SUBSTANTIAL PRIVATE 'FREE OF TIE' LEASHOLD HOTEL, INN AND RESTAURANT SITUAT

Price:

Leasehold - £39,950

Seller Ref:

6568L

Location:

Devon

Business Type:

Commercial Property

See Other:

Pubs and hotel property for sale in Devon
Commercial property for sale in Devon

Description:

THE BUSINESS:

Very prominent location set in the Market Square of the popular North Devon town of Great Torrington.
Impressive Restaurant (circa 60) with quality carpets, currently only being used for breakfasts.
Fantastic Function Room (circa 160) ideal for large parties, weddings and events.
Lounge Bar and Snug Area (circa 80), with seating for 45. Games Room with Pool & Darts (circa 20).
7 En-Suite Letting Bedrooms in good condition.
Rear Patio Terrace Area with brick built BBQ (circa 80). Smoking shelter has light and is heated.
Car Park and 1 Bedroom Flat.
We are advised turnover for y/e 03/10 is £216,200(incl. VAT) with a trade split of 80% wet, 15% accommodation and 5% food.
13 yrs left on a Private 'Free of Tie' lease with a rent of £24k.
Business currently closed.

WONDERFUL 'FREE OF TIE' INN, RESTAURANT AND HOTEL OFFERING CONSIDERABLE SCOPE ESPECIALLY ON THE CATERINGASKING PRICE £39,950 LEASEHOLD TO INCLUDE FIXTURES & FITTINGS, GOODWILL, EXCLUDING S.A.V.