Seating 60 through Restaurant (24c) Snug (14+) Split level Lounge (22+).
Top quality throughout with period features, beams, exposed stone, strong historic connections
Attractive external areas, Inc. patio (16) Family Garden (40+) Parking (20)
Superior Owners 3 bedroomed period accommodation
Fully renewable protected private lease of 10 years – FREE of TIE
LOCATION (LE14 2JQ)
The ancient village of BURROUGH on the HILL sits within Rural Leicestershire in close proximity to Rutland, the most desirable County in Britain. Local tourist attractions include 86 Acre Burrough Country Park & an Iron Age Hill Fort with Rutland Water a short drive and “Hot Spot” Affluent Villages & Medieval Market Towns including, Oakham, Melton, Somerby, Stapleford, Twyford with the City of Leicester just 18 miles away. Located within a triangle of the A47 A606 A607 on the Main Street of the village running from Twyford Rd through to Somerby Rd.
EDWARD & Mrs SIMPSON used the inn when visiting a local stately hall and HRH Prince Charles has led the local hunt from here. The locale has a strong equestrian make up & country pursuits. Walkers & cyclists are frequent users of this superb Hostelry as well as locals & day tourists.
A most attractive detached 17th Century Freehouse of mixed Stone & Brick construction set under pitched Slate Roofs. Flush with period features including exposed stone walls, deep window sills, exposed beams, open fires, seating 60 from Snug (14+) Split level Lounge (22+) separate Restaurant (22c) with French window, to the rear Family Garden. Restaurant furniture is all matching with dining chairs & tables. The other public areas have an interesting mix of styles. CENTRAL BAR SERVERY to 3 sides with Real Ale Wickets & Bright beer pumps set into the polished bar counter top. A range of trade optics & bottle chillers are set within the rear merchandising fittings. CATERING KITCHEN is fully fitted and located between the Restaurant & Bar areas. Ladies & Gents facilities are to a high standard. BEER CELLAR is set below ground and has real ale stillage’s.
A really high quality home including 3 double bedrooms, Family Bathroom, feature lounge, Fitted kitchen and open fires along with central heating. A beautiful place to live & work from
To the rear of the main property lies a Family Beer garden (40+) of grass & slabs with wooden picnic benches and continental style tables & chairs. Double French doors lead to the Restaurant. To the side entrance is a decked patio (16+) with continental style tables & chairs
We are advised that the business has a license for dispensing Alcoholic beverages from 11am till 11pm M/T/W 11am till 12 midnight Thurs/Fri/Sat & Sunday 12 till 11.30pm. The business is closed all day Monday & from 7pm Sunday. Other actual opening hours are 12noon till 3pm then 5pm till 11pm & all day Saturday with Sunday 12noon till 7pm.
We are instructed by our private clients to offer by way of a PRIVATE LEASE ASSIGNMENT of 10 years commencing 2013 let completely FREE of TIE. The current rent is £18,000 + vat (reclaimable) paid quarterly with annual Index Linking FRI
We are advised that the business benefits from connected mains of electric, sewage, water & gas with heating by way of gas. Business Rates payable of £6785
Our clients have owned the business for 2 ½ years having moved to the business as “ex-pats” and are intending to move abroad again. On 5 ½ days trading on limited hours the business has sales to 03/15 of £219,994 Inc Vat split 45% Wet to 55% Dry and an overall 50% GP. The Recon Net Profit is £40,264 (after personal expenses, operating model i.e. they employ a chef who is due to retire end of April 2016 therefore there will be no TUPE expenses). A new energetic operator could expect to add a further £100,000 sales with subsequent £50,000 to the Net Profits having lived free out of the business
WE HIGHLY RECOMMEND AN EARLY VIEWING OF THIS FREEHOUSE BUSINESS & FAMILY HOME – WE ADVISE TO CONSIDER THIS PUB AS A MATTER OF PRIORITY – IT WILL SELL QUICKLY
To secure this business a deposit of £5,000 will give you exclusivity on this business giving you a lock-out agreement with no further viewings or marketing taking place.
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 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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