17th-Century Village Inn in Berriew Powys with 7 Rooms, Restaurant & Owner's Home for £45k+VAT
Berriew, Powys
- Status
FOR SALE
- Date Submitted:
22/05/23
- Advert ID
513576
- Reference
93949 / Rightbiz
- Call Agent:
- Leasehold: £45,000
- Turnover: Not Applicable
- Net Profit: On request
Business Details
POWYS SHROPSHIRE BORDER
Character Seventeenth Century Black & White Village Inn
Three section Lounge Bar and Dining Room (36)
Restaurant (28)
Seven En-Suite Letting Bedrooms
Owners Accommodation
T/O £400,000 p.a. net of VAT
Favourable Free of Tie Private Lease
LEASEHOLD £45,000 plus VAT to include the fixtures and fittings and goodwill.
TERM - Six years.
LANDLORD & TENANT ACT 1954 - Inside Part II Landlord & Tenant Act 1954.
ASSIGNABILITY - Fully assignable subject to Landlord’s consent.
DEPOSIT - A deposit equivalent to three month’s rent in advance.
RENT - £40,000 per annum, paid monthly in advance.
RENT REVIEW - Subject to rent reviews every third year of the term.
REPAIR LIABILITY - Full repairing and insuring lease agreement.
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 be payable on the rental payments.
Contact Agent
Listing Statistics
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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.
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