63-65 Charlton Road, Shepton Mallet, Somerset, BA4 5QF
Fantastic eight bedroom hotel & Inn with a large car park, two garden areas and a separate self contained owners cottage as well as a function/conference room, which is perfect for weddings, corporate functions etc. The pub is blessed with an open plan bar with oak beams, open fireplace and oak panelling throughout.
The pub is in first class condition and benefits from eight ensuite letting rooms in addition to a large car park. The interior consists of an elegant open plan bar with oak beams, an open fireplace, oak panelling and relaxing sofa’s and chairs for the guests to relax in.
There are dining covers for 52 in the main dining areas and another 30 in the function room. In addition, there are two separate external patio areas. The cottage also benefits from 8 en-suite letting rooms which are of excellent size.
|Car park spaces||50|
|Rooms to let||8|
The pub has the benefit of having a detached cottage with two bedrooms.
|Annual rent||£52,000 per annum|
|Weekly rent||£1,000.00 per week fixed|
£52,000 per annum, £1,000.00 per week fixed and subject to annual RPI increase, which is capped. Paid weekly by direct debit.
Entry costs approx £57,650 which includes fixtures and fittings, stock, glassware, crockery, cutlery, fuel and cleaning materials, legal, brokers and stocktaking fees, training fees, schedule of condition, working capital and deposit (25% of head rent, minimum £6,000).
|Fixtures & fittings||£35,000||Working capital||£10,000|
|Other costs||£5,000||Total entry cost||£57,650|
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)|
Shepton Mallet is a town and civil parish in the Mendip District of Somerset, South West England, about 18 miles south of Bristol and 5 miles east of Wells and the pub sits on the main road out of Shepton Mallet The town has an estimated population of 10,369. Within Shepton Mallet there are several distinct areas which originated as separate communities around the central point of the church and Market Place. The town centre is small, basically consisting of two streets: High Street, which runs south from the Market Place towards the Townsend Retail Park, and the pedestrianized Town Street which runs north from the Market Place to Waterloo Bridge.