Investment Properties for sale in Honiton

View the "Mixed Use Investment - Bar and HMO (HMO license awaited)" below and request further details. Alternatively, please view the similar businesses in the 'You May Also Like' box below.

Mixed Use Investment - Bar and HMO (HMO license awaited)

Honiton, Devon, England

  • Freehold Price: £450,000  Price Reduced arrow_drop_down
  • Annual Turnover: £49,000
Seller Reference: HON200154
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Business Description
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Seller Reference: HON200154
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Business Description
The ground floor bar (Bruv's Bar) is a successful and popular bar & restaurant. The Lease provides for a passing rent of £18,000 + VAT per annum; for a term of 5 yrs from June 2019. The business is unaffected by the Freehold sale. The upper floors are light and airy and spacious for the sector of HMO Room Rents. The 5 rooms are anticipated to achieve an annual income of circa £31,000; with thought, further rooms can also be brought forward as income generating.
Location Details:
Situated in a prime central location within the High Street of the market town of Honiton. There is restricted on-street parking directly in front and a short walk from the railway station and nearby bus stops. Honiton is a regular stop off for those travelling on the A30/A303/A35.
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