Licensed Hotel / Freehouse Recently Re-opened, Large Bar Plus Adjoining Sports Bar, 14 Letting Bedrooms For Sale | | Undisclosed Herefordshire | | Excellent trading position, HEREFORDSHIRE | | BUSINESS FOR SALE ADVERT DETAILS ADVERT NUMBER : 71895
ADVERT IMPRESSIONS : 10,600 TIME(S) | | | | BUSINESS SECTOR: | Hotels / Pubs / Accom | | TRADE TYPE: | Hotels | | SALE: | Agent Sale | FREEHOLD: | £375000 | LEASEHOLD: | £40000 | | | | | | | | | | Add this business advert to your: | | | | | | | | | | | | | | | BUSINESS DETAILS: | Features : Car Park at rear for approximately 10 cars
We understand the premises have a Full On Licence
Front entrance to Entrance Hall, RECEPTION BAR. SPACIOUS LOUNGE BAR fully carpeted, beams to ceiling, wall lighting, open fireplace, BAR with various hand pumps, 2 single door glass fronted counter fridges, 1 double door glass fronted counter fridge, new coffee machine, ice maker, sink and drainer, glasswasher. The bar area has 8 stools, in addition there are tables, chairs, settees providing seating for approximately 45 persons.
ADJOINING BAR AREA which can be served from the main bar, beamed ceiling, wall lighting. This area has additional seating for approximately 15 persons.
NEW SPORTS BAR fully carpeted, pool table, 2 dart boards, 50' plazma television screen
Gentlemen's cloakroom with urinal, w.c. and wash hand basin
Ladies' cloakroom with 2 w.c's, wash hand basin
SMALL FITTED KITCHEN AREA
Beer cellar
From the Reception Bar there is a staircase to SPACIOUS BASEMENT comprising additional bar area, ideal for a wine bar type operation. BAR. Tables and chairs. We understand this area is licensed for up to 60 persons.
Ladies' cloakroom with 2 w.c's, 2 small wash hand basin, mirror
Gentlemen's cloakroom with 2 urinals, w.c. and wash hand basin
From the ground floor is a staircase to the first floor. DOUBLE DOOR to SPACIOUS FUNCTION ROOM with additional double door into a further room, fully carpeted and in our opinion could be utilized as a large function room providing seating for 80/100 persons.
In addition there is a SMALL CONFERENCE ROOM, we understand aproximately 500 sq. ft. carpeted, ideal for private meetings or indeed as a residents lounge for the letting accommodation.
LETTING ACCOMMODATION
Bedroom 1. Spacious luxury bedroom with 4-poster bed, en suite bathroom with bath, separate shower, w.c. and wash hand basin
Bedroom 3. Twin bedroom with en suite shower room with shower, w.c. and wash hand basin
Bedroom 4. Double bedroom with en suite shower room with shower, w.c. and wash hand basin
SECOND FLOOR
Bedroom 6. Twin bedroom with en suite shower room with shower, w.c. and wash hand basin
Bedroom 7. Twin bedroom with en suite shower room with bath, shower over bath, w.c. and wash hand basin
Bedroom 8. Double bedroom with en suite shower room with shower, w.c. and wash hand basin
Bedroom 9. Double bedroom with en suite bathroom with bath, shower over bath, w.c. and wash hand basin
ADDITIONAL LETTING ROOMS being refurbished
10 & 11. 2 family bedrooms with shared bathroom with bath, w.c. and wash hand basin
In addition bedrooms 12, 13 & 14 are yet to be refurbished and have a shared bathroom with bath, w.c. and wash hand basin. These rooms could be used for additional letting purposes or could be utilized as a Self Contained Managers Flat.
Location : Excellent trading position, HEREFORDSHIRE
Opening Hours : 12 noon - 12 midnight with the exception of Friday & Saturday when the business remains open until 1 a.m.
Turnover : WE HAVE BEEN ADVISED by the vendor that the turnover is currently in the region of £4,500 p.w. in our opinion offering tremendous potential for further increase in the right hands.
Tenure : The vendor owns the freehold and subject to satisfactory references is prepared to grant, subject to satisfactory references, a new 12 years full repairing and insuring lease at a rental of £33,000 p.a. exclusive of rates for the first 3 years, with rent review at that time and thereafter every 3 years.
OUTSTANDING OPPORTUNITY TO ACQUIRE A FULLY EQUIPPED LICENSED HOTEL & FREEHOUSE IN THIS SOUGHT AFTER LOCATION
PERSONALLY INSPECTED AND HIGHLY RECOMMENDED
MUST BE SEEN TO BE FULLY APPRECIATED
Price : TO INCLUDE THE NEW LEASE, FIXTURES & FITTINGS £40,000 plus STOCK AT VALUATION
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT
OR COMPLETE WITH THE VALUABLE FREEHOLD PROPERTY, FIXTURES & FITTINGS £375,000 plus STOCK AT VALUATION
SUBSTANTIAL MORTGAGE TO AN APPROVED APPLICANT
PLEASE NOTE IN RESPECT OF THE FREEHOLD, THE PRESENT OWNER IS PREPARED TO CONSIDER A PRIVATE LOAN OF APPROXIMATELY £125,000 TO BE SECURED BY A SECOND CHARGE ON THE PROPERTY.
| | | | | | FOR SALE | | | | | REFERENCE: | H7812 / RightBiz | | | | | | Request more information about this business.. | | ENQUIRIES: | | | | CONTACT SELLER TO GET THE SELLERS DIRECT CONTACT DETAILS AVAILABLE TO MEMBERS ONLY | | | | | | | | | | | |
