Sold

Ye Olde Punchbowl Inn

Ludlow Road, Bridgnorth, Shropshire WV16 5NQ
Ref: 5652051
Freehold£1,350,000

Contact Our Agent

Keith Stringer
Keith StringerDirector - Pubs & Restaurants

At a glance

  • Profitable award winning managed freehouse
  • Lounge, bar & dining restaurant (100)
  • Function suite (150) & 3 guest rooms
  • Adjusted profits to Dec '24 £212,866
  • Outdoor dining (60). Customer car park (60)
  • Gardens incorporating dual lakes, gazebo & private veranda. Energy Rating B
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Ref: 5652051

Ye Olde Punchbowl Inn

Description

A characterful and historic detached inn of predominantly stone clad elevations beneath a multi-pitched tiled roof line, first licensed as an inn in 1740. The property has been greatly improved and extended over the years, most recently by the current owners with the addition of a purpose-built single storey suite, which ideally complements the large landscaped gardens, and captivating panoramic views to the rear. The property benefits from a large customer car park for some 60 vehicles.

Internal Details

The property is presented in turnkey condition incorporating a number of characterful period features including beamed ceilings, and open-grate inglenook fireplaces. Entrance porch to locals bar and snug (30) served by a reclaimed brick wooden top bar servery. Split level dining restaurant (50) with wooden panelled wall. Function suite (150 seating), purpose-built air-conditioned customer area with wooden bar servery, dance floor, and full height picture windows to the outdoor seating area.

Fixtures & Fittings

All fixtures and fittings are to be included within the sale however, any items that are owned by a third party or personal to our clients will be exempt.

Ancillary Areas

Two sets of customer wc's for both lounge bar restaurant, and function suite. Comprehensively equipped trade kitchen, fridge and freezer rooms, trade cellar, and plant room.

Letting Accommodation

Three luxury bedroom suites with heated underflooring, king sized beds, en suite bathrooms with power showers, and large screen digital tv.

External Details

The property enjoys gardens and grounds extending overall to some 1.46 acres incorporating; raised outdoor seating and dining area, two ornamental pools with Japanese style bridge, gazebo and private veranda, offering panoramic views over the Shropshire hills. Customer car park for some 60+ vehicles.

The Opportunity

The business is run as a destination locals and dining restaurant and function suite, being licensed for both civil ceremonies and weddings. Furthermore the business will undoubtedly benefit from the recent planning permission granted to renowned house builder Taylor Wimpey for the Tasley Garden Village development, Bridgnorth for the construction of up to 1050 new family and affordable homes.

Trading Information

Management accounts December 2024 net turnover £834,347 with an adjusted net profit (adding back loans and depreciation) of £212,866

Trading Hours

Food service Monday to Saturday: 12pm - 13.45pm Tuesday to Thursday: 5.30pm - 7.30pm Friday & Saturday: 6pm - 8.30pm Sunday: 12pm - 4pm

Planning Permissions

Consent for larger car park, and 3 two bed log cabins.

Tenure

We are advised the business is freehold and free from chief rent.

Business Rates

The Rateable Value is £45,000 with effect from April 2023. Confirmation of actual business rates payable should be obtained from the local authority.

Regulatory

Premises licence.
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