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The Ship is located in the centre of the village of Morton, situated in the parish of West Lindsey in Lincolnshire. Morton has a population of around 1,350, but it is very close to the larger market town of Gainsborough. Gainsborough offers a wide range of facilities, including local shops, supermarkets, schools, a health centre, and ample sports facilities. Morton boasts excellent transport links via the A631 to Gainsborough connecting to larger cities via the A1 and M18 and provides regular bus services between Morton and surrounding towns and villages making The Ship easily accessible for the locals.
Pub Layout
This attractive, well-presented pub boasts lots of traditional character and features a large open-plan area. The centrally located serving bar offers full viewing access to the entire trade space. On the left, there is a games area equipped with a pool table and darts board, while on the right, there's a lounge area with low-level seating, ideal for drinking and socialising. Behind the bar, you'll find a well-equipped trade kitchen. Access to the beer garden and smoking shelter is through the games area.
The private accommodation is in good condition and compromises of three ample size bedrooms, lounge and bathroom, with the trade kitchen being utilised for the domestic area as well.
Annual Rent: £17,000
Security Deposit: £5,000
Working Capital: £3,000
Stock: £3,500
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.
Tie: All drinks categories are tied. For fully funded licensees on long term agreements, we offer free-of-tie options for certain drinks categories in exchange for an annual fee.
Training: £325 plus VAT
For a breakdown on financial information, please refer to the ‘Additional Info’ tab.
Admiral Taverns are looking for a licensee with the skills and qualities needed to maximize this terrific opportunity including the desire and motivation to run a village local and to get involved in community events. Some catering experience would be desirable and there lies an opportunity to extend the food offer by driving the lunch time trade. The pub currently has a very good reputation in the area and is well supported by the local residents, however, someone who can really drive this pub forwards and encourage those from further afield would be an advantage.
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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