SUFFOLK – AFFLUENT VILLAGE PUB & RESTAURANT FREE OF TIE LEASE
Seller Ref:94788
For Sale
Stowmarket, Suffolk, England
SUFFOLK – AFFLUENT VILLAGE PUB & RESTAURANT FREE OF TIE LEASE
Seller Ref:94788
Overview
Seller Ref: 94788
Description
Picturesque and affluent Suffolk village
Detached twin building, food-led pub
Main bar (8), restaurant (22) & dining room (18)
4 double bedroom owners accommodation
Trade garden/patio (56) & car park (20)
New 20 year free of tie lease opportunity
Leasehold Terms:
LEASEHOLD PREMIUM - £59,995 to include fixtures and fittings. Stock at valuation in addition. TERM - New 20 year lease (term negotiable). LANDLORD & TENANT ACT 1954 - Inside Part II of the Landlord & Tenant Act 1954. ASSIGNABILITY - Fully assignable. DEPOSIT - Equivalent to three months' rent. RENT - 25,000 per annum, paid monthly in advance. RENT REVIEW - No reviews to take place. REPAIR LIABILITY - Full repairing and insuring lease. 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. VAT - VAT will not be payable on the premium or rental payments. All negotiations subject to covenant strength. An incoming party will be required to demonstrate sufficient funds to sustain their business model, and will need to provide proof of ingoing capital to cover the premium, rental deposits, stock and working capital as a minimum. No direct approach to be made to the business; please direct all communications through Sidney Phillips. Viewing strictly by appointment only.
Number of Bedrooms:
4
Location Details:
The Crown, Mill Road, Buxhall, Stowmarket, Suffolk, IP14 3DW
Is this business relocatable:
No
Is this business home based:
No
Is accommodation included:
Yes
Is this In administrative/receivership:
No
Is stock included:
NA
Website address:
https://www.sidneyphillips.co.uk/business-detail/94788
Listed By: