High trading inn with four en-suite letting bedrooms for sale in Church Stretton Shropshire
Church Stretton, Shropshire
- Status
FOR SALE
- Advert ID
639442
- Reference
93401 / Rightbiz
- Call Agent:
- Leasehold: £18,500
- or
- Freehold: £725,000
- Rent: £40,000 (£3,333 per month)
- Turnover: £500,000 (£9,615 per week)
- Profit: On request
Key Features
- Central Position in Affluent Village
- Accounts Available
- Attractive Business
Business Details
SHROPSHIRE HILLS HIGH TRADING INN WITH FOUR EN SUITE LETTING BEDROOMS
Located near to well-known beauty spot
Main bar (30)
Two interconnecting restaurants (46)
Four en suite letting bedrooms
External bar/trade gardens (200 )
T/O £500,000 per annum net of VAT
The village of All Stretton stands just off the main A40 trunk route, some 12 miles north of the market town of Shrewsbury and 15 miles north of the market town and renowned culinary centre of Ludlow. It is just a mile or so north of the similarly named town of Church Stretton. It is a particularly popular area with outward bound enthusiasts who visit the nearby Shropshire Hills which are an Area of Outstanding Natural Beauty (AONB) with the village being in the shadow of the famous Long Mynd. This area is one of the most popular hill walking areas outside the National Parks.
The Property
The property has been owned by our clients for 7 years during which time it has been much improved. It has become established as one of the busiest freehouses in the area benefitting from not just excellent dining and bar facilities, but of particular appeal to local tourists and walkers are the four en suite letting bedrooms and the outstanding external areas. There is outside seating for over 200 in three sections with an external covered bar facility. The property is maintained to the highest of standards and requires little or no extra investment.
FREEHOLD £725,000 to include goodwill, fixtures and fittings. Stock at valuation in addition.
Or, alternatively:
LEASEHOLD: £18,500 to include goodwill. Stock at valuation in addition.
TERM: 6 years
LANDLORD & TENANT ACT 1954: Inside Part II Landlord & Tenant Act 1954
ASSIGNABILITY: Assignable subject to Landlord’s consent
BOND: A Bond equivalent to three months’ 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: Part repairing and insuring lease. This is not a full repairing and insuring lease with the Landlord retaining responsibility for the structure of the building. The Tenant will be responsible for internal maintenance, repair and decoration as well as the decorative condition of the exterior of the property
FIXTURES & FITTINGS: Will be retained by the landlord. The tenant will be responsible to their repair, maintenance and replacement (when beyond repair)
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 on the Premium and rental payments
No direct approach to be made to the business; please direct all communications through Sidney Phillips.
Viewing strictly by appointment only.
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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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