11 March 2016 | Restaurants

Saracen’s Head waterside dining inn hits the market

Specialist property adviser Christie & Co has been appointed to sell the Saracens Head, one of West Lancashire's premier country pub and restaurant venues.

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The two storey detached property is over 100 years old and is located on the picturesque banks of the Leeds to Liverpool canal within the village of Halsall.  Having undergone a full refurbishment in recent years, the venue has been transformed into a contemporary environment with lawned beer gardens to the front and rear including outside dining areas, a children’s play area and a large car park.  The venue has a great reputation attracting both loyal locals and custom from a large catchment area and tourist trade.

In addition to the trading areas, the second floor of the building contains privately accessed owners accommodation which has also been completely refurbished to a high standard.  Offering four double bedrooms, fully-fitted modern kitchen and through dining room, large lounge with open fire, contemporary family bathroom, utility room and a further two storage rooms the residential element offers a development opportunity for rental or staff accommodation subject to planning and regulations.

The current owner, who is planning to relocate, has further helped to establish the business as one of the area’s most popular dining venues with an emphasis on offering locally sourced produce and seasonal menus. 
The property is available leasehold, subject to a passing rent of £66,000 per annum.  The current lease is offered free of tie on wines, spirits and minerals and 50% free of tie on real ales with Punch Taverns.

Christie & Co is seeking offers in the region of £175,000 for the leasehold interest on a 10 year lease from February 2014.

Keith Stringer, at Christie & Co is handling the sale. He says: “There is currently a demand for quality dining in scenic locations, and the sale of The Saracen's Head presents a superb opportunity to acquire a quality and thriving business in an excellent waterside location, building upon the ongoing success of our clients.

“The North West is flourishing so now is a great time to be looking at the market and an interesting time to be in it.”