Sold
Free of Tie Community Pub For Sale with Development Site
Swineshead, Lincolnshire
- Asking Price: £309,950 +SAV
- Turnover: The business reports a turnover in the region of £143,000 and growing with gross profit at circa 66%.
- Tenure: Freehold
Hilton Smythe welcomes to the market the Pig ‘n’ Whistle. This 18th century public house has been under the careful ownership of our clients since 2010 and only now comes to the market as our clients wish to move abroad. Our clients have transformed what was a failing business with a poor reputation to the highly profitable and successful business it is today. Turnover is in the region of £143,000 and growing with gross profit at circa 66%. Our clients have completely refurbished the premises with renovations including a new ground floor with fully insulated cellar. Re-wire, re-plaster and stylish re-decoration throughout to very high standards. The Pig ‘n’ Whistle is truly at the heart of the community and is very well supported by local residents. The business hosts regular activities including darts, table skittles, group meetings, quiz nights and folk music nights. Our clients have also secured an outside bar arrangement with the village hall. In addition the business now has an excellent reputation for food, predominantly home cooked pizzas making the public house a true destination eatery. The business is listed in CAMRA good beer guide and benefits from being free of tie. We are advised that the village is rapidly expanding with the proposed development of an additional 400 homes. There is also planning for a dentist/vet surgery and 3 residential dwellings. The pub could be extended if needed or lodges could be built. Indeed, our clients have planning permission approval for 2 semi-detached bungalows and 1 detached house on the land to the side of the public house which is included in the sale price if required, (please contact Hilton Smythe for plans). The property could also be turned into a residential property or restaurant. The business is complete with outstanding owner’s accommodation above the business. This is a rare opportunity to purchase a thriving business within a desirable expanding village location with massive potential for growth where early viewing is highly recommended.
To be advised.
The business opens:- Monday to Friday 5.30pm – 11.00pmSaturday12 midday – 11.30pmSunday 12 midday – 10.30pm Longer hours are available.
This popular community public house is located in the pretty village of Swineshead in Lincolnshire. The Pig ‘n’ Whistle is located in the heart of the village on the Market Place, opposite the local 12th century parish church. The village has various independent shops, a post office, medical centre and primary school. Swineshead sits in-between the A17 and A52 providing good road links and is served by its own railway station.
We are advised that the premises has planning permission to be converted into a dental surgery, veterinary surgery or a retail premises with living accommodation. The premises also has permission to be converted into a residential property. Substantial prominent detached premises briefly comprising:- Basement RoomLarge cellar, currently not used as new cellar installed on ground floor. GroundL shaped open plan bar area – up to 43 covers. Feature fireplace with log burner, skittles table and flat screen T.V. Bar area with 12 pumps, optics, 1 two door bottle chiller, 1 door wine fridge, glass washer and till. Sports/ function/meeting room with independent bar/service area housing 5 pumps, darts board,gas fire, T.V and seating area. Ground floor cellar (newly installed and fully insulated) fully pumped, piped and chilled. Ladies and Gentlemen’s toilets. Passage with chest freezer and dry store area Commercial grade kitchen with 5 star rating, 2 large stainless steel preparation tables, 2 small stainless steel tables, pizza oven, 5 burner cooker, double counter top fryer, fridge/ freezer, 2 microwaves, small chest freezer, hand wash, double commercial sink and fly zap. First FloorOwners Accommodation briefly summarising:-Stairs leading to large landing area,Substantial bathroom with shower over bath,Double bedroom with walk in wardrobe,Comfortable lounge,Further double bedroom with office area,Fully fitted kitchen with store cupboard andSingle bedroom. Second FloorPotential for additional rooms in large loft area, old photos show Dorma windows so could have originally been 2 rooms. There is room on the landing area to install new stairs access. ExternalLarge garage/workshop. Front patio area with seating for 18 plus at 3 circular tables.Private lawned area to rear of building. Car park to side which will form access road to development site (currently fenced off). Although parking is not an issue as there is ample street parking and a free car park in the village.
Tenure
We are advised freehold.
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