FREE OF TIE SOMERSET TOWN CENTRE PUB AND RESTAURANT

  • Price: Offer Invited
For Sale
Somerset, England
Seller Ref:487
For Sale

FREE OF TIE SOMERSET TOWN CENTRE PUB AND RESTAURANT

Somerset, England
Seller Ref:487
  • Price: Offer Invited

Overview

Seller Ref: 487

Description

• Free of tie Somerset town centre pub and restaurant
• Annual takings of £1,800,000 (net of VAT) in 2022
• Seating circa 180 in large ground floor trading space
• First floor fully commercial kitchen
• High quality and extensive inventory
• Customer toilets and ancillary space
• Quality exterior beer garden for 50 and adjacent storage
• Prime location, a great business opportunity
• 20-year commercial lease

Leasehold Terms:
The business is available on the basis of a 20-year commercial lease which commenced in January 2023. The annual passing rent is £70,000. A rent deposit in the sum of £21,000 will be required. Rent is payable 3 months in advance and is subject to VAT.
Location Details:
Taunton is a busy market town situated in Somerset, approximately 160 miles south west of London and 48 miles south of Bristol. The area is well served with public transport routes with the town’s main railway station providing regular services to Exeter St Davids (journey times from 23 minutes), Bristol Temple Meads (from 33 minutes) and London Paddington (from 1 hour 40 minutes). Road communications are good with the M5 Motorway being easily accessible at Junction 25 making Taunton a popular commuter town. The Coal Orchard commands a prominent position on Bridge Street at its junction with Goodlands Lane and within close proximity to the River Tone. Surrounding occupiers include Pizza Express, Subway, Zinc Nightclub and Morrisons. The Orchard Shopping Centre along with High Street and Fore Street are also a short walk where occupiers include Nandos, Pitcher & Piano and Cosy Club.
Is this business relocatable:
No
Is this business home based:
No
Is accommodation included:
No
Is this In administrative/receivership:
No
Is stock included:
NA

Listed By:

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