Warwick, CV34

Leasehold Public House & Restaurant Located In Warwick

Ref 2363

Location

This respected Public House is located in the historic town of Warwick which is one of Warwickshire's popular tourist hotspots. It's sits within a prominent and highly visible trading position on Emscote Road and adjoining Charles Street. The town offers plenty of retail shops, bars and restaurants and attracts many visitors due to Warwick Castle & Warwick Racecourse. Within easy reach you have Royal Leamington Spa (2.4 miles), Stratford Upon Avon (10.7 miles), Coventry (11 miles) and the M40 motorway (3 miles) which gives easy access to all motorway networks.

Asking Price: £39,950 plus SAV (£2,500)

Leasehold

Lease term: 10 years (Vanguard/Heineken full repairing and insuring, renewable agreement)

Rent: £30,000 plus VAT pa

Business rates: zero

Council tax: £1,200 pa

Business Description

Veritas Business Sales are delighted to offer for sale this established Public House which is located in the highly desirable and affluent town of Warwick. The property has been a watering hole since 1833 and has been in the hands of the current owners for the past 2 years and is now being offered for sale due to personal reasons. Since ownership the property has been kept in decent order and comes with plenty of catering equipment along with fixtures and fittings which are all bought and paid for and included within the sale price, which is a huge plus for a new owner as additional funds will not need to spent for some time. The Lord Nelson is owner operated and employs the help of 3 part time members of staff and the annual turnover is circa £180,000 inclusive of VAT with a split of wet sales 90% and dry 5%. We are advised that the inn is free of tie for wines, spirits, ciders, soft drinks and 1 Guest Ale Brand. We believe that the business would flourish from an experienced food based operator to take this to the next level. This is a superb opportunity to purchase an established business with further potential that offers a four bedroom family home above which is a great base to build upon and as such early viewing is highly recommended as this is not to be missed.

Opening Times

Monday - 3.00pm - 11.00pm

Tuesday, Wednesday & Thursday - midday - 11.00pm

Friday & Saturday - midday - 1.00am

Sunday - midday - 11.00pm

Ground Floor

Front door to hallway.

Bar with seating for circa (30), wall mounted TV, pool table, gaming machine, darts board and bar servery with 2 hand pull pumps.

Lounge with seating for circa (40), bar servery with 3 hand pull pumps, one 4 tap pump and one 5 tap pump, stainless steel sink drainer, under counter fridge, ice machine (polar), glass washer (Classic Eco), under counter 2 door bottle fridge and cash register. Commercial kitchen comprising: 3 stainless steel work tables, 6 burner range, double deep fat fryer, toaster, microwave (Kenwood), various wall mounted shelving, large upright 2 door fridge (Polar), stainless steel double sink drainer, wash basin, portable metal storage racking, upright freezer, extraction canopy. Door to boiler room with floor safe. Rear hallway. Gents W/C with urinal, wash basin and wall mounted hand dryer. Ladies W/C with wash basin and wall mounted hand dryer.

Cellar

Storeroom Storeroom with racking, washing machine (Zanussi), dishwasher and dryer. Main cellar with all the usual requirements and beer drop.

First floor

Double bedroom with shower and W/C 2 Double bedrooms Single bedroom/office Bathroom with bath, W/C and wash basin

External

Rear smoking shelter Patrons car park for (20) Rear beer garden with 6 picnic tables & 3 high round tables

EPC Rating D