SOMERSET – WET-SALES DRIVEN CHARACTER FREE HOUSE

  • Leasehold Price: £48,000
Radstock, Somerset, England
Seller Ref:94682
For Sale

SOMERSET – WET-SALES DRIVEN CHARACTER FREE HOUSE

Radstock, Somerset, England
Seller Ref:94682
  • Leasehold Price: £48,000

Overview

Seller Ref: 94682

Description

Village free house nestled between three towns
Two fine character bars
Skittle alley/meeting room
Spacious three bedroom owners accommodation
Car park (25) & outside trade areas (100)
Net turnover in excess of £230,000 with strong profits

Leasehold Terms:
LEASEHOLD £48,000 to include goodwill and fixtures and fittings. Stock at valuation in addition.  The Kings Head is held on a full repairing and insuring lease agreement from a private individual for a term of nine years, commencing November 2018. The lease falls within the security provisions of the Landlord & Tenant Act 1954. Rent currently stands at £36,000 per annum, paid monthly in advance, subject to five yearly rent reviews and annual RPI adjustments. An incoming party will be required to provide a rental deposit to the Landlord of £10,000 in advance. The lease is free of all trade ties. No direct approach to be made to the business; please direct all communications through Sidney Phillips. Viewing strictly by appointment only.
Number of Bedrooms:
3
Location Details:
Kings Head, Underhill, Coleford, BA3 5LU
Is this business relocatable:
No
Is accommodation included:
Yes
Is stock included:
NA
Website address:
https://www.sidneyphillips.co.uk/business-detail/94682

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