Price Further Reduced Freehold Or Leasehold Public Freehouse With Letting Rooms | | Bolsover Derbyshire | | FURTHER REDUCED PRICE. Very unusual, well positioned FREEHOLD OR LEASEHOLD Public Free House with apartment block containing four self contained apartments, situated in Bolsover close to Chesterfield. profitable business & investment with huge potential. | | ADVERT NUMBER : 46047
ADVERT IMPRESSIONS : 24,250 TIME(S) | | | | BUSINESS SECTOR: | Hotels / Pubs / Accom | | TRADE TYPE: | Pubs | | SALE: | Agent Sale | FREEHOLD: | £195,000 | LEASEHOLD: | £18,000 | | | | | BUSINESS DETAILS: | FURTHER REDUCED PRICE - ABSOLUTE BARGAIN PRICED INVESTMENT OPPORTUNITY.
MUST BE VIEWED. URGEN SALE NOW REQUIRED.
THIS OPPORTUNITY IS AVAILABLE AS EITHER A FREEHOLD OR LEASEHOLD PURCHASE.
FREEHOLD PURCHASE PRICE: £195,000.00 + SAV.
LEASEHOLD PURCHSE PRICE: £18,000.00 + SAV.
Business:
A most unusual, multi faceted freehold/leasehold business occupying an excellent trading position in the pleasant and ever popular North Derbyshire town of Bolsover.
The business comprises a spacious and well presented public house, combined with an apartment block with four self contained letting units.
The public house is a Freehouse and, along with the letting apartments, has benefited from significant reinvestment, refurbishment and ongoing development by our clients at a cost in excess of £50,000.00 since their acquisition of the business and property in 2007.
Whilst North Star Club is very well known in the local area and beyond with an excellent reputation and regular, loyal client base, the business offers huge scope for further development by the enthusiastic and committed new owners. The business is currently operated under management, simply as a no-frills public house, with no catering or entertainment offered to customers.
The freehold business is now regrettably offered for sale due to the pressures of our client’s other business commitments, at what we consider to be an extremely realistic price - especially when considering the already excellent turnover and profit achieved, and the genuine and considerable future potential.
Location:
North Star Club occupies an excellent trading position amidst extensive residential accommodation, and within easy reach of Bolsover town centre and the motorway network.
Premises:
Spacious, well presented and equipped freehold business premises, very briefly comprising:
Accommodation:
To the front of the property is a detached house, separated into four letting apartments comprising three bedsits, each with private facilities, and a one-bedroom apartment with living room, kitchenette and bathroom. The apartments yield a rental income of between £300.00 per month and £365.00 per month, depending on size. On the ground floor is a large communal sitting area, and a large fully fitted and equipped kitchen leading to a store room and administration area , which leads through to the:
Public House:
Large Freehouse with two bar areas comprising a large main lounge bar with extensive customer seating, and a games room equipped with pool table and darts board etc. Ladies & gents wc. The pub shows Sky Sports and ESPN, and is equipped with a variety of screens including a pull down screen and projector. The premises further benefit from a very pleasant enclosed courtyard area and undercover smoking area equipped with customer seating.
Financial Details:
Annual Turnover: Circa £135,000.00.
Tenure: The business is available for purchase as a freehold business and property, or as a leasehold business only. If the business is to be purchased as a leasehold, then an attractive new lease will be made available by negotiation with the vendor.
Detailed financial information will be made available once the business has been viewed.
Opening Hours:
Mon to Fri: 11am to 11pm.
Saturday & Sunday: 12pm to 11pm.
Tenure:
We are informed that the premises are freehold. If the business is purchased as a leasehold an attractive new lease will be arranged by negotiation.
Our View:
Here is an extensively refurbished, well presented and very well equipped, thriving and profitable business in an excellent trading position, now regrettably offered for sale by our clients for genuine reasons at what we consider to be a very realistic price.
Early Viewing is Highly Recommended.
Viewing:
Please telephone this office on 0114 2356600 to arrange a viewing of the business.
Offers:
Offers for the leasehold business, goodwill, fixtures & fittings should be made to this office.
Finance:
Please contact us to discuss your requirements.
Terms & Conditions:
Please read our Terms & Conditions enclosed/attached before proceeding. | | | | | | SOLD or WITHDRAWN FROM MARKET | | | | | | | | | | | |
