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GREAT TRADITIONAL PUB WITH ACCOMMODATION, EAST SUSSEX

Undisclosed, Undisclosed
Leasehold Price:
£199,500
Status
FOR SALE
Advert ID
247463
Reference
Y7671RB / Rightbiz

LOCATION:              In a unique town with individual shops and a central location to stay to enjoy the surrounding areas. In the main High Street in a prime central position just yards from the Castle and an hour away by train to London. Ideally located to enjoy the wealth of the surrounding attractions and regular events.

 

DESCRIPTION:        A warm and welcoming historic, unpretentious 17 century coaching inn with a great atmosphere. By far, the best kept pub in the area. As you walk in, there is the main front bar and a seating  area with a large inglenook fireplace. To the rear is a large 60 cover restaurant with another fireplace. The door to the rear leads out to a cosy court yard garden, ladies and gents wc’s. Between the bar and restaurant is another door leading to the right of way section. There is a car parking space for the pub and a large double garage plus a basement store room.

 

BUSINESS:               In the same hands for 10 years, a lovingly run inn taking £365,000/£370,000 pa at 65% g.p. run by husband and wife with part time staff. Health reason forces reluctant sale.

 

HOURS:                     Monday to Saturday 11 am to 10.30 pm . Sundays noon to 9 pm.

 

EQUIPMENT:            A fully fitted and equipped industrial kitchen and wash up area with a dumb waiter (not operational). There is a large beer cellar, stock room with a drop-down entrance from the pavement. Full inventory available on request.

 

ACCOMMODATION:           5 letting rooms and 5 rooms for staff. Rustic and quaint bedrooms reflecting the ancient building with its uneven floors, full gas central heating and 3 phase electrics comprising 5 en-suite guest rooms on the first floor with the a 19.6 x 11 room, a kitchen 10.5 x 9.2, bathroom/wc with shower 9.5 x 7.10, a second bedroom en suite 17 x 13.7, third bedroom 12.6 x 12, fourth bedroom 10.2 x 10.9 and the fifth bedroom 10.4 x 16.11. The rest of the rooms on the second floor comprise the owners’ accommodation (for staff) with its own outside door and which is also accessible from the pub.

 

TENURE:                   Renewable secure 15 Year lease from 2009 with 5 yearly rent review (5 years remaining) at the current of £37,000 pa. New 15 year renewable lease available. Rates £14,000 pa payable.

                                   

VIEWINGS/

Negotiations:            Only after 4 pm STRICTLY BY APPOINTMENT ONLY Strictly through PEGASUS BUSINESS SALES

Listing Details
Leasehold Price: £199,500
Tenure: Leasehold
Location: Undisclosed, Undisclosed
Sector: Pubs
Financials
Annual Turnover: Available upon request
Annual Net Profit: Available upon request
Key Features
  • Fully Fitted
  • Accounts Available
Contact Agent
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Advert Reference: Y7671RB / Rightbiz
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