For Sale the Queen Matilda Country Inn and Rooms
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FOR SALE THE QUEEN MATILDA COUNTRY INN AND ROOMS STAR LANE, AVENING, NR TETBURY, GLOUCESTERSHIRE GL8 8NT £595,000 – Freehold QUEEN MATILDA COUNTRY INN AND ROOMS - STAR LANE, AVENING, TETBURY, GLOUCESTERSHIRE GL8 8NT SUMMARY • Beautifully presented three letting bedroom pub nearTetbury • Circa 50 covers and hugely characterful public areas • Five day evening only trade plus Sunday lunch • Very profitable trade • £625,000 Freehold INTRODUCTION Queen Matilda opened to trade in October that year. Work continued, and in July 2016 three super letting bedrooms began to let, considerably adding to the bottom line. Our clients have You know when you walk into a pub and think – “this is just great“? The Queen Matilda has decided they would like to retire and spend more time with their family. This decision gives a that effect because behind the handsome, but unremarkable, front elevation there is one of fantastic opening to either continue the limited opening hours or to build trade up to a much the most inviting interiors you can imagine where a carefully chosen miscellany of tables higher level - something that this lovely pub could certainly achieve. and chairs perfectly sits in a characterful interior with three fireplaces including two of the largest and most arresting you can imagine. The joy of the Queen Matilda does not stop there, because for owners there is fabulous accommodation including a huge kitchen diner, superb living room plus 3 bedrooms and a bathroom. Further significant income potential is found in three beautifully appointed letting bedrooms and there is planning permission for the creation of two more on the large site. All in all quite the complete package, plus deliberately limited current trade, while generating excellent profits, gives enormous potential for even more. LOCATION The Queen Matilda has a prominent position on the major road junction in the pretty Cotswold village of Avening. The village is a large one, supporting a primary school for example, and is conveniently located between Stroud to the north and Tetbury to the south. A proper community, not one of the “holiday home“ villages that do exist in the region, it offers a catchment population from Avening itself and the surrounding towns and villages as well as visitors and business trade too. Avening is also home to Princess Anne’s Gatcombe Park and its famous horse trials. Our clients bought something of a dilapidated building when they acquired it in July 2014 then called The Cross. Major work was undertaken, they advise, to include roof, electrics and plumbing as well as the cosmetic work to create the stunning pub environment and the QUEEN MATILDA COUNTRY INN AND ROOMS - STAR LANE, AVENING, TETBURY, GLOUCESTERSHIRE GL8 8NT THE PROPERTY The property is believed to date from the 1600’s with later The remainder of the owners’ accommodation comprises additions and is constructed of mellow Cotswold stone study, three double bedrooms (one with walk in wardrobe) beneath a stone slate covered roof. The car park side and large, newly built bathroom with bath and separate elevation is attractively clad in cedar natural timber. Accommodation is arranged on basement, ground and first shower. There is excellent attic storage accessed from a floors with attics. The Queen Matilda is not a listed permanent staircase. building. SERVICE AREAS PUBLIC AREAS Commercial kitchen with dishwasher, double oven, single The business has three trading areas that together oven, fryer, extraction large double stainless 4 door accommodate approximately 50 covers. As well as the freezer, triple door fridge with worktop and two upright attractive timber bar servery and the huge fire places the stainless fridges. whole space has a most inviting and pleasing ambience. OUTSIDE LETTING BEDROOMS There are picnic sets to the front to capture the evening There are three double beds in bedrooms each with en sun. To the rear is an extensive , surfaced, car par, suite shower room. The beautifully presented with quality another pretty garden with seating for guests and lovely fittings, engineered oak flooring with underfloor heating, views over the valley, a private patio leading to the flat flat screen tv’s and luxury showers. above and a further enormous garden with orchard of plum, apple and pear trees and large chicken house. In OWNERS’ ACCOMMODATION total approximately 0.75 acres. A wooden door at the end The size and quality of the accommodation for resident of the garden leads into Mays Lane. owners is one of the strongest features of the Queen SERVICES Matilda. Cotswold District Council at Cirencester. Tel:01285 There is a private access at the rear of the property (as 623000 well as internal access to the trading areas) and the flat Mains electricity, gas, water, drainage. Gas fired heating. comprises a utility room and wc at ground floor, from where a staircase rises to a useful laundry room and then LICENCE through into a quite spectacular and large dining kitchen. Premises licence. Off the kitchen is a lovely sitting room and both these rooms are of a quality rarely seen in pubs having been thoroughly refurbished by our clients. QUEEN MATILDA COUNTRY INN AND ROOMS - STAR LANE, AVENING, TETBURY, GLOUCESTERSHIRE GL8 8NT DEVELOPMENT POTENTIAL Colliers International is able to assist prospective purchasers by introducing sources of finance if required. Planning consent was granted in April 2018 for a detached Whilst we do not charge the buyer for this service, we may single story timber clad building providing two additional receive an introductory commission from the lender or letting bedrooms situated on part of the garden. A builder’s broker involved. quote for £15,000 per bedroom to complete this ready to furnish has been obtained. TO VIEW SERVICES All appointments to view MUST be made through the vendors' agents who are acting with sole selling rights. Mains gas, electricity, water and drainage are supplied to the property. Heating gas fired central heating. DIRECTIONS LICENCE From the centre of Tetbury, which lies on the road Premises licence. connecting the M4 at junction 18 with Cirencester, take the B4014 north to Avening. On dropping down the hill into the WEBSITE village at the sharp left turn, turn right and the Queen https://queenmatildatavern.co.uk/ Matilda will be seen in front of you. The website, although serviceable, does not convey the Nailsworth 3 miles, Tetbury 4, Stroud 7, Cirencester 11, quality of the business and no doubt trade would respond Cheltenham 20 and Bristol 30. positively to an improved presentation and to social media activity. IDENTITY CHECKS TRADE In order to comply with anti-money laundering legislation, the successful purchaser will be required to provide Our clients traded the business in two separate parts up certain identification documents. The required documents until March 2020, one for the pub and the other for will be confirmed to and requested from the successful accommodation. Revenue in the Year ended June 2019 purchaser at the relevant time. was £120,526 from the pub and £51,268 from the rooms with profits of £32,400 and £28,569 respectively. It is anticipated that a purchaser will need to trade under a single business entity. PRICE £595,000 for the benefit of the freehold interest complete with trade contents (subject to inventory and excluding personal items) and goodwill. Stock at valuation. FINANCE QUEEN MATILDA COUNTRY INN AND ROOMS - STAR LANE, AVENING, TETBURY, GLOUCESTERSHIRE GL8 8NT QUEEN MATILDA COUNTRY INN AND ROOMS - STAR LANE, AVENING, TETBURY, GLOUCESTERSHIRE GL8 8NT FURTHER INFORMATION For further information or to arrange an inspection of the property, please contact: Peter Brunt LLB DipLE MRICS Tel: 0117 917 2000 Mob: 07885 096857 Email: [email protected] Colliers International 10 Temple Back Bristol BS1 6FL Disclaimer Colliers International gives notice that these particulars are set out as a general outline only for the guidance of intending Purchasers or Lessees and do not constitute any part of an offer or contract. Details are given without any responsibility and any intending Purchasers, Lessees or Third Party should not rely on them as statements or representations of fact, but must satisfy themselves by inspection or otherwise as to the correctness of each of them. No person employed or engaged by Colliers International has any authority to make any representation or warranty whatsoever in relation to this property. (July 2020) Colliers International is the licensed trading name of Colliers International Business Space UK LLP which is a limited liability partnership registered in England and Wales with registered number OC385143. Our registered office is at 50 George Street, London W1U 7GA. Oct2020 www.colliers.com/uk/hotels.