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The Green Dragon

The Green Dragon

Buttington, Welshpool
Property Detail Area

ABOUT THIS PROPERTY

The village of Buttington is located in the County of Powys, close to its border with Shropshire, and sits adjacent to the A4581 Welshpool to Shrewsbury Road on the Banks of the Montgomery Canal. It is approximately 3 miles from Welshpool and 15 miles from Shrewsbury. Description The Green Dragon is located on the edge of the village, on the main A458 and is a substantial property constructed of brick with colourwashed elevations under pitched and slate tiled roofs. It stands in grounds of approximately 2.5 acres and consists of public house, trade gardens, paddock and camp site. The ground floor provides a public bar with checkered quarry tiled and carpeted floor. There is bench seating with tables and chairs for approximately 24 customers with ample room for more standing. The room has a large open inglenook fireplace with a Victorian fire. There is a central, wood panneled bar area leading from the kithen area. The restaurant comprises the second half of the main ground floor space and has fixed bench, dining chairs and tables for 50 customers. This area is carpeted and has exposed timber beams to ceiling. Leading off the restaurant is a commercial catering kitchen with quarry tiled floor, tiled walls, extraction hood and a good selection of catering effects and equipment. Also on this floor are male and female toilets. A door from the bar area leads into the owner’s accommodation, with a lounge on the ground floor with stripped wooden floor boards. A second door from the bar leads into a laundry room, and from here down steps into the cellar, On the first floor there is a lounge with bedroom and bathroom off and two further bedrooms and a second bathroom. From this level stairs rise to the second floor where there are a further three rooms. To the front of the property is a car park for 25 vehicles. To the rear is an enclosed lawned area with picnic benches for 64 customers and access to an ‘L’ shaped field which has the benefit of five electric touring points and which can accommodate 18 tents. There is a small enclosed animal pen to the rear housing three goats. To the side of the property are former stables/ garages, now providing two large storage spaces. The Business Our clients purchased the business in September 2009 and immediately doubled sales overnight. They operate as a traditional village country pub and restaurant that benefits from its main rad position, serving tourists, passing and destination trade. It also supports a pool, two darts and two dominoes teams. It offers several fund raising events throughout the year supported by many local groups. The restaurant operates between noon and 3pm and 6-9.30 pm throughout the week and offers traditional British fayre with the lunchtime menu offering ‘2 for £10’. The evening menu is more substantial with a variety of starters, mains and desserts. The business is catering led and for the year ended August 2012 had gross sales of £180,265, working on a gross profit of 50% and a net profit of circa £25,000. The business carries a high wage cost due to the number of family members it supports. Licence A premises licence is held for the supply of alcohol between the hours of 11am until 11pm, seven days a week. (All measurements are approximate only) First Floor Bar/ Restaurant 822 sq ft (76 sq m) Kitchen 247sq ft (22.9 sq m) Owner’s Lounge 243 sq ft (22.6 sq m) First Floor 686 sq ft (63.8 sq m) Second Floor 462 sq ft (43 sq m) Cellar 381 sq ft (35 sq m) External Stores 674 sq ft (62.6 sq m)The property is held on a 12 year full repairing and insuring lease from Powis Castle Estates from 2008 and the current rent is £12,000 per annum (exclusive), fixed for the remainder of the term. The estate has indicated that it would be prepared to extend this term. We have made verbal enquiries to the local authority and have been advised as follows: - Rateable Value (2015/16): £1,750 Rates Payable (2015/16): £0 However interested parties should make their own enquiries to the local authority.

Price on Application (POA)

An abbreviation for "Price on Application" which indicates that price is not quoted publicly and will be revealed to qualified occupiers.
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