Nationwide welcomes to the market this SPACIOUS LICENSED HOTEL/FREEHOUSE. Excellent trading position, town centre, NORTHANTS.
Grade II Listed Building
SPACIOUS GROUND FLOOR, large lounge bar fully carpeted. Tables & chairs providing seating for 50 persons. LARGE BAR with 8 hand pumps, 5 double door counter fridges.
GROUND FLOOR 3 shop areas offering potential to develop
RESTAURANT fully carpeted. Tables & chairs providing seating for 60 persons (can be increased).
Ladies' & Gentlemen's cloakrooms
LARGE FULLY EQUIPPED KITCHEN (Please note all the kitchen equipment is on a leasing agreement.
To the rear is a LARGE FUNCTION ROOM fully carpeted. We understand Licensed for up to 200 persons.
LARGE BASEMENT previously used as a Nightclub. Potential to reintroduce.
FIRST & SECOND FLOOR LETTING ACCOMMODATION comprising a total of 45 bedrooms all with en suite facilities comprising:
11 Family Rooms with en suite facilities
19 Double Bedrooms with en suite facilities
5 Twin Bedrooms with en suite facilities
10 Standard Single Bedrooms with en suite facilities
3 of the rooms in need of renovationTurnover :
WE ARE ADVISED the annual sales showed £720,000 with a split of £600,000 generated from letting, £120,000 from wet sales & a net profit we are advised is in excess of £90,000 p.a. however we are further advised that the turnover has been affected by Covid-19, full details of which can be discussed with the vendor.
Single Room £57.00 per night plus breakfast
Double Room £67.00 per night plus breakfast
TO INCLUDE THE LONG LEASE, GOODWILL, FIXTURES, FITTINGS & FURNISHINGS £795,000 or near offer plus STOCK AT VALUATION
PRIVATE LOAN AVAILABLE TO AN APPROVED APPLICANT (Our brokers can lend up to 50% on a leasehold or 75% on a freehold purchase, subject to status, please contact us for a free quote)Request Details to see Additional Information e.g. Opening Hours, Staffing and Tenure. Viewing Strictly by appointment via Nationwide Businesses Ltd 020 8763 1777.Lease : £795,000 (R9273)
Is accommodation included?:
Car park at rear with parking for 25 cars