Red Lion, Dunston

Freehold for Sale

Price: Offers in the Region of £350,000 Ex VAT

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Fantastic 17th Century Character pub/restaurant

Key Points

  • n/a - (n/a)
  • Beautiful Character 17th Century stone built freehouse
  • Located in affluent Lincolnshire Village
  • separate stone-built 5 bedroom letting accommodation lodge
  • Public Bar, two-roomed Lounge Bar and large Restaurant
  • Three Bedroom domestic accommodation

Location

The Red Lion is located in the sought after Lincolnshire village of Dunston. Dunston is a small village in the North Kesteven district. It is situated approximately8 miles south-east from the cathedral city of Lincoln, 12 miles to the north of Sleaford and 7 miles from Woodhall Spa. The village is close to the B1188 between Nocton to the north and Metheringham to the south. Historically, the village has met the needs of the local farming community but it now acts mainly as a feeder village for Lincoln.

Property

Believed to date back to the 17th Century, the Red Lion is a two storey detached property of coursed limestone walls beneath a pitched, pantiled roof, with single storey, flat and pitched roof extensions to the rear.  The property is full of charm and character with the well appointed ground floor trading areas briefly comprising a rear entrance hall leading to the Lounge Bar/Dining Room with timber bar servery, exposed stone walls, stone inglenook fireplace and hearth, wooden flooring and beamed ceiling, 2nd Dining Room with feature fireplace, upholstered perimeter seating and access to the main Restaurant room with approx 50 covers andbeamed ceiling. The Public Bar has a stone built bar servery, space for pool table, beamed ceiling, stone feature fireplace and upholstered perimeter seating.

The property also benefits from Ladies & Gents W.C.s, a fully equipped commercial catering kitchen with wash-up and prep room, walk-in freezer store, wine & bottle store, ground floor beer cellar and laundry room. 

The property also boasts purpose-built, 5-bedroom lodging accommodation (Red Lion Lodge) situated in the rear car park. The stone-built block provides 4x Twin rooms and 1x Double room. The Lodges boast en-suite shower/wet rooms and are furnished to the highest standard with TVs, Wifi, tea & coffee making facilities and hairdryers. 

The character runs through the domestic accommodation which is located over the first floor and briefly comprises, a lounge, three double bedrooms, office, kitchenette and bathroom with shower. 

To the exterior, the pub benefits from a gravelled car park, a rear beer terrace with seating for c.20, and a lawned area with shrub borders.

Trading Figures & Turnover

The business had garnered an excellent reputation during our client's 20 year tenure. The Red Lion is the only pub in the village and has darts and pool teams as well as a popular weekly quiz, steak night and Sunday Carvery. The business also attracts custom from the nearby towns and villages and vistors from far beyond patronise the Lodge accomodation. 

The business enjoys a 50% food, 37% wet, 13% accommodation trade split. The accounts for y/e 2016 show a net turnover of £309,496 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
£8,880.00 per annum (based on a Rateable Value of £18,500)
Council Tax
Available on enquiry

Middle Street
Dunston
Lincolnshire
LN4 2EW