Turnover “Aug 14” of £469,070 inc vat on 70% Dry /30% Wet split, (6.25% rent to net sales)
Popular authentic locals bar (20 + standing), 2 dining areas (40)
Secure beer garden & patio (120) with stunning hillside views – benches to pub frontage with views of Corfe Castle (16) – car parking (30)
Well maintained owner’s accommodation with 3 double bedrooms one en-suite and a feature large lounge set within the eaves
Only minutes from the extremely popular seaside resorts of Studland Bay (National Trust Beach) and Swanage in a stunning and historic village described as living within a theme park.
Secure fully renewable 20 year part tied lease from 12/06
LOCATION (BH20 5EE)
Located on The Jurassic Coast the picture postcard village of Corfe Castle nestles within one of England’s most affluent areas and is close by too many local attractions such as Studland Bay (National Trust Beach), the delightful seaside resorts of Swanage, Poole & Sandbanks ranked as “England’s most prestigious and expensive real estate location”. Wareham with all the local amenities is circa 3 miles north and of course the thousand – year – old castle, an iconic survivor of the English civil war, rising above the Isle of Purbeck is one of the most evocative ruined castles in England. Originally a Roman Defensive Settlement the current structure was built by William the Conqueror, the castle dates back to the 11th century and commands a gap in the Purbeck Hills on the route between Wareham and Swanage. The first phase was one of the earliest castles in England to be built using stone when the majority were built with earth and timber. Corfe Castle underwent major structural changes in the 12th and 13th centuries. The village can be found on the A351 with the pub predominantly located on East Street which is the main road through the village. The Swanage railway operates a steam train service to Corfe and passes to the rear of the properties lovely and well maintained gardens. The idyllic Dorset pub is just 4 minutes from the sea.
An impressive architectural gem of Medieval Reality, where little has changed over the years. Flagstones, bare stone walls, exposed beams and inglenook fireplaces are still prominent features. The property is of washed brick & Purbeck Stone construction under a pitched tiled roof occupying a prominent position within the heart of the village set back from the road to its pretty frontage with views over Corfe Castle. All together a cosy traditional English Pub feel throughout the trading areas which are set out in an “L” style arrangement with beamed lounge bar & restaurant and feature fire place to the front of the property leading to cosy snug/restaurant area to the rear. In total there is seating for around 40 people with plenty of standing room. The central BAR SERVERY has a timber frontage with REAL ALE WICKETS and bright beer pumps set into it. Bar optics are located within the merchandising back fittings. There is a fully equipped COMMERCIAL KITCHEN with full extraction facilities and stainless steel appliances, walk in cold room, BEER CELLAR is fully chilled and ladies and gents WASHROOMS are well presented.
Located on the 1st & 2nd floors comprises of a large feature lounge set within the eaves, 3 double bedrooms with one en-suite and family bathroom all well maintained.
This superb business has a fantastic rear elevation garden with stunning hillside views and overlooks the steam train railway which runs from Swanage to Corfe Castle. There is ample space for a marquee, 2 well maintained and very pretty patio areas with draping vines & hanging baskets (40), timber picnic tables in the garden area (120) plus plenty of standing room and to the front elevation benches with views of Corfe Castle (14). There is ample car-parking for approximately (30 vehicles)
The business trades 7 days a week from 12noon till 11:00pm, however the permitted licensing hours for the premises are 10:00am till 2:00am 7 days a week. A personal license will be required and our training associates can assist with this and any other training requirements.
We are advised by our client that the property is held on a 20 year secure renewable Punch Taverns lease from December 2006 at an annual rent of £25,000 (6.25% rent to net sales) set for the remaining length of the lease and is Free of Tie for wines and spirits. The lease is fully protected under the Landlord & Tenant Act and renewable at its end at no further cost.
We are advised that all mains services are connected to the property, gas cooking and central heating. Business Rates payable & water £7867.
This fantastic business is flourishing and is truly a stunning local GOOD FOOD AND BEER PUB, with an impressive and loyal following not only from locals but also from the affluent villages and hamlets surrounding the locale and the many tourists that visit this most desirable area. The pub is also a focal point for village fund raising and they hold many events throughout the year such as HOG ROAST & SHEEP SHEARING DAY and fund raising events for the local primary school. Year on improving turnover to £469,070 inc vat for year end August 2014 on a split of 70%Food to 30% Wet .A business of this quality should yield a 20%-25% of net sales as a disposable net profit
A TRULY UNIQUE OPPORTUNITY TO ACQUIRE WHAT IS ARGUABLY THE BEST AND WELL LOCATED LEASED PUB TO COME TO THE MARKET WITHIN SOUTHERN ENGLAND
Accounts information will be made available to interested parties after viewing.
Our panel of financial experts are here to help; call for referrals: 01530 414140.
The Property was viewed by Graham Allman who will be delighted to discuss the opportunity with you 7 days a week on 07765 251208.
Viewings appointments can be made via one of GA-SELECT Business Managers on 01530 41 41 40 who can also refer you to experienced solicitors, accountants, and other trade experts.
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