FOR SALE
16/04/24
609870
87450 / Rightbiz
For sale after 53 years in same owners hands
Public house, two residential holiday properties and development site.
Planning permission for five new properties.
Conveniently located within a short distance of Hereford City Centre.
Character Open Plan Beamed Bar
Skittle Alley
Four bedroom owners accommodation
Gardens and car parking (set in plot of half an acre )
T/O £154,000 from wet sales only with £48k pa net profit
Freehold offers over £1,100,000
A very rare opportunity to acquire a mixed residential and commercial development opportunity. The Cross Keys has been in private ownership for some considerable time and is only available as result of the impending retirement of the current Owner Occupiers.
The property comprises well established and popular public house with an excellent wet trade. In addition, there are two good sized residential holiday cottages providing rental income. To both side and rear, planning permission has been granted for the construction of five new dwellings, three detached and a pair of semi-detached.
The entire site extends to approximately 2.1 acres, including accommodation, land servicing the development site by way of a paddock.
This is a rare opportunity to provide redevelopment whilst retaining existing onsite income stream.
Cross Keys is situated some three miles north of the city of Hereford alongside the A465 from Hereford to Bromyard. It is a large semi-rural location with good local catchment and easy access to both open countryside and also the services provided by the City Centre.
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.
Do not share confidential information with any private sellers, including your home address, account passwords, bank accounts and credit card information.
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.
Send a test amount before you consider handing over a large amount of funds. Maybe even try transferring £1, and then speaking to your solicitor to confirm receipt.
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.
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.
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.'.
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.
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
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.
Don't share confidential information with any private sellers, including your home address, account passwords, bank accounts and credit card information.
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.
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.
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.
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.
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.'.
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.
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
Get SolicitorThe data showed regarding this advert 'HEREFORDSHIRE ICONIC VILLAGE PUB, TWO RESIDENTIAL HOLIDAY PROPERTIES AND DEVELOPMENT SITE - 87450 / Rightbiz' comprises as a business advertisement. Rightbiz Ltd makes no warranty as to the accuracy or to the completeness of the advertisement or any linked or any associated information provided. In no event shall Rightbiz Ltd be liable for any damages or loss whatsoever including special, indirect, consequential, incidental or punitive damages for loss of profits and revenue, arising out of or connected with this website or to the use, reliance upon or performance of any information contained in or accessed from this website.