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Pub/bar for sale

£550,000 (£550,000/sq. ft)

Church Street, Newent GL18

Pub/bar for sale 1 sq. ft*
Interested in this property? Call +44 1981 286951 * or Request Details

* Calls to this number will be recorded for quality, compliance and training purposes.

Property description

17th century Inn with 3 section beamed bar
Separate restaurant/games room and catering kitchen
5 en suite family size letting bedrooms
Gardens and car parking and p/p for the construction of 5 2-bedroom townhouses
Currently closed

freehold £550,000 to include goodwill and fixtures and fittings. Stock at valuation in addition.
Or alternatively:
Leasehold £15,000 plus VAT to include the trade inventory.
Term Six years
landlord & tenant act 1954 Inside Part II Landlord & Tenant Act 1954
assignability Fully assignable subject to Landlord’s consent
bond A bond equivalent to 3 months’ rent in advance
rent £20,000 per annum, paid monthly in advance
rent review Subject to rent reviews every third year of the term
repair liability Full repairing and insuring lease.
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
VAT VAT will be payable on the Premium and rental payments

No direct approach to be made to the business; please direct all communications through Sidney Phillips.

Viewing strictly by appointment only.

* Sizes listed are approximations. Please contact the agent to verify actual sizes.

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For more information about this property, please contact
Sidney Phillips, HR2 on +44 1981 286951 * (local rate)

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Disclaimer

Property descriptions and related information displayed on this page, with the exclusion of Running Costs data, are marketing materials provided by Sidney Phillips, and do not constitute property particulars. Please contact Sidney Phillips for full details and further information. The Running Costs data displayed on this page are provided by Zoopla to give an indication of potential running costs based on various data sources. Zoopla does not warrant or accept any responsibility for the accuracy or completeness of the property descriptions, related information or Running Costs data provided here.

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