LINCS MARKET TOWN LEASED FREEHOUSE WITH OTHER LICENSED RETAIL POTENTIAL

Price:

Leasehold - £49,000

Seller Ref:

G4820L

Location:

Lincolnshire

Business Type:

Pubs

See Other:

Public houses for sale in Lincolnshire
Pubs for sale in Lincolnshire

Description:

THE BUSINESS:

Sales MAT – £141,000 inc vat 80% Wet Open plan trading area (150+) with central bar servery Located adjacent active thriving market square with medieval church Smokers solution beer garden & car parking (50+) Spacious 4 bed roomed owners accommodation + attic space 20 year blue chip protected FREE OF TIE lease LOCATION ( LN8 3BB ) www.thechasepub.co.uk MARKET RASEN is a historic market town just 15 miles NE of Lincoln on the A46 to the West of the Lincolnshire Wolds. Of mainly Georgian architecture the town is renowned for its horse racing course and has a population of 3,000 and within the greater district of West Lindsey, with a population of 77,000 to draw from. Within the town there are many locales of note including its middle-age packhorse bridge, The Corn Exchange dating from 1854, Church Mill with its Victorian industrial architecture and sitting opposite the property which is on King Street, the market place with its medieval church. The open market square thrives with public markets every Tuesday, Friday & Saturday with further auction days and regular farmers markets. Without doubt, this is the hub of the local community. PROPERTY DESCRIPTION Commanding a semi- detached position constructed of local red washed brick under pitched tiled roof dating back to the Victorian period this is a substantial property worthy of note and of focal importance. Enter from KING STREET through a vestibule entrance into the main spacious trading area with an open plan, bay windowed, LOUNGE BAR (150) with fitted carpets, loose and fitted furnishings, an area used for pub games including POOL, darts and gaming machine (2 pool teams & poker school), and to the front of the bar servery tall tables and bar stools. The CENTRAL BAR SERVERY is of panelled wood construction, under light counter front with excellent back fittings for merchandising and a hard wearing tiled apron to its front. LADIES & GENTS toilets are to a good standard. BEER CELLAR is fully chilled to the lower floor. CATERING KITCHEN is well equipped with S/S commercial units including a 6 ring gas oven & hob and professional extraction fitted. Staff changing & toilets facilities are available. OWNERS ACCOMMODATION To the 1st story with 4 double bedrooms, 2 bathrooms, large lounge, fitted kitchen, and a terraced flat roof. On the 2nd floor there is attic space suitable for further conversion to living/letting use. Access is separate to the trade areas. EXTERNALS Parking is available to the rear of the business for 50+ vehicles + parking on the market place during the evening. A smoking solution is provided to the rear of the premised along with small beer garden and storage facilities. PREMISES LICENSES The premises license allows openings of 9.00hrs till 01.00hrs Sunday through Thursday with 02.00hrs Friday & Saturday. The business opens 10.30hrs till 23.00hrs Tues Thurs then 10.30hrs till 02.00hrs Friday and Saturday 12.00hrs Sunday 12.00hrs till close. A Personal License will be required and our training associates can assist with this for you. TENURE We are instructed to offer the property for sale as an assignment of a 20 year (commencing 2008) blue chip lease from Lincolnshire Co-Operative fully protected under the Landlord & Tenant Act, fully renewable at its end at no further premium and under no less favourable terms for a further 20 year term. Current rent is £25,000 set on a 5 year review cycle with the next review in 2013. SERVICES We are advised that the pub benefits from all mains connected, with heating by GAS. Business rates payable are £4,500. THE BUSINESS MATs (moving annual total sales) are running at circa £141,000 of which 80% is wet driven. Being Free of Tie the business attracts huge freetrade discounts and has become a popular haunt for lovers of real ales. This site must be looked at as a business opportunity and not necessarily in its present trading format. It is well suited for trading as an ethnic restaurant, town carvery, sports bar, licensed café, music venue etc .It has the largest floor space of any of the towns bars & pubs and specialises in live entertainment. AN IDEAL PURCHASE FOR THOSE LOOKING FOR AN OPPORTUNITY TO DEVELOP THEIR OWN STYLE OF BUSINESS OR BUILD ON ITS EXISTING FOUNDATION A MUST TO VIEW EARLY Our finance associates will be pleased to advise and assist in the purchase of this potentially outstanding business. The Property was viewed by Graham Allman who will be delighted to discuss the opportunity with you 7 days a week on 07765 251 208. 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.