North Wales Historic Coaching Inn Hotel, Bar & Restaurant Leasehold for Sale

Undisclosed, Denbighshire

Status

FOR SALE

Date Submitted:

14/10/19

Advert ID

250761
Leasehold: £25,000
Annual Rent: £36,400
Annual Turnover: Available upon request
Annual Net Profit: Available upon request

Leasehold Businesses for sale.

Historic 16th Century Coaching Inn.
Busy Town Centre Location.
“Olde Worlde” Lounge Bar and Restaurant – seating for circa 80pax.
Separate Large Function Facility for circa 200pax.
Eleven Well Appointed Letting Bedrooms.
Staff Accommodation and Parking.
Available on Private Free of Tie Lease.
INGOING DEPOSIT - £25,000


THE BUSINESS.
The business currently trades as a quality coaching inn to the many visitors of the Denbighshire region of North Wales. It enjoys an excellent levels of corporate clients during the week with tourists at the weekend.

Holds consistently high reviews through trip advisor – holding the “Hall of Fame” award having maintained the “certificate of excellence” for the past five consecutive years running, with ratings above 4/5 for the full duration. Approximately only 10% of businesses listed on TripAdvisor receive the Certificate of Excellence, with an even fewer percentage managing to maintain this for a five year period to be enlisted into the Hall of Fame. Additional to this, the business holds a 4star rating in the AA guide of Inns. This ensures consistent and near full capacity of let room bookings and repeat ongoing custom.

Current food and beverage trading hours are between the hours of 4.00 pm until 11.00 pm Monday to Saturdays, with the rooms being offered seven days a week and guest breakfast services offered six days a week.

The majority of the business and main focus is derived from the accommodation and the tenants accounts are expected to show sales in the region of £180,000 for the last financial year.

There is undoubted scope for new operators to increase the level of trade of the food and beverage element of the business with the present tenant trading the bar and restaurant on limited hours and especially that of functions for which is has a designated facility which is not used to its full potential.

SURROUNDING AREA LOCATION.
The 11 Bedroom, Historic 16th Century Coaching Inn, is located within a prominent North Wales Medieval Market Town, attracting much tourism during the summer months and enjoys excellent views over the Vale of Clwyd and the Clwydian Range, this being a designated area of outstanding natural beauty and excellent base for exploring the picturesque Denbighshire and nearby attractions such as Llangollen, Snowdonia National Park and the North Wales coastline.

PREMISES.
The premises is a Grade II style listed 16th Century Coaching Inn, at the heart of the town centre and is a substantial property that has been appointed to a very good standard, having been well maintained and renovated over the past years. There is little further investment required other than the day to day maintenance and it currently offers “Olde Worlde” trading areas with its lounge bar and separate restaurant area. It also provides a self contained function unit for 200 pax. with an adjoining reception/overspill for the function area.

The main Entrance of the property being a Double Door Front Entrance leading into large Open Plan 'L' shaped Trading Area of immense character having high and partially beamed ceiling, partially exposed stone and exposed beamed walls. Stripped wood floor to the main with mosaic tiling to bar. The room has an eclectic mix of tables chairs and bench seats for approximately 50 customers seated with ample room for many more standing. Two feature fireplaces. The room is arranged a central ornate wood panel fronted Bar area with marble work surface.

Dining Room/Breakfast Room again of immense character having partially exposed.
Beamed ceiling, wood panelled walls and stripped wood floor. Two feature fireplaces (one working). Dining chairs and tables for additional 30 customers.

Access from behind bar to small wash-up.

Catering Kitchen of excellent size with non slip floor, UPVC and stainless steel clad walls, extraction hood, walk-in chiller. Good selection of commercial catering effects and equipment.

Large double door entrance from the rear of the property into large Hotel Reception which also doubles as a Meeting/Function Room being a room of considerable character with vaulted ceiling having window lights and glazed aspect. Stone tiled floor, seating for approximately 24.

Hotel Reception and Featured Well. Steps up to Snug Area leading off having beamed ceiling, carpeted floor, additional seating for ten.

Function Room of excellent size having stone and quarry tiled floor throughout. Wood panel fronted bar counter. The room can accommodate up to 120 seated and up to 300 non seated.

Notes: The function suite at the rear of the property is serviced separately from the main hotel and also CCTV camera so can be completely shut off when not in operation, saving on operating costs.

BASEMENT: Two separate cellars. One being used as storage with staff WC. One being a Beer Cellar.


FIRST & SECOND FLOOR.
Ladies and Gentlemen's Toilets for use with ground floor lounge bar.

Large Boiler Room.
Note: In the boiler room there are three separate boilers for all floors, thus they can all be switched on and off as needed and.
Save on operating costs when trade is confined to certain floors.

Eleven well maintained, furnished and appointed bedrooms.


TENURE & PRICE.
INGOING DEPOSIT £25,000 to include fixtures, fittings and goodwill. Stock at valuation in addition.

LEASE TERMS.
Three year negotiable furnished let to be contracted out of sections 24 through to 28 of the 1954
Landlord & Tenant Act.

REPAIR.
Full Repair and Insure basis.

RENT.
£36,400 per annum. Exclusive of VAT. Paid monthly in advance.

DEPOSIT.
£25,000 to be lodged with the freeholder. On termination of the lease provided that the tenants repair and maintenance covenants have been adhered to and there are no other outstanding liabilities or excessive ware to the trade inventory, fixtures and fittings, the deposit will be returned to the tenant.

TIE.
The agreement is to be free of any trading tie.

SERVICES.
All mains services are connected.

LICENCE.
A Premises Licence is held.

Viewing to be made by appointment.
Please Contact - Matthew.

 

Key Features
  • Attractive Business
  • Established Business
  • With Car Park
  • Fully Fitted
  • Prime Location
  • New Lease
  • Free of Tie Leasehold
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