'FREE OF TIE' LEASEHOLD INN WITH LETTING BEDROOMS AND SUBSTANTIAL TURNOVER

Price:

Leasehold - £125,000

Seller Ref:

6674L

Location:

West Sussex

Business Type:

Commercial Property

See Other:

Pubs and hotel property for sale in West Sussex
Commercial property for sale in West Sussex

Description:

THE BUSINESS:

Prominent roadside position within the lovely coastal village of Pagham, within a few miles of Bognor.
Beautifully presented Restaurant (circa 50) with carpeted flooring and feature fireplace.
Spacious Lounge/Public Bar (circa 60) with 2 open fireplaces, bar server and tiled flooring.
3 Trade Gardens offering seating for 70 along with extensive Car Park for 50 cars.
4 Lovely En-Suite Letting Bedrooms.
Well presented 1 bedroom self contained flat.
Advised turnover for y/e 03/10 £639,650 (inc vat) trade split 72% wet, 25% food & 3% accommodation with a considerable potential to increase letting turnover.
10 yrs left on a 'free of tie' lease with a rent of £60k.

WONDERFUL 'FREE OF TIE' INN WITH LETTING ACCOMMODATION CLOSE TO THE SOUTH COAST.

ASKING PRICE £125,000 FREE OF TIE LEASEHOLD TO INCLUDE FIXTURES & FITTINGS, GOODWILL, EXCLUDING S.A.V.