8359L

AN ESTABLISHED TRADITIONAL LOCAL ‘FREE OF TIE’ WET LED INN WITH ‘MUSIC CONNECTIONS’ FOR SALE OFFERING SCOPE TO INTRODUCE FOOD LOCATED WITHIN THE SOUGHT AFTER CITY OF SALISBURY, WILTSHIRE

8359L


  • Prominent residential location surrounded by quality private housing on the outskirts of Salisbury.
  • Traditional Main Bar (circa 40-50) with carpets, bar server and pool table.
  • Function/Music Venue (circa 40) with wood flooring, stage area and projector screen.
  • Lovely Courtyard Patio and Garden Area (circa 60) with Petanque Pitch.
  • Spacious 3 Bedroom Living Accommodation.
  • Spacious Commercial Catering Kitchen.
  • Local CAMRA ‘Pub of the Year’ 3 times.
  • We are advised the turnover for y/e 05/19 is £279,241 (inc vat) on a 100% wet trade basis with scope to introduce food.
  • 7 yrs remaining on a Renewable ‘Free of Tie’ Lease.
THRIVING WET LED ‘FREE OF TIE’ BUSINESS WITH CONSISTENT TURNOVER AND POTENTIAL TO INTRODUCE CATERING OPTIONS.


OFFERS OVER £39,950 LEASEHOLD TO INCLUDE FIXTURES & FITTINGS, GOODWILL, EXCLUDING S.A.V.

Location

This quaint Grade II Listed Inn is positioned on Rampant Rd, Salisbury, Wiltshire.

Salisbury is the only cathedral city in Wiltshire and is the second largest settlement in the county. The city is located in the south east of Wiltshire, near the Salisbury Plain and benefits from a population of approx. 40,000 according to the recent census.

It sits at the confluence of five rivers, the Nadder, Ebble, Wylye and Bourne are tributary to the River Avon, which flows to the south coast.

Salisbury Railway Station serves the city and is the crossing point between the West of England Main Line and the Wessex Main Line, making it a regional interchange. Salisbury offers four shopping centres and holds a market twice a week along with having numerous schools and a racecourse.

Stonehenge, which is a UNESCO World Heritage Site is about 8 miles from the city.

THE PROPERTY

This traditional and well presented Inn is of brick construction, under a pitched, tiled roof, occupying a prominent position on Rampant Road, Salisbury.

The Main Bar (circa 40-50) is a traditional and welcoming room with carpeted flooring, large bar servery area, wood panelling and a pool table.

The Music Function Venue (circa 40) is a well-known music/event venue and offers excellent sound and lighting equipment with, wood flooring, stage area and projector screen.

The business is regularly featured in the CAMRA Guide and is renowned for its wide range of real ales.

Ladies & Gents W.C’s.

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

The Ground Floor Cellar benefits from coolers, python system and storage along with a lockable bottle store.

OWNERS ACCOMMODATION

The owner’s accommodation is situated on the 1st floor and briefly comprises: Three Double Bedrooms, Lounge with fireplace, Fitted Kitchen-Diner, Bathroom & W.C.

EXTERNAL

To the rear of the business is a Courtyard Patio Area with Smoking Shelter and offers seating for approx. 30 alongside the Petanque Pitch that has two teams during the summer months. There is a lovely Lawned Garden (circa 30) that is enclosed.

To the side of the property is a Car Park for 15 cars and a Double 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 – Wed 8am – 12.30am

Thurs – Sat 8am – 2.30am

Current opening hours are:

Mon – Thursday 4pm – Midnight

Friday 2pm – 2am

Saturday Midday – 2am

Sunday Midday – 10.30pm

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 being offered for sale as a ‘Free of Tie’ lease assignment with approximately 7 years remaining of the full repairing, insuring and renewable agreement. We are advised that the business is free of tie for all products. We are informed that the rent is currently £29,000 with a rent review due 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 & Tenancy Act 1954.

The property offers all mains services along with being heated with electric heating (no services tested). Business rates payable are advised as currently being free of charge.

THE BUSINESS

Our vendor client purchased the business in 2016 and has continued its theme as a successful music venue along with being a popular local pub in the area renowned for its ‘real ales’. Our vendor has expanded the functions now offering comedy nights, theatre and big screen events.

New owner operators will benefit from an established business that offers further scope with longer opening hours and the introduction of catering.

We are advised turnover for year ending 05/19 is £279,241 on a 100% wet trade basis.

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

Details prepared: Feb 2020.

ADDITIONAL IMAGES

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