FOR SALE
644697
87404 / Rightbiz
Two attractive character trading areas (80 )
Three bedroom owners accommodation
Outstanding gardens including converted Brew House providing:
Games room & function facilities
T/O £440,000 p a net of VAT (prior to closure)
The delightful village of Eardisley stands in northwest Herefordshire on the famed “Black & White” Village Trail in the heart of the Wye Valley. It stands in the lee of the Black Mountains and the pub has views over these rugged mountain ranges from its gardens. The village stands on the A4111 which carries traffic between Hereford and the Welsh coast at Aberystwyth. The village is some 5 miles south of Kington, 7 from Hay on Wye, 13 from Leominster and 15 from Hereford.
The Tram Inn stands at the very centre of the village adjacent to a shop, Post Office and another licensed premises which is additionally a tearoom and bookshop. The Tram Inn is set back from the main road with a large draw on car park which is often used by the villagers as it is very much the community focal point. It is a Tudor style property which dates back to the 17th century with a more modern Georgian extension to one end. The property is Grade ll listed. It has a wealth of period charm and character and one of the best beer gardens in the county.
This is a beautifully presented property, well operated with a high level of turnover. It is briefly described as follows:
TRADE AREAS
GROUND FLOOR
The MAIN BAR is a room of immense quality and character having a mixture of stone flagged quarry tile and boarded floor, heavily beamed ceiling and exposed beam, brick and stone walls. There is part raised fireplace with cast iron solid fuel burner installed and assorted traditional seating including pews, settles and loose chairs for a total of 30 customers. ‘L’ shaped Bar Servery which has panelled frontage. The RESTAURANT is another quality room with boarded floor, loose carpets, part panelled walls, counter from Central Bar Servery and open fireplace again having a cast iron solid fuel burner installed. There is traditional dark stained seating throughout, currently arranged for 36 diners.
A set of LADIES’ and GENTLEMEN’S CUSTOMER TOILETS with the Gents approached from an external access. The toilets are contemporary and have recently been reappointed.
CATERING KITCHEN having Altro nonslip flooring, fully sealed walls, four section ceiling fitted galvanised extraction canopy and comprehensive selection of stainless steel catering effects (many of which have been acquired within the last twelve months) and work surfaces. Access through to PREPARATION ROOM, again being well appointed with quarry tile floor and walk in DRY STORE adjacent. In a STABLE BUILDING which is adjacent to the kitchen is considerable further storage. The room is sectioned with separate contained DRY STORE and FREEZER ROOM as well as walk in COLDROOM.
OWNERS ACCOMMODATION
FIRST FLOOR
BEDROOM 1, double. BEDROOM 2, double. BEDROOM 3, master bedroom having feature Art Deco enamel tiled fireplace. BATHROOM with modern suite, wash hand basin, WC, shower and freestanding bath. This bathroom has heavily beamed ceiling and walls and nonslip flooring. OFFICE. Large DOMESTIC LOUNGE.
BREW HOUSE
To the rear of the property is a former BREW HOUSE which has been converted into a GAMES ROOM. It has separate external access and boarded floor, assorted traditional seating and vaulted ceiling. The Brew House currently houses a pool table which can be covered when the room is used for functions. There are five sectioned retractable glazed doors on runners which allow one side of the Brew House to be completely opened out, leading onto a stone paved patio covered by a high quality pergola constructed by the renowned Border Oak Design & Construction Company. This can be utilised for separate functions or just as an outstanding external trading facility. It forms part of the garden areas which are a feature of the pub, the plot extending to 0.45 of an acre.
EXTERNAL
Enclosed PRIVATE GARDEN/COMPOUND which is part brick paved and part lawned and utilised by our clients’ young family as well as for other storage including the main wood store.
Extensive lawned TRADE GARDEN with ‘A’ frame picnic style bench seats, four separate petanque pistes, brick built barbecue area and raised pond.
To the front of the property is a good size draw on CAR PARK with space for 20 vehicles.
The Tram Inn has been operated by the existing owners since March 2018. However, some three years ago they decided to close the business. Takings prior to Covid amounted to £440,000 net of VAT, split 70% food sales and 30% wet sales. The Covid pandemic affected trading patterns and shortly afterwards they decided to close altogether and concentrate on their other careers. Prior to their purchase, the pub had been in the hands of their predecessors for eight years, during which period it also traded extremely well, at an even higher figure than our clients achieved. Accounts for the year ended 30 September 2016 showed takings net of VAT of £475,000.
FREEHOLD £425,000 to include fixtures, fittings and goodwill. Stock at valuation in addition.
No direct approach to be made to the business, with all communications directed through Sidney Phillips. Viewing strictly by appointment only.
OR ALTERNATIVELY:
LEASEHOLD - £30,000 Furnished Let.
TERM - Six years.
LANDLORD & TENANT ACT 1954 - Inside Part II Landlord & Tenant Act 1954.
ASSIGNABILITY - Non assignable.
DEPOSIT - A deposit equivalent to three months' rent in advance.
RENT - £28,000 per annum, paid monthly in advance.
RENT REVIEW - Subject to rent reviews every third year of the term.
REPAIR LIABILITY - Full repairing and insuring lease agreement.
INVENTORY - The Landlord will retain ownership of the trade fixtures and fittings, maintenance and repair will be the responsibility of the Tenant.
TIE - Free of all trade ties.
INSURANCE - The Landlord will insure the building, the cost of which will be charged to the Tenant by way of an Insurance Rent.
Under the terms of the Premises Licence the business is permitted to retail alcohol between the hours of 11:00 and 23:30 Monday through to Thursday, 11:00 and 00:30 on Fridays and Saturdays, 12:00 and 22:30 on Sundays.
Mains electricity, water and sewage are connected. LPG gas tank. Gas fired central heating.
Local Authority: Herefordshire Council, Plough Lane, Hereford, HR4 0LE
Telephone: 01432 260000
Rateable Value: £11,500
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.
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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.
Send a test amount before you consider handing over a large amount of funds. Maybe even try transferring £1, and then speaking to your solicitor to confirm receipt.
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.
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.
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.'.
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.
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.
Be safe, use a Rightbiz Solicitor
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.
Don't share confidential information with any private sellers, including your home address, account passwords, bank accounts and credit card information.
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.
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.
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.
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.
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.'.
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.
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.
Be safe, use a Rightbiz Solicitor
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