AWASH WITH CHARM AND CHARACTER DATING BACK TO THE TIMES OF THE SPANISH ARMADA A MOST UNIQUE PLEASING FREEHOUSE AND FAMILY HOME SET IN THE LINCS VILLAGE OF LISSINGTON
- Gently trading at clients convenience circa £232,190 inc vat 59% Wet 41% Dry– same family owners 34 years
- “English Country Tavern “atmosphere, low original ship beamed Lounge & Dining (40+) – period bar & sep games (36+)
- Pretty mature gardens (100+) and parking (32)
- “Gold Standard” blend of history & opportunity
- Exceptional 4 bed roomed owners accom plus optional 3 bed cottage at £180,000
- Ideal Leased Freehouse purchase with freehold option
LOCATION (LN3 5AE)
This “benchmark” ancient Inn sits on the B1202 half way between the Popular Horse Racing Market Town of Market Rasen and Wragby, a Wolds Staging and Market Town mentioned in the Domesday Book. The pleasant village of Lissington lies 10 miles North of Medieval Lincoln with its fine “black and white” properties, world renowned Cathedral and University. Recorded as An Ancient Parish its Church of St John has Parish Records dating back to the time of Queen Elizabeth 1st in 1562 around the time this property was established as a Coaching Inn on the Lincoln Market Rasen staging route. A settlement has been on this site for many centuries prior to this and its origins are surrounded by myths and misty legends of Saxon Invaders making there way inland to Lincoln from the Humber Estuary. During the English Civil war the region was awash with troops of both persuasions billeting in local hostelries and within the thickets of local woodlands. An area rich in the history of England and a popular sustainable locale to live.
Built originally around 1560 a time when Sir Francis Drake locked swords with the Spanish Armada for the honour of Queen Elizabeth 1st, God and Country (not to mention for his own well being and financial advantage) the property is of washed brick construction under pitched tiled roofs and has been subsequently extended over the centuries. LOUNGE BAR & DINING ROOM (40+) oozes charm and character with low ship beamed ceilings, panelled bow windows, fitted carpeting, fixed and loose seating to assorted polished tables and in the dining area a brick inset fireplace. The two areas can be separated by leaded light folding doors. CENTRAL BAR SERVERY is of reclaimed brick construction with oak supports built into the polished counter top and a bank of REAL ALE WICKETS. A full range of merchandising and trade optics are to the rear. LOCALS BAR & GAMES (36+) is a most pleasing period setting with a large roaring log fire set within a Tudor Brick fireplace. Furnished on a carpeted floor with bar stools, wooden chairs and fixed seating to square bar tables. Views over the gardens are afforded through panelled draped windows. A separate games room with pool table also double as a party room with effect lighting. Double doors lead out to the trade gardens. BEER CELLAR is to ground floor with REAL ALE Stillages and is fully chilled. CATERING KITCHEN is equipped and regularly caters for in excess of 50 to 60 covers. TOILET facilities are provided at several locations in both bar areas.
Our clients have created an exceptional family home over there 32 years of ownership which comprises of 4 double bedrooms, one en-suite, superb lounge, fitted kitchen and modern family bathroom along with office cum study then a private garden.
A mature garden (100+) with access by way of double doors from the games room or with direct access from the side of the property is a “treasure” and a magnet in summer months. Parking is available for 32 vehicles
The Premises License allows for the retail of alcohol all week 11 till 11 plus an extra 1 hour for diners. The business does not open Monday am and keeps its kitchen closed until Tuesday, then on opens traditional hours 12 noon till 2.30pm and 6.30pm till 11 pm. This affords plenty of scope to develop the catering business further if so required. A personal license will be required and our training associate can assist with this and other trade related training.
We are instructed to offer the property and business for sale as a New FRI ,Free of All Ties 10 year lease Fully Protected under Landlord & Tenant Act with automatic renewal at no further cost, with the option to purchase the freehold down the line at £360,000 less initial cost of premium. Rent will be £17,500 p.a ( no vat) with 3 yearly reviews @ 1% above Inflation. A rent deposit of £4375 is required and will be assignable after 2 years. A 3 bedroomed period cottage option is also available for £180,000.
We are advised that the business has mains electric, water, septic tank with LPG gas connected. Rates & Water advised £7527 p.a.
Our clients have enjoyed a relaxed family life for the past 34 years bringing up their family in a most exceptional favoured circumstance and are now slowly easing into retirement . Sale for the past 15 weeks equate to an annualised £232,190 inv vat on a split of 59% Wet to 41% Dry . Current GP 54%. We believe that with a new energetic owner that at least £400,000 could reasonably be achieved.
JUST WHAT AN INTERESTING AND UNIQUE OPPORTUNITY THIS IS, A STRONG BUSINESS FOUNDATION WITH UNBRIDLED GROWTH POTENTIAL AND AMAZING FAMILY LIFE STYLE – DO NOT LET IT PASS BY
Accounts information will be made available to interested parties after viewing.
Our finance associates will be pleased to advise and assist in the purchase of this outstanding business.
The Property was viewed by Graham Allman who will be delighted to discuss the opportunity with you 7 days a week on 07765 251 208.
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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