LINCOLNSHIRE – 5 BED PUB AND RESTAURANT WITH DETACHED 3 BEDROOM GUESTHOUSE

  • Freehold Price: £550,000
  • Leasehold Price: £55,000
Spalding, Lincolnshire, England
Seller Ref:34319
For Sale

LINCOLNSHIRE – 5 BED PUB AND RESTAURANT WITH DETACHED 3 BEDROOM GUESTHOUSE

Spalding, Lincolnshire, England
Seller Ref:34319
  • Freehold Price: £550,000
  • Leasehold Price: £55,000

Overview

Seller Ref: 34319

Description

Two-storey link detached five bedroom pub & restaurant
Converted stable housing three double en-suite letting rooms, 70% occupancy
Successful business – Net Turnover circa £345,000
Open plan L-shaped main bar (60) & restaurant (20)
Commercial kitchen, laundry room & ground floor cellar
Rear trade patio (70), smoking shelter & car park (12)

Leasehold Terms:
The Landlord will consider the creation of a new lease agreement on the following terms: TERM: New 5-15 year lease (term negotiable) LANDLORD & TENANT ACT 1954: Inside Part II Landlord & Tenant Act 1954 ASSIGNABILITY: Fully assignable RENT: Annual rent £40,000, paid monthly in advance RENT REVIEW: Dependent upon agreed term REPAIR LIABILITY: Full repairing and insuring lease agreement TIE: Free of all trade ties INSURANCE: The Landlord will insure the building, the cost of which will be charged to the Tenant by way of an Insurance Rent DEPOSIT: Equivalent to 3 months rent
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
Website address:
https://www.sidneyphillips.co.uk/business-detail/34319

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