Overview
- Updated On:
- October 24, 2022
Description
Louth, LN11
Pub for sale
Waggon & Horses, Louth
Offers over £750,000 Freehold
Key features
Traditional country pub
Bar and restaurant with 90 covers
Large function room
Multiple income streams
18 pitch caravan and camping site
Beer garden
Parking for up to 40 cars
Fantastic location
£110K ANP
£510K t/o
3-bed owners’ accommodation
Property description
The Waggon & Horses, Louth
Traditional country pub, campsite & shop
Offers Over £750,000 freehold
Summary
Gorgeous 19th century large country pub restaurant packed with traditional features in a fantastic location, caravan and camping site to the rear, beer garden and convenience store
The Waggon & Horses has a fabulous reputation and is a well-known destination pub and restaurant for both locals and tourists, being within easy reach of Louth, Mablethorpe and the Lincolnshire Wolds
The large restaurant comfortably accommodates around 60 covers with the lounge areas boosting this number to around 90
Large conservatory used for dining and functions, which can hold at least 32 covers
The village store is used by locals and tourists and sells convenience goods and foods, newspapers, magazines, and more
Sports facilities include a TV with BT sports and a pool table
A ‘pop-up’ Post Office operates from the pub between 10am and 12 noon on Wednesdays
There is a generous three-bedroom owners’ apartment above the pub; please see attached floorplan
Key Features
– Large freehold country pub
– Bar and restaurant with 90+ covers
– Conservatory dining/function room
– Village convenience store
– 18 pitch caravan and camping site
– Beer garden
– Large car park
– Lovely location
– £110K ANP / £510K+ t/o
– Owners’ accommodation
Opportunity
The Waggon & Horses is wonderful opportunity for a couple or family looking for a large successful ‘year-round’ traditional destination pub with dining, that sits at the heart of a village community and has a popular caravan and camping site along with a village store
Location
The Waggon & Horses is the only pub and convenience store in the small village of South Reston, on the edge of the Lincolnshire Wolds
In a prominent position on the A157 approximately 7 miles from Louth, 8 miles from Mablethorpe and 6 miles from Alford, it is extremely well placed and attracts regulars and tourists from coastal areas, the Wolds and beyond
Internal Details
Entering from the front, you are greeted by a welcoming and characterful lounge area with three sections, all feature filled with wood-panelled walls and ceiling beams
The well-stocked bar has 3 hand pulls and 5 taps, along with ample room for bar stool seating
The village store is located off the lounge section that has the pool table and TV
The cosy middle lounge section is directly opposite the well-stocked bar and has an open fire
The third section of the lounge offers a larger seating area adjacent to the restaurant, with access to the toilets and side entrance
The spacious restaurant area has its own service bar and leads through to the large conservatory dining/function room, which has a disabled toilet off
Well equipped commercial kitchen on the ground floor to the rear of the property, with several freestanding fridge and freezer units and generous worktop space
The cellar is equipped with six gantries for ales and is located on the ground floor
The well presented three-bedroom owners’ accommodation is on the first floor and offers two large bedrooms, a smaller bedroom/study, a modern bathroom with a large walk-in shower, a kitchen and a generous living/dining room
Please see the floorplans for further information
External Details
The front of the property stands in a prominent position, with an appealing mock-Tudor appearance and attractive stained glass windows
There is a large car park, beer garden and conservatory
The 0.9 acre caravan and camping site with 18 pitches including 8 electric hook-up points is accessed via the car park and has toilet and shower facilities, along with a fresh water tap, washing up facilities and a chemical toilet waste point
The facilities block to the caravan and camping site also has two garages
Additional external storage for good and equipment to the rear of the pub, along with a laundry room
Tenure
Nationwide Business Sales are delighted to offer The Waggon and Horses to the market on a freehold basis at ‘Offers Over £750,000’
Staff
All staff are subject to TUPE regulations
Financial
Full accounts are available upon request
Sales are circa £510,000 per annum generating an adjusted net profit in excess of £110,000 a year
Further information
The Waggon & Horses, South Reston has a dedicated website, please visit
The caravan and camping site is within the grounds of the Waggon & Horses and will not be sold separately
