The pub opens from 12.00 noon until 11.00 pm during the week, closing at between 1.00 am and 2.00 am on Friday and Saturday nights.
Number of Employees:
The business is entirely run by staff, the Vendors currently employing 7 full-time assistants.
Number of bedrooms: 14
There are 14 well appointed, double glazed letting bedrooms that are arranged on the first and second floors, each having en suite facilities, as well as TV and tea and coffee making facilities. The letting rooms comprise: 2 singles (£65 per night); 8 doubles (£90 per night); 2 large doubles (£142 per night) and 2 suites (£150 per night). NB breakfast is not provided. There is no staff or owners accommodation, apart from the furnished manager’s office, the premises being protected by a 14 camera CCTV system.
Occupying a prominent corner site, fronting a busy traffic light junction, convenient for the city centre and docks.
We are advised by our clients that the premises are held on a ‘free of tie’ lease from Greene King Brewery for a term of 25 years, which commenced in April 2015. We understand that the current rental amounts to £45,000 per annum, plus VAT, and is subject to 5 yearly rent reviews. NB we understand that the lease is in the name of a Limited Company, the 100% shareholding of which we are currently offering for sale. It should be noted that there are no personal guarantees required from the Directors, although the Landlords will require a £20,000 rental deposit.
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