Bars for sale in Rutland

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Immaculately presented turnkey trading business, operating as a thriving bar and restaurant in attractive Rutland

Rutland, Leicestershire, England

  • Leasehold Price: £25,000
Seller Reference: RUTLANDCL
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Business Description
 
 
 
 
 
 
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Seller Reference: RUTLANDCL
Request Details
Business Description
• Immaculately presented turnkey business in Rutland
• Spacious flexible open plan trading areas with c100+ covers in total
• Prominent stone property facing A47 with dedicated parking and outside seating
• Residential accommodation included
• Recently refurbished and comprehensively fitted throughout, including commercial kitchen with wood-fired pizza oven.

Property
Recently refurbished ground floor cafe/bar and restaurant presented in immaculate condition with space in 2 principal trading areas, for over 100 covers, with dedicated parking fronting the A47 in Rutland.

The righthand side provides a bar and cafe area with bar servery, commercial kitchen which is fully fitted, as well as wash up and storage area and wood fired pizza oven. The unit, which is south facing, provides plenty of natural light with wooden floorboards and log burner.

The main double aspect restaurant is situated to the front and provides space for circa 50 covers with direct access to patio areas to the front and side.

Externally there are dedicated patios areas, directly to the front of the property (50+ covers), plus grassed trading areas and dedicated parking for over 30 spaces.

Domestic accommodation is included with a 1 bed studio flat to the rear of the property. The entire property has been refurbished recently and is both presented and fitted to a high standard.

The landlord also owns the apartments and 6 en suite letting rooms above the property, which can also be made available by separate negotiation.

Tenure
Rental offers are invited for a new 10 year, internal repairing lease, with the following incentives, as follows:-

Year 1 £30,00 pax,
Year 2 £35,000 pax,
Year 3 onwards £38,500 pax, reviewing thereafter by indexation, RPI, with cap & collar of 1 & 3%.

Premium
Premium offers are invited in the region of £25,000 for the benefit of a new lease and goodwill of the existing business.

Fixtures & Fittings
The property has been recently refurbished and provides a turnkey operation that has been comprehensively fitted out to a very high standard by the owners. The trade inventory is available to buy outright, or alternatively rent from the landlord at a sum of £500pcm, in addition to the rent. An inventory is available on request.

The Business
The business is open and trading with immediate occupation available. Given the high level of passing trade, the business is busy throughout the day and at weekends from the affluent resident population. The property would also lend itself to offering weddings, functions or as a carvery given the flexible layout and sizeable trading space.

Rates & Charges
2017 Rateable Value is £47,750 (this is currently being reassessed)
Tenure:
Leasehold
Location Details:
Country Lodge is in a prominent position facing the A47 which links the A43 to Stamford and the A6003 to Oakham. Rutland Water, which attracts almost 2 million visitors per year, is directly north, which is nationally renowned for its nature reserves, sailing, cycling, watersports and as a tourist destination.
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