Kings Arms High Street, Wellington, Somerset TA21 8RA

Leasehold Nil Premium • Free of Tie Lease • Prominent High Street Location • Extensive Ground Floor Trade Areas • External Trade Area • 4/5 Bed Owner's Accommodation SOLE SELLING RIGHTS REF: W-93640

VIEWING Strictly by appointment only through the West & South Wales office on 0117 923 8090. Please note the premises are currently closed. LOCATION The Kings Arms is situated on the High Street in Wellington town centre, a popular Somerset town with a population approaching 14,500. The property is situated on the main retail pitch, surrounded by a host of national retailers and coffee shop operators and benefits from good levels of footfall throughout the daytime and evening. DESCRIPTION A mid terrace property arranged over three storeys plus basement. The property has an attractive façade and is arranged to provide trading areas at ground floor and extensive owner's accommodation on the upper floors. The property also has the benefit of an external trade area to the rear.

Reflections House, 26 Oakfield Road, Clifton, Bristol BS8 2AT T 0117 923 8090 E bristol@fleurets.com fleurets.com - Our Reference: W-93640 © Copyright Fleurets 2016

LOCATION MAPS

Ordnance Survey © Crown Copyright 2016. All rights reserved. Licence number 1000047722. TRADE The premises have previously been operated under a lease therefore no accounts are available. The Kings Arms is well situated within the main retail thoroughfare in Wellington town centre. Given the levels of footfall it is ideally located to benefit from both daytime and evening trade. Historically the business has been wet led only and there is no trade kitchen, however potential exists to introduce a food trade. No trade is warranted or sold. Licensed trade experience and appropriate qualifications will be required. ACCOMMODATION Ground Floor Two customer entrances provide access to the front bar area. Bar servery provides approximately 20 covers. Rear BAR with further bar servery and DANCE FLOOR with booth seating (30 covers).

Further TRADE area to the rear overlooking the external trade area with approximately 15 covers. SKITTLE ALLEY. First Floor Currently arranged to provide lounge, double bedroom, kitchen, bathroom and storage. Second Floor Provides further accommodation, lounge, three bedrooms, a domestic kitchen, bathroom and separate WC. External To the rear of the ground floor trade area is an enclosed TERRACE which can accommodate approximately 15 covers. Access to a STORAGE YARD. Please note that the property is in need of refurbishment. Subject to experience and covenant strength. Capital incentives may be available. TENURE A new free of tie lease, terms to be negotiated. Guide rent £35,000 per annum. LICENCE A Premises Licence prevails, the main licensable activities are as follows: Sale of Alcohol: Sunday to Wednesday 1000 - 0200 Thursday to Saturday 1000 - 0300 Live Music; Recorded Music; Dance: Sunday to Wednesday 1000 - 0200 Thursday to Saturday 1000 - 0300 BUSINESS RATES The VOA website shows: The property has a 2010 Rateable Value of £33,500. The 2017 Rateable Value has been assessed at £32,000. The estimated Rates payable in the 2017/18 year are £14,944. The domestic accommodation is with Band A for Council Tax purposes SERVICES We are advised the premises are connected to all mains services. PLANNING & DEVELOPMENT The premises are neither Listed nor situated within a Conservation Area.

Reflections House, 26 Oakfield Road, Clifton, Bristol BS8 2AT T 0117 923 8090 E bristol@fleurets.com fleurets.com - Our Reference: W-93640 © Copyright Fleurets 2016

REQUIRED CAPITAL Applicants must be able to demonstrate a minimum capital of circa £15,000 to cover the purchase of the Landlord's inventory, stock and glassware at valuation, pay one quarter's rent and insurance and also cover legal fees, Stamp Duty and working capital. APPLICATION PROCEDURE Applicants are requested to complete a standard Criterion Asset Management application form and provide a business plan, cash flow forecast and evidence of funding prior to interview. To obtain an application form please contact Fleurets West & South Wales office on 0117 923 8090 or email bristol@fleurets.com ADDITIONAL INFORMATION i) The lessee will be responsible for a contribution toward the Landlord's reasonable legal costs. ii) All prices quoted and offers made shall be deemed to be exclusive of VAT and VAT will be added where applicable. In most cases VAT is reclaimable. Prospective purchasers should consult their accountant for professional advice in this respect. VAT All prices quoted and offers made shall be deemed to be exclusive of VAT and VAT will be added where applicable. In most cases VAT is reclaimable. Prospective purchasers should consult their accountant for professional advice in this respect.

EPC

FURTHER INFORMATION For further information please contact: Kevin Conibear at our Bristol office on 0117 923 8090 or email bristol@fleurets.com DISCLAIMER Fleurets Limited for themselves and for the vendors or lessors of this property whose agents they are give notice that: (i) the particulars are set out as a general outline only for the guidance of intending purchasers or lessees, and do not constitute, nor constitute part of, an offer or contract; (ii) all descriptions, dimensions, references to condition and necessary permissions for use and occupation, and other details are given without responsibility and any intending purchasers or tenants should not rely on them as statements or representations of fact but must satisfy themselves by inspection or otherwise as to the correctness of each of them; (iii) no person in the employment of Fleurets Limited has any authority to make or give any representation or warranty whatever in relation to this property.

Reflections House, 26 Oakfield Road, Clifton, Bristol BS8 2AT T 0117 923 8090 E bristol@fleurets.com fleurets.com - Our Reference: W-93640 © Copyright Fleurets 2016