Cross Swords Inn, Skillington

Freehold for Sale

Price: Offers in the Region of £395,000 Ex VAT

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Delightful stone built freehouse & restaurant situated in picturesque village

Key Points

  • n/a - (n/a)
  • delightful stone freehouse-restaurant with wonderfully appointed trading areas
  • separate ensuite letting accommodation cottages
  • 2-3 bedroom domestic accommodation
  • Only pub in the village with tremendous potential to increase trade
  • Reluctant retirement sale

Location

The Cross Swords Inn in located in the heart of the picturesque village of Skillington in the South Kesteven district of Lincolnshire. The Cross Swords is the only pub in the historical village, which is located close to the Leicestershire-Lincolnshire border and the Vale of Belvoir. The village has excellent communication links being just 1.5 miles west of the A1 road and lies just 6 miles south from Grantham, 11 miles north east of Melton Mowbray and 12 miles to the north of Oakham.

Property

Believed to date back to the early 1800's, the Cross Swords is a two storey, stone-built detached property beneath a pitched, tiled roof, with single storey, flat roof single storey extension.  The well appointed ground floor trading areas briefly comprise a rear entrance hall with tiled floor leading to Bar area with corner timber bar servery well equipped for the trade, upholstered perimeter seating, tiled and wooden flooring; feature fireplace with stone surround and access to the L-shaped Restaurant area, tastefully decorated with approx. 35 covers. The property also benefits from refurbished Ladies, Gents and Disabled W.C.s, a fully equipped commercial catering kitchen with pantry and freezer store, and a basement beer cellar. 

The property also boasts purpose-built, 3-bedroom letting accommodation cottages situated in the rear car park. The stone-built block provides 2x Twin rooms and 1x Double room. The tremendous rooms all have solid oak flooring, ensuite shower/bath rooms and wall mounted TVs. A fourth room, currently used for family storage could be easily converted into a 4th Letting room, if required.

The domestic accommodation is located over the first floor and briefly comprises, a lounge with wooden flooring, 2 bedrooms, office, store room and bathroom. The domestic accommodation has been refurbished by our clients to offer very well presented living areas.

To the exterior, the pub benefits from a car park, paved rear beer terrace with picnic bench seating for 16, lawned area with shrub borders, outdoor drinking area to the front with smoking shelter and picnic bench seating for 8.

Fixtures & Fittings

We understand that the fixtures and fittings are owned by our clients and will be included in the sale.

Trading Figures & Turnover

The business had garnered an excellent reputation during our client's 27 year tenure. The Cross Swords is the only pub in Skillington but attracts custom from the nearby villages and far beyond. Numerous awards and commendations such as the CAMRA Country Inn of the Year, Tripadvisor Certificate of Excellence and the AA Dinner Award have been received and the letting accommodation also boasts an AA 3* Gold rating. The pub also receives great support from the nearby Gliding club, who regularly use the pub. 

The business enjoys a 55% wet, 45% food trade split, in addition to the income derived from the letting accommodation. The accounts for y/e 2017 show an adjusted net profit of £50,799 with tremendous potential to improve trade for a new operator.  Further trading information can be provided to genuinely interested parties who have previously viewed the business premises.

Tenure

We are advised the property is Freehold.

Rates & Charges

Business Rates
£0.00 (based on a Rateable Value of £5,300)
Council Tax
Available on enquiry

The Square
Skillington
Lincolnshire
NG33 5HB