informed that the rent is currently £45,000 per annum to be reviewed in 2022. 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 LPG and all other mains services (no services seen or tested) and is heated by oil central heating. Business rates payable are advised as currently being circa £24,000 per annum.

THE BUSINESS

The current owners purchased the business 24 years ago and are offering the business in excellent condition with a solid trading foundation. Our vendors have enjoyed a lovely lifestyle within this highly desirable location and the business has an excellent reputation in the area.

New owner operators will also be able to exploit the potential for the Camping and Motorhome market along with further marquee events.

Advised turnover for year ending 05/19 is circa £719,106 (inc vat) with a trade split of 40% food and 60% wet.

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

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: Oct 2019