Public Houses for sale in Malton

View the "Suddabys, 12 Wheelgate, Malton" below and request further details. Alternatively, please view the similar businesses in the 'You May Also Like' box below.
 

 Daltons offered a simple, low-cost and effective way to advertise our business for sale to a wide audience.  

David Binder (Nov 2017)
View More
Leasehold Price: £49,500
Request Details
Business Description
Suddabys can be described in brief as follows:-

• First time available to the market for 150 years.
• High street position with heavy footfall.
• Flexible trading prospects for various styles of operation and potential to grow.
• Wet sales, catering, letting bedrooms, functions, live music and retail shop.
• Sizeable living accommodation.
• Former brewery readily brought back into use or potential conversion to further letting rooms.
• Large beer garden and car parking.

PRICE - £49,500 FOR THE BUSINESS GOODWILL AND FIXTURES AND FITTINGS, PLUS STOCK AT VALUATION

NEW LEASE AVAILABLE FOR TEN YEARS OR LONGER AT RENT CIRCA £25,000 PER ANNUM SUBJECT TO NEGOTIATIONS AND TENANTS PROPOSALS FOR THE BUSINESS/PROPERTY
Tenure: Leasehold

Number of bedrooms: 12

Accommodation Details:
6 Bedrooms are currently letting bedrooms with a further 6 - 4 of which could be converted to letting accommodation. Various Living accommodation, bathrooms and separate WC's.

Location Details:
The property is situated in Malton’s prime retailing street, with nearby traders including WH Smith, Card Factory, Superdrug, Thomas the Baker, Boots the Chemist, Costa Coffee, as well as several Banks and Building Society offices.

Leasehold Term:
The property is owned by the Fitzwilliam Estate, who have indicated that they are prepared to grant a new lease subject to status, to a purchaser of the business. The lease will be of a full repairing and insuring nature, possibly subject to a Schedule of Condition, and to be granted for a minimum term of ten years longer by negotiation in multiples of five years, and with provision for break clauses in favour of the tenants, exercisable at the end of every fifth year of the term. The headline commencing rent of £25,000 per annum is subject to negotiation with the landlord, in the context of the incoming tenant’s proposals with the property. Rent will be subject to review at the end of every fifth year of the term. The form of lease is proposed to be on the landlord’s standard commercial lease, which may be seen at www.maltonestate.co.uk, in which case both sides will meet their own legal costs. If this form of lease is not accepted by the tenant and a new one has to be drafted, then the tenant will be required to meet the landlord’s legal costs in connection with same, which exceed £750 plus VAT.

Website:

Downloadable Documents

Listed by: Barry Crux & Co

Find out more about this business opportunity.

 
* REQUIRED
*
*
*
*
*
*
*
*
*
Would you like a free no-obligation discusson with a qualified finance provider who could help you to buy this business?
You will ONLY be contacted by your local ASC Finance director. Your details will not be passed on to any third party.
Please note that Daltons Business will send the above details to the seller of the business. By submitting this form, you confirm that you agree to our website terms of use, our privacy policy and consent to cookies being stored on your computer.
C1852
Seller Reference:
You May Also Like...
loading... 
We use cookies to give you the best possible online experience. If you continue, we'll assume you are happy for your web browser to receive all cookies from our website. Find out more