WORCESTERSHIRE - HISTORIC CITY CENTRE PUBLIC HOUSE WITH SIX QUALITY EN SUITE LETTING ROOMS
Worcester, Worcestershire
Ref: 61304
Leasehold Offers Around £75,000
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Key Features
Location
The cathedral city of Worcester is located in the West Midlands, on the banks of the River Severn. As Worcestershire’s county town, it is also a busy commercial and education centre, being the home of Worcester University. The city has a population of approximately 100,000 and enjoys an excellent level of amenities and services. It is equidistant to Birmingham and Gloucester, with ideal communication links via the M5, and the mainline rail link to London.
The Cardinal’s Hat is a historical, Grade II listed property located at the heart of the main leisure circuit, surrounded by a large number of pubs, restaurants and hotels. The property itself is part black and white, timber construction, with a later brick extension above and tiled roof. It offers extensive accommodation over three storeys which provides characterful drinking areas and six quality en suite letting bedrooms, plus a private flat. It also has the benefit of an outside, sheltered beer yard to the rear with planning in place to erect a more substantial shelter, if required.
The business and building briefly comprises the following:
The Cardinal’s Hat is a historical, Grade II listed property located at the heart of the main leisure circuit, surrounded by a large number of pubs, restaurants and hotels. The property itself is part black and white, timber construction, with a later brick extension above and tiled roof. It offers extensive accommodation over three storeys which provides characterful drinking areas and six quality en suite letting bedrooms, plus a private flat. It also has the benefit of an outside, sheltered beer yard to the rear with planning in place to erect a more substantial shelter, if required.
The business and building briefly comprises the following:
Property
Trade Areas
Front entrance with central hallway leading to:
SNUG: with seating for 10. Beamed ceiling and walls. Glazed aspect to street. Carpeted floor. Piano.
FRONT BAR: seating 20. A room of considerable character having partially beamed ceiling and stripped wood floor. Stone surround fireplace with solid fuel burner. Exposed wood beamed walls and ornate, wood carved, panel fronted BAR SERVERY with mirrored back display.
OAK ROOM: seating 24. Oak panelled walls and flagstone floor. Stone surround fireplace with solid fuel burner. Return hatch from servery.
CATERING KITCHEN with stainless steel extraction and nonslip floor. A good selection of commercial catering effects and equipment.
LADIES’ and GENTLEMEN’S TOILETS.
BASEMENT: comprising a large BOTTLE STORE, lockable SPIRIT
STORE and KEG CELLAR.
On the first floor is an OFFICE.
Letting Accommodation
On the first and second floor are six quality, individually named and decorated letting rooms:
Elgar: double with integral bath and EN SUITE SHOWER ROOM.
Tilley: double with built-in panel surrounded bed and EN SUITE BATHROOM.
Scott: double with EN SUITE SHOWER ROOM.
Townshend: double with EN SUITE.
King John: four poster bed with EN SUITE BATHROOM.
Sandon: double with separate EN SUITE SHOWER ROOM and WC.
Private Accommodation
On the third floor is a PRIVATE FLAT comprising a KITCHENETTE, large landing, LOUNGE, KITCHEN DINER, BATHROOM (with access to roof garden via skylight), and two large DOUBLE BEDROOMS.
External
To the rear is an enclosed, block paved BEER PATIO with timber frame cover having canvas roof. There is a mixture of outdoor bench style seating for 60.
Front entrance with central hallway leading to:
SNUG: with seating for 10. Beamed ceiling and walls. Glazed aspect to street. Carpeted floor. Piano.
FRONT BAR: seating 20. A room of considerable character having partially beamed ceiling and stripped wood floor. Stone surround fireplace with solid fuel burner. Exposed wood beamed walls and ornate, wood carved, panel fronted BAR SERVERY with mirrored back display.
OAK ROOM: seating 24. Oak panelled walls and flagstone floor. Stone surround fireplace with solid fuel burner. Return hatch from servery.
CATERING KITCHEN with stainless steel extraction and nonslip floor. A good selection of commercial catering effects and equipment.
LADIES’ and GENTLEMEN’S TOILETS.
BASEMENT: comprising a large BOTTLE STORE, lockable SPIRIT
STORE and KEG CELLAR.
On the first floor is an OFFICE.
Letting Accommodation
On the first and second floor are six quality, individually named and decorated letting rooms:
Elgar: double with integral bath and EN SUITE SHOWER ROOM.
Tilley: double with built-in panel surrounded bed and EN SUITE BATHROOM.
Scott: double with EN SUITE SHOWER ROOM.
Townshend: double with EN SUITE.
King John: four poster bed with EN SUITE BATHROOM.
Sandon: double with separate EN SUITE SHOWER ROOM and WC.
Private Accommodation
On the third floor is a PRIVATE FLAT comprising a KITCHENETTE, large landing, LOUNGE, KITCHEN DINER, BATHROOM (with access to roof garden via skylight), and two large DOUBLE BEDROOMS.
External
To the rear is an enclosed, block paved BEER PATIO with timber frame cover having canvas roof. There is a mixture of outdoor bench style seating for 60.
The Business
The business trades as a city centre craft ale public house offering wet sales and letting accommodation only. The pub is known for its wide variety of ales and craft beers. The six quality en suite letting bedrooms command tariffs between £85 and £145 per night, including a continental breakfast, with a supplement of £5 for a full English breakfast.
The accounts for the twelve months ending 31 March 2025 show sales of £550,095, which produces a gross profit of 60%, and a net profit of just under £100,000 (after adding back the managers’ wages).
This well-established business is currently operated under management.
The accounts for the twelve months ending 31 March 2025 show sales of £550,095, which produces a gross profit of 60%, and a net profit of just under £100,000 (after adding back the managers’ wages).
This well-established business is currently operated under management.
Tenure
LEASEHOLD offers in the region of £75,000 to include goodwill, fixtures and fittings. Stock at valuation in addition.
The premises is held on a 15 year full repairing and insuring lease which expires in 2028. The lease falls within the security provisions of the Landlord & Tenant Act 1954, therefore the Tenant will have the right to renew at the end of the term. Rent is currently £60,000 per annum, exclusive of VAT and paid monthly in advance. The lease is free-of-tie.
No direct approach to be made to the business; please direct all communications through Sidney Phillips.
Viewing strictly by appointment only.
The premises is held on a 15 year full repairing and insuring lease which expires in 2028. The lease falls within the security provisions of the Landlord & Tenant Act 1954, therefore the Tenant will have the right to renew at the end of the term. Rent is currently £60,000 per annum, exclusive of VAT and paid monthly in advance. The lease is free-of-tie.
No direct approach to be made to the business; please direct all communications through Sidney Phillips.
Viewing strictly by appointment only.
Licence
A full Premises Licence is held.
Services
All mains services are connected.
Rateable Value: £32,700 as at 01 April 2023.
Local Authority: Worcester City Council.
Rateable Value: £32,700 as at 01 April 2023.
Local Authority: Worcester City Council.
Enquire about this listing
Ceiron Griffiths
Midlands
