Gloucestershire - Riverside Country Pub With Well Established Trade-nil Premium Furnished Tenancy

The Red Lion is an iconic riverside pub in a beautiful part of Gloucestershire, dominated by the River Severn. The property enjoys an excellent riverside location and has something of a "cult" status within the locality, being the number one destination pub and dining venue. The property is of Georgian design, constructed of red brick under a pitched slate roof. It offers three internal trading areas and spacious owners accommodation. The "Jewel in the Crown" is the outstanding riverside garden which can accommodation well in excess of 200 seated customers, with ample room for many more.

Wainlode Hill enjoys a rich history, formerly being a ford crossing at the River Severn, and therefore has been used since the time of the ancient Britons through Roman, Medieval and Victorian times. It is thought the ford became unpassable during the 1850's, when the river was dammed at Tewkesbury in order to assist with the construction of the local canal system. Wainlode Hill is a residential area and one of the prettiest stretches of the River Severn, being only six miles from Gloucester and Tewkesbury City Centre and nine miles from Cheltenham town centre, with the M5 being only eight miles distant. Its proximity to these three major populous areas has helped the business establish itself as an excellent destination drive-to pub and restaurant.
TRADE AREAS
Front entrance having a stone flagged floor, wood panelled walls and entrance into large L-shaped LOUNGE BAR of considerable character and seating 30. This room has stripped wood, part exposed brick and wood panelled walls and a feature fireplace with woodburner. Bar counter. SNUG to seat eight, and DINING ROOM to seat 18, both rooms decorated in a similar fashion to the Lounge Bar, and with the benefit of a solid fuel burner to the Dining Room. CATERING KITCHEN in two sections, being comprehensively equipped with commercial catering equipment including a 6 grid Rarionale oven. Dry Stores. LADIES & GENTLEMENS TOILETS and on level CELLAR.

OWNERS ACCOMMODATION
FIRST FLOOR : 3 BEDROOMS (double). Large OFFICE. Family BATHROOM and separate SHOWER ROOM.

EXTERNAL
To the front of the property is an outstanding RIVERSIDE GARDEN with bench seating for approximately 200 customers, but with ample room for more. Roadside parking for about 30 vehicles, with access to an additional field "overspill" parking arear for many more. To the side is the private yard which has access to the rear Freezer Store (part of a large former air raid shelter).

Brick constructed OUTBUILDING on two floors. The tenant will have use of the ground floor area for storage. The first floor flat of the main outbuilding will not be included in the lease.
The business operates as a destination riverside pub attracting a large number of customers from the nearby towns and cities of Gloucester, Cheltenham and Tewkesbury, along with a number of smaller towns and villages and those boating on the River Severn. The freeholders purchased the business in 2014, refurbished it and then began trading, with sales growing year on year.

Sales for the financial year ending 2024 provide evidence of sales exclusive of VAT of £393,702. however, it should be noted that the business did trade at much higher levels previously. Further accounting information may be available to serious parties following a formal viewing.

Our clients have found the pressure of running the pub under management, along with their other business commitments, increasingly difficult and have therefore decided to let the property to suitably qualified tenants.
NIL PREMIUM for the furnished tenancy: terms below.

No direct approach to be made to the business; please direct all communications through Sidney Phillips.

Viewing strictly by appointment only.

TENANCY: Nil Premium
TERM: 3 years
LANDLORD & TENANT ACT 1954: Outside of Sections 24-28 Landlord & Tenant Act 1954
ASSIGNABILITY: Non assignable
BOND: £10,000
RENT: £36,000 per annum, paid monthly in advance
RENT REVIEW: Subject to annual increase by Consumer Price Index
REPAIR LIABILITY: Part repairing and insuring lease agreement. This is not a full repairing and insuring lease with the freeholder retaining responsibility for the structure of the building. The lessee will be responsible for internal maintenance, repair and decoration as well as the decorative condition of the exterior of the property.
FIXTURES & FITTINGS: Will be retained by the Landlord. The Tenant will be responsible for their repair, maintenance and replacement (when beyond repair).
UTILITIES: The Tenants responsibility. Landlord will contribute £150 to the tenant per month to cover the utility cost of the retained flat.
TIE: Free of all trade ties.
INSURANCE: The Landlord will insure the building, the cost of which will be charged to the Tenant by way of an Insurance Rent
VAT:VAT will be payable on rental payments.