Public Houses for sale in Lincolnshire

View the "The Riverside Inn" below and request further details. Alternatively, please view the similar businesses in the 'You May Also Like' box below.
 

 A great experience – we had more buyer enquiries through Daltons and the exposure was invaluable to the eventual sale 

Brian Marshall (May 2014)
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Leasehold Price: £15,000
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Business Description

Property Details


A MOST CHARMING RIVERSIDE PUB LOCATED IN THE VILLAGE OF SOUTHREY WITHIN THE SPLENDORS OF THE RUSTIC FENLANDS OF LINCOLNSHIRE



  • Great (£) Sales potential for new lessee to build upon existing “low key” operation and create a robust profitable and enjoyable business

  • Open fires in copper canopy, beams and simple fenlands atmosphere within Lounge (30+) Locals bar (30+) Dining Room (20)

  • Impressive family garden (200) with bridged stream adjacent River Banking, smoker’s solution 

  • Popular traditional village locale, a magnet for walkers, boaters (moorings-not within sale) and tourists (leisure cycle path) plus a strong local customer base

  • Owners 4 bed roomed accommodation – a magical environment to live within

  • Fully renewable protected lease of negotiable length Easy stepped rent –yes it’s a FREEHOUSE


LOCATION (LN3 5TA)  


The ancient and historically important ENGLISH RIVERSIDE VILLGE of SOUTHREY lies off the B1190 Horncastle Road approx 2 miles from the local residential town of BARDNEY which has a full range of schools and family facilities. Southrey has been an important community village spanning back many centuries with its river landings on the River Witham and then as a railway station Twix Boston, famed as the departure port of the Boston Tea Party and the medieval City of Lincoln with its inspiring Cathedral and black and white half timbered buildings. Lincoln sits approx 12 miles to the West and the uniquely charming Woodhall Spa 5 miles to the East and Horncastle just 11 miles. The village s focused around the pub which acts as the hub of village life attracting walkers, cyclists, boating enthusiasts (moorings within 100yds -not within sale) and local’s alike providing colour and atmosphere to the pub. The old railway line is now unused for rail traffic and has been developed as a nature walk and cycle route with the pub as a natural watering hole for its travellers. This is a most special and “magical” location offering a superb lifestyle for those who value the open countryside and country pursuits and able to take advantage of its situation to develop a most special enjoyable business to thrive within. The pub is located on Ferry Road.


PROPERTY DESCRIPTION 


The property was constructed in the 1800’s of brick under pitched roofs and stands detached within its own grounds close to the River Witham and the former Boston Lincoln rail line. Internally the property has many original features and is maintained to a good standard. PUBLIC BAR (30+ standing) is a traditional local’s bar room with pool table and pub games. The room has wooden flooring and has assorted bentwood furnishings and fitted bench seating. A large window cascades beams of sunlight into the room during the day time. LOUNGE BAR (30+) with its multi fuel burner set into a brick wall provides a traditional atmosphere with tables, and chairs & fixed seating set on a carpeted floor. Double doors access the beer garden and grounds, and again large windows provide bouncing sunlight to the room. CENTRAL BAR SERVERY provides access to both bar areas. RESTAURANT (20c) within a contemporary setting and views over the grounds towards the river. CATERING KITCHEN is well equipped with commercial s/s units and heavy duty units. BEER CELLAR is chilled. TOILETS are set internally to the end of the pub. 


OWNERS ACCOMMODATION 


Comprises of a landing to fitted kitchen, dining room, lounge, 3 double bedrooms with pedestal wash basins and single bed come office and then the family bathroom.


EXTERNALS


Sit and listen to the birds and wild animals that live alongside the waterway and nature trail, a great way to start the day with a “brew in hand” then let the customers enjoy this most special backdrop which acts like a magnet to them. The grounds include a small stream with bridge over leading up an embankment to the nature trail and river side moorings. This must be experienced to measure its desirability and “lifestyle” opportunity. Car parking is set to the front and side of the property for 15 vehicles with further parking available on a parking area close to the river. 


PREMISES LICENSES


The opening hours are at present to suit the current lessee, to suit their personal circumstances. Actual permitted hours of 11am till 11pm all week. A personal license will be required and our training associates can assist with this for you along with other licensed retail training inc BII courses.


TENURE


We are instructed by our private clients to offer by way of a NEW PRIVATE LEASE of negotiable length (suggest 15 years) on a starting rent of £15,000 thereon - Yr2) £16,500 - Yr3) £18,000 (plus VAT) set for the next 3 years, followed by 3 yearly reviews, completely Free of All Ties – A FREEHOUSE. The lease is fully protected under the Landlord & Tenant Act and renewable at its end for a further similar period at no further premium and will be assignable after a two-year period (subject to reasonable approvals & references). Rent is payable monthly with 1 month in advance and a security deposit of £5,000 will be required. Each party to pay their own expenses and the freeholder will pay the property insurance charged as a second rent. The option to purchase the FREEHOLD at £325,000.


SERVICES 


We are advised that the business benefits from connected mains of electric, sewage and water 
with heating by way of oil. Rates payable are conditional upon rural relief.


THE BUSINESS


The current lessees are moving on due to ill health and has been run quietly at their own pace with self-imposed limited trading hours. We understand that sales are running in the region of £2,000 to £2,500 per week inc vat on a split of 60% Wet to 40% Dry HOWEVER there will be no accounting information provided as the business is being offered without good will as a new lease. The pub has a strong locals support and is popular with day trippers and tourists. Under the new ownership of an energetic focused owner it would be reasonable to expect sales to at least double if not more with the provision of a more suitable food offer, providing a strong profitable and enjoyable lifestyle business located within an exceptionally pleasant location.


WE HIGHLY RECOMMEND AN EARLY VIEWING OF THIS BUSINESS & FAMILY HOME – WE ADVISE TO CONSIDER THIS PUB AS A MATTER OF PRIORITY – VERY FEW FREEHOUSES COME TO MARKET OF THIS POTENTIAL AT THIS PRICE AND DEAL.


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.

Tenure: Leasehold

Listed by: GA Select
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