Shepton Mallet is a market town and civil parish located in Somerset, 16 miles southwest of Bath and 18 miles south of Bristol. As of 2019, it had an estimated population of 10,810. The town is nestled near the Mendip Hills to the north, with the River Sheppey flowing through it. Notably, Shepton Mallet is the closest town to the renowned Glastonbury Festival and is also in proximity to the Royal Bath and West of England Society showground. Shepton Mallet is well-connected by the A37, which links the town to Bristol to the north and Yeovil to the south. The A361 provides access to the town from the east and west, connecting to places like Glastonbury and Frome. The town is also within reach of the M5 motorway, with junctions at Bridgwater and Taunton, making it accessible from the broader motorway network. The town boasts a regular bus service, however does not have its own railway station.
Pub Layout
As you enter through the main roadside entrance, you'll immediately find yourself in the bar, which is a single-room setup with a central bar servery. The interior is furnished with a combination of fixed and loose seating, offering flexibility for different occasions. On the left side of the room, there’s a darts oche, perfect for engaging locals in friendly competition, while TVs are strategically placed on the right to cater to sports enthusiasts. Behind the bar, you'll find the domestic kitchen, conveniently located to serve the needs of the establishment and provide a back bar food offering. The ladies is located on one side of the bar, with the gents on the opposite side. The hidden gem to this site is the garden area which is located at the back of the pub. There's a spacious outdoor drinking area that features a well-maintained terrace, used as a smoking solution and a grassed area perfect for locals to enjoy the good weather.
The spacious accommodation consists of 3 bedrooms, lounge, bathroom and kitchen – (located downstairs).
Annual Rent: £17,000
Security Deposit: £5,000
Working Capital: £2,500
Stock: £2,500
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.
This opportunity is perfect for an experienced licensee or someone eager to enter the trade. While not required, local knowledge could be a significant advantage. We are looking for someone ready to take the helm of this well-established pub and propel the business to new heights. There’s great potential to introduce a backbar food service, host more regular events, and expand the sports offerings. The Victoria’s standout feature is its status as the only pub in town with a beer garden, a unique selling point that the new licensee should fully leverage, especially during the warmer months.
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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