Pilot Boat

Pilot Boat


Location Pin

Pilot Boat1 Bridge St, Lyme Regis, Dorset, DT7 3QA

Set at the edge of the beach in the beautiful and historic coastal town of Lyme Regis, the Pilot Boat offers a wide range of all-day dining options from the huge open plan kitchen and pizza oven, artisan coffee from early morning, and full range of Palmers award winning ale. The pub has the additional benefit of three beautifully appointed boutique letting rooms all complete with oversize bathrooms, 4k television, mini bars and stunning views out to sea. A sun trap roof terrace, air-conditioned restaurant and inside-outside bar give a contemporary edge to compliment the historic old pub where the legend of Lassie was born, with the pub recently winning the CAMRA pub refurbishment of the year award, gaining national recognition for the pub following Palmers biggest project to date in 2018.

Rent

(% of turnover net of VAT)

Rent: Wet

Wet 9%

Rent: Dry

Dry 10%

Rent: Accommodation

Accomm. 15%

Split

 

Split: Bar

Bar 30%

Split: Food

Food 60%

Split: Accommodation

Accomm. 10%

Barrelage

337

3-Year average composite
annual barrelage

Covers

216

Covers

Ingoing investment


Trade Inventory

TBC  

Stock and Glassware

£12,000*

Security Deposit

£15,000  

Brokers fee

£1,000*

Rateable value

£57,000  

* ex vat subject to valuation


The Pilot Boat is Palmers Flagship property in Lyme Regis, with an unenviable position at the edge of the beach in the old town. Complete multi-million-pound refurbishment works in 2018 have positioned the pub as one of West Dorset’s premier locations for food, drink and accommodation with the pub boasting three beautifully appointed letting rooms with oversized bathrooms boutique feel.

Downstairs, the front area of the ‘old pub’ retains the charm and character of the original building, with snug and informal seating leaning to a traditional pub atmosphere. This in turn leads through to the main bar, with huge bifold doors that open out onto the lower courtyard with ample al fresco dining for a real Mediterranean feel over the summer months. Stairs from the courtyard lead up to the sun trap roof terrace- perfect for sundowners, morning coffee and indeed all-day dining.

The highlight of the complex is the air conditioned 110-seater restaurant at the back of the building with high galley ceiling immersive feel open plan kitchen with huge Pizza oven and commercial set up that is geared for both quality and volume.

Management accommodation and an additional HMO team apartment with plenty of parking is available under favourable separate agreement within 2 minutes of the pub, which was fully refurbished at the same time as the major works in 2018.

The property has beaten all expectations since relaunch in June 2018, and only on the market due to progression of the current licensees to new projects within our estate.

Early application is strongly recommended, and we are particularly interested in talking to operators with a proven track record in premium service led and high-volume environments- either in the managed sector as General Manager or Operations Manager or as business owners looking to take over an already incredibly popular and profitable destination site in a breath-taking location.

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