Lincolnshire - 5 Bed Pub And Restaurant With Detached 3 Bedroom Guesthouse
Business rates & charges may apply
- SIZE
Ask agent
- SECTOR
Pub for sale
- USE CLASSUse class orders: A3 Restaurants and Cafes, A4 Drinking Establishments, B1 Business, sui_generis_1, sui_generis_2 and Sui Generis
A3, A4, B1, sui_generis_1, sui_generis_2, sui_generis_3
Key features
- 2 Storey Link Detached 5 Bedroom Pub & Restaurant
- Converted Stable Housing 3 Double en-suite Letting Rooms 70% Occupancy
- Successful Business - Net Turnover Circa £345,000
- Open Plan L-Shaped Main Bar (60) & Restaurant (20)
- Commercial Kitchen, Laundry Room & Ground Floor Cellar
- Rear Trade Patio (70), Smoking Shelter & Car Park (12)
Description
FREEHOLD
Or
LEASEHOLD Premium £55,000. To include fixtures, fittings and goodwill. Stock at valuation in addition.
The Landlord will consider the creation of a new lease agreement on the following terms:
TERM: New 5-15 year lease (term negotiable)
LANDLORD & TENANT ACT 1954: Inside Part II Landlord & Tenant Act 1954
ASSIGNABILITY: Fully assignable
RENT: Annual rent £40,000, paid monthly in advance
RENT REVIEW: Dependent upon agreed term
REPAIR LIABILITY: Full repairing and insuring lease agreement
TIE: Free of all trade ties
INSURANCE: The Landlord will insure the building, the cost of which will be charged to the Tenant by way of an Insurance Rent
DEPOSIT: Equivalent to 3 months rent
All negotiation subject to covenant strength. An incoming party will be required to demonstrate sufficient funds to sustain their business model, and will need to demonstrate ingoing capital to cover the premium, rental deposits, stock and working capital as a minimum.
VAT will not be payable on the agreed sale price, premium or rental payments.
No direct approach to be made to the business; please direct all communications through Sidney Phillips. Viewing strictly by appointment only.
Lincolnshire - 5 Bed Pub And Restaurant With Detached 3 Bedroom Guesthouse
NEAREST STATIONS
Distances are straight line measurements from the centre of the postcode- Spalding Station7.4 miles
About Sidney Phillips Limited, East
Shepherds Meadow, Eaton Bishop, HR2 9UA
About Sidney Phillips
Pub, hotel and restaurant specialists with a bespoke and personal service
Whether you are looking to buy or sell a pub or a licensed business, we take great pride in delivering a personable service.
Our comprehensive expertise and experience ensure we are able to provide the highest standard of service to clients in the market.
Sidney Phillips operates a bespoke agency service which can assist with buying and selling of both leasehol
Notes
Disclaimer - Property reference 34319. The information displayed about this property comprises a property advertisement. Rightmove.co.uk makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and Rightmove has no control over the content. This property advertisement does not constitute property particulars. The information is provided and maintained by Sidney Phillips Limited, East. Please contact the selling agent or developer directly to obtain any information which may be available under the terms of The Energy Performance of Buildings (Certificates and Inspections) (England and Wales) Regulations 2007 or the Home Report if in relation to a residential property in Scotland.
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