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New Inn, Combe Batch, Wedmore, BS28 4DU
0.35 acres / Leisure
Withdrawn - Last updated: 24 June 2021
Summary
Attractive public house in affluent village available on new free of tie lease. Recently refurbished and running bar sales only.
Location
Wedmore is a well regarded village within the Somerset levels, close to Cheddar, Wells and Glastonbury. The parish comprises 3 villages and 18 hamlets with a last reported population of 3,318. It is considered an affluent village.
Specification
A detached two storey venue understood to date from the 1840s and providing an inn of some charm and character. There is a traditional public bar as well as lounge bar and restaurant area, commercial kitchen and three bedroom accommodation on the first floor. Customer toilets are to the rear where there is an attractive enclosed beer garden with patio for customer benches. To the rear of the beer garden is a skittle alley which with investment may suit for a function room. In addition there is a two bedroom self contained flat with lounge, kitchen and bathroom. Further private garden to the rear of the site and front customer beer garden in addition to customer parking area.
Availability
The property is available on a new free of tie lease at an annual rent of 31,500 per annum. Term offers invited at a minimum of 10 years. The lease terms will be on a full repair and insuring basis. A rent deposit of 3 months at headline rent is required. Rent is payable quarterly in advance. Offers can be sent by post or email for the attention of Michael Easton. In order that we can give detailed consideration to all the offers received, we ask that the following information is included with your offer:The name and address of the lesseeAny rental concessionsPremium offer to include fixtures and fittingsBusiness planProof of fundingReferences
Terms
Our client has owned the New Inn for many years and it has always been an investment for them. The previous tenants finished their lease earlier this year and our client has taken the opportunity for a refurbishment of the trade areas and is running the bar at the venue in order to provide an operating business to the successful applicant. This well known venue is host the annual Turnip Awards a gentle poke The Turner Prize and has been running this from 1999 and has provided National promotion of the pub. The business offers a comfortable local bar trade and is popular with skittle teams of which there are currently 6. There is great opportunity to run a simple food offer and to take advantage of the self contained flat for additional letting income
Viewings
Strictly by appointment by the sole agents.
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