Empty Lease For Sale
Location England
Asking Price Range < $250K
Gross Revenues $0
Net Profit / Cash Flow $0
Cash Flow Type Sellers Discretionary Cash
Seller Finance Not Disclosed
Year Established 1908
Number of Employees 1 - 3
Relocatable No
Number of Employees 1 - 3
Real Estate Leased
Description LEASEHOLD FOR SALE, ASKING FOR œ30,000. Advent Business Sales have been instructed to offer for sale this Empty premise as leasehold. The business was trading as a public house for over 100 years and as a restaurant for 17 years previously - earning itself an enviable reputation for quality, service and ambience.
The premises is currently empty, and due to a fire, it has been fully refurbished, ready for the new owner to simply move in. The restaurant has a capacity of 70 covers. The landlord who also owns the business has planning permission to extend the property with an additional 40 covers. The cost is estimated at œ25,000. The landlord is prepared toNegotiate a proposal if the new owner of the business required the facility.
The business is free of all ties and has a full pub license until 1am, 7 days a week. This is a genuine opportunity for someone who wished to open a restaurant be it English, Chinese, Thai or Indian, with no ties in an affluent area with good family accommodation and real scope to extend capacity with good family living accommodation. We have been advised by the owner that this would be an ideal premise suitable for a crŠche or day nursery, subject to Planning permission.
BUSINESS PREMISES - This substantial detached property is presented immaculately and offers character and charm. Tastefully decorated with beautiful furnishings and is set in a picturesque setting. Briefly comprising of the Ground Floor: Bar, lounge, dining area with 70 covers capacity, ladies and Gents w/c, fully equipped commercial catering kitchen. First Floor: Full Kitchen, bathroom, 3 bedrooms and lounge.
TENURE - Leasehold. Current Lease - 21 years. Lease Remaining - 18 years. Review every - 5 years. Annual Rent - œ40,000. We are advised that the annual business rates are currently: œ5,500.
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