East Street, Pembridge, Leominster

£470,000

Guide price

  • Bedrooms: 5
Dating back to the 14 Century The Kings House is set in one of Herefordshires most picturesque rural villages. Currently successfully trading as a restaurant but holding a full premises license the current owners are looking to retire. The property has a wealth of character and charm throughout, with the benefit of spacious 4/5 bedroomed living accommodation on the first floor with potential for B&B. To the rear is pleasant garden, garaging and leads onto a large Local Authority owned village carpark.

LOCATION

The Kings House, dating back to the 14 Century, stands in the centre of the village of Pembridge, which is one of Herefordshire's most picturesque villages being signposted on the black and white trail. The village is approximately 7 miles west of Leominster, facing the A44. Pembridge is a popular village with the famous Old Market Hall in the centre. The village attracts a large number of visitors and is a focal point in the surrounding area.

The present owners have established a quality restaurant operation which has been run to suit their personal lifestyle, but still produces good levels of turnover and profitability. The trade could be increased quite substantially without resource to further capitalise expenditure by merely increasing the trading hours. There is also the possibility to create 4 letting bedrooms on the first floor as well as retaining an excellent private flat.

BRIEF DESCRIPTION

This is one of the County's finest hospitality venues, which is currently trading solely as a restaurant but holds the full premises licence, so could easily be converted back into an Inn, with the additional benefits of overnight letting accommodation. The property in brief includes: a main front door which opens to an enclosed reception area which in turn leads to the main restaurant which is principally divided up into 3 dining area, the first of which has brickette fireplace, exposed beamed ceilings with seating for approximately 12 customers. The central area of the restaurant, again has exposed beamed ceiling, part wood panelled walls, feature stone fireplace and currently seats 12 customers. The third area of the restaurant, being the largest, has black and white half-timbered walls, exposed stone open fireplace and currently seating approximately 28 customers. The bar servery has a panelled frontage and tiled top.

There are customer toilets leading off the restaurant, with the gentleman's toilet having a slab urinal, w.c. and wash hand basin with quarry tiled flooring and part-tiled walls. The ladies toilets having 2 separate w.c. cubicles, vanity unit, wash hand basin, part-tiled walls and carpeted flooring.

Leading off the bar is access to a good sized preparation secondary kitchen area which leads on to the galley style kitchen to the rear with fully tiled walls and purpose made stainless steel extractor canopy. There is an extensive array of commercial grade stainless steel catering equipment, with a walkway linking the 2 rooms with walk-in cold room additional storage and access out to the side elevation. The property has been granted a 5 Star Hygiene Rating. There is a door from the restaurant down to the beer cellar and there is also a private study/office on the ground floor.

The first floor accommodation has a wealth of charm and character throughout, and is currently utilised by the owners as one residence, but could easily be divided into two separate areas, providing both private and letting accommodation. It is currently set out with a good sized kitchen with an extensive range of kitchen units, beamed ceilings, breakfast bar and exposed walls. This could easily incorporate a seating lounge area. There is a bathroom and a double bedroom with an en-suite shower room. These three rooms could be separated from the rest of the accommodation by a doorway, which would provide a private flat if the other four rooms were utilised for letting purposes. They currently comprise four good size rooms which provide double bedroomed accommodation, one of which is currently used as the owners living room, with one having en-suite w.c. There is a separate family bathroom and separate w.c. off the landing.

OUTSIDE

Immediately to the rear of the property is the commercial garden which has space for approximately 20 people and offers an excellent additional trading area during the summer months. To the rear of the commercial gardens is a private garden, which again is laid to lawn and leads through to a double garage and metal store building. To the rear of the property is a large Local Authority owned car park with space for approximately 30 cars.

THE BUSINESS

The Kings House currently operates principally as a restaurant, but has historically been a public house named as The Greyhound or The Pembridge Inn. It currently operates limited trading hours, being only open 8 sessions a week, both lunch times and evenings Wednesday through to Friday, Saturday evening and Sunday lunchtime. The trading accounts are available through the Selling Agent. Further information can be found at the client's website www.kingshouseinn.co.uk

OUTGOINGS

Rateable Value for the property 2018/2019: £4,400

The property benefits from 100% rural rate relief.

TENURE & PRICE

FREEHOLD £470,000 to include fixtures, fittings and goodwill. Stock at valuation in addition.

LICENCE

The property holds a current Premises Licence allowing the retail of alcohol between the hours of 11.00 am and 11.00 pm throughout the week.

SERVICES

All mains services are connected and the property benefits from gas fired central heating

EPC

The property is Grade II Listed and therefore does not require an EPC.

VIEWING

Strictly by prior appointment through the Agents, Jackson Property. Tel. 01568 610600.

DIRECTIONS

From Leominster proceed west on the A44 Brecon Road just over 3 miles, turn right and continue on the A44 towards Pembridge, continue into the village of Pembridge where The Kings House will be found on your right hand side close to the centre of the village.

Marketed by Arrange viewing 01568 368014

Jackson Property - Leominster

3 Broad Street, Leominster, Herefordshire

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