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TRADITIONAL & PROFITABLE ‘FREE OF TIE’ UNOPPOSED INN BUILT CIRCA 1835, LOCATED WITHIN THE PICTURESQUE VILLAGE OF BLACKFORDBY IN LEICESTERSHIRE, CLOSE TO THE DERBYSHIRE BORDER

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Deposit Taken - Solicitors Instructed


  • Locals’ pub situated in a lovely semi-rural location on the Main Street opposite the parish church.
  • Lounge / Dining Area (circa 26+) with open fireplace; Locals’ Bar (circa 14+) with bar servery and feature brick fireplace with multi-fuel stove; Side Bar (circa 18) with large flatscreen TV.
  • 3-bedroom owners' accommodation.
  • Car-park (circa 10); Patio Beer Garden with covered Drinking Area and temporary Marquee.
  • Advised turnover circa £305,456 (incl. VAT) yr end June 2019 with limited opening hours.
  • Trade is 100% wet – refurbished kitchen with massive scope for catering orientated operators.
  • New highly desirable 10 year Free of Tie Lease.
RARE OPPORTUNITY TO PURCHASE A THRIVING NEW ‘FREE OF TIE’ LEASE WITH A LOVELY LIFESTYLE AND UNDOUBTED FURTHER SCOPE – IN THE HEART OF THE NATIONAL FOREST


ASKING PRICE £39,950 FREE-OF-TIE LEASEHOLD TO INCLUDE FIXTURES & FITTINGS, GOODWILL, EXCLUDING S.A.V.

Location

This traditional inn is situated in the semi-rural picturesque village of Blackfordby in Leicestershire, just a couple of miles from Swadlincote. It is on the Main Street opposite the Parish Church of St. Margaret's of Antioch and the village primary school. Blackfordby is within The National Forest and surrounded by countryside, but within easy reach of local amenities and with great transport links. Swadlincote is home to Sharpe’s Pottery Museum, over 12 hectares of Woodlands Country Park and also the Ski & Snowboard Centre. Close-by is the quaint and bustling Leicestershire market town of Ashby De La Zouch - an historic town with timber framed buildings, a 12th century Castle and its own museum. Nearby points of interest include the brewing town of Burton upon Trent and the market town of Coalville. Other popular nearby attractions include Calke Abbey, Twycross Zoo, Conkers and Staunton Harold Reservoir. The local motorway networks are excellent with the M42/A42, M1, A511 and A38 all close by.

This delightful inn is well used and a popular venue. It attracts customers locally, as well as walkers and the village is included in The National Forest Walks. The village is expanding with circa 104 new homes plus a further circa 97 being built.

THE PROPERTY

Occupying a main road location, this grade II listed traditional British pub was believed to be originally built around 1835.

The trading area is split into 3 distinct areas:

The Lounge / Dining Area (circa 26+) is a traditional room. The room features carpets, open fireplace, large flatscreen TV, loose tables and chairs. The Lounge also has access to the wood Bar Servery.

Locals’ Bar (seating circa 14 + standing) has a warm and welcoming atmosphere. It features a wood-panelled Bar Servery, wooden floor, upholstered perimeter seating and loose tables and chairs. There is a large feature brick fireplace with a multi-fuel stove.

The Side Bar (circa 18) is a cosy room with wooden flooring, large flatscreen TV, chairs, tables and has access to the wood bar servery.

Ladies and Gents W.C’s.

There is a refurbished Kitchen (appliances not tested) which is not currently used apart from preparing bar snacks.

Lower Ground Floor Cellar.

OWNERS ACCOMMODATION

Situated on the first floor and briefly comprises: 2 double bedrooms, 1 single bedroom/office, bathroom, and open plan kitchen, lounge and dining area.

EXTERNAL

At the rear is the car park for circa 10 cars. There is a patio area with a covered drinking area with heating and lighting, and seating circa 15. There is also a temporary marquee in place with tables and chairs seating 20-24 drinkers/diners. There are additional picnic benches that can be set up in the car park. There are also picnic benches to the front of the building for circa 24.

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- Thurs 10am to 11pm

Fri-Sat 10am to 2am

Current opening hours are:

Monday closed

Tues – Thurs 4pm to 11pm

Friday 4pm to 2am

Saturday 12noon to 2am

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 new highly favourable 10 year Private FRI Lease Agreement.

The asking premium will be £39,950.

The initial annual rent will be £30,000

The annual rental is simply RPI linked to inflation every 3 years, hence no market rent reviews.

Rent payable monthly in advance.

Deposit equivalent to 3 months’ rent.

Lease re-assignable after initial 2-year period.

Free of all brewery and supply ties.

Each party responsible for own legal costs relating to the transaction.

Satisfactory references will be required on behalf of our vendor client.

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 (services not tested).

Business rates payable are advised as currently being nil (small & rural business rates relief).

THE BUSINESS

The current owners purchased the business over 8 years ago having spent years in the trade and are reluctantly selling due to retirement. After purchasing, they totally refurbished the whole building. They have built up a thriving business and are a traditional real ale pub featured in Camra’s Good Beer Guide. They won N.W. Leicestershire Cider Pub of the Year 2017. The pub is at the centre of the community with quiz nights and open mic nights. They also screen the major football and rugby matches.

There is huge scope for new enthusiastic owner operators to increase the sales by both increasing the opening hours and exploiting the obvious food potential. Trade is predominantly wet with limited bar snacks served.

We are advised that the turnover was circa £305,456 (inclusive VAT) for year end June 2019. This is based on limited opening hours and mainly wet trade.

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

This business was viewed by Helen Russell who would be delighted to discuss further details and can be contacted on 07968 376590.

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

All personal viewings undertaken must adhere to the evolving Covid-19 Government Guidelines.

Details prepared: February 2022

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