The Gainsborough is located in the stunning village of Milborne Port in South Somerset. Milborne Port is a large friendly village, close to the Dorset border, The village has all of the main services you would expect including a primary School, shops, doctors' surgery, post office, library, churches, playing areas and a good range of societies and clubs. The Gainsborough stands alone on a large corner plot surrounded by houses just a short distance from the busy A30 High Street and the local Co-Op supermarket and has good on street parking available.
Pub Layout
Internally the pub has been recently decorated to a good standard throughout and benefits from exceptionally flexible trading areas by way of some clever zoning. Some areas are suited to drinking, whilst others, relaxing and other areas suited to eating, although all are flexible to suit the trading session. There is a separate breakfast/dining room which serves the well decorated and popular letting rooms as well as the lunchtime and evening diners. The bar area is a warm and cosy social area, great for locals to catch up over a pint and a game of pool and darts. The bar area leads onto the bright airy front part of the building which benefits from dual aspect windows ideal for serving up the pubs traditional pub food menu. The third zone lends itself to a comfortable relaxing drink, ideal for the letting room customers seeking a relaxing drink after a long day sight-seeing or the weekday business over-nighters catching up on some work. To the rear of the pub there is a raised decked area seating in excess of 30, this leads onto the well-kept gardens which currently has seating for at least another 30.
The owners accommodation includes 2 bedrooms, a kitchen, a living room and a bathroom in excellent decorative order
There are 3 well appointed and beautifully decorated, en-suite letting rooms, which have their own access corridor.
Annual Rent: £21,500
Security Deposit: £3,000 (Building to £5,000 during tenure)
Working Capital: £3,000
Stock: £3,000
Business Rates: £Nil. Based on the April 2023 rating list, the Zero Rates Payable is based on small business rates relief being applied and the licensee only occupying one property for commercial purposes.
Fixtures and Fittings: To be confirmed upon valuation – funding options may be available for the right licensee.
Training: £325 plus VAT
For a breakdown on financial information, please refer to the ‘Additional Info’ tab.
*Based on the April 2023 rating list, the Zero Rates Payable is based on the licensee only occupying one property for commercial purposes.
The Gainsborough is earmarked for a generous investment (subject to board approval), and therefore, the potential of this multi-faceted pub would ideally be fully unlocked by an experienced licensee or couple who possess exceptional standards and an understanding of the key ingredients required to operate a quality friendly community country pub with multiple income streams. The ability to develop a strong online presence and drive the occupancy levels and room rates of the letting rooms as well as really driving the reputation of the food will be key to taking this stunning business to the next level.
The Letting rooms have excellent online reviews, and the pub is a fantastic example of well-loved business with a strong local following. The future is exciting and developing a well received food trade will be critical. Developing further unique selling points, such as locally sourced meats will take the pub to the next level. The fantastic outside area has huge potential for summer events, beer festivals and has potential to be used for private and organised events and family occasions.
Love Your Pub Group will send the above details on your behalf to your selected product provider(s)
Insurance disclaimer
Towergate Insurance Brokers is a trading name of Towergate Underwriting Group Limited. Registered in England No 4043759.
Registered address: 2 Minster Court, Mincing Lane, London EC3R 7PD. Authorised and regulated by the Financial Conduct Authority.
Finance disclaimer
Portman Finance Group includes Portman Asset Finance Limited (Reg No: 06226530) which is authorised and regulated by the Financial Conduct Authority for its credit broking activities and deals with a panel of lenders (FRN: 719988), Portman Leasing Limited (Reg No: 06797365) authorised and regulated by the Financial Conduct for Consumer Hire lending (FRN: 723730) and Portman Commercial Finance Limited (Reg
No: 10011121). The companies within Portman Finance Group are all registered in England and Wales with registered offices: 1 Pavilion Court, 600 Pavilion Drive, Northampton, NN4 7SL
Mortgage disclaimer
The Mortgage Hut Limited is an appointed representative of Mortgage Advice Bureau Limited and Mortgage Advice Bureau (Derby) Limited which are authorised and regulated by the Financial Conduct Authority. The Mortgage Hut Limited. Registered Office: Ground Floor, Threefield House, Threefield Lane, Southampton, Hampshire, SO14 3LP Registered in England Number: 07629941
Your home may be repossessed if you do not keep up repayments on your mortgage. There may be a fee for mortgage advice. The actual amount you pay will depend upon your circumstances. The fee is up to 1.5%, but a typical fee is 0.3% of the amount borrowed.
MISREPRESENTATION ACT 1967
The Love Your Pub Group gives notice that the contents of these particulars are believed to be correct but are given without responsibility and intending purchasers or lessees should satisfy themselves by inspection or otherwise to their correctness. These particulars do not form any part of any offer or contract and no person in the employment of the company has any authority to make or give representation of warranty to this property.
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