8357F

• A prominent 3 storey 18th Century property set on the very edge of Gainsborough town centre surrounded by shops, offices and other businesses.
• Ground floor Bar Area (c30+ plus standing) with exposed brickwork, quarry tiled floor and 9 cask ale hand pulls.
• First floor Lounge/Bar Area (c65+ plus standing) is split level with exposed brickwork and the old malting crane sits as an overlooking feature.
• Recognised by CAMRA for 25 consecutive years in the Good Beer Guide ; CAMRA award winner.
• Large pay and display Car Park to the front.
• 1 Bedroom comfortable Owner’s Accommodation.
• Advised annual turnover of circa £140,000 (incl.VAT) achieved on 100% Wet sales.
• Genuine reason for sale – serious ill health.

Location

This delightful property is located on the edge of the bustling Lincolnshire town of Gainsborough amongst, shops, offices and other businesses. Gainsborough itself has a population of over 22,000 people sitting within easy reach of the famous historic Cathedral City of Lincoln (20 miles), the popular South Yorkshire town of Doncaster (21 miles) and the North Nottinghamshire town of Worksop (21 miles). The town sits proudly on the River Trent and has a thriving town centre where Marshall’s Yard and most major shops and stores can be found attracting shoppers from surrounding areas and further afield. This market town and river port still retains some of its 18th Century buildings, but its jewel is Gainsborough Old Hall where kings have previously dined. Tourists can discover this awesome past and take in the wonderful view of the Trent Valley, almost to the Humber, from the top of the tower in the Old Hall. The local motorway network is very good and the property sits within easy reach of the M18, M180, A1 and A15.

THE PROPERTY

This prominent Grade II listed inn is of brick construction and sits beneath a pitched, tiled roof. A small entrance porch to the front provides access to the trading areas. These consist of:

Bar Area (c30+ plus standing) is located on the ground floor and is an L-shaped cosy area with a warm and welcoming atmosphere. Loose tables and stools are complimented by upholstered perimeter bench seating all sat on an attractive quarry tiled floor. Exposed brick walls and quirky eye-catching bric-a-brac themed on the former maltings, the surrounding historic area of Lincolnshire and brewery products provide plenty to sit and look at. There is also a brick-built return bar server with 9 (nine) cask ale hand pulls. Stairs lead to:

Lounge/Bar (c65+ plus standing) is a split-level area located on the first floor that is full of character and charm. Loose tables, chairs, stools and pews are complimented by upholstered perimeter bench seating. The split levels have carpeted and oak flooring respectively and are separated by the old malting crane that acts as a feature to divide the areas. Exposed brickwork, entertainment artist posters, pump clips and books also add to the character.

Above ground floor Beer Cellar with 23 cask stillage, python system, remote and storage areas.

Ladies and Gents WC’s.

OWNERS ACCOMMODATION

The owner’s accommodation is situated on the second floor and has areas of exposed brickwork and exposed wooden beams and joists complimented by delightful views of surrounding Lincolnshire. The accommodation consists of 1 bedroom, a sitting room, shower room and kitchen/utility area.

EXTERNAL

To the front of the property is a spacious lined council owned pay and display Car Park with spaces for in excess of 50+ cars. The car park offers free evening parking however is a popular and well used facility for shoppers attracting plenty of footfall into the town.

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 - Sunday 11am to 1am

Current opening hours are

Mon – Saturday 11am to midnight

Sunday 12noon to 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 property and business are being offered for sale freehold (although we have not had sight of the title deeds). We are advised that all available mains services are connected (no services tested). Business rates payable are advised as being circa £NIL per annum.

THE BUSINESS

The current owner purchased the freehold property in 2002 and over the years created a desirable and thriving business offering CAMRA recognised ales and regular live entertainment to a loyal, repeat and desirable clientele. Unfortunately, due to serious ill health our vendor client is now reluctantly looking to sell the freehold on in order to be able to take life at a more leisurely pace. The business is currently operated by the owner who simply oversees the business assisted by circa 5 part time/casual staff. Sitting at the heart of the local community and immediately adjacent to the town centre the business offers a weekly quiz night and has been listed in the Good Beer Guide for the past 25 consecutive years whilst also winning other CAMRA recognised awards. The business previously offered regular live entertainment that proved to be extremely popular and our vendor client performed there on a regular basis and proved to be a big attraction. We are advised that current annual turnover shows takings of c£140,000 (inc VAT) achieved on 100% Wet sales however we are advised that prior to illness of the owner, the business has performed to a level in excess of £250,000 (inc VAT). New owners could continue to operate the business using the same formula or may wish to take the business to the next level and beyond. In our opinion this could be achieved by the introduction of using the later licensed hours and the re-introduction of a regular live entertainment offering. There is also the opportunity to introduce a beer festival, pool table and the creation of teams etc.

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: January 2020