Profitable East Midlands Public House and 10-Bedroom HMO in Polesworth For Sale
Polesworth, Warwickshire
- Status
FOR SALE
- Date Submitted:
07/08/23
- Advert ID
517748
- Reference
94101 / Rightbiz
- Call Agent:
- Freehold: £550,000
- Turnover: Not Applicable
- Net Profit: Not Applicable
Key Features
- Trade Gardens Available
- Accounts Available
- With Car Park
- Established Business
- Prime Location
Business Details
EAST MIDLANDS SUBSTANTIAL PUBLIC HOUSE AND HMO PRODUCING GOOD LEVEL OF INCOME
Substantial property
Central village location
Pub and kitchen producing rent of £37,000 per annum
10 bedroom HMO operated by owner
Average HMO income circa £100,000 per annum
Very profitable business
TRADE AREAS
Public House (rented)
Occupying a large L-shaped open plan LOUNGE BAR with stripped wood effect beamed ceiling and part wood panelled walls. Feature fireplace. SERVERY. Seating for approximately 60 with ample room for more standing.
LADIES’ and GENTLEMEN’S TOILETS. ON LEVEL CELLAR.
Kitchens (rented)
CATERING KITCHEN being well equipped having additional DRY STORE AND STOREROOM.
Former Restaurant
Currently being developed into further bedrooms.
HMO
At first and second floor are 10 bedrooms operating as a house of multiple occupancy. In addition there are 2 KITCHENS and a BATHROOM (9 bedrooms EN SUITE, 1 not en suite).
PRIVATE ACCOMMODATION
3 BEDROOM flat comprising 2 EN SUITE BEDROOMS and LOUNGE.
EXTERNAL
Enclosed beer garden to the rear which is currently let with the public house.
To the side is a hardcore car park for approximately 10 vehicles but this does not belong to the public house; it is rented from a local property owner for £500 per annum.
Contact Agent
Listing Statistics
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Contact seller
Stay Safe
Do not pay any deposit to private sellers upfront. If you are looking to purchase a business, we advise that any deposits or transactions made are through a solicitor to prevent fraudulent activities from occuring.
Stay Safe
Don't share confidential information with any private sellers, including your home address, account passwords, bank accounts and credit card information.
Stay Safe
The vast majority of these scams involve the transfer of substantial sums of money. We advise all transactions made are through a solicitor to prevent fraudulent activities from occuring.
Stay Safe
Send a test amount before you consider handing over a large number of funds. Maybe even try transferring £1, and then speaking to your solicitor to confirm receipt.
Stay Safe
Do not disclose proof of funds directly to the sellers. If the sellers request you to show proof of funds, we advise that it is done through a solicitor to prevent fraudulent activities from occuring.
Stay Safe
Buying a business is not covered by consumer rights legislation. It is your responsibility to acquire a business that holds up in quality and agreement.
Stay Safe
Fraudsters will typically use false news in an attempt to get you to act quickly. For example, 'Your account has been disabled. Reset your password now.'.
Stay Safe
Review the performance of a business to make appropriate financial projections. Some businesses are dormant or not trading, so it is essential to check their short and long-term potential.
Stay Safe
Legitimate emails from Rightbiz will be with the domain @rightbiz.co.uk. However, emails from [email protected], [email protected] or [email protected] are not affiliated with Rightbiz.
Be safe, use a Rightbiz Solicitor
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