LINCOLNSHIRE WOLDS - THREE BEDROOM CHARACTER PUB WITH CAR PARK
Binbrook, Market Rasen, Lincolnshire
Ref: 46266
Offers Around
£295,000
Freehold
1 / 11
Key Features
Precis
Located in the stunning Lincolnshire Wolds is this 3 bedroom village public house with sizeable car park.
Location
The Plough is situated in the vibrant Lincolnshire village of Binbrook, located approximately 8 miles northeast of Market Rasen, 9 northwest of Louth, 12 south of Grimsby and 20 west of the Lincolnshire coastline. Also found 8 miles west is the busy A46 trunk road. The nearest airport to the village can be found 16 miles north at Humberside International Airport.
The property lies in the magnificent Lincolnshire Wolds which covers 560 square kilometres and houses a variety of landmarks and amenities including the popular Cadwell Park, one of the UK's top motor racing circuits, the award-winning Ovens Farm Vineyard, and the picturesque Hubbard’s Hill’s picnic and beauty spot. The village itself benefits from a medical centre, primary school, community centre and a vehicle repair shop, as well as a Post Office/Village Store, Chinese takeaway, hair salon and a church dedicated to St Mary & St Gabriel.
The Plough occupies a two-storey, semi-detached, brick building under a part slate, part pantile roof. The property is located in the market place where it benefits from being the only inn in the village.
The property lies in the magnificent Lincolnshire Wolds which covers 560 square kilometres and houses a variety of landmarks and amenities including the popular Cadwell Park, one of the UK's top motor racing circuits, the award-winning Ovens Farm Vineyard, and the picturesque Hubbard’s Hill’s picnic and beauty spot. The village itself benefits from a medical centre, primary school, community centre and a vehicle repair shop, as well as a Post Office/Village Store, Chinese takeaway, hair salon and a church dedicated to St Mary & St Gabriel.
The Plough occupies a two-storey, semi-detached, brick building under a part slate, part pantile roof. The property is located in the market place where it benefits from being the only inn in the village.
Property
TRADE AREAS
Side entrance hall via the car park into open plan MAIN BAR/GAMES ROOM with approximate seating for 28, wooden main bar servery and tile flooring.
The first of two SNUG areas, with seating for approximately 16, benefitting from an extension of the main bar servery, part carpet, part tile flooring, log burner and access to the front entrance porch.
The second SNUG benefits from carpet flooring, seating for approximately 10 and access to a private staircase leading to the first floor.
Ancillary areas include a fully-fitted COMMERCIAL KITCHEN with prep area, BASEMENT CELLAR, LADIES' and GENTLEMEN'S TOILETS.
OWNERS ACCOMMODATION
Located at first floor level, comprising:
- 3 x DOUBLE BEDROOMS
- LOUNGE
- KITCHEN DINER
- BATHROOM
EXTERNAL
Sizeable CAR PARK with space for 30 vehicles. Raised, enclosed and lawned TRADE GARDEN with bench seating for 60. Private yard/bin store. Coal shed/store. Two-storey single GARAGE. Single storey OUTBUILDING known as 'The Hub'.
Side entrance hall via the car park into open plan MAIN BAR/GAMES ROOM with approximate seating for 28, wooden main bar servery and tile flooring.
The first of two SNUG areas, with seating for approximately 16, benefitting from an extension of the main bar servery, part carpet, part tile flooring, log burner and access to the front entrance porch.
The second SNUG benefits from carpet flooring, seating for approximately 10 and access to a private staircase leading to the first floor.
Ancillary areas include a fully-fitted COMMERCIAL KITCHEN with prep area, BASEMENT CELLAR, LADIES' and GENTLEMEN'S TOILETS.
OWNERS ACCOMMODATION
Located at first floor level, comprising:
- 3 x DOUBLE BEDROOMS
- LOUNGE
- KITCHEN DINER
- BATHROOM
EXTERNAL
Sizeable CAR PARK with space for 30 vehicles. Raised, enclosed and lawned TRADE GARDEN with bench seating for 60. Private yard/bin store. Coal shed/store. Two-storey single GARAGE. Single storey OUTBUILDING known as 'The Hub'.
The Business
The Plough, which was fully refurbished in 2017, operated as a 100% wet-led community village public house, hosting both darts and pool teams, as well as showcasing live sporting events via Sky Sports TV. The Plough was most recently operated by a manager with four part-time staff members. The business's main custom came by way of local community clientele, however it also attracted destination trade by way of visitors to the nearby Cadwell Park Racing Circuit, in addition to ramblers and dog walkers who travelled from nearby towns to take in the beauty of the Lincolnshire Wolds.
The opportunity to reopen the pub and increase turnover is available by way of the currently unused commercial kitchen, which would allow a new operator to attract a new type of destination food clientele. There is also scope to convert the sizeable two storey single garage into letting accommodation, subject to the relevant planning permissions.
The plot previously benefitted from planning permission to erect a block of 4 holiday cottages. For more information visit: https://publicaccess.e-lindsey.gov.uk/online-applications/
Reference: 017/01952/12
Accounts:
October Year End 2017 Net Turnover: £191,036
October Year End 2018 Net Turnover: £226,959
October Year End 2019 Net Turnover: £237,212
Further accounting detail will be made available to serious parties following a formal viewing.
The opportunity to reopen the pub and increase turnover is available by way of the currently unused commercial kitchen, which would allow a new operator to attract a new type of destination food clientele. There is also scope to convert the sizeable two storey single garage into letting accommodation, subject to the relevant planning permissions.
The plot previously benefitted from planning permission to erect a block of 4 holiday cottages. For more information visit: https://publicaccess.e-lindsey.gov.uk/online-applications/
Reference: 017/01952/12
Accounts:
October Year End 2017 Net Turnover: £191,036
October Year End 2018 Net Turnover: £226,959
October Year End 2019 Net Turnover: £237,212
Further accounting detail will be made available to serious parties following a formal viewing.
Tenure
FREEHOLD £295,000 to include fixtures, fittings and goodwill.
No direct approach to be made to the business; please direct all communications through Sidney Phillips. Viewing strictly by appointment only.
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 allowing the sale of alcohol between the hours of:
12:00-01:00 seven days a week.
12:00-01:00 seven days a week.
Services
All mains services are connected.
The property benefits from both fire and burglar alarms as well as an 8 camera CCTV security system.
Local Authority: East Lindsey District Council
Rateable Value: £10,500.
The property benefits from both fire and burglar alarms as well as an 8 camera CCTV security system.
Local Authority: East Lindsey District Council
Rateable Value: £10,500.
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Enquire about this listing
Zaine Lamont
Eastern Counties
