NOTTINGHAMSHIRE - THRIVING WET LED VILLAGE PUB WITH CAR PARK & COMMERCIAL KITCHEN
Clarborough, Retford, Nottinghamshire
Ref: 40138
Offers Around
£290,000
Freehold
1 / 9
Key Features
Precis
Detached 2 storey pub with car park and trade garden, located close to the Nottinghamshire town of Retford. benefitting from 3 bedroom owners accommodation and commercial kitchen.
Location
The Kings Arms is situated in a prime position directly located within the centre of the village of Clarborough, Retford. The village lies in the north of the county of Nottinghamshire close to the Lincolnshire border and is located only 12 miles east of the A1 Motorway between Doncaster and Newark. The village itself boasts a variety of local amenities such as a Spar convenience store, village hall and primary school which benefits from a positive OFSTED rating.
There are a selection of bus stops located within the village offering local transport to and from surrounding villages and towns such as Gainsborough and Retford. The nearest railway station can be found 3.5 miles south-west in the town of Retford which offers extensive services to the likes of Leeds, York, Hull and London Kings Cross.
The Kings Arms occupies a detached two storey property of brick construction under tiled slate roof and is ideally located for passing traffic on the busy Main Street/A620 within the centre of the village.
There are a selection of bus stops located within the village offering local transport to and from surrounding villages and towns such as Gainsborough and Retford. The nearest railway station can be found 3.5 miles south-west in the town of Retford which offers extensive services to the likes of Leeds, York, Hull and London Kings Cross.
The Kings Arms occupies a detached two storey property of brick construction under tiled slate roof and is ideally located for passing traffic on the busy Main Street/A620 within the centre of the village.
Property
GROUND FLOOR
Enter the property via the main street directly into the entrance hall which leads directly into the MAIN BAR which has seating for 38, part carpet, part tiled flooring. Brick feature fireplace with inset log burner and wooden bar servery. To the rear of the main bar is the LOUNGE which has carpet flooring, brick feature open fireplace and seating for 24. To the rear of the Lounge is the GAMES ROOM which has carpet flooring and pool table. Off the lounge is the side entrance hall which has access to the ladies & gentleman's toilets along with storage cupboard and rear access to the car park and trade patio. Adjacent to the Lounge is the COMMERCIAL KITCHEN and ground floor CELLAR.
FIRST FLOOR
Owners Accommodation comprises Two Double Bedrooms, One Single Bedroom, Lounge, Kitchen, Shower Room.
External
Flood lit CAR PARK with space for 24 vehicles (the adjacent shop benefits from a right of way allowing customer parking within the pub car park). TRADE PATIO with bench seating for 30 and outside lighting. Enclosed children's play area. rear lanwed area (potential to use as a building plot subject to the relevant planning permissions).
Enter the property via the main street directly into the entrance hall which leads directly into the MAIN BAR which has seating for 38, part carpet, part tiled flooring. Brick feature fireplace with inset log burner and wooden bar servery. To the rear of the main bar is the LOUNGE which has carpet flooring, brick feature open fireplace and seating for 24. To the rear of the Lounge is the GAMES ROOM which has carpet flooring and pool table. Off the lounge is the side entrance hall which has access to the ladies & gentleman's toilets along with storage cupboard and rear access to the car park and trade patio. Adjacent to the Lounge is the COMMERCIAL KITCHEN and ground floor CELLAR.
FIRST FLOOR
Owners Accommodation comprises Two Double Bedrooms, One Single Bedroom, Lounge, Kitchen, Shower Room.
External
Flood lit CAR PARK with space for 24 vehicles (the adjacent shop benefits from a right of way allowing customer parking within the pub car park). TRADE PATIO with bench seating for 30 and outside lighting. Enclosed children's play area. rear lanwed area (potential to use as a building plot subject to the relevant planning permissions).
The Business
Our clients have owned The Kings Arms since 2012 and during this time have taken a poorly trading village centre pub & restaurant and transformed it into the successful wet-led community venue that we see today. The Kings Arms benefits from a loyal local following and includes both a darts and pool team. The venue hosts a variety of entertainment nights which include celebratory events such as birthdays and christenings.
It is our opinion that The Kings Arms would suit a ‘hands on’ owner operator who could further increase turnover by extending the current games room (STPP), allowing more space to the rear of the building creating a dedicated area in which to serve food. It is also our belief that trade could be improved with the creation of a detailed food menu which could attract mid-week workers from the nearby West Burton & Cottam Power Stations.
Our clients have been back in operation of the business since June 2019 after a long period of leasing the property to tenants. Net Turnover ending March 2020 stood at £161,931 resulting in a Net Profit of £31,878 per annum. Further accounting detail will be made available to serious parties following a formal viewing.
It is our opinion that The Kings Arms would suit a ‘hands on’ owner operator who could further increase turnover by extending the current games room (STPP), allowing more space to the rear of the building creating a dedicated area in which to serve food. It is also our belief that trade could be improved with the creation of a detailed food menu which could attract mid-week workers from the nearby West Burton & Cottam Power Stations.
Our clients have been back in operation of the business since June 2019 after a long period of leasing the property to tenants. Net Turnover ending March 2020 stood at £161,931 resulting in a Net Profit of £31,878 per annum. Further accounting detail will be made available to serious parties following a formal viewing.
Tenure
FREEHOLD: Offers Around £290,000 to include fixtures, fittings and goodwill, stock at valuation in addition.
No direct approach to be made to the business, with all communications directed through Sidney Phillips. Viewing strictly by appointment only.
No direct approach to be made to the business, with all communications directed through Sidney Phillips. Viewing strictly by appointment only.
Licence
A full Premises Licence is held permitting the sale of alcohol from:
09:00 am - 01:00 am - Monday to Sunday - 7 days a week.
09:00 am - 01:00 am - Monday to Sunday - 7 days a week.
Services
All mains services are connected. The property benefits from both a fire & burglar alarm as well as an 8 camera CCTV security system.
Rateable Value £7000. Business Rates Exempt.
Rateable Value £7000. Business Rates Exempt.
Downloads
Enquire about this listing
Zaine Lamont
Eastern Counties
