PEMBROKESHIRE (NEAR TENBY) - VILLAGE CENTRE CATERING-LED PUBLIC HOUSE AVAILABLE ON NEW LEASE
Penally, Tenby, Pembrokeshire
Ref: 96746
Leasehold £15,000
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Key Features
Location
The Paddock Inn is located in the village of Penally which is next to Tenby which requires little introduction being a delightful medieval walled harbour town within the Pembrokeshire Coast National Park, and one of Wales's premier holiday destinations. It provides something for everyone with all of the bars, taverns, restaurants and hotels located in the cobbled streets or one of the many caravan and camping sites and holiday complexes which are all within close proximity to the subject premises.
The property is located at the edge of the village and is within easy walking distance of Tenby town centre, South Beach, Tenby Golf Club and a large number of caravan and camp sites and holiday complexes, including Kiln Park being one of Wales's largest holiday parks. The scope to attract customers during the busy holiday periods is unrivalled.
The property is located at the edge of the village and is within easy walking distance of Tenby town centre, South Beach, Tenby Golf Club and a large number of caravan and camp sites and holiday complexes, including Kiln Park being one of Wales's largest holiday parks. The scope to attract customers during the busy holiday periods is unrivalled.
Property
The property appears to be constructed in the main of stone and brick with rendered and colour washed elevations under a pitched slate roof. It is appointed to a very good standard and provides extensive trading areas at ground and first floor with an excellent four bedroom owners' house attached. It also has the benefit of a large, lined tarmacaddam car park and a very good trade garden.
TRADE AREAS
Main entrance from the rear of the property leading from the car park into large, 'L' shaped character LOUNGE being comfortably furnished with seating for approximately 50. Carpeted floor and heavily beamed ceiling. Feature stone fireplace with solid fuel burner. 'L' shaped brick constructed BAR SERVERY. Access from behind the servery to an on-level CELLAR with lockable spirits store and freezer store. LADIES' and GENTLEMEN'S TOILETS. Former GAMES ROOM and BAKERY being a room that is well appointed and can be used for a number of uses including private, having French doors leading to outside.
FIRST FLOOR
Open-plan 'L' shaped RESTAURANT seating 80. Carpeted throughout and with heavily beamed, vaulted ceiling and part exposed stone walls. Servery.
CATERING KITCHEN which is equipped to a good standard and with extraction hood and stainless steel walls and nonslip flooring. Good selection of commercial catering effects and equipment. PREP/WASH-UP AREA. STAFF WC.
OWNERS' ACCOMMODATION
Adjoining the property is a cottage having its own entrance vestibule leading into the open-plan LOUNGE and KITCHEN. At first floor are FOUR DOUBLE BEDROOMS and BATHROOM.
EXTERNAL
To the front of the property is a large enclosed TRADE GARDEN with tables and chairs for approximately 80. Small enclosed PRIVATE GARDEN. To the rear is a large, lined tarmacaddam CAR PARK with space for 50 vehicles. Private GARAGE adjoining cottage.
TRADE AREAS
Main entrance from the rear of the property leading from the car park into large, 'L' shaped character LOUNGE being comfortably furnished with seating for approximately 50. Carpeted floor and heavily beamed ceiling. Feature stone fireplace with solid fuel burner. 'L' shaped brick constructed BAR SERVERY. Access from behind the servery to an on-level CELLAR with lockable spirits store and freezer store. LADIES' and GENTLEMEN'S TOILETS. Former GAMES ROOM and BAKERY being a room that is well appointed and can be used for a number of uses including private, having French doors leading to outside.
FIRST FLOOR
Open-plan 'L' shaped RESTAURANT seating 80. Carpeted throughout and with heavily beamed, vaulted ceiling and part exposed stone walls. Servery.
CATERING KITCHEN which is equipped to a good standard and with extraction hood and stainless steel walls and nonslip flooring. Good selection of commercial catering effects and equipment. PREP/WASH-UP AREA. STAFF WC.
OWNERS' ACCOMMODATION
Adjoining the property is a cottage having its own entrance vestibule leading into the open-plan LOUNGE and KITCHEN. At first floor are FOUR DOUBLE BEDROOMS and BATHROOM.
EXTERNAL
To the front of the property is a large enclosed TRADE GARDEN with tables and chairs for approximately 80. Small enclosed PRIVATE GARDEN. To the rear is a large, lined tarmacaddam CAR PARK with space for 50 vehicles. Private GARAGE adjoining cottage.
The Business
The premises has historically traded very well as a catering-led business attracting customers from the nearby holiday complexes and campsites, along with a large number of holiday homes. It also trades well on a limited basis to the local residents of Penally and the nearby towns and villages. The property is currently closed and has been for approximately one year, but it is in very good condition and ready to trade at very little notice.
Tenure
LEASEHOLD PREMIUM: £15,000
TERM:Up to 21 years.
LANDLORD & TENANT ACT 1954:Outside Sections 24 through to 28 of Part II Landlord & Tenant Act 1954.
ASSIGNABILITY:assignable subject to Landlord’s consent.
BOND:£8,000.
RENT:£30,000 per annum, paid quarterly in advance. The Landlord will consider renting the pub only (excluding the cottage) for a rent of £18,000 exclusive of VAT.
RENT REVIEW:Rent to be indexed every three years by an increase of RPI from the commencement of the term.
REPAIR LIABILITY:Full repairing and insuring lease.
FIXTURES & FITTINGS:Will be retained by the Landlord. The Tenant will be responsible for their repair, maintenance and replacement (when beyond repair).
TIE:The Tenant is tied for the purchase of all bottled and barrelled beers, lagers and ciders from a brewery nominated by Summer Inns Limited. Discounts will be offered. All wines, spirits, minerals, soft drinks and machine income is free-of-tie.
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 the rental payments.
No direct approach to be made to the business; please direct all communications through Sidney Phillips. Viewing strictly by appointment only.
TERM:Up to 21 years.
LANDLORD & TENANT ACT 1954:Outside Sections 24 through to 28 of Part II Landlord & Tenant Act 1954.
ASSIGNABILITY:assignable subject to Landlord’s consent.
BOND:£8,000.
RENT:£30,000 per annum, paid quarterly in advance. The Landlord will consider renting the pub only (excluding the cottage) for a rent of £18,000 exclusive of VAT.
RENT REVIEW:Rent to be indexed every three years by an increase of RPI from the commencement of the term.
REPAIR LIABILITY:Full repairing and insuring lease.
FIXTURES & FITTINGS:Will be retained by the Landlord. The Tenant will be responsible for their repair, maintenance and replacement (when beyond repair).
TIE:The Tenant is tied for the purchase of all bottled and barrelled beers, lagers and ciders from a brewery nominated by Summer Inns Limited. Discounts will be offered. All wines, spirits, minerals, soft drinks and machine income is free-of-tie.
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 the rental payments.
No direct approach to be made to the business; please direct all communications through Sidney Phillips. Viewing strictly by appointment only.
Licence
A Premises Licence is held.
Services
All mains services are connected.
Downloads
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Ceiron Griffiths
Wales
Ref: 96746
