THE WAVERLEY

WEYMOUTH, DORSET

This is a traditional community local situated in a densely populated area with lots of chimney pots just minutes from the beach.

5 LETTING BEDROOMS

VIEWING BY APPOINTMENT ONLY

The Waverley Arms

121 Abbotsbury Road, Weymouth, DT4 0JX, Dorset

LOCATION

This property is situated in a high profile position within a populated residential area with lots of chimney pots just minutes from Weymouth’s award winning beach and walking distance from the town centre. The area is undergoing lots of development and with the forthcoming Olympic events being held in Weymouth will create huge demand for letting bedrooms over the next number of years.

TRADING AREAS

• Lounge Bar
• A traditional and welcoming locals bar.
• Public Bar
• Pub games, darts teams, entertainment.
• Pool Room
• One room designated for pool competitions etc.
• Skittle Alley/Function Room
• A good sized skittle alley and function room with licence for 100.
• Letting Rooms
• 5 letting rooms, 10 beds, able to cater for 17 people.
• Private
• 2 bedrooms, lounge, kitchen, office.

TYPE OF AGREEMENT:

• We are advised of a 10 year lease, commencing 29/11/01. Landlord tenant protected.
• Discussions are due to commence to renew 10 year lease which should be completed prior to any sale.
• Three yearly rent reviews. No rpi increases.
• Rent advised at £17,000 per annum.
• Full repairing insuring lease.
• Free of tie on wines, spirits and minerals.
• Machine income 50%-50% split.
• Beer discounts.

CURRENT TRADE:

Sales around £140k excluding VAT for previous year end.

VIEWING: STRICTLY VIA The Pubshop Ltd

ESTIMATED INGOING

A traditional community local that appears to be in good order throughout and is ready to move into and trade. The existing leaseholder has kept the pub as a weekend hobby and has not exploited the bedroom or function room business properly. No catering is carried out at present but is a further good opportunity to grow the business.

FURTHER INFORMATION

Personal Licence Training can be supplied by our sister Company The Pubshop Training School Ltd. They offer the GQAL Level 2 National Certificate for Personal Licence Holders (NCPLH) across the UK. They can offer tutor led courses and their Express Home Study course. Examinations can be taken at many venues. They can also be contacted on 01305 786639 or visit their website: www.pubshoptrainingschool.co.uk

The Pubshop Ltd's Licensing Division caters for licensing applications for the Licensing Act 2003.

Please note that you will require the services of a solicitor for the assignment.

All representations made to this Agency from the 'landlord', including all financial considerations, premises, agreements and discounts etc are passed on to the Applicant, with the discretion of the Agent, but no guarantees of accuracy or descriptions of whatever nature are made between the applicant and the Agency.

These particulars are for general outline purposes and do not constitute any part of an offer or contract. No responsibility is taken for any other error, omission or mis-statement in the particulars during negotiations or otherwise or representation or warranty whatever, in relation to the property.

MISREPRESENTATION ACT 1967. PROPERTY MISDESCRIPTIONS ACT 1991. These particulars are provided only as a general outline of the property referred to. Applicants should make their own enquiries and inspection of the property to satisfy themselves as to the accuracy or otherwise of the information given. Other than this general outline neither we nor any person in our employment has the authority to make, give or imply any representation or warranty whatsoever relating to the property referred to above.

The Friendly Pub People