Leasehold Public House & Restaurant Located In Warwick

Leasehold Public House & Restaurant Located In Warwick
Three Bedroom Accommodation Above
Free Of Tie
Ref 2848

Location
This respected Public House is located in the historic town of Warwick which is one of Warwickshire’s popular tourist hotspots. It’s sits within a prominent and highly visible trading position on Emscote Road and adjoining Charles Street. The town offers plenty of retail shops, bars and restaurants and attracts many visitors due to Warwick Castle & Warwick Racecourse. Within easy reach you have Royal Leamington Spa (2.4 miles), Stratford Upon Avon (10.7 miles), Coventry (11 miles) and the M40 motorway (3 miles) which gives easy access to all motorway networks.

Asking Price: £49,950 plus SAV (£2,500)

Business Description
Veritas Business Sales are delighted to offer for sale this established Public House which is located in the highly desirable and affluent town of Warwick. The property has been a watering hole since 1833 and has been in the hands of the current owners for the past 6 years and is now being offered for sale due to personal reasons.
Since ownership the property has been kept in good order and comes with plenty of catering equipment along with fixtures and fittings which are all bought and paid for and included within the sale price, which is a huge plus for a new owner as additional funds will not need to spent for some time. The Nelson Pub is owner operated and employs the help of 3 part time members of staff and the annual turnover is circa £140,000 inclusive of VAT with a split of wet sales 90% and dry 5%. We are advised that the inn is free of tie, however you must stock 2 draught Heineken products so the vendor serves Amstel & Strongbow.
We believe that the business would flourish from an experienced food based operator to take this to the next level. This is a superb opportunity to purchase an established business with further potential that offers a three bedroom family home above which is a great base to build upon and as such early viewing is highly recommended.

Opening Times
Monday – 3:00pm – 9:00pm
Tuesday & Wednesday – 3:00pm – 10:00pm
Thursday – 3:00pm – 11:00pm
Friday & Saturday – 12:00pm – 1.00am
Sunday – 12:00pm – 11.00pm

Leasehold
Lease term: 10 years (Star Pubs & Bars/Heineken full repairing and insuring, renewable agreement)
Remaining: 9 years 11 months
Rent: £27,200 plus VAT pa
Business rates: zero
Council tax: £1,200 pa

Ground Floor
Front door to hallway.
Bar with seating for circa (30), wall mounted TV, pool table (leased), gaming machine (leased), darts board and bar servery.
Lounge with seating for circa (40), bar servery with 3 hand pull pumps, one 4 tap pump and one 5 tap pump, stainless steel sink drainer, under counter fridge, ice machine (polar), glass washer (Classic Eco), under counter 2 door bottle fridge and cash register and jukebox (leased).
Commercial kitchen comprising: 3 stainless steel work tables, 6 burner range, double deep fat fryer, toaster, microwave (Kenwood), dishwasher, various wall mounted shelving, large upright 2 door fridge (Polar), stainless steel double sink drainer, wash basin, portable metal storage racking, upright freezer, extraction canopy. Door to boiler room with floor safe. Rear hallway.
Gents W/C with urinal, wash basin and wall mounted hand dryer.
Ladies W/C with wash basin and wall mounted hand dryer.

Cellar
Storeroom
Storeroom with racking, washing machine (Zanussi), tumble dryer, couple of fridges and a fridge/freezer.
Main cellar with all the usual requirements and beer drop.

First floor
Double bedroom with en-suite shower and W/C
2 Double bedrooms
Lounge
Kitchen
Bathroom with bath, W/C and wash basin
The property benefits from gas fired central heating

External
Patrons parking for (10). Rear beer garden with a variety of tables (10), outside bar with PA system, and a smoking shelter.

EPC Rating D