A POPULAR SUBURBAN TOWN PUBLIC HOUSE

Price:

Leasehold - £155,000

Seller Ref:

S4804L

Location:

Greater Manchester

Business Type:

Pubs

See Other:

Public houses for sale in Greater Manchester
Pubs for sale in Greater Manchester

Description:

THE BUSINESS:

Turn over in excess of £500,000.00 A welcoming L-shaped lounge bar area and screened restaurant area with fixed and loose seating for 85 A well equipped L-shaped bar servery A fully equipped catering kitchen with prep and storage areas, incorporating several coolers and other equipment 2 bed roomed living accommodation with office A small car park area to the back of the pub and a garden area with smoking shelter 6 years remaining on a renewable and rolling Bass lease although the present landlord is Punch LOCATION (OL16 3JW) Situated in the middle of a busy town suburb just 1.9 miles from Rochdale centre and 10 miles from Manchester. Milnrow lies on the edge of the river Beal and at the foothills of the South Pennines. Easily reached via the M62, Milnrow is adjacent to junction 21. The town was named by the Anglo Saxons and grew with the woollen trade in the late middle ages. With a population of approx 12,800 (2001 census) Milnrow lies close to Hollingworth Lake, which is part of a local country park. It was built in 1801 as a feeder reservoir for the Rochdale canal. Rochdale born poet, Edwin Waugh wrote an extensive account of Milnrow during the mid 19th century as a tribute to John Collier, an 18th century satirical poet from Milnrow. PROPERTY DESCRIPTION A well planned stone built corner property. The property offers a small car park and beer garden. Inside, The Gallows is spacious with an mixture of wooden washed tables and fixed and loose seating. With mirrors and display cases and a floor to ceiling curved, brick built feature fireplace, the carpeted bar and restaurant area has a very comfortable feel to it. The catering kitchen, which is well used and a big part of the business, can be accessed from behind the bar, as can the owners accommodation. The cellar is accessed via a low doorway and ceiling, and stores the kegs and casks comfortably. There is a main entrance door to the front and a separate entrance from the car park to the rear. OWNERS ACCOMMODATION Consisting of 2 bedrooms, a kitchen, living room, bathroom and toilet. Also an office and storage area. EXTERNALS A stone built corner terraced property. PREMISES LICENSES We are advised that the business currently opens 7 days a week, all day from 12 noon to 12.midnight. Thereon traditional opening hours apply. The Premises license provides for openings from 10 am till 12.30pm A personal license will be required and our training associates can assist with this for you along with other licensed retail training inc BII courses. TENURE We are instructed by our private clients to offer by way of a lease assignment of a 10 year renewable and rolling bass lease from 2007. The lease is partially tied, current rent is £40,000 pa. Generous barrelage discounts are offered and a rent review is every 5 years. The current landlord is Punch. SERVICES We are advised that the pub benefits from mains electric, water and gas. THE BUSINESS Our clients have owned the business for approx 11 years and are now offering the sale due to ill health. The business is profitable and well run with a healthy wet trade from near and far. Our FINANCE ASSOCIATES will be pleased to advise and assist in the purchase of this outstanding business. The Property was viewed by Shirley Ibbotson who will be delighted to discuss the opportunity with you 7 days a week on 07880 507517. Viewings appointments can be made via one of GA-SELECT Business Managers on 01530 41 41 40 who can also refer you to experienced solicitors, accountants, and other trade experts.