Sidney Phillips, licensed property specialists, have sold The Roebuck Inn in Alcester, Warwickshire, off a freehold asking price of £645,000.
The Roebuck is a prominent and substantial Grade II listed roadside inn. The subject premises reside on the edge of the affluent market town of Alcester, in the county of Warwickshire. This is a much sought after residential area, being on the southern fringes of the Birmingham conurbation which provides a huge number of employment opportunities. Our clients purchased the business in 2011 when they immediately invested approximately £200,000 in the fabric of the property. This has more recently been upgraded with an investment of approximately £90,000 in 2020. The premises are presented in good condition throughout and offer a comprehensive and commercial venture.
It is an 11 bedroom inn offering well appointed and substantial interconnecting trading areas seating up to 100 customers comfortably. It has the benefit of 11 en suite bedrooms. Well appointed private flat. A large car park and trade patio to the front of the property. The business is catering led with a split of approximately 50% catering, 40% wet sales and 10% accommodation. Accounts for the financial year ending the 31st October 2017 show sales net of VAT of £441,609, working on a gross profit of some 53.8%. There is undoubted scope for the new operators to push the letting accommodation further.
For more information on buying, selling or leasing your property, call us today on 01981 250333 or email sales@sidneyphillips.co.uk . You can take a look at the other properties we have listed by clicking here.
(27th February 2024)