SOMERSET – PROMINENT ROADSIDE FREEHOUSE IN LARGE NORTH SOMERSET VILLAGE

The Prince of Wales is situated in the large, North Somerset village of Congresbury, located on the northwestern slopes of the Mendip Hills. The village has a population of around 3,500 and provides a range of amenities which include shops and several public houses. Congresbury stands on the A370 between Junction 21 of the M5 motorway and Bristol Airport, approximately 7 miles east of Weston-super-Mare and 13 miles south of Bristol city centre.

The nearest railway station is Yatton, managed by Great Western Railway, although Congresbury once had its own railway station on the Cheddar Valley Line which ran from Yatton to Wells. Now known as the ‘Strawberry Line’, this route has been converted to a pathway for walkers and cyclists to enjoy.

The premises is located on the western side of the village and occupies a roadside position on the A370. Opposite this former public house is a raised section of the Strawberry Line which runs parallel to the River Yeo.

The Prince of Wales is a two-storey property with yellow colourwashed, rendered elevations under a pitched tile roof. It has two single-storey extensions at the rear of the same construction, one with a flat roof, the other with a pitched tile and glazed roof.

TRADE AREAS
The property comprises:

Ground floor:
- MAIN BAR: Open plan with bar servery.
- RESTAURANT: Adjoining the main bar area with ceiling timbers.
- ORANGERY: Open plan with wood effect floor, glass window surround and skylight.
- A room that would once have housed the CATERING KITCHEN.
- Spacious WINE STORE which connects to the RESTAURANT.
- Ladies’ WC.
- Gentlemen’s WC.
- Disabled WC.
- BEER STORE.
- Four ancillary STOREROOMS.

First floor:
- Four DOUBLE BEDROOMS.
- BATHROOM.

EXTERNAL
- West side TRADE GARDEN which could seat around 50.
- Fenced off SERVICE YARD.
- Timber framed and timber clad detached STORE BUILDING.
- Tarmac CAR PARK with marked bays for 25 vehicles.

The Prince of Wales has been owned by our client for several years and has been let to third party tenants throughout. The most recent tenants operated the premises as a Greek restaurant and bar and left in 2024. As a consequence of it being operated by third party tenants, no trading accounts are available and prospective purchasers will need to reach their own conclusions as to the likely level of trade which can be enjoyed at this outlet.

No direct approach to be made to the business; please direct all communications through Sidney Phillips. Viewing strictly by appointment only.

FREEHOLD £295,000 for vacant possession upon completion.. 

The Property is elected for VAT. VAT will be levied on the sale price of the freehold at the standard rate on 90% of the purchase price. Purchasers may wish to satisfy themselves with independent professional advice that this VAT may be reclaimed.

OR, ALTERNATIVELY

LEASEHOLD Nil premium
TERM Seven years
LANDLORD & TENANT ACT 1954 Inside Part II Landlord & Tenant Act 1954
ASSIGNABILITY Fully assignable subject to Landlord’s consent, such consent not to be unreasonably withheld
BOND A bond equivalent to three months’ rent in advance plus personal guarantors if the lease is taken as a Limited Company
RENT £26,000 per annum, paid monthly in advance
RENT REVIEW Subject to rent reviews every third year of the term at Open Market Rent
REPAIR LIABILITY Full repairing and insuring lease agreement
TIE Free of all trade ties
INSURANCE The Landlord will insure the building, the cost of which will be charged to the Tenant by way of an Insurance Rent
VAT VAT will be payable on rental payments

No direct approach to be made to the business; please direct all communications through Sidney Phillips.

Viewing strictly by appointment only.

Sale of alcohol by retail (on and off):
Monday to Saturday 10:00-00:00 and Sunday 10:00-23:30

Opening hours:
Monday to Saturday 10:00-00:00 and Sunday 10:00-23:30

All mains services are connected.

Local Authority: North Somerset Council.

Rateable Value: As of April 2023 £45,750