George Hotel, Leadenham N-318111 Leasehold
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VIEWING George Hotel Viewing is strictly by appointment only through Fleurets Leeds office. 20 High Street, Leadenham, Lincoln, LOCATION Lincolnshire LN5 0PN Situated at the centre of the attractive and affluent village of Leadenham within the Conservation Area. Positioned on the original junction of the A607 and A17 main roads almost equi distance between the four towns of Leasehold (Part Freehold) Lincoln to the North, Sleaford, Grantham and Newark approximately 10 miles distant. The property faces the village high street with main road £250,000 frontage at the rear. The village boasts a tennis club, a polo club and is in close proximity to RAF Cranwell and Beckingham Army Camp. · Free of Tie public house DESCRIPTION · Bar, lounge & restaurant (60) A three storey stone built property under pitched slate roof covering, probably dated back to the 17th Century and now Grade II listed. · 2 function rooms (80) Extensions to the rear comprise of two storey and single storey stone · 5 e/s letting beds constructions under a mixture of slate and pantile roof coverings. Across · 2 bed private & 4 bed staff accom. the entrance driveway is a detached two storey stone built property under · Patio, gardens & parking pitched tile roof covering containing the function rooms. To the rear is another two storey stone built property being a former barn accommodation used for storage. Surrounding these buildings are a SOLE LETTING RIGHTS combination of patios, parking and gardens. To the rear left is a detached REF: N-318111 two storey building containing the letting accommodation with its own private garden. TRADE First Floor A genuine and reluctant retirement sale, after 45 years of successful Presently comprising of private accommodation with 2 bedrooms, and profitable operation. lounge, bathroom, WC, office and an additional workshop/storage area. This is a business with multiple sources of income. At its core it is a traditional village inn serving a good selection of ales and home cooked food. The two level function facility caters for weddings, private parties and special events. The letting accommodation adds additional business and tourist trade and is well supported by the nearby Army and RAF bases. It is understood that RAF Cranwell is due to double in size in the near future. Residents often elect to dine on the premises adding to overall income levels. If all these elements of business were not enough, the George is also well known for it's extensive collection of almost 700 Whisky's ranging in price up to £500 per shot. This is a really unique selling point and generates additional income from Whisky lovers and clearly has the opportunity to achieve so much more. Over the years the present operators have promoted numerous events and supported local teams. There are 4 Hockey teams, 2 Tennis teams a Pool team and a local Polo Club all based at or who patronise the establishment. There are two primary events that continue to operate, namely the Folk Festival and the Carnival night. This side of the business has not been actively promoted in recent years. Website: www.thegeorgeatleadenham.co.uk TRADE POTENTIAL There are numerous areas in which the business could be further developed including: - converting the private accommodation to create another 5 en suite letting bedrooms, relocating the private accommodation into the staff accommodation on the second floor. The function rooms are under utilised and could be promoted and used more regularly. The unique Whisky collection is hardly promoted at all and could be a real PR opportunity. The Orchard could be utilised in connection with the function rooms to create additional marquis accommodation. The barn could be converted to additional rooms and/or private accommodation and the existing letting rooms in a separate property could be run as a separate account. ACCOMMODATION Ground Floor A traditional and characterful public house operation with intimate layout and a cosy feel. The main entrance leads into a RESTAURANT (60), MAIN BAR and LOUNGE areas both with open log fires. Ancillary accommodation includes fully fitted CATERING KITCHEN, a PREPARATION ROOM, WASH UP area and LADIES AND GENTS customer toilets. Suite 8b, Joseph’s Well, Westgate, Leeds LS3 1AB T 0113 234 0304 F 0113 234 0214 E [email protected] fleurets.com - Our Reference: N-318111 Second Floor LICENCES Currently used as staff accommodation comprising 4 bedrooms, A premises licence prevails, the main licensable activities being: - bathroom and a store. Sale by retail of alcohol for consumption on and off the premises, performance of dance and live music and playing of recorded music. Annex Comprising the stables bar on the ground floor with stone flooring, Monday - Sunday 10.00am to 2.00am exposed timber beams and servery to one end. A staircase leads to an additional function room with stage area, servery and ladies and gents BUSINESS RATES customer toilets. The property is in an area administered by North Kesteven District Council and we are advised that the current Rateable Value is £29,750. Cottage Block The domestic accommodation is within Band A for Council Tax To the rear left hand side comprising 5 en suite letting bedrooms with purposes. flat screen TV's all with Freeview, some with DVD's, tea and coffee making facilities and personal toiletries. There are 4 double rooms and SERVICES one twin room. We are advised that the property benefits from all mains services. External FINANCE & INSURANCE The property offers an attractive patio area regularly used for outside If you would like to take advantage of the knowledge and experience of dining for up to 50-60 covers. The patio is covered by a pergola which a selection of firms who specialise in providing finance and insurance has grapevines growing through the summer season. There are two for licensed properties contact your local Fleurets office. A phone call sections of garden area to the rear, a separate Orchard to the other may help to provide you with terms and/or cover, which best fits your side of the function facility and a large car park to the rear. requirements. VALUATIONS & RENT REVIEWS Fleurets has the largest team of Chartered Surveyors to specialise nationally and exclusively in the Capital and Rental Valuation of Licensed property. For professional Valuations, Rent Reviews, Consultancy, Expert Advice, Rating and Planning advice please contact your local Fleurets office. FURTHER INFORMATION For further information please contact: Simon Hall at our Leeds office on 0113 234 0304 or email [email protected]. LOCATION MAP TENURE Leasehold - The public house, private accommodation, staff accommodation and function facilities are held on a lease terminating in late 2018. It is on free of tie terms with a rent of £15,000 per annum. Freehold - The letting bedroom annex and part of the garden to the rear are held separately freehold. NB. If required, the vendor will consider leasing the bedroom annex on a co terminus lease with the public house. Additional rent by negotiation. Ordnance Survey © Crown Copyright (2014) All rights reserved. Licence number 1000047722 Suite 8b, Joseph’s Well, Westgate, Leeds LS3 1AB T 0113 234 0304 F 0113 234 0214 E [email protected] fleurets.com - Our Reference: N-318111 DISCLAIMER Fleurets Limited for themselves and for the vendors or lessors of this property whose agents they are give notice that: (i) the particulars are set out as a general outline only for the guidance of intending purchasers or lessees, and do not constitute, nor constitute part of, an offer or contract; (ii) all descriptions, dimensions, references to condition and necessary permissions for use and occupation, and other details are given without responsibility and any intending purchasers or tenants 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; (iii) no person in the employment of Fleurets Limited has any authority to make or give any representation or warranty whatever in relation to this property. Suite 8b, Joseph’s Well, Westgate, Leeds LS3 1AB T 0113 234 0304 F 0113 234 0214 E [email protected] fleurets.com - Our Reference: N-318111 .