MONMOUTHSHIRE – CENTRAL NEWPORT (HIGH STREET) PUB/BAR WITH 3AM LICENCE
Seller Ref:94802
For Sale
NEWPORT, South Wales
MONMOUTHSHIRE – CENTRAL NEWPORT (HIGH STREET) PUB/BAR WITH 3AM LICENCE
Seller Ref:94802
Overview
Seller Ref: 94802
Description
Central Newport (High Street) pub/bar with 3am licence
Ground floor bar
First floor bar/restaurant
Catering kitchen (in need of refurbishment)
Also available on favourable private lease
Leasehold Terms:
LEASEHOLD: £7,500 +VAT to include fixtures and fittings. TERM: 6 years. LANDLORD & TENANT ACT 1954: Inside Part II Landlord & Tenant Act 1954. ASSIGNABILITY: Fully assignable subject to Landlord’s consent. BOND: A bond equivalent to 3 month’s rent in advance. RENT: £16,200 per annum, paid monthly in advance. RENT REVIEW: Subject to rent reviews every third year of the term. REPAIR LIABILITY: Part repairing and insuring lease agreement. This is not a full repairing and insuring lease with the freeholder retaining responsibility for the structure of the building. The lessee will be responsible for internal maintenance, repair and decoration as well as the decorative condition of the exterior of the property. TIE: Partially tied, tied on the following nominated products: draught keg beers, lagers and ciders. Free of tie on bottled beverages, wines, spirits and soft drinks. INSURANCE: The Landlord will insure the building, the cost of which will be charged to the Tenant by way of an Insurance Rent. VAT: VAT will be payable on the Premium and rental payments. No direct approach to be made to the business; please direct all communications through Sidney Phillips. Viewing strictly by appointment only.
Location Details:
Bar Amber, Newport, Monmouthshire, NP20 1FW
Is this business relocatable:
No
Is stock included:
NA
Website address:
https://www.sidneyphillips.co.uk/business-detail/94802
Listed By:
