Property Details: • Type: Ask agent • Tenure: N/A • Floor Area: N/A
Key Features: • High barrelage of c. 525 brewers barrels • Net turnover of £421,608 Y/E 30.09.23 • Adjusted net profit c. £165,000 Y/E 30.09.23 • Potential for letting accommodation (STP) • Scope to create a kitchen & food offer (STP) • Marquee space to rear. EPC exempt • Christie & Co Ref: 3451513
Location: • Nearest Station: Oldfield Park Station • Distance to Station: 5.1 miles
Agent Information: • Address: Whitefriars House, 6 Carmelite Street, London, EC4Y 0BS
Full Description: DescriptionThe Red Post is an impressive detached Grade II Listed, three storey building. Dating back to 1851, the property is highly visible from the main road with its standout characteristics. We understand the building had a two storey extension in 1998.LocationPeasedown St John is a large village about five miles from the city of Bath, and two miles north-east of the town of Radstock at the foot of the Mendip Hills.Internal DetailsThere are four distinct trading rooms, three of which are on the ground floor, with two separate ground floor customer entrances and a first floor function room, briefly described as follows:Front entrance porch with lobby and door into the Sports bar, which has four linked areas including one raised section which has the pool table and dart boards, long bar servery with flagstone flooring, a mix of tables, pews/benches, sofas and stools plus wide screen and AWP machines.Skittle Alley which would lend itself to conversion into a commercial kitchen.The Rugby Room, which has more of a lounge bar feel, also has it's own external access.Ground FloorSide access lobby area to the disabled toilet and cleaning storage cupboard. Stairs down to a large basement area with three rooms housing the cellar and storage.Other FloorsStairs to the first floor landing with access to the ladies and gentlemen's toilets. Door to attic storage space.Function Room with a bar servery, part wood and carpeted flooring, DJ Booth and lighting system. The capacity for private events is around 70.Letting AccommodationThere is potential to create letting rooms out of the six bedrooms located over the two floors.External DetailsThe large pub car park has a wide entrance easily accessed off the A367. There is a large lawned area to the rear which has previously sited a marquee and a barbeque. An outbuilding with a sloping pitch roof that may have scope for conversion to a letting.Large beer garden to side of the pub.Owner's AccommodationThere are six bedrooms, three on the first floor plus a large communal fitted kitchen and utility room. Further stairs to the second floor landing with three further rooms and a large communal shower room with toilet and wash hand basin.The OpportunityThis is a busy wet led business which sold over 520 brewers barrels (a brewers barrel contains 36g or 288 pints) during the twelve months of 2023.There is an opportunity to create a catering kitchen and letting accommodation to create new income streams for the business (STP).StaffOwner operated with full and part time staff.Trading InformationBeer and cider sales: 524* brewers barrels (36g/288pints) during the twelve months ending December 2023.*excludes bottled beer and ciderNet sales: £421,680 for Year Ending 30/09/2024, Adjusted net profit: circa £166,000Development PotentialThe owner has an architect's drawing of an initial site plan depicting the position of a proposed development of three terraced houses at the rear of the car park, which has not as yet been submitted.TenureThe property is being sold freeholdBusiness RatesThe rateable value from 1st April 2023 to present is £15,500.RegulatoryThe property has a valid premises licence.Energy Performance CertificatesEPC 1
