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£60,000

Pub for sale

Skegness Road,Ingoldmells

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Pub
0 bedroom
0 bathroom

Property features

  • Leasehold Business Opportunity For Sale
  • Recently Extensively Refurbished, Beer Tie Only 'Bar & Diner' premises
  • Close to Butlins, Fantasy Island & the Beach
  • Excellent Turnover Potential
  • 3 Bedroom Owners Accommodation
  • Large First Floor Function Room with Bar
  • For Sale due to Retirement
  • EPC Rating: D

Property description

Leasehold Business Opportunity For Sale - Recently extensively refurbished, beer tie only 'Bar & Diner' premises situated in a great location in the heart of the east coast holiday industry. The property is situated close to Butlins and Fantasy Island and has been traditionally operated for 8 months of the year during the busiest part of the holiday season (March to November). Excellent turnover potential. Large first floor Function Room with Bar. Outdoor seating areas, ample parking, 3 bedroom owners accommodation included.

Accommodation:

Entrance Porch

Bar & Dining Area - 37' 8'' x 22' (11.47m x 6.70m)

Dining Room - 30' x 20' 4'' (9.14m x 6.19m)

Veranda Seating Area - 34' x 8' 3'' (10.36m x 2.51m)

Conservatory - 13' 10'' x 13' 2'' (4.21m x 4.01m)

Ladies & Gents Toilet Facilities

Disabled Toilet

Preparation Area - 10' 5'' x 13' 4'' (3.17m x 4.06m)

Kitchen - 17' x 16' (5.18m x 4.87m)
Note: Kitchen equipment and appliances are included in the sale comprising:- Cooker, Fryer, Griddle, Microwave, Dishwasher, Glasswasher, Chiller & stainless steel tables.

External Compound Storage Area
Situated to the rear of the kitchen together with outbuildings to include:-

Boiler Room
Housing the electric central heating boiler.

Storage Room/Freezer Rooms - 13' 6'' x 13' (4.11m x 3.96m)
plus 13' 6'' x 6' 4'' (4.11m x 1.93m)

Cellar Area - 21' 9'' x 13' 9'' (6.62m x 4.19m)

Overspill Kitchen Area - 10' 7'' x 9' 5'' (3.22m x 2.87m)

First Floor Function Room - 30' x 21' 4'' (9.14m x 6.50m)
Fire escape, recess servery/bar.

Unisex Toilet

First Floor Residential Accommodation:
Comprising of:

Landing
With radiator, walk-in storage cupboard, fire escape.

Lounge - 16' x 9' 9'' (4.87m x 2.97m)
With radiator.

Kitchen - 11' x 9' (3.35m x 2.74m)
Newly fitted with a modern range of base and wall units with worksurfaces, stainless steel single drainer sink units.

Bedroom 1 - 13' x 12' 5'' (3.96m x 3.78m)

Bedroom 2 - 8' 9'' x 9' (2.66m x 2.74m)

Bedroom 3 / Office - 10' 2'' x 11' 9'' (3.10m x 3.58m)

Bathroom - 10' 4'' x 8' 7'' (3.15m x 2.61m)
Newly fitted comprising panelled bath with shower over, low level wc suite, pedestal wash basin.

Outside:
To the side of the property there is an external covered area providing additional seating area.

Carpark:
There are extensive carparks to the front and rear of the property.

Tenure:
The property is let on a rolling lease for a term of 10 years from 25/02/14 at an annual rent of £44,577 per annum plus vat. For sale, subject to the assignment of the lease and satisfactory references. Landlords: Hawthorn Leisure.

Accounts/Turnover:
Accounts can be made available to bonafide purchasers who have viewed the premises. The turnover is in excess of £500,000 (approximately 70% food & 30% wet sales). The property has been closed since the beginning of 2020 due to refurbishment.

Viewing:
Viewing is strictly and only by prior appointment through the agents Skegness office, [use Contact Agent Button].

Rateable Value:
£17,000.

Local Authority:
Council Tax Band 'A' (owner's accommodation) payable to Local Authority: East Lindsey District Council, Tedder Hall, Manby Park, Louth, Lincs, LN11 8UP. [use Contact Agent Button].

Property information from this agent

  • Full Details
    1. Willsons

      Willsons - Skegness

      16 Algitha Road Skegness, Lincolnshire PE25 2AG

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      Willsons is an independent firm of property professionals proudly celebrating 175 years of practising in eastern Lincolnshire with offices in Alford and Skegness.   We pride ourselves on being able to deliver a quality service to our clients with   a personal touch.  Our areas of expertise are:   ESTATE AGENCY We provide a professional yet highly personal service and enjoy a proven track record in the sale of all types of properties across our region from the Wolds to the sea.   LETTINGS AND PROPERTY MANAGEMENT Our Rental Department undertakes the letting and management of a wide range of properties and are able to offer a complete service so that you can relax knowing that your investment property is being properly managed. VALUATIONS As a firm of Chartered Surveyors, we have qualified valuers who can undertake the valuation of a wide variety of residential and agricultural properties for various purposes including for matrimonial and probate matters as well as RICS Red Book valuations. AUCTIONS Take advantage of competitive bidding; our auctioneers will advise you how to achieve the best result whether it be property, livestock, farm machinery and equipment.  Willsons hold regular auctions of furniture, effects & antiques at Well near Alford. LAND AGENCY & AGRICULTURE Willsons are members of the Royal Institute of Chartered Surveyors and the Central Association of Agricultural Valuers “Professionals in the Countryside” with a dedicated team servicing the agricultural community in all areas of business.   Quality through experience

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