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DELIGHTFULLY TRADITIONAL AND WELL PRESENTED RIVERSIDE INN WITH LETTING BERO
Price:
Leasehold - £65,000
Location:
Worcestershire , Stourport on Severn
Located beside the River Severn amongst the £3.5 million lottery funded marina development of flats and houses and a Barratt Homes 144 unit canal basin building project.
Traditional and well presented trading areas with a Lounge Bar (circa 40) and a Public Bar (circa 40).
Stunning Riverside Terrace Area (circa 80) along with a River Mooring.
Car Park for 20 cars and 3 bed living accommodation.
4 Lovely Double/Twin En-Suite Letting Bedrooms built to 3 diamond standard, (2 river views).
Advised turnover for y/e 03/09 is £330,000 (inc VAT), trade split of 84% wet, 8% food & 8% letting.
15 years remaining of a Marston’s Inns lease with a rent of £35k after discounts.
RARE RIVERSIDE INN WITH ITS OWN MOORINGS WITH LETTING BEDROOMS IN SUPERB CONDITION.
ASKING PRICE £65,000 LEASEHOLD TO INCLUDE FIXTURES & FITTINGS, GOODWILL, EXCLUDING S.A.V.
The Property
This riverside detached inn is of brick construction, under a pitched, tiled roof, occupying a delightful riverside location next to the marina within Stourport on Severn. Built 1744.
The Lounge Bar (circa 40) is a traditional room offering a warm and comfortable feel.
The bar area benefits from a mix of carpeted and solid wood flooring, bar servery, doors to the rear garden and a lovely open fireplace.
The Public Bar (circa 40) is another traditional room offering views to the river. The room benefits from a bar servery, solid wood flooring, open fireplace and darts throw.
The business has 2 Pool Teams, 3 Darts Teams, Domino’s Team, Quiz Team, and a Crib Team. Ladies and Gents W.C.'s.
There is a well equipped Commercial Catering Kitchen with stainless steel appliances (not tested) and work surfaces.
There is a Lower Ground Beer Cellar with coolers, racks and a python system.
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:
7 days per week 11am - Midnight
Current opening hours are:
7 days per week 11am - 11pm
NB. Important. Prospective purchasers wishing to continue to operate the public house should ensure that they gain the NCPLH Qualification in readiness for their intended operation of the Public House. Guy Simmonds hold this 1 day NCPLH Course every 2 month.
The Business
The current owners purchased the business in Nov 06 as a family concern and are offering the property in excellent condition throughout. Our vendor clients have built up a strong and loyal clientele along with benefitting from the superb riverside location.
The business offers huge potential to increase the catering as the current owners have concentrated on the wet trade.
We are advised the turnover for y/e 03/09 is £330,000 (inc VAT) with a trade split of 84% wet, 8% food and 8% letting.
Accounting information will be made available to interested parties after viewing.
This business was viewed by Marc Blackford who would be delighted to discuss further details and can be contacted on 07812 753014.
Viewing appointments must be made by contacting Guy Simmonds on 01332 865112.
This traditional and extensive riverside Inn with letting bedrooms sits alongside the River Severn, next to the marina, on Severn Side, Stourport on Severn, Worcestershire. Stourport on Severn is a town and civil parish in the Wyre Forest District of north Worcestershire, a few miles to the south of Kidderminster. Stourport lies on the River Severn and the Staffordshire and Worcestershire Canal, and had a population of 19,713, according to the 2001 census.
The area around this thriving business has undergone a £3.5 million redevelopment project, improving the marina and basin along with creating 144 new homes and apartments. Water brought about the creation of the town and continues to shape Stourport on Severn, with the River Severn, the River Stour and the Staffordshire and Worcestershire Canal creating unlimited leisure opportunities on and by the water. Stourport has a good range of local shops, amenities and schooling along with offering easy access to the M5 motorway.
The business is offered for sale as a lease assignment with approximately 15 years remaining of the Marston’s Inns full repairing and insuring, renewable agreement. We are advised that the inn is tied for all wet products. We are informed that the rent is currently £35,000 per annum after discounts and is not due for a review until 2013.
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 and Tenant Act 1954.
We are advised that the inn benefits from all mains services (no services seen or tested). Business rates are advised as currently being circa £9,600 per annum.
Owners Accommodation
The owner's accommodation is situated on the 2nd floor and briefly comprises: 3 Double Bedrooms (1 river view), Fitted Kitchen, Lounge (river view) and Bathroom.
Letting Accommodation
Situated on the 1st floor are 4 Double/Twin En-Suite Letting Bedrooms with 2 offering river views in immaculate condition, (3 diamond standard).
External
To the front of the property is a lovely Riverside Terrace Area (circa 80) along with a car park to the side of the business. To the rear of the property is a lawned beer garden.
he business also benefits from a River Mooring.
North Yorkshire
£ 750,000
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