Pub sector specialists Colliers International are stepping up efforts to find a buyer for the Barbury Inn in Wiltshire - situated in the heart of some of the county’s most outstanding countryside.
Hotels Director Simon Wells said the pub in Broad Hinton - a popular destination for foodies, hill walkers, horse riders and history buffs – has to be sold by Easter.
He explained: “Our client wants to sell as soon as he can as he wishes to acquire another property. We have been asked to find a purchaser keen on acquiring a fully operational and recently refurbished pub for the sort of money people would normally expect to pay for a closed and run down property.
“They say the recession is a great time to pick up a property bargain but the Barbury Inn takes the biscuit.”
Situated in the heart of some of the county’s most outstanding countryside, the Barbury Inn is now on the market for offers over £225,000.
Simon Wells said: “The business is on target to take over £200,000 net of VAT this year so we are not looking for much more than turnover. It is heading towards a healthy profit which indicates a better than 25 per cent return on the purchase price.”
The pub is ideally situated to explore the concentration of hill forts and ancient monuments within the Wessex Downs Area of Outstanding Natural Beauty. It has been extensively refurbished and offers plenty of room upstairs to create some revenue-boosting letting rooms.
Located on the outskirts of Broad Hinton on to the busy A4361 midway between Swindon and Devizes, the pub is also a favourite with the locals with 56 per cent of trade from wet sales.
“The Barbury Inn has had a lot of money spent on it and it is very good indeed, particularly when compared to the closed pubs which are available at the same price. This has turnover and profit and is ideal for working owners.”
“This property represents excellent value for money and is a real opportunity for an active buyer who has not got enough spare cash to contemplate acquiring a run-down property. There are certainly plenty of those available which makes a business which is open, running and ready to go a real opportunity.”
There is space for around 60 covers and owners accommodation includes six large rooms, a kitchenette, bathroom, a separate WC and shower on the first and second floors. This could make a good owners’ flat on the second floor whilst leaving three rooms on the first floor for letting accommodation.
Simon Wells concluded: “The Barbury would be well suited to an enthusiastic couple who want to be ‘hands on’. At this price they will be getting their hands on a real Wiltshire gem.”
For further information please contact Simon Wells on 0117 917 2000.