Taverns for sale in Leicestershire

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S Martin (Feb 2013)
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Freehold Price: £550,000
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Business Description

IMPRESSIVE INN & RESTAURANT LOCATED ON THE MAIN STREET OF THE NATIONAL FOREST VILLAGE OF OAKTHORPE LEICESTERSHIRE WITH OPTIONAL PLANNING PERMISIONS FOR RESIDENTIAL HOUSING



  • Sales of circa £150,000 split 25% Dry 75% Wet on self restricted hours with a 60% GP

  • Locals bar (20+) Games Room (20+) Main Restaurant (34c) Dining Lounge (12c) from Central bar servery well presented throughout

  • Planning permissions for 3 x 4 bed houses within garden area and conversion of pub to 2 x 3 bed Cottages or the Houses and retain the pub

  • Delightful Beer garden, family play area, Patio seating & Car Park (15)

  • Minutes from A42/M42 connecting M6/M1/M69 East Midlands & Birmingham Airports, NEC and Historic Market town of Ashby de la Zouch

  • Owners 3 large double bedroomed accommodation


LOCATION (DE12 7RB)


The village of Oakthorpe lies to the Heart of the National Forest and is a village in the English county of Leicestershire. In 1086, Oakthorpe was part of Derbyshire and was amongst several manors given to Nigel of Stafford by William the Conqueror. Until 1897 Oakthorpe, and its neighbours Measham and Donisthorpe, continued to form part of an extensive exclave of Derbyshire Oakthorpe lies within the Oakthorpe, Donisthorpe and Acresford civil parish, which is part of North West Leicestershire and just 4 miles from the Historic Market Town of Ashby de la Zouch. The East Midlands is the fastest growing region in England with Leicestershire the highest growth county and North West Leicestershire the best performing District within the county. The Parish has a population of 2336 (2010) and due to its positioning within the National Forest and commutability to major East & West Midlands conurbations is a popular locale and highly desirable for families to relocate with excellent local school and amenities.


PROPERTY DESCRIPTION


The Inn is believed to date back to the 17th Century and was used as a hospital during the Napoleonic War 1803-1815. The property has a pretty frontage and is constructed of local brick under pitched slate roof. LOCALS BAR (20+) is fitted with a quality patterned carpet and has an assorted range of tables and seating set upon. Exposed beams and a feature set wood burner finish the ambiance of this popular room. LADIES & GENTS facilities are located off here. GAMES ROOM (20+) is carpeted and has a pool table, darts throw, gaming machines and juke box with further beaming. CENTRAL BAR SERVERY is of reclaimed brick construction and has a range of real ale pulls and bright beer pumps. Pre – dining area (8) leads into the MAIN RESTAURANT (34c) is a bright and airy room with exposed brick walls and stripped pine cottage kitchen style tables and assorted chairs set on a hard wearing exposed floor. Double doors lead out to the gardens. DINING LOUNGE (12c) is on 2 levels with mixed dining and lounge seating set on a patterned carpet and low exposed beams with a feature fireplace with open fire. CATERING KITCHEN is to a 5 Star grade with a full range of S/S units and professional equipment. BEER CELLAR is fully chilled.


OWNERS ACCOMMODATION


This is located to the 1st floor with 3 large double bedrooms, comfortable lounge, office/study, utility/shower rooms, family bathroom with WC & basin.


PLANNING PERMISIONS


Unconditional outline permissions from North West Leicestershire DC comprises of 3 x 4bedroomed houses within the garden area then permission to convert the pub into 2 x 3 bedroomed cottages. Alternatively construct the 3 houses and retain the pub possibly selling it on or leasing it out (GA-SELECT can assist with this).


EXTERNALS


The business has a good car park (15), patio seating, mature beer gardens and family play area.


PREMISES LICENSES


We are advised that the business has a Premises licence which allows the provision of alcohol from Monday to Saturday 10am till 11pm and Sunday 12noon till 10.30pm. Currently our retiring clients chose not to open during lunch periods except for Saturday & Sunday seeing Monday till Friday 4pm till 11pm, Saturday & Sunday 12 noon till close. A Personal License will be required and our training associates can assist with this for you.


TENURE


We are instructed to offer the property and business for sale totally freehold


SERVICES


We are advised that the pub benefits from mains electric, water, sewage and central heating by Oil. Business rates are advised at £8,000 payable


THE BUSINESS


Our clients have owned the business since 2004 (10 years) and due to retire. The current restricted hours provide plenty of scope to build on the current level of sales which is circa £150,000 inc vat on a split of 25% Dry to 75% Wet and GP of 60%. Regular trade is derived from the village and the potential to make this a thriving destination food tavern is undoubted. New enthused owners will without doubt take this business to another much higher level.    


THE MULTI POTENTIAL OF THIS OPPORTUNITY MUST BE VIEWED TO FULLY APPRECIATE JUST WHAT CAN BE ACHIEVED FROM THIS MOST DELIGHTFULL BUSINESS AND LOCALE


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.

Tenure: Freehold

Listed by: GA Select
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