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Grade II listed pub with letting rooms for sale in Skegness, Lincolnshire

Skegness, Lincolnshire
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Licenced Trade, Pubs & Clubs For Sale in Skegness Photo 1
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  • Freehold: £399,000
  • Turnover: £144,891 (£2,786 per week)
  • Profit: Not Applicable

Business Details

Licenced Trade, Pubs & Clubs For Sale in Skegness

PUBLIC HOUSE WITH LETTING ROOMS in Skegness for Sale.

Ernest Wilson are delighted to bring to market this charming Grade II listed public house with letting rooms set in the heart of this quaint Lincolnshire village on the outskirts of Chapel Saint Leonards and Skegness. Annual Turnover £144,891. The business enjoys a solid year round trade from the local community which is boosted during the season when thousands of holiday makers descend on the region. The business is operated by our husband and wife team in sensible hours over seven days with the assistance of a reliable and long-standing part-time member of staff. Our clients have operated the business since 2012 during which time the premises have undergone an extensive refurbishment throughout at great expense and really must be seen to be appreciated. Our clients are now seeking a well-earned retirement.

The substantial freehold premises occupy a prime trading position in the heart of this charming village comprising:
Ground floor bar lounge with 40 covers together with pool table and dartboard, kitchen and storeroom, beer cellar, ladies and gents WC.
The first letting room comprises large double bedroom with en-suite known as The Old Lounge.
Stairway access to the first floor and the second letting room / apartment known as The Old Function Room, comprising two double bedrooms en-suite with separate bath and open plan kitchen diner and lounge.
To the rear of the pub is the third letting room known as The Cabin, comprising one double bedroom with en-suite.
To the first floor above the owners double garage is the fourth letting room known as The Conkera. This comprises double bedroom and en-suite shower.
The owners accommodation / additional holiday let is situated above the bar and comprises lounge kitchen diner two double bedrooms two bathrooms and a roof terrace. The owner’s double garage offers additional potential for conversion into a further holiday let (subject to any necessary consents). There is planning permission in place to build a further four apartments in total.
Externally is a customer car park for eight vehicles together with the owners private driveway with space for an additional five vehicles, substantial beer garden providing additional covers. Bin store and enclosed gas tank.
Our clients live in a property immediately adjacent to a public house which may also be available by separate negotiation if so required. Our clients do not pay Business Rates as the rateable value is below £12,000 (rate relief scheme for coastal areas), however we urge all buyers to conduct their own due diligence to see if this will be the case for yourself. EPC Band C.
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Do not pay any deposit to private sellers upfront. If you are looking to purchase a business, we advise that any deposits or transactions made are through a solicitor to prevent fraudulent activities from occuring.

Stay Safe

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.

Stay Safe

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. Reset your password now.'.

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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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