8399L

• Delightful leafy Nottinghamshire conservation village situated between Nottingham and Chesterfield, with easy access to the M1.
• Characterful trading areas with chequered quarry tiled floor, exposed brickwork, and wooden beams.
• Bar (c40+ plus standing) with an exposed brick open fireplace, darts throw and entertainment area.
• Lounge (c16+ plus standing) with exposed brick open fireplace and piano.
• Snug (c6) with historic and sport related bric-a-brac.
• Hard standing Al fresco area (c60+) currently with heated gazebo and colourful floral displays; Spacious grassed garden area with children’s play equipment; Smoking solution; Patrons’ lined car park.
• 2/3-bedroom owners’ accommodation.
• Advised turnover circa £322,261 (incl. VAT) for 10 months only year ending May 2020 – Current advised trade since re-opening 12th April 2021 (post pandemic) is circa £8,000 per week (inc VAT).
• Trade 100% Wet sales.
• Rolling renewable 3-year Trust Inns lease with attractive retrospective discounts.

Location

This desirable inn is located on the main road running through the lovely Nottinghamshire conservation village of Bagthorpe, sitting only a stone’s throw from the M1 and East Midlands airport close to the Derbyshire border. The village has a sought-after primary school, and a church with local shops only 1 mile away in Selston and Jacksdale. Nearby points of interest include the immensely popular McArthur Glen retail park, the famous Crich Tramway village, Newstead Abbey (the ancestral home of Lord Byron), and many activity/play themed attractions. It is also highly popular with the many ramblers who visit the local area often using the pub car park as a start and end point of their walks. The local road networks are excellent and include the nearby M1, A38, and A610, providing easy access to Nottingham, Derby, Chesterfield and Sheffield.

THE PROPERTY

This traditional Grade II listed 2 storey inn is of brick construction and sits under a pitched, tiled roof. A small attractive entrance porch to the front of the property provides access to all the trading areas. These are immaculately presented and are bursting with character and rustic charm, with exposed brickwork, exposed wooden beams, and a chequered quarry tiled floor throughout. The trading areas consist of:

Bar (circa 40+ plus standing) is a delightful multi-use room with a warm and welcoming atmosphere. The room has loose tables, stools and wooden perimeter benches overlooked by an array of water jugs and historic photographs to the walls. The room also has an exposed brick built open fireplace, HDTV and a darts throw and is also used for regular live entertainment (when permitted).

Lounge (circa 16+ plus standing) is a charming room with loose tables, chairs and stools, complimented by a further exposed brick-built fireplace and below dado wooden cladding. Water jugs and brewery memorabilia add to the ambience whilst there is a piano sat patiently in the corner waiting to be played.

Snug area (c6) is tucked away nicely to the side of the bar server and has a central table and upholstered perimeter bench seating surrounded by attractive sporting and historic bric-a-brac and photos.

There is a central bar server of wood construction with 3 highly popular cask ales on offer that services all the trading areas.

External CCTV.

Ladies and Gents W.C.’s.

There is a Ground Floor Beer Cellar with python, remote and pumps etc.

OWNERS ACCOMMODATION

The owner’s accommodation has private access and is situated on the ground and first floors. This briefly comprises of: 2/3 double bedrooms (dependant on preferred layout), lounge, dressing room, bathroom and kitchen. There is also an old function room and 2 large garage areas currently used for storage purposes.

EXTERNAL

To the front of the property is a hard standing heated al fresco area (circa 60+ plus standing) with a temporary gazebo and wooden picnic benches. To the rear of the property is a spacious grassed garden area with children’s play equipment and wooden picnic benches. This overlooks the U18’s football pitch and changing rooms (not included in the lease) and provides rolling greenbelt countryside views. The patrons’ lined car park is to the side of the property with spaces for circa 16 cars however there is plenty of parking available throughout the village itself.

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 midnight

Current opening hours are:

Mon – Sun 12 noon 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 the popular Trust Inns rolling 3-year agreement having only been renewed at the end of March 2021. The lease is partial (internal only) repairing and insuring and is a renewable rolling agreement. We are advised that the inn is ‘free of tie’ on wines, spirits and minerals and attracts healthy retrospective target related discounts. We are informed that the rent is currently circa £33,500 per annum to be reviewed in 2024 (No RPI). We are also 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 being connected (no services seen or tested). Business rates payable are advised as normally being circa £10,800 per annum however are currently nil/reduced because of pandemic regulations.

THE BUSINESS

The current owners purchased the leasehold business in 2003 and have since established a popular, thriving, and profitable business offering a changing selection of quality cask ales and drinks served to a loyal, repeat, and desirable clientele. The business is currently operated by our vendor clients assisted by circa 1 full time and c6-part time/casual members of staff. The business sits at the heart of the local community and plays host to a weekly quiz, darts and dominoes teams, and weekly live entertainment/open mic nights (Covid rules currently prevent). We are advised that accounts declare takings of circa £322,261 (inclusive of VAT) for 10 months only of year ending 31st May 2020 achieved on 100% Wet sales. Current advised trade since re-opening 12th April 2021 (post pandemic) is circa £8,000 per week (inc VAT). New owners could continue to operate the business using the same highly successful formula or they may wish to take the business to the next level. In our opinion this could be achieved by upgrading the rear grassed garden area in order to attract more families to the business.

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

This business was viewed by Richard Fletcher who would be delighted to discuss further details and can be contacted on 07865 348375.

Viewing appointments can be made by emailing Guy Simmonds at sales@guysimmonds.co.uk or by contacting Richard Fletcher on 07865 348375. All personal viewings undertaken must adhere to the evolving Covid-19 Government Guidelines.

Details prepared June 2021.