GL15

The Nags Head is located in the hamlet of Yorkley Slade, west of the village of Yorkley. The town of Lydney is some 2 miles. The property is located in the Royal Forest of Dean which is well known for its ancient woodlands and rich industrial heritage. The forest was designated as England's first National Forest Park in 1938. Adjacent is the estuary of the River Severn. Both towns of Coleford and Cinderford are some 4 miles from The Nags Head respectively.

The Nags Head is situated on an elevated position allowing for the extensive views it enjoys with panoramic views of the River Severn and the Vale of Berkeley. The property is a pleasant, whitewashed rendered building under a pitched roof that dates back to 1788 and is briefly described as follows:

TRADE AREAS
- ENTRANCE VESTIBULE.
- MAIN BAR: an 'L' shaped area benefitting from a front and back SERVERY, both having tongue and groove panelled frontage. Traditional loose and fixed seating for 45-50.
- TRADE KITCHEN: with ancillary storage.
- LADIES' TOILETS.
- GENTLEMEN'S TOILETS.
- BEER CELLAR.

FIRST FLOOR:
- SKITTLE ALLEY/FUNCTION ROOM: located on the first floor with its own bar servery.

OWNERS' ACCOMMODATION
Located on ground and first floors and having its own external access.
- KITCHEN.
- LOUNGE.
- FOUR DOUBLE BEDROOMS.
- BATHROOM: with wash hand basin, WC and bath.

EXTERNAL
- BEER GARDEN: a wraparound lawned area which could comfortably seat 150.
- FRONT BEER GARDEN: enclosed by a stone walled beer garden which could seat 35.
- There is an extensive grassed paddock to the rear which measure's 2.5 acres. The entire site is 2.9 acres.

The business has been hitherto let on a traditional Pub Company style lease and therefore no trading accounts are available. Prospective purchasers will need to reach their own conclusion as to the potential trade and profitability which can be enjoyed at this outlet.

INVENTORY
The sale of the property will include trade fixtures and fittings which are in absolute ownership of the Seller and in situ on completion. Any branded or leased items and any items owned by third parties will be excluded.

FREEHOLD £375,000 to include fixtures and fittings. The Vendors are prepared to sell the freehold without the paddock.

The Property is elected for VAT. VAT will be levied on the sale price of the freehold at the standard rate on 90% of the purchase price. Purchasers may wish to satisfy themselves with independent professional advice that this VAT may be reclaimed.

No direct approach to be made to the business; please direct all communications through Sidney Phillips.

Viewing strictly by appointment only.