Front area plus garden at side with tables and chairs for approximately 20 persons (can be increased).
Rear tarmaced car park for approx. 25 cars
Entrance to ATTRACTIVE LOUNGE BAR with beamed ceiling. Open brick fireplace. Brick facia bar with wooden servery. The equipment includes 3 hand pumps, mirror-backed shelving, 1 3-door glass fronted counter fridge, electronic cash register, 6 bar stools plus 2 tables with additional seating for 14 persons, ceiling lighting.
Large adjoining Restaurant area at present operated as Indian cuisine, which could obviously be continued and in our opinion has potential for other types of cuisine, if desired. Attractive woodstrip floor. 2 Air Conditioning units. Tables and chairs providing seating for 70 persons.
Gentlemen's/disabled cloakroom with w.c. and wash hand basin
Additional gentlemen's cloakroom with 2 urinals, w.c. and wash hand basin
Ladies' cloakroom with w.c. and wash hand basin
Level kitchen with non-slip floor. Stainless steel cladding to walls, extractor unit. The equipment includes Tandoori oven, 2 6-burner gas cookers with double oven, 1 commercial microwave oven, 2 double sinks with drainers, wash hand basin, preparation sink, 2 hotplate cabinets, 2 stainless steel tables etc.
Stockroom
Stairs to large cellar providing storage facilities plus beer cellar
Turnover
WE ARE INFORMED the turnover averages £5,000 p.w. in our opinion offering tremendous potential for further increase in the right hands. (We understand the split of turnover is approximately 50% wet sales and the balance of 50% in respect of catering). In our opinion there is tremendous potential for the introduction of deliveries of hot food, if desired.
Staff
The business is at present operated by the owners with the assistance of 3 full time staff plus additional casual staff at weekends.
The SPACIOUS living accommodation situated on the first floor comprises:
6 Bedrooms (2 doubles each with an en suite bathroom with bath, w.c. and wash hand basin), 3 additional double bedrooms, 1 single bedroom
2 Bathrooms each with bath, w.c. and wash hand basin
It should be noted that 4 of the double bedrooms are at present let on monthly agreements and provide a total rental income of £1,220 per month at present. We understand that vacant possession can be given on conpletion if required.
Outside
Front area plus side garden with tables and chairs providing seating for 20.
Large rear tarmaced car park providing parking for 25 cars
Tenure
We understand the premises are held on a secure renewable lease from a private landlord having 12 years unexpired from May, 2008 at a current rental of £23,000 p.a. exclusive of rates. (We understand there was a rental review in May, 2008, however, the landlord has not increased the rent on that rent review). We are further advised that the rent reviews are every 3 years. As will be appreciated with the letting of the 4 bedrooms in the accommodation currently of £14,640 p.a. the net rental payable at the present time is only £8,360 p.a. exclusive of rates.
Uniform Business Rates: £2,600 p.a. approx.
OUTSTANDING OPPORTUNITY TO ACQUIRE A MOST ATTRACTIVE VILLAGE FREEHOUSE IN THIS SOUGHT AFTER WILTSHIRE LOCALITY.
PERSONALLY INSPECTED AND HIGHLY RECOMMENDED
MUST BE SEEN TO BE FULLY APPRECIATED
Price
OFFERS INVITED TO INCLUDE THE SECURE LEASE, GOODWILL, FIXTURES & FITTINGS in the region of £115,000 plus STOCK AT VALUATION (£5,000 approx).
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT
Reference
R9344
Viewing is only via appointment contact Nationwide Businesses on 020 8763 1777.
