Cotswold Village Public House in Stroud Gloucestershire - Open Plan, 2-Bed Accommodation, Large Garden
Stroud, Gloucestershire
- Status
FOR SALE
- Advert ID
510152
- Reference
93689 / Rightbiz
- Call Agent:
- Freehold: £415,000
- Turnover: Not Applicable
- Net Profit: On request
Key Features
- Currently Closed
- Open Plan Trading Area
- Offers Invited
- Trade Gardens Available
Business Details
GLOUCESTERSHIRE COTSWOLD VILLAGE PUBLIC HOUSE
Character Cotswold village centre public house
Open plan lounge and bar
2 bed owners accommodation
Trade kitchen
Large garden
Currently closed and unfurnished
FREEHOLD £415,000 for the freehold premises only.
OVERAGE :
The property is being sold with an overage. This covenant will be 80 years in length with 80% of any profit realised due to alternative use development being payable to the beneficiaries.
Or alternatively: -
LEASEHOLD Nil Premium
TERM: Negotiable. Client is prepared to consider applications for any term length.
LANDLORD & TENANT ACT 1954: Inside Part II Landlord & Tenant Act 1954
ASSIGNABILITY: Fully assignable subject to Landlord’s consent
DEPOSIT: A deposit equivalent to 6 month’s rent in advance plus personal guarantors if the lease is taken as a Limited Company
RENT: £36,000 per annum paid monthly in advance, however our client appreciates that as the business is currently unfurnished and closed, that applications with a reduced initial or rent free period will be considered
RENT REVIEW: Subject to rent reviews every third year of the term
REPAIR LIABILITY: This is not a full repairing and insuring lease with the freeholder retaining responsibility for the structure of the building. The lessee will be responsible for internal maintenance, repair and decoration as well as the decorative condition of the exterior of the property. The Landlord will cover the cost of replacing the windows within six months of the lease and contribute to the refurbishment costs,
TIE: Free of all trade ties
INSURANCE: The Landlord will insure the building, the cost of which will be charged to the Tenant by way of an Insurance Rent
VAT: VAT will not be payable
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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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