Bilston Street, Dudley, West Midlands, DY3
- SIZE
Ask agent
- SECTOR
Pub for sale
- USE CLASSUse class orders: A4 Drinking Establishments, sui_generis_1, sui_generis_2 and Sui Generis
A4, sui_generis_1, sui_generis_2, sui_generis_3
Key features
- Rental income £42,000 per annum with increases built-in
- Popular public house in mature residential area
- Good trading location on main road just off high street
- Property appointed to good standard
- 10 year term from August 2023
- Freehold investment £495,000 or nearest offer
Description
The White Lion sits on Bilston Road just off the high street and is a substantial property that is reputed to have been a public house since the early 1700's. The property appears to be of brick construction with partially rendered elevations under a pitched slate roof. It stands in ample grounds having off street parking and trade garden.
The property is let for a term of 10 years from August 2023 on a full repairing and insuring basis producing a rent of £42,000 per annum exclusive of VAT, which increases by £1,000 p.a. until it reaches year 5. The rent is then fixed until the last two years of the term, at which point it is Index Linked.
TRADE AREAS
GROUND FLOOR
Main entrance to OPEN PLAN LOUNGE BAR, comfortably furnished with seating for approximately 40. SERVERY. TV ROOM with seating for 16. RESTAURANT being well planned, easy to operate with glazed aspect to the garden and seating for 60. CATERING KITCHEN. LADIES AND GENTLEMEN'S TOILETS.
LETTING ACCOMMODATION
Located at first floor are THREE EN-SUITE LETTING BEDROOMS being TWO DOUBLES and ONE SINGLE.
OWNERS ACCOMMODATION
Also located at first floor is the PRIVATE ACCOMMODATION consisting of LOUNGE, KITCHEN/DINER, UTILITY ROOM and EN-SUITE DOUBLE BEDROOM. Please note the current tenant uses all accommodation for private use.
BASEMENT
KEG CELLAR.
EXTERNAL
Lined tarmacadam CAR PARK for approximately 30 vehicles and additional private parking for 4. To the rear is an enclosed TRADE GARDEN which can accommodate up to 60 comfortably.
Bilston Street, Dudley, West Midlands, DY3
NEAREST STATIONS
Distances are straight line measurements from the centre of the postcode- Coseley Station1.2 miles
- Priestfield Tram Stop2.1 miles
- The Crescent Tram Stop2.2 miles
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 93523. 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, The Midlands. 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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