LOCATIONThe property is situated on the corner of Cross Street and High Street within Potterhanworth Village, a highly desirable Village, located approximately six miles south east of Lincoln City Centre. Potterhanworth has a well-regarded Primary School and there are no other Public Houses within the Village.
DESCRIPTIONFreehold Public House/Restaurant with Living Accommodation For Sale (May Let) – This substantial refurbished Public House with Function Room and Living Accommodation above, has been refurbished to a high standard and whilst not currently trading, is fully equipped and ready for immediate occupation. The property is situated within a desirable village location, approximately 6 miles from Lincoln and represents an excellent business opportunity. In addition to the extensive public areas and function room, there is generously proportioned living accommodation at first and second floor level and there is a large customer car park and outdoor area to the rear.
The Chequers Inn is an imposing Period Property that has been refurbished in recent years to a high standard, providing bar and dining areas, offering up to 70 covers. In addition, there is a modern Function Room that has been constructed to the side of the Public House, offering excellent opportunities for private hire functions or even, possibly conversion to alternative uses including residential, subject to the necessary Planning Consents.
At first floor level, there is owners accommodation comprising a Living Room, Two Bedrooms, Kitchen and Bathroom/WC. At second floor level, is a further Bedroom/Store.
To the rear of the property, accessed via High Street, there is a large tarmacadam surfaced car park, providing ample parking space for 15 to 20 cars. In addition, there is an outdoor seating area within an attractive patio which can be accessed from the main Bar/Restaurant.
The property benefits room a fully equipped Catering Kitchen, there is a large Beer Cellar which can be accessed from the car park and there are Male/Female WC Facilities, together with a Disabled WC & Baby Changing Area.
The ground floor accommodation is very well-presented, having been refurbished in recent years. The Function Room extension was constructed in 2007.
SERVICESMains drainage, electricity and water are connected. An LPG gas fired central heating system is installed, serving the ground and first floor accommodation via two separate boilers.
EPC Rating – C.
TERMSThe property is available on a Freehold basis, with vacant possession. Consideration will also be given to a Lease at a rental of £24,000 per annum, exclusive of Business Rates and all other occupational costs. Further details are available on request.
OUTGOINGSRateable Value of £14,500.
In the event that a full rating liability is required, the current rates payable would be approximately £7,148 per annum (Rate to the pound for 2018/19 is 49.3 pence).
Prospective Tenants are likely to qualify for Small Business Rates Relief which, under the current framework, would give up to 100% exemption of rates liability, but interested parties should make their own enquiries.
VATVAT may be applicable in addition to the sale price.
LEGAL COSTSIn the event of a Lease, the ingoing Tenant is responsible for the Estate Agent’s referencing fee together with the Landlord’s reasonable legal fees associated with producing the Lease. Further information is available on request.
VIEWINGBy prior appointment through Mundys Commercial.