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Old Pier Tavern

Pier Street, Burnham On Sea, Somerset, TA8 1BT
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FREE OF TIE

Facilities

Cask Ale
Catering Kitchen
Free of Tie
Live Entertainment
Car Park
Restaurant/Dining
Live Sports
Experienced Operator
  • Cask Ale
  • Catering Kitchen
  • Free of Tie
  • Live Entertainment
  • Car Park
  • Restaurant/Dining
  • Live Sports
  • Experienced Operator

Location

Fantastic free of tie venue with live music and a late licence

Ingoing Cost: £15,000.00
Rent: £30,000.00
Agreement Type: Lease
Reference Number: JJOJ08 / PB-041119

The stated ingoing figures are correct at point of advertising. Please be aware there may be additional costs.

Property Features:

The Old Pier Tavern is based in Burnham-on-Sea, a large and very popular seaside town in Somerset, England, at the mouth of the River Parrett, upon Bridgwater Bay, boasting over 20-holiday parks in the area, including Pontins and Haven. Pier street being the main arterial route from the town to the beach having considerable foot traffic. The venue is a matter of meters from the beach, overlooking the sea.

Established in 1840 the venue has a long tradition of being a pub, but also a great live music venue, boasting one of the largest stages and dance floors in the area; usually every weekend there are live performances, from Rock ‘n’ Roll to Drum and bass, to battle of the bands, etc. The venue has had a 2.30 am licence on Thursdays, Fridays and Saturdays which enables the venue to cater for a wide variety of performances.

The venue is approximately 1850 square feet, with all certificates up to date, including gas, electrical, PAT testing, burglar and fire alarms. A brand-new python system has also been installed. The venue consists of a cellar, CCTV room/store, office, commercial kitchen, further store, a small further store, ladies’ toilets (4 Cubicles), gentleman’s toilets (2 cubicles and 3 urinals) a restaurant area, stage and dance floor and parking area for one vehicle at the back.

The venue also has a commercial kitchen, Sunday roasts being particularly popular, with a current restaurant area for about 30 covers, but this could easily be extended to accommodate many more if the dance floor was used for this during the day.

There are two additional floors with planning permission as an HMO for eight letting rooms, two bathrooms, a separate toilet and kitchen/lounge. There is an option to rent this area, looking on sparerooms.com, rooms currently let for between £450 and £500 a month. Taking an average of £475 this would offer a potential yield of £45,000 a year assuming no breaks. The alternative is to let the rooms individually, included is a family room, the family room during the summer can demand £90 a night and the others £75 a night, five of the rooms have a sea view.

The venue is free of tie, allowing the venue to offer a wider and often locally sourced beverages such as real Somerset cider!!

Only meters away there is a coach park, often Burnham-on-Sea is used as a stopover, from up North or Wales allowing the travellers a 2-hour break. This is an ideal opportunity to attract customers in to have a welcome rest, a bite to eat and a pint. 

Opposite the site there is a very large carpark, that is free after 6 pm.

Trading Style:

The Old Pier Tavern is a fantastic venue, with considerable potential to develop the site into one of Somerset’s and the South West’s live music venues, attracting custom all year round. With multiple income streams, from entertainment, food and beverages, with the option of also including the accommodation as a further income stream, this should prove to be a very attractive proposition in a very popular seaside resort.

The Landlords are looking for an experienced publican who would like to nurture the live music and entertainments aspect, capitalising on the food potential, providing a comprehensive range of beverages.

Private Accommodation:

The upper two floors have private accommodation, should the tenant require accommodation for an additional cost this can be arranged, or as an alternative, the tenant can lease the upstairs and enjoy an additional lucrative income stream. 

 

 

Key Financial Information

Please note that the energy performance certificate is available from the landlord

Length of Tenure:10 years
Agreement type:  New lease
Rent: £30,000 plus VAT
Ingoings: £15000.  Plus VAT

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