Wheelwright Arms offers handy B&B

If you've got your heart set on taking over the tenancy of a substantial Somerset pub, restaurant and B&B in a prosperous catchment area, then this could be just what you're looking for.

The company behind the Wheelwrights Arms in the village of Monkton Combe near Bath is now inviting interest from new operators to put forward their proposals to revitalise this well-positioned country pub, sited just three miles from Bath city centre in an area renowned for its well-to-do residents.

HPH Commercial Property of Bath recently acquired the business situated in the heart of the Somerset village. The company has set about refurbishing and repairing the external facilities of the property.

HPH is looking for tenants who are able to take occupancy shortly as its work programme is due for completion in mid-September.

The new operator will be able to adapt and overhaul the interior to suit their requirements for how they intend their new business to function.

The property currently offers 28 restaurant covers, further seating for 25 in the bar area, approximately 60 further covers in the garden and patio areas and an additional 25 covers in the adjacent bed and breakfast dining room.

New fit-out designs, changes to the quality of catering and the tenants' ability to fund an extensive internal re-fit will all be of crucial importance in determining the final choice of tenant at the property.

Describing the property, Tim Meek of James A Baker said: 'The pub has been at the centre of Monkton Combe life for over 150 years.

'Such high quality traditional English pubs in an idyllic picturesque location without tie seldom come to the market.

The business is being offered by way of a new 24-year lease with four-yearly rent reviews, with offers being sought on the basis of an annual rent of £37,500. A premium of £30,000 will secure the lease, fixtures and fittings.