Traditional Public House in Wallasey Merseyside

Wallasey, Merseyside, England

Advert Ref: 2822

Business Description

Preferred Commercial is pleased to offer for sale this traditional public house, which was established around 1759 and has been in our client's careful hands since 2004. The Magazine Hotel is now only being offered to the market due to our client's wish to retire. The public house opens 7 days per week and is predominantly wet sales lead although a food menu is offered at lunch times. Turnover is in the region of £416,000 per annum and achieves a gross profit of 58%. We feel turnover could be increased by expanding on the food menu and offering food in the evenings. The pub is listed in the Good Beer Guide and offers many cask beers. There is also scope to introduce a website which would help to promote the pub and restaurant further. Externally the premises are finished in traditional black and white which is keeping with other property in the area. There are many traditional internal features still in place with beams to the ceilings in the bar and restaurant. An enclosed beer garden and bowling green to rear are popular features of this business and the local bowling club are regular customers. There is spacious 4-bedroom owner's accommodation to the 1st and 2nd floors and the sunroom has wonderful views across the Mersey. The property is well decorated and maintained to a high standard throughout. This is an ideal opportunity to acquire a busy traditional public house with restaurant in a unique setting with huge scope for future development. Early negotiations with Preferred Commercial come highly recommended.

Business Status

Sold

Property

Leasehold

Lease Terms

Leasehold: Original length 10 years Remaining 2 years Rent review every 10 years Rent £54,000 per annum

Location

The Magazine Hotel is located on Magazine Brow, Wallasey, Merseyside which is a highly sought after residential area overlooking the River Mersey. The business occupies 3-storey detached property with private car park to side. Magazine Brow is built on the site of an old fort which once protected shipping from attack on the Mersey and defended Liverpool on the other shore. The land was redeveloped after 1912 and many unique features were left standing and integrated into the housing development, including the curtain wall and the ornate gatehouse. The town centre is approximately 2 miles away and shopping centres and other main amenities are in the area. Wallasey has good transport links to Liverpool as well as into Cheshire and North Wales. There is a railway station close by and the comprehensive road network links with the two Mersey Tunnels and the M53 motorway is accessed via the A554. Liverpool is only 4 miles away via the tunnels with Manchester some 40 miles east and Chester approximately 25 miles south. The M53 connects to the M56 some 20 miles away, which in turn links to the rest of the motorway network.

Premises Details

Well-presented traditional public house and restaurant with beer garden, bowling green and spacious 4-bedroom owner's accommodation over 2 floors. Briefly comprising: Ground Floor • Open plan lounge area with large wooden bar, 15 points of dispense including 5 cask beers, 2 x EPOS cash registers, optics displays, 4 x drinks chillers, feature fireplace, fixed seating to perimeter walls, carpeted and exposed beams to ceiling. • Snug with fixed perimeter seating, exposed beams and electronic games machine. • Second lounge with fixed perimeter seating, exposed beams and feature fireplace. • Restaurant area with fixed perimeter seating and tables and chairs. Trophy cabinet displaying local Bowling Club trophies. • Ladies and gents WCs with wash hand basins • Commercial kitchen with stainless steel wall cladding, worktops and extraction system comprising griddle, 4-burner range cooker, double deep fat fryer, microwave oven, dishwasher, refrigerator, freezer and commercial sink unit. • Storeroom with 4 x freezers and shelving. Lower Ground Floor Refrigerated beer cellar with bottle store. First Floor • Lounge with feature brick fireplace • Kitchen with fitted units, stainless steel sink and laminate flooring • Office • Sunroom with views across the River Mersey • Bathroom with bath, WC and wash basin Second Floor • 4 x large double bedrooms External • Enclosed beer garden and bowling green to rear • Bowling green • Tables and benches to front • Car park to side for approximately 8 cars

Trading Hours

Sun - Thu: 12.00pm to 11.00pm Fri - Sat: 12.00pm to 11.30pm

Please complete the form to the right and click on the Submit button below. The Agent will be in touch with you ASAP.

Please complete the form to the right and click on the Submit button below. The Agent will be in touch with you ASAP.