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OADBY , LEICESTER

THEY DON’T MAKE THEM LIKE THIS ANYMORE, A SPORTSMANS OASIS

Ref: G4698L

£49,500

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

AN AWARD WINNING SPORTSMANS DREAM PUB WITH PLENTY GOING ON AND EASY TO RUN LOCATED IN OADBY AN HISTORIC RESIDENTIAL URBAN AREA OF LEICESTER

RARE UNSPOILT SPORTING PUB OFFERED BY WAY OF A LEASE ASSIGNMENT AT £49,500 TO INCLUDE FIXTURES AND FITTINGS, GOODWILL PLUS S.A.V.

  • Sustainable sales of £376,000 inc vat – 95% Wet – good profits

  • Well kept Locals Bar (36+) comfy Lounge (50+) separate “long” skittles alley

  • Sun trap patio yard with timber benches (40+) smokers solution- C/P (40)

  • Generous 3 bed owners accommodation with private access.

  • Strong local support – just open the doors and make money

  • 15 year landlord and tenant protected lease fully renewable at no further cost Part Tied – sensible rent



LOCATION ( LE2 5DP )

Forming part of the City of Leicester’s “urban area”, Oadby lies 3 ½ miles South East of the city on the main A6 with the pub sitting on London Road (formally “Turnpike Lane”). The Borough has a population of circa 56,000 and a history going back to 550AD when it was an Anglian Settlement and myths have it that the area is said to be the site of at least one of King Alfred the Greats, battles. In the late 19th Century it was renowned as a fashionable suburb for factory owners with great houses which are now used as student accommodation for Leicester University and H/Qs of International Business’s which along with major retailers and supermarket chains provide a sustainable income for its residents. The township is also the location of Leicester Race Course, Beauchamp College , University Botanical Gardens and the training grounds of Rugby Leagues Leicester Tigers at Oval Park on Wigston Road. As well as local employment the locale is popular with families due to Beauchamp College and the excellent local family facilities.

PROPERTY DESCRIPTION

The pub started its history off as a “Wheel-right” in 1870 and is of brick construction under mainly pitched slate roofs. Everyone is welcome at this hostelry and it has been described as, “like walking back into a rural time warp” , I don’t know so much about that but it does have a most excellent and welcoming atmosphere. You can enter from the pubs car park or directly from London Road into the LOCALS BAR ( 36+ standing) is fully carpeted and furnished with perimeter seating, some on “horse shoes”, along with stools to “lady head” tables. Sporting bric a brac is displayed throughout, along with records of the large charity events that the pub is famous for. LOUNGE BAR (50+ standing) is of similar fitting again with sporting and charitable paraphernalia. SKITTLES ALLEY, located separately from the bars is a traditional characterful “long” alley which can be used for private functions. CATERING KITCHEN is equipped with a mix of commercial and domestic units (currently only light snacks are provided along with the many functions in the skittle alley) . CENTRAL BAR SERVERY with canopy above has a bank of REAL ALE WICKETS and the pub has won awards from CAMRA including Leicestershire Pub of the Month. (good real ale and sports mix rather well together). TOILET facilities are to a good standard.

OWNERS ACCOMMODATION

The owner’s accommodation comprises of 3 bedrooms, large lounge, family bathroom, and kitchen area. There is private access to the flat.

EXTERNALS

To the rear is a courtyard style patio come beer garden with garden furniture and planting tubs, an oasis for “alfresco” moments. Car parking is available for circa 20/25 vehicles.

PREMISES LICENSES

The premises currently open for business from 12.00hrs until Close all week. The premises license allows openings from 11.00hrs till 01.00hrs all week with Sunday 12.00hrs till 22.30hrs. A personal licence will be required and our training associates would be only too pleased to assist in this matter.

TENURE

We are instructed by our clients to offer the business for sale by way of assignment of a 15 year lease commencing 2004 from PUNCH TAVERNS, fully protected by the Landlord & Tenant Act and fully renewable at no further cost – current rent is an affordable and realistic £36,791 and is Free of Tie for Wines, Spirits & Minerals .

SERVICES

We are advised that the pub benefits from all main services electric, water, mains sewage and has GAS central heating. The business rates payable are £8,000 per annum.

THE BUSINESS

Our client has been running the business since 2004 single handed as his partner has had other outside interests. The business has a strong reputation for supporting charities and the passion of its clients for all things sporting. These range through Tug o War, Golf Society, Cricket, Clay Pigeon Shooting courtesy of a local farmer customer, Fishing, Poker, Skittles, traditional pub games such as Darts, Dominoes and Crib and has Football teams and a strong affiliation to local, national and international Rugby. Up to date sales (09) show £376,000 inc vat 95% Wet driven with a Reconstructed Net Profit (after adding back depreciation, personal expenses and an allowance for extra wages occurred due to the single nature of the operator) of £42,000. We believe that this could be further enhanced with a traditional “couple” running the business which would reduce the wage bill along with encouraging extra sales.

WE SUGGEST LOOKING AT THIS BUSINESS AS EARLY AS POSSIBLE DUE TO ITS PROFITABILITY AND STRENGTH OF RETURN ON INVESTMENT

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 Graham Allman who will be delighted to discuss the opportunity with you 7 days a week on 07765 251208.

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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