GA-Select Property Book

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COALPORT, SHROPS

OUTSTANDINGLY POSITIONED DREAM PUB

Ref: G4630L

£75,000 - Offers On

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

IDYLLIC RIVERSIDE HOSTELRY SET WITHIN 5 ½ ACRES OF BREATHTAKING DRAMATIC SCENERY OF THE IRON BRIDGE WORLD HERITAGE COUNTRY SIDE

“GOLD STANDARD” OF ENGLISH INNS OFFERED AT A REALISTIC PRICE OF £75,000 (Offers on) ASSIGNMENT OF A PART TIED SECURE LEASE TO INCLUDE FIXTURES & FITTINGS, GOOD WILL + S.A.V.

  • Average sale of £350,000 inc vat over last 3 years on 50/50 split – very profitable – same owner 10 years
  • Beamed Lounge (30+) – Period Locals bar (15) – Restaurant (50c) – En-suite letting rooms (6) inc “4” poster
  • Stunning landscaped gardens with fishing rights – large car park (40)
  • Truly exceptional property & business of particular charm & character
  • Attractive one bed roomed owners flat
  • 20 year fully renewable protected part tied lease

LOCATION (TF8 7JF)

Enjoying all the considerable commercial and private lifestyle advantages of its magnificent position with breathtaking views over the River Severn upon which the pub has fishing rights, and unspoilt surrounding countryside in the charming rural village of Coalport with its numerous local tourist attractions (The Iron Bridge and Tollhouse; Broseley Pipeworks; the Museum of the Gorge and Jackfield Tile Museum etc) and near by Broseley on the woodlands outskirts of the historic Shropshire market town of Telford with excellent access to major road and motorway links (A442 and M54, M6 ) bringing the 2.5million people of the greater West Midlands within easy reach. A tranquil yet inspiring locale much favoured by those with country pursuits in mind, let this steel your hearts.

PROPERTY DESCRIPTION

This old established hostelry has become an important focal point and landmark with an area of sustainable prosperity. The property is fitted and presented to superb trade specifications throughout and retains a wealth of attractive original features. The property has been well maintained throughout the 10 years of our clients ownership and is a THREE STOREY DETACHED character premises provide outstanding business accommodation which, to the GROUND FLOOR, consists of an inviting vestibule entrance into spacious and well appointed inter-connecting LOUNGE (30+) and LOCAL BAR areas (15+) with feature original open working fireplace and a good mix of loose and fixed furnishings, which house a prominent and fully fitted and equipped timber panelled BAR SERVERY with full range of optics, draught ale wickets, chilled bottle display cabinets and electronic till points etc. Accessed directly from the main bar areas, or by means of its own separate self contained porch way vestibule entrance, the ground floor premises also boasts a tastefully furnished and appointed dedicated restaurant (50) with large heated carvery food display and service counter and access through to a fully fitted and extensively equipped COMMERCIAL KITCHEN with extraction system housing ample stainless steel work surfaces, storage units, a full range of modern and high quality catering appliance, with a fully fitted adjoining preparation/washing up kitchen area.
There is also a good sized general goods store, together with LADIES/GENTS WC facilities, and descending access down to a fully fitted and equipped trade BEER CELLAR /bottle store with refrigerated barrel store room and barrel drop.

OWNERS ACCOMMODATION

To the ground floor the property currently also provides an equally high standard of attractively appointed living accom in a smart APARTMENT which consists of a good sized lounge, with small fully furnished and equipped PRIVATE & GENERAL admin office area (would suit as private kitchen), together with 1 Double bed room with adjoining dressing room and a large fully fitted bathroom/WC

GUEST ACCOMODATION

Accessed by means of its own separate self contained entrance with security door and staircase from ground floor level, to the FIRST & SECOND floor the property provides an exceptional standard of attractively presented and appointed HOTEL GUEST ACCOM comprising of 6 x Double, Twin & Family sized rooms (Inc superior room with feature 4 poster bed and stunning views over the River Severn), all boast fully fitted private EN SUITE facilities.

EXTERNALS

Occupying a stunning elevated position with EXCLUSIVE fishing rights to a stretch of the RIVER SEVERN, and extending to approx 5.5 acres in total this is without doubt the most significant waterside pub within the county of Shropshire. Sweeping lawn landscaped gardens commanding impressive views over the river and beyond provide a dramatic backdrop to this most pleasing of English Inns. OUTBUILDINGS consisting of a substantial former barn employed for storage and private garaging purposes. Car parking is available for 40 vehicles.

PREMISES LICENSES

The premises license allows openings of 11am till 11pm over 7 days. Closed 3pm – 5.30pm during winter months. A Personal License will be required and our training associates can assist with this for you.

TENURE

The business is held on a 20 year fully protected lease (commenced 2000) from ENTERPRISE INNS (Unique). New maximum barrelage discounts available and is renewable at its end at no further cost (landlord & tenant act protected). Business & Domestic Rent is £26,000 pa. The lease allows for Free of Tie for wines, spirits & minerals.

SERVICES

We are advised that the pub benefits from mains electric, water, with septic tank sewage & heating by LPG. Rates payable are £4,670 pa.

THE BUSINESS

Our client has run the business for some 10 years and enjoyed its uniqueness in lifestyle and profitability. Sales over the previous 3 years to March 09 have averaged at circa £350,000 inc vat p.a. on a split of 50/50 plus letting income with a 57% GP and average Recon Net Profits of £60,000. Bearing in mind that our client runs the business on his own it would be reasonable to project that a traditional “couple” would reduce the wage roll by around £20,000 which would drop straight to the bottom line. Full clarity of accounting principles can be discussed with our client at an official viewing. His business model has allowed the purchase of a golf course holiday villa in Florida which provides a regular retreat for him.

EARLY VIEWING IS RECOMMENDED DUE TO THE EXCEPTIONAL LIFE STYLE OFFERED BY THE BUSINESS ALONG WITH THE GENERATION OF PROFITS.

Our finance associates will be pleased to advise and assist in the purchase of this potentially 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.

SOLE SELLING RIGHTS:

Attention: These Sale Particulars are issued by way of the "web" or hard copy on the understanding that all VIEWINGS, CONTRACTS and negotiation in connection with the business or property are conducted through GA SELECT or their agents who are appointed by the vendor under a SOLE SELLING RIGHTS AGREEMENT with total CONFIDENTIALITY. Under no circumstances must you approach the Owner directly without a formal appointment or disclose to other customers, staff or suppliers that the business is for sale. Failure to comply with these terms may make you liable in law to damages.

BUSINESS FINANCE for PURCHASE of a LICENSED PROPERTY: GA SELECT will be pleased to contact our ASSOCIATE COMMERCIAL FINANCE SPECIALIST on your behalf to engineer the necessary finance package for you at preferential rates and for a period of up to 30 years. Our Business managers will make the contact on your behalf and initial opinions will be offered by our associate at no charge. Alternatively talk to GRAHAM ALLMAN for advice who is licensed by the OFT to give such advice; License No 520042.

VIEWING: ALL APPOINTMENTS must be made by GA SELECT by calling 01530 41 41 40. Our business managers will request your purchasing position then confirm the viewing arrangements back to you. Your viewing will be followed up by a call from either a Business Manger or Sales Director. All properties are left on our web site until contracts have completed.

PROPERTY MISDISCRIPTIONS ACT: GA SELECT give notice that for themselves, their associates, vendors or lessees of the property or business that…

1) These particulars are intended as a guidance for the prospective purchaser and do not constitute or form part of any offer or contract.
2) All descriptions which include distances, plans, dimensions, demographics, or opinion on potential trade and profits are along with all other items within these particulars or given verbally by GA SELECT or its associates, are given in good faith as a guide and no responsibility is assume or accepted by GA SELECT. For there accuracy.
3) GA SELECT do not make or give within these particulars or at any other occasion any representation or warranty in relation to the condition or suitability of the property or its fixtures and fittings. Like wise for any misstatement, omission or error. Independent advice is recommended within all issues relating to the purchase and no warranty is offered by GA SELECT for the working condition or legal positions.
4) Prospective purchasers should satisfy themselves on the suitability of the conditions within the Premises Licence and their ability to obtain a Personal License.
5) Intending purchasers should make their own independent enquiries of fact, accounting information, the use of the property, permissions and potential uses and licenses including any other matters affecting the business including items within 2-3-4.
6) Viewings are totally at the clients risk relating to HEALTH & SAFETY LAW or risks within any act related to the business. GA SELECT nor its vendors hold ourselves responsible for any expenses in any circumstances whatsoever incurred by applicants inspecting a business or property which may be sold or withdrawn from sale or for any other reason, to include traveling expenses, survey, valuations, legal fees etc.
7) It must not be assumed that photographs are current or untouched nor that contents within them are included in the sale.

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