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BUSINESS REFERENCE : 8347 / RightBiz LEASEHOLD PUBLIC HOUSE/ RESTAURANT FOR SALE IN CLEVELAND | | | | | | Public House/Restaurant Thewles, Stockton on Tees T/O: £200,000 GP: 65% prime position, 300 year old refurbished pub/restaurant | | | BUSINESS LOCATION: | Stockton-on-Tees Cleveland UNITED KINGDOM | | BUSINESS SECTOR: | Leisure, pubs and hotels | | TRADE TYPE: | Pubs Public Houses | | SALE: | Agent Sale | LEASEHOLD: | £200000 | ANNUAL RENT: | £LEASEHOLD | | | | | | | | | | | BUSINESS DETAILS: | Location
The Vane Arms is situated in a high profile, prominent trading position on the village green in the village of Thorpe Thewles in Stockton-on-Tees, Cleveland. The pub is surrounded by other businesses and very high quality residential property, ensuring a high daily footfall. The pub is a central focal point in the village and is a major contributor to the village fete and other activities within the village. Thorpe Thewles is easily accessible, both from the North and the South, via the A66.
Business History
Bag A Business is delighted to offer for sale this very well established three hundred years old public house in the village of Thorpe Thewles in Stockton-on-Tees. The pub has been in the careful hands of its present owner for the past three years, and benefits from a brand new refurbishment to the kitchen, bar area and the living accommodation, which has three double bedrooms, and a lounge which overlooks the valley and the village green. The tenure of the pub is on a six year rolling lease, which includes full maintenance. This is an excellent opportunity to acquire an excellent village pub/restaurant and early viewing is highly recommended.
FINANCIAL DETAIL
W/T: £2,600
GP: 65%
OPENING HOURS
Mon to Sat: 12:00pm - 12:30am
Sun: 11:00am - 11:00pm
PROPERTY DETAILS
GROUND FLOOR:
Large lounge/bar with 12 points of dispense
Fully refurbished antique bar
Fully refurbished kitchen with new extraction system
Disabled access
Disabled WC
Refurbishment completed April 2007
CELLAR:
New cellar door and equipment
FIRST FLOOR FLAT:
Three double bedrooms
Large lounge, overlooking village green
Kitchen
Bathroom
EXTERNAL
Car parking to front and rear of the pub
Two storey stable block - could be refurbished
Garden and barbeque
Two adjoining fields - could be used for additional parking, etc
TENURE
Leasehold
6 year rolling lease
Remaining lease: 6 years
Review every: 3 years
Tied to Punch Taverns | | | | | | FOR SALE | | | | | SELLER: | BAG A BUSINESS | | CONTACT: | 01204 544400 | | REFERENCE: | 8347 / RightBiz | | ENQUIRIES: | | | | | | | | | | | | | | | | | | | | |
