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Attractive stonebuilt detached VILLAGE FREEHOUSE

Price:
Leasehold - £99,950
Turnover:
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Seller Ref:
H7817
Location:

Herefordshire

Business Type:

Pubs

See Other:
Other pubs for sale in Herefordshire
Pubs for sale in Herefordshire
Wine bars for sale in Herefordshire
Pubs for sale in Herefordshire
Description:
THE BUSINESS:
Nationwide are pleased to offer to the market : Outstanding opportunity to acquire an attractive Stonebuilt Freehouse built we understand in approx.1500.

Full Oil Fired Central Heating

ATTRACTIVE LOCALS BAR with tiled floor, settles. Ample space for 50 persons. Central bar servery full range or real ale wickets and bright beer pumps.

Games Room

Dining area with seating for approx. 15 persons.

Fully equipped catering kitchen

Ladies' and gentlemen's cloakrooms

Beer Cellar

Located to the first and second floor. The top floor comprises 2 letting guest bedrooms.
Family bathroom
(This floor can be used either for guest letting or indeed additional private accommodation).

Both the Bed & Breakfast rooms have now been fully refitted with additional large flat screen TV's.

WE ARE INFORMED the turnover currently averages £5,500 p.w. in our opinion offering tremendous potential for further increase in the right hands. We are further advised that the sales year ending 31st March, 2011 showed £244,765 with a gross profit of 53.33% i.e. £130,527 with a net profit of £58,379.

We understand the premises are held on a secure renewable lease from a private landlord, the present lease having approximately 44 years unexpired at a rental of £22,000 p.a. exclusive of rates up to 2015, with rent review at that time and thereafter every 5 years.

Uniform Business Rates: £2,400 p.a. approx. (after small business relief)

RECOMMENDED FOR EARLY INSPECTION

OFFERS INVITED TO INCLUDE THE SECURE LEASE, GOODWILL, FIXTURES & FITTINGS in excess of £99,950 plus STOCK AT VALUATION
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT
Location Details:
Sought after locality, HEREFORDSHIRE
Trading Hours:
Sunday - 10 a.m. - 11 p.m.
Monday - Thursday inclusive - 10 a.m. - 12 midnight
Friday & Saturd
Accommodation:
Situated on the first floor:

Private Lounge
Bedroom
Lobby office
Kitchen
Large family bathroom with spa bath, separate shower
Private secluded roof garden

To the side of the freehouse is a small patio area, ideal for the provision of smoking arrangements. To the front of the freehouse is a timbered bench area overlooking the brook, old bridge and lane leading to the historic church and castle ruins.
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