Public Houses for sale in Sidmouth

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Substantial and Well Presented FREE OF TIE Village Freehouse

Sidmouth, Devon, England

  • Leasehold Price: £49,950  Price Reduced arrow_drop_down
  • Annual Turnover: £230,000
Seller Reference: 4756
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Business Description
 
 
 
 
 
 
 
 
 
 
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Seller Reference: 4756
Request Details
Business Description
Substantial and well presented FREE OF TIE character village freehouse, occupying a prominent landmark trading position close to the East Devon coast and offering Public Bar (13+), Lounge Bar & Restaurant Area (46+), Skittle Alley/Function Room (50+), Commercial Catering Kitchen, private lawned and patio trade Beer Garden Areas (90), family sized Owners Accommodation comprising 6 Bedrooms (4 En-Suite), Sitting Room, Dining Room, Office and fully fitted Kitchen. Potential for letting bedrooms. Significant and growing trade in the order of £230,000 excluding VAT. FREE OF TIE lease which must be viewed in order to be fully appreciated.
Trading hours:
The current opening hours are midday to 3:00pm and 5:00pm until close Monday to Thursday, and midday until close on Friday, Saturday and Sundays. Food is served from midday until 2:00pm and from 6:00pm until 9:00pm Tuesday to Saturday and from midday until 2:00pm on Sunday. No food is served on Mondays.
Number of employees:
Only one of our clients works full-time in the business, with the assistance of 1 full-time and 5 pa
Tenure:
Leasehold
Is accommodation included?:
Family sized 6 bedroom (4 en-suite) private accommodation with letting potential
Location Details:
Situated in the centre of the well regarded and popular village of Sidford.
Leasehold Term:
We are advised that the business is held on a 10 year free of tie lease which commenced in June 2016 with a current rent of £24,000 per annum. Rent reviews are every 5 years. The lease is full repairing and insuring with a Schedule of Condition attached to this. There is also a tenant only breakclause at the 5th anniversary. Full details available on request.
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