GA-Select Property Book

£195,000

Leasehold assignment
(Proof of finance or credit line will be required.)

THE MOST EXQUISITE 16TH CENTURY COACHING INN, IN A COMMANDING POSITION JUST OFF A BUSY ‘A’ ROAD IN THE VILLAGE OF LOWER WHITLEY IN THE HEART OF THE CHESHIRE COUNTRYSIDE.

THIS IS A RARE CHANCE TO GET HOLD OF A STRONG LEASE OF THIS QUALITY IN SUCH A PERFECT SETTING OFFERED FOR SALE BY WAY OF A LEASEHOLD TRANSFER AT £195,000 TO INCLUDE GOODWILL FIXTURES AND FITTINGS PLUS S.A.V.

• M.A.T. Turnover for 2007 £470,000 Inc V.A.T. with reconstituted net operating profit calculated at £100,000 with excellent year on year on year turnover.

• 144 covers within period splendour of Hen room (16) tapestry room (24) Bowling Green room (28) bar (8) wine cellar (2) snug room (20) Dog room (16) . 

• Bowling green and terrace, large children’s play area circa 2-acre field and large car park.

• So much character it looks like a set for “Midsummer Murders” the epitome of an English country pub ONE OF THE SUNDAY TIMES BEST TEN COUNTRYSIDE RESTAURANTS.

• Large owners flat with independent access and four large bedrooms and office house bathroom and sitting room, kitchen and large landing area.

• 3 years remaining of a10 year fully renewable partial tie lease, landlord and tenant protected.





LOCATION (WA4 4EN)

Lower Whitley is situated on a loop road of the A49 Whitchurch road near to junction 10 of the M56 this is prime commuter belt for Manchester and it’s satellite towns. It is a highly prosperous area with fabulous demographics. An ideal location for a gastro pub, the site the pub occupies is in the region of 5 acres all told and has a 2 acre field between it and the A49 so can be seen but not be disturbed by this busy road. There are turnings at both ends of the village with good visibility making access and egress very easy indeed. The village itself is small and mainly a farming community with other high value housing. The general area is well known as one of the wealthiest in the country and it is easy to see why this beautiful pub trades so well. Manchester and its suburbs provide most of the custom and with Manchester airport so close many business people use the pub to entertain there clients flying in and out. With the local villages providing considerable support.

PROPERTY DESCRIPTION

Dating back more than 400 years the property is built of brick under a slate roof and is just full of original features some indeed are listed, such as the bar area. The trading area is made up of a number of rooms leading off two main corridors or passages. The BAR (8) straight from the set of a period drama, listed with a small brick fire place, THE HEN ROOM (16) named after all the hen paintings with it’s curved bench seating, spindle backed and again with an attractive brick built open fire, THE SNUG ROOM (20) cosy with stripped old wooden tables and Persian rugs on a wooden floor leading to the WINE CELLAR (2) ideal for an intimate dinner in amongst the wine bottles! THE DOG ROOM (6) so called because the owners allow the country pursuit guests to bring in their dogs on a cold winters day to warm in front of the log fire. Back through the passage ways with there black and red tiled floors to the BOWLING ROOM (28) light and bright looking out over the perfectly manicured bowling green and with the still and servery in the corner next to the kitchen and what better place to work than next to the sash window overlooking the green, finally THE TAPESTRY ROOM (24) with lovely dark oak and mahogany tables more Persian rugs and wall hangings, teapot collections and other fine artefacts creating interest wherever you look. The lobby area near the rear entrance sets the perfect ambiance for the first visitor with easy chairs, the loos are adjacent to the entrance and as one would expect are very character full.

The CATERING KITCHEN is split into three areas the first being the main stove area and server, the second the prep, and starters and the third the wash up, walk in cold store and dry goods. There is a rear courtyard housing the potato store rumbler and some covered tabling for wash up overspill on busy days. There are further storage rooms to the other end of the building housing a workshop and laundry, which would lend them to a private dining room in a larger wine store.

OWNERS ACCOMMODATION

Magnificent is the word that springs to mind four grand bedrooms a kitchen Sitting room bathroom, Office, large landing two staircases- one from the trading area and the other from back of house. There is also a staff wing with kitchen, bathroom, shower room, separate toilet, and large bedroom sleeping four.

EXTERNALS

The site in total occupies the best part of five acres with a superb bowling green with members pavilion and surrounded with formal gardens and a patio adjacent to the pub with seating for up to (40) The car park is large by any standards circa (80) cars there is a children’s play area and a further two acres of field. To the rear of the pub is a private garden with it’s own vegetable plot and store sheds for gardening equipment and other odds and ends.

PREMISES LICENSES

The premises are licensed from 11am until 1am Monday to Saturday and 11am to 11pm Sunday. Our clients open 12 noon until three and 5.30 pm until 11pm. A personal licence will be required and our training associates would be only too pleased to assist in this matter.

TENURE

We are instructed to offer the business for sale by way of lease assignment of a 10-year partial tie lease from 2001, fully renewable at no further premium with full Landlord & Tenant Act Protection from Punch Taverns at a business rent of £76,000.

SERVICE

We are advised that the pub benefits from mains services with oil central heating throughout. Rates payable are circa £17,400 p.a.

THE BUSINESS

Our clients have built up the trade at the pub based very firmly on the food element with turnover for the year ended 2007 at £470,000 Inc V.A.T. with available profits calculated at £100,000. With a split 60% dry 40% wet. This is a business we believe can go quite a bit further with a fully committed operator and a turnover of £750,000 is not unrealistic. The pub benefits from bowling teams both local touring and corporate days it has a good following for the real ale and fulfils it’s potential as a meeting place for families, friends and business people. The business has won many awards; it has been listed in the Times as being in their Sunday Times 10 best countryside restaurants. It is listed in Alistair Sawday’s book Pubs and Inns of England and Wales as a ‘special place’ as well as the Michelin eating out in pubs guide 2008 alongside such entries as the Drunken Duck at Ambleside. So no problem with developing a name for the pub. This lends itself to being run by a chef patron or family looking to immerse themselves in the gastro pub market.

A REAL GASTRO PUB JUST WAITING TO BE TAKEN TO THE NEXT LEVEL

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 Simon Kershaw who will be delighted to discuss the opportunity with you 7 days a week on 07776 302 293.

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.

Keywords: LOWER WHITLEY CHESHIRE, S4499L, lease assigment, £195,000