German Street, Winchelsea, East Sussex, TN36 4EN
Rare opportunity to run a beautiful Inn in the charming village of Winchelsea with the potential for further investment.
The New Inn is a quaint village pub with three sources of revenue; fine dining, quality ales and boutique style letting rooms. Known for its character and great food offering this is an ideal opportunity for an experienced operator looking for a charming site with the opportunity to expand and invest.
Close to the coast, this quirky period property maintains its charming features of beamed ceilings and wonky floors and is the perfect destination site to attract visitors for a long weekend in the village of Winchelsea. With little competition nearby, locals appreciate the fine ales available to compliment the home made food offering using locally sourced ingredients. The ensuite letting rooms have been developed into a boutique style, with further potential of developing the second floor barn to create more.
*Please note applicants will be considered with a minimum investment of £45,000*
Large trading area featuring a main bar and dining areas with 5 premium ensuite letting rooms on the upper floor. Small car park to the rear capable of housing up to 10 cars with a lovely garden area beyond.
|Car park spaces||10|
|Rooms to let||6|
This 3 bedroomed private accommodation also features two bathrooms, a lounge, office and kitchen.
|Annual rent||£40,250 per annum|
|Weekly rent||£774.04 per week fixed|
£40,250.00 per annum, £774.04 per week fixed and subject to annual RPI increase (tracker capped at a maximum of 4.75%) on anniversary of agreement. Paid weekly by direct debit.
Approx £67,695 which includes fixtures and fittings, stock, glassware, crockery, cutlery, fuel and cleaning materials, legal, brokers and stocktaking fees, rent in advance, training fees, working capital and deposit (minimum £6,000, but should build to 25% of head rent). *Minimum investment required £45,000* *Fixtures & Fittings are an estimated cost subject to valuation. Purchasing options may be available for the right operator*
|Fixtures & fittings||£35,000||Working capital||£20,000|
|Other costs||£800||Total entry cost||£67,695|
Standard Tenancy Agreement
A fixed 5 year term agreement which is contracted out of the Landlord and Tenant Act 1954
•Tie variations available
•Rent set at the start of the agreement, subject to the annual Retail Prices Index (RPI) which is capped
•Flexible pricing options available
•Greene King is responsible for the structure of the building
•Ability to end agreement with 6 months notice at any time with standard notice fee equal to 3 months rent
You will need to estimate the turnover you expect to achieve from the pub, with regard to food and accommodation (if applicable). Barrelage figures are given to assist you with calculations.
Calculators to help you are available on the business planning section of our website.
|Year||Beer (Brls)||Wine & spirits (Ltrs)||Minerals (Ltrs)|
Set in 1066 country, Winchelsea is a historic ancient town with lots of character. Previously one of the Cinque Ports, the area silted up in the 16th Century and is now 1km of seafront creating a variety of small walks and delightful views of the coast. The area benefits from the tourist trade in the summer months and attracts local custom low season. Visitors may be interested in the medieval church, a small museum and surviving town gates. The New Inn is positioned opposite the church where the legendary comedian, Spike Milligan, is buried.
Rye is two miles away and Hastings within easy drive. A bus stop positioned outside of the New Inn allows visitors a leisurely trip to Rye or Hastings. The nearest train station is at Rye with trains connecting to Ashford (for the continent) and London.