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ALBURY HERTS

UNOPPOSED FOODIE VILLAGE PUB SET ON 2½ ACRES OF RURAL EAST HERTFORDSHIRE

Ref: G4714L

£129,000

101-200
(Proof of finance or credit line will be required.)

“GOLD STANDARD” OF FOOD DRIVEN VILLAGE PUBS LOCATED UNOPPOSED IN THE AFFLUENT VILLAGE OF ALBURY, RURAL EAST HERTFORDSHIRE CLOSE STANSTED AIRPORT & LONDON

PRIME LOCATION QUALITY ENGLISH COUNTRY TAVERN OFFERED BY WAY OF A LEASE ASSIGNMENT AT £129,000 TO INCLUDE FIXTURES AND FITTINGS, GOODWILL PLUS S.A.V.

  • Quality sales of £466,761 inc vat – 25% Wet 75% Dry – limited openings
    
* Immaculate luxurious bar (20+) comfortable spacious Dining (70c) excellent kitchens
  • Set upon 2½ acres inc paddock, 2 patios (50&30) lawn beer garden – parking (75)

  • Generous 2/3 bed owners accommodation with private access.

  • Well healed local professional “city types” and “air crews” customer base

  • 20 year Landlord and tenant protected lease fully renewable at no further cost – sensible rent



LOCATION (SG11 2LW)

With the river Ash trickling though the lower valley ALBURY is made up of 5 hamlets with GRAVESEND being one of them with its magnificent 13th Cent Church of St Mary and Patmore Heath, a site of special scientific interest. Truly a most special area which is quintessentially English with tight country roads running through the villages and hamlets splashing through sparkling fords mincing around and into hamlets with thatched roofed medieval homes and half timbered residents which have become a highly desirable locale for “city types” and air crews from local Stansted London Airport which is a few minutes away and The City of London, Liverpool Station is only 30 minutes away, 23 million passengers passed through the airport last year on 44 carrier airlines. There has been a settlement here from before The Conquest and is mentioned within the Domesday Book of 1086 which historically belonged to The Bishop of London. Albury Hall and Estate covers some 1400 acres of undulating well wooded countryside and is set within its own deer park, however only footings and foundations remain to open view. The Hutchin Family famed for the book “We ploughed the fields….and scattered” resided within the village. The village lies to the east of Saffron Waldon with the M11 and West of Baldock and the A1(M). From the A120 at Little Hadham follow the signs to Albury. The 5 hamlets are accessed from the B1368 B1038 B1383.

PROPERTY DESCRIPTION

The original building which was a Thatched roof was decimated by a fire in October 2004 and has been sympathetically reconstructed to a high spec of brick and wood cladding, now with a tiled roof. The property sits on a total site of circa 2½ acres to the heart of the Hamlet of Gravesend, one of 5 such “chocolate box” hamlet’s making up Albury. Luxuriously furnished through out there is a LOUNGE BAR (20+) furnished with fixed seating and quality leather backed chairs set on a stripped reclaimed Old Oak floor with a stunning and sparkling BAR SERVERY of T&G wood construction with polished counter, housing the REAL ALE WICKETS and Bright Ale pumps, high stools are set to the front. BEER CELLAR is “roll in” on the ground floor behind the servery. DINING ROOM (70c) directly through from the bar is furnished to the same exacting standard and spaciously laid out having double doors leading to a rear patio used for BBQ’s and “al fresco” dining. CATERING KITCHEN, professionally designed and equipped to a high standard with “serious” s/s units. TOILETS as expected are of immaculate finish including disabled facilities and baby changing.

OWNERS ACCOMMODATION

The high standard owner’s accommodation comprises of 2 double bedrooms, Lounge, 2 bathrooms, office & fully fitted modern kitchen. (Lounge could be converted to another bedroom)

EXTERNALS

The property has parking for 75 vehicles, 2 patios (50 & 30) with timber benches and umbrellas set on a slate floor, a large grassed beer garden (300) which leads to a fenced paddock which could be used for caravans and camping (subject to P.P’s). There is also plenty of room for further development of the site by adding a bedrooms block (subject to P.P’s) in the style of stabling. With London’s Stansted Airport being just minutes away this is an obvious opportunity waiting to happen.

PREMISES LICENSES

The premises license allows opening of 10.00hrs till 12 midnight all week. The business trades on restricted hours of 12noon till 15.00 hrs then 18.00 hrs till 23.00 hrs Monday through Saturday with Sunday 12 noon till 18.00 hrs then closed. Plenty of opportunity to take the business further. 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 20 year lease commencing 2007 from PUNCH TAVERNS, fully protected by the Landlord & Tenant Act and fully renewable at no further cost – current rent is an affordable and realistic £35,000 (9% rent to net sales).

SERVICES

We are advised that the pub benefits from main services electric, water, mains sewage and LPG cooking and heating.. The business rates payable are £14,500 per annum.

THE BUSINESS

Our client has been running the business since 2007 single handed and has another non-competitive business that he wishes to concentrate upon. The business has a strong well deserved reputation with a well healed high spending client base ranging from 25 to 70+ and does not discount its products. Recorded sales for 2009 confirm a figure of £466,761 inc vat 25% Wet to 75% Dry with an overall declared 54% GP. Reconstructed Net Profits of £53,000 are available (after exceptional and personal expenses) however with a traditional couple/partners running the business a return of 20% would be expected i.e. £80,000 and by taking advantage of the available trading hours currently unused sales could grow to £600,000 plus with a net Profit of above £100,000 having lived free (subject to Inland Revenue accounting rules) that is close to £2,000 per week having run delightful business within a most outstanding locale. Add to this the possible cash generated by utilising the paddock area then the overall potential is huge.

THE STRENGTH OF THIS BUSINESS AND DESIRABILITY OF ITS SITUATION MAKES THIS A COMPELLING OPPORTUNITY WORTHY OF SERIOUS CONSIDERATION

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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