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IMPRESSIVE AND HIGHLY DESIRABLE UNOPPOSED FREE OF TIE INN LOCATED IN THE AFFLUENT AND SOUGHT AFTER LEICESTERSHIRE VILLAGE OF HOSE IN THE HEART OF THE VALE OF BELVOIR

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  • An affluent sought-after North-East Leicestershire village nestled in the heart of the stunning Vale of Belvoir sitting close to Melton Mowbray, Belvoir Castle, Loughborough, Grantham and the Nottinghamshire border.
  • Delightful well-presented open plan Trading Area (circa 60+) with exposed wooden ceiling beams, quality furnishings & décor, 2 open coal fires & 6 cask ales on offer.
  • Well-presented self-contained multi-use Restaurant/ Dining/Meeting Room (c30+ covers) with exposed wooden beams and rafters and an Al Fresco Balcony providing rolling countryside views.
  • Spacious Al Fresco Patio Area to the rear (circa 40+) : Further Patio Area (circa 60+) with bouncy castle : Unused Paddock providing opportunity for camping or marquee events : Large Patrons Car Park.
  • Fully equipped Commercial Catering Kitchen.
  • Spacious and highly desirable 4 double Bedroom Owners Accommodation.
  • Advised accounts to March 2020 will show a turnover of circa £400,000 (incl. VAT).
  • Trade split of: 65% Wet sales ; 35% Food sales.
  • A highly desirable, privately owned, totally ‘Free of tie’ renewable lease with attractive rent.
A THRIVING PRIVATELY OWNED AND UNOPPOSED FREE OF TIE INN SET IN A DELIGHTFUL SOUGHT-AFTER VILLAGE PROVIDING MANY UNTAPPED OPPORTUNITIES


ASKING PRICE £69,500 LEASEHOLD TO INCLUDE FIXTURES & FITTINGS, GOODWILL, EXCLUDING S.A.V.

Location

This delightful business is located in the heart of the Vale of Belvoir in the affluent expanding North East Leicestershire village of Hose only 10 miles from the historical Belvoir Castle. Set in attractive agricultural countryside this friendly sought-after village has a popular Primary School, a church and Village Hall, village shop/Post Office, and a working forge that still to this day holds an annual shoeing competition. Hose sits on the Grantham Canal that also attracts many walkers, ramblers and equestrian enthusiasts to the area all year round. It is surrounded by other affluent villages with Stathern, Long Clawson and Harby all close by. Local points of interest include the bustling town of Melton Mowbray, the University town of Loughborough, the thriving market town of Grantham and the historic City of Nottingham all a short drive away. The local motorway networks are easily accessible with the M1, A1, A52 and A46 all close by.

THE PROPERTY

This lovely inn is of fully rendered brick construction sitting under a pitched, pan tiled roof. Entrances to the front and rear provide access to all the trading areas. These consist of:

Open Plan Trading Area (circa 60+ plus standing) is a well-presented split-level L-shaped room with a warm and welcoming atmosphere. The room has an assortment of loose low and high poseur tables, assorted chairs and stools, upholstered booth seating and a long scatter cushion covered wooden bench pew, all sitting on an attractive laminate/laminate effect altro floor. Wood panelled walls and exposed wooden ceiling beams look down on the impressive décor and there are open coal fires set in carved stone fireplaces to either end. The room also has 3 wall mounted HDTV’s and a wooden return bar server with 6 cask ales on offer.

Multi-use Restaurant/Dining/Meeting Room (circa 30+ covers) is an impressive self-contained room with assorted loose tables and chairs able to be laid out to suit the occasion. The room can be used for either overflow/private dining or small private parties, meetings/functions. A laminate wooden floor sits beneath an attractive open ceiling with exposed wooden beams and joists and there is a wall mounted HDTV. To one end are French doors that open out onto an elevated Al Fresco Area providing lovely views of the garden area, the paddock and surrounding countryside.

Ladies and Gents W.C.’s / CCTV.

There is a fully equipped Commercial Kitchen Area with stainless steel surfaces and appliances (appliances not tested) and a 5* EHO rating.

There is a separate prep/wash up area leading off, dry goods and fridge/freezer storage room.

Below ground floor Cellar with remote, python etc.

OWNERS ACCOMMODATION

The spacious owner’s accommodation is situated on the 1st floor and briefly comprises: 4 double bedrooms, lounge with exposed wooden ceiling beams, open plan kitchen, bathroom/WC, and private balcony offering countryside views.

EXTERNAL

To the rear of the property is a delightful block paved, flagstone and decked Al Fresco Area (circa 40+) with wooden pergola, garden tables & chairs/rattan furniture all set amidst colourful planters, troughs and baskets. There is a further Al Fresco Garden to the rear (circa 60+) with wooden picnic benches and loose aluminium tables/chairs, areas of decking, block paving and gravel. This area has a bouncy castle & views of the surrounding countryside. The Patrons Car Park is also to the rear and provides parking for c50+ cars. There is also a large enclosed Paddock Area suitable for marquee events/camping if desired.

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 - Sun 10am to 1am

Current opening hours are:

Mon/Tues 5pm to 11pm

Weds/Thurs 12noon/3pm, 5pm/11pm

Fri 11am/3pm, 5pm/1am

Saturday 12noon to 1am

Sunday 12noon to 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 business is offered for sale as a lease assignment with approximately 1 year remaining of the ‘Private’ full repairing and insuring, renewable agreement. We are advised that the inn is totally ‘free of tie’ on all products. We are informed that the rent is currently £25,000 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). Business rates payable are advised as currently being £4811.80 per annum.

THE BUSINESS

The current owners took over the business in November 2018 and have since built a strong trading reputation offering quality home cooked food and an excellent range of cask ales. The business is currently overseen by our vendor clients assisted by a manager and c5 part time/casual members of staff. Our vendor clients also have another licensed property a short drive away and have unfortunately discovered they are unable to give both businesses the attention they deserve. Due to this issue they are reluctantly selling the business on. Set at the heart of the local community the business plays host to 2 dominoes teams, food theme nights, monthly live entertainment and acts as the focal meeting point of the village for several clubs and societies. It has also attracted exceptional reviews on Trip Advisor. We are advised that accounts to March 2020 will show a turnover of circa £400,000 (inc VAT) achieved on a trade split of 65% Wet sales & 35% Food sales. In our opinion this business would suit a chef/owner operator(s) or similar who have experience of working in a similar hospitality and catering environment & who could continue to operate the business using the same successful formula.

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 February 2020

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