Pub and Hotel for sale in Ledbury
Sought after Country Town, HEREFORDSHIRE
Spacious Freehold Freehouse / Hotel
Public Car Parking in front of hotel (not owned by the hotel) free limited to 2 hours daytime.
Ground floor entrance to BAR with RESTAURANT, part wooden floor and various long stay carpets. Large bar with hand pumps, deop down screen with projector having full Sky TV, 60" plasma screen TV with full Sky TV. There is also a juke box, cigarette machine and fruit machine which are a 50/50 shared revenue basis. Tables and chairs plus bar stools providing seating 60/70 persons. Pool table, dartboard.
Ladies' cloakroom with 2 w.c's, wash hand basin
Gentlemen's cloakroom with 1 w.c. 1 urinal, wash hand basin
LEVEL KITCHEN with non-slip floor, stainless steel extractor, 4-burner gas cooker with oven plus additional 6-burner gas cooker with double oven, small deep fryer, Falcon grill, double sink and drainer, fridge, glass washer and ice make, 2 microwaves.
Wash-up area with dishwasher, double sink and drainer
The Ground Floor Bar area is at present let on a weekly licence and provides a rental income of £470 per week to the owner. In addition all the fruit machine & pool table income also go to the owner of the Freehouse/Hotel & we understand this is in the region of £14,000 p.a.
The owners are property developers and acquired the site in 2010 after it had been closed for some months. They have now refurbished the ground floor and first floor trading areas and the commenced trading on the 17th December, 2010. Management accounts covering the first period of trading up ot the 30th April, 2011 are available upon request, together with a budget for the 1s May, 2011 to the 30th April, 2012.
WE UNDERSTAND from the present owner the turnover in respect of the letting accommodation is currently in the region of £85,000 p.a.
First floor 8 letting bedrooms - 5 of which each have an en suite shower room with shower, w.c. & wash hand basin. In addition there is a further bathroom with bath, w.c. & wash hand basin
Second floor 10 large double bedrooms (all family rooms) with wash hand basins)
In addition there is a bathroom with bath, shower, w.c. & wash hand basin
The largest source of income for the bedrooms is for exclusive use as weekend house parties and we understand one of the vendors owns a business known as www.classiccountryhouses.com who act as a booking agent for this income for which an agency commission is paid and this arrangement can continue with a prospective purchaser, if required.
TO INCLUDE THE VALUABLE FREEHOLD PROPERTY, GOODWILL, FIXTURES & FITTINGS in the region of £395,000 plus STOCK AT VALUATION
SUBSTANTIAL MORTGAGE TO AN APPROVED APPLICANT
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