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Freehold Public House Leicestershire

Loughborough, Leicestershire
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  • Freehold: £430,000
  • Turnover: Not Applicable
  • Net Profit: Not Applicable
    'The Storey Arms' - Free of Tie

    Highly Sought After Rural Village Location

    Currently Closed

    Viewing By Appointment

    High Local Demand to Re-Open Pub

    Opportunity to Introduce Menu

    Great Location - Lifestyle Business

    Current Owner Retired

    EPC - D

Description:
REF 5716 – Freehold Public House
Blacks Business Brokers are pleased to bring to the market this freehold property located in the much sought-after village of Osgathorpe in Northwest Leicestershire 4 miles south west of East Midlands Airport close to the University Town of Loughborough and the Market Towns of Ashby and Coalville


INTRODUCTION
Previously run as 'The Storey Arms' has traded since Victorian times and may have done so earlier it was associated with a farm until the late 1950's when the land was sold off. In the 1980's additional land was acquired allowing the outbuilding to be developed as an extension of the pub for occupation by employees. The previous owners on sale of the Storey retained the cottage and lived there selling it 10 years ago.

The present joint owners acquired the Storey in 1994 as a spacious property a replica of the previous living experience and in support of a family business interests. It also provided for the none driving joint owner an opportunity to extend the 24 years’ experience enjoyed in the licensing trade with the minimum of travelling.


LOCATION
Osgathorpe is a desirable leafy village in Northwest Leicestershire set in a vale with rising ground to the N/W and S/E and a stream running through the village S/W to N/E a tributary of the River Soar. The village lies 8 miles West of the University Town of Loughborough 4 mile East of the market town of Ashby del a Zouch and 4 miles North of Coalville. The Storey Arms is positioned on the corner of Main Street and Meadow Lane with the village of approximately 130 properties extending to the North and along the stream vale to the N/East a new development of 16 properties are currently being erected on the Northern boundary. The village is served on the north side by the A 5324 and in the South by the A 512, ½ a mile away, both roads are Loughborough to Ashby.


BUILDING LAYOUT AND DESIGN
The business is housed within a large and impressive two storey, detached property on a spacious corner plot. Inside, the business is presented well with traditional pub feel and décor. The public bar with seating for 28 and having a pool table and cosy snugs for seating and socializing. The lounge bar offers seating for a further 36 and is again, presented traditionally with carpet throughout and open fireplaces to both bar and lounge. The property benefits from a ground water cooled beer cellar, inside customer toilets and kitchen come storeroom.
To the rear is a plastic roof covered area opening out on to the car park useful for semi outdoor activities under which the beer festival is held each year it is also used for storage of community used equipment. Adjacent to this and the building is a car park offering space for around 20 cars beyond is the lawn and adjacent field where further land is available for additional car parking by negotiation.


On the first floor is the owners accommodation of 1330 sq.ft, approximately, comprising of three good size double bedrooms kitchen large bathroom/utility and open plan lounge/dining room, a further large double bed size room is used as an office/storage facility. All areas are reasonably tidy, if a little tired but are well presented with various renovation currently being undertaken.


SUMMARY
There is much scope to develop the business further with a food service concept with potential to construct an extension to the rear to expand the floor space there is also scope for expansion into possible bed and breakfast, which is very much in demand in the area with a first and even 2nd floor development this proposition may be of interest to a similar business or large chain looking for opportunity in this area of Loughborough or a developer looking for such a building for other business opportunity, additional land is available. Or for someone who is seeking a large home with considerable potential. Early viewings are strongly advised.

Opening Hours:
Run on short hours 20 - 25 hours a week over 7 days


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Don't share confidential information with any private sellers, including your home address, account passwords, bank accounts and credit card information.

Stay Safe

The vast majority of these scams involve the transfer of substantial sums of money. We advise all transactions made are through a solicitor to prevent fraudulent activities from occuring.

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Send a test amount before you consider handing over a large number of funds. Maybe even try transferring £1, and then speaking to your solicitor to confirm receipt.

Stay Safe

Do not disclose proof of funds directly to the sellers. If the sellers request you to show proof of funds, we advise that it is done through a solicitor to prevent fraudulent activities from occuring.

Stay Safe

Buying a business is not covered by consumer rights legislation. It is your responsibility to acquire a business that holds up in quality and agreement.

Stay Safe

Fraudsters will typically use false news in an attempt to get you to act quickly. For example, 'Your account has been disabled. Rest your password now.'.

Stay Safe

Review the performance of a business to make appropriate financial projections. Some businesses are dormant or not trading, so it is essential to check their short and long-term potential.

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Legitimate emails from Rightbiz will be with the domain @rightbiz.co.uk. However, emails from [email protected], [email protected] or [email protected] are not affiliated with Rightbiz.

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