|  | Free Of Tie Pub In Regeneration Area Reduced | | Plymouth Devon | | Leasehold free of tie pub in mixed residential/commercial area. 3 double bedrooms and walled trade garden. 2 bars with pool table and plasma screen. Currently £3,000 per week wet trade only. 25 yr lease from May 2006 with County Estates | | | | BUSINESS FOR SALE ADVERT NUMBER: 9305 | | BUSINESS SECTOR: | Hotels / Pubs / Accom | | TRADE TYPE: | Pubs for Sale | | SALE: | Agent Sale | LEASEHOLD: | £35000 | ANNUAL RENT: | £17500 | | | | | | | | | | | | | Business Detailed Information | | | The Red Lion is a detached corner property with living accommodation on the two upper floors. The pub is situated in a mixed residential and commercial area close to the City centre and the Millbay redevelopment area.
We understand that turnover is approx £3,000 per week on wet sales only with a reconstituted net profit of £40,000pa.
The pub has two bar areas and a lounge and is home to 2 pool teams and 2 darts teams. There is regular entertainment including poker nights and karaoke.
Current opening hours are 10am to 11pm Sun to Thurs and 10am to 1am Fri and Sat however the premises are licensed to trade from 9am to 2am Mon to Sat and 10am to midnight on Sunday.
The private accommodation comprises kitchen, spacious lounge, shower room and 2 double bedrooms.
Outside is the cellar and a pleasant walled beer garden with BBQ.
The lease is for 25 years from May 2006 at a current rent of £17,00 rising to £19,500 over the next 3 years. | | | | | | | | | | | | FOR SALE | | | | | REFERENCE: | TSC0969 / RightBiz | | | | | | Request more information about this business.. | | ENQUIRIES: | | | | CONTACT SELLER TO GET THE SELLERS DIRECT CONTACT DETAILS AVAILABLE TO MEMBERS ONLY | | | | | | | | | | | |
