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AGENT'S DETAILS


Luxborough - Free-of-tie Pub Inn to Rent

Guide price: POA|6254 Sq Ft|Leisure Property, Pubs/Bars/Clubs, Restaurant/Cafes, Licensed & Leisure

PROPERTY DETAILS

SIZE6254 Sq Ft
ADDRESSThe Royal Oak Inn, Luxborough, Somerset TA23 0SH
TYPELeisure Property, Pubs/Bars/Clubs, Restaurant/Cafes, Licensed & Leisure
TENUREUnder Offer
POSTED ON19th August 2020

DESCRIPTION

Property Features:
Beautiful stone village inn and restaurant with 9 letting bedrooms and separate owner's accommodation
VAT is NOT applicable to this property
Total size of 581 sq m (6,254 sq ft)
Rated 4.5 or higher on Google Maps, Trip Advisor, Booking.com and Facebook.
Many improvements done over the last 7 years
Pub comes fully furnished without charge for using the equipment and furniture
Available: 4th September 2020
Located in the stunning Exmoor National Park

Property Description:
The property comprises large trade area (30ppl), lounge bar/dining area (45ppl), separate dining room (25ppl), commercial catering kitchen, large front riverside beer garden and rear enclosed courtyard which allows seating for another 70 people. The property has owner’s accommodation with 2 en-suite double bedrooms and a lounge and letting accommodation with 9 individual letting rooms ranging from master suites to standard doubles. Accommodation rates were achieving £80 - £140 per night.

Pub comes fully furnished (mostly as you see in the photos) and these are to remain as the landlord's belongings. The landlord does not charge for the usage of the furnishings/equipment.

Turnover year-end Feb 2020 is reported as £384,000. Trade split of 40% Wet, 40% Food, 20% Letting. Was operating up until lockdown.

Location:
This pub is conveniently located just inside the beautiful Exmoor National Park in Somerset, in the village of Luxborough. This village has easy access and sees scores of people coming to the area year-round to enjoy everything the park has to offer. The village has a hunting party business that operates in the autumn, bringing in guests. There is great hiking in the surrounding area attracting guests year-round.

Terms:
Available on a new lease with terms to be agreed by negotiation
Rent: £750 per week (PCM: £3,250)

Business Rates:
Business rates - £23,500
Note that this is not rates payable. No business rates 2020, and normally with 1/3 rates discount, rates payable should be circa under £8,000.

EPC:
The property benefits from a C Rating. Certificate and further details available on request.

LOCATION

Location: The Royal Oak Inn, Luxborough, Somerset TA23 0SH
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