Freehold investment freehouse in Bridgwater Somerset with function room and owners' accommodation
Bridgwater, Somerset
- Status
FOR SALE
- Advert ID
653134
- Reference
96337 / Rightbiz
- Call Agent:
- Freehold: £375,000
- Turnover: Not Applicable
- Profit: Not Applicable
Business Details
SOMERSET FREEHOLD INVESTMENT DESTINATION FREEHOUSE ON POLDEN HILLS
Ref: 96337
Stylish public house in Polden Hills village
Main bar and dining area
Integral function room and skittle alley
Two bedroom owners’ accommodation
Large trade garden and car park
Annual rent: £24,000. Gross yield: 6.40%
Leather & Lace Bar & Grill occupies a central position in the attractive Somerset village of Chilton Polden. It is situated on Broadway, the main road through the village which runs parallel to the A39. The latter connects the nearby towns of Glastonbury and Bridgwater; Bridgwater is 6 miles west and Glastonbury 10 miles east. Junction 23 of the M5 motorway can be accessed near Bridgwater and is file miles from the village.
Chilton Polden is close to England's smallest city, Wells, as well as the Somerset coastal towns of Burnham-on-Sea and Weston-Super-Mare. The Somerset Levels and the RSPB Nature Reserve managed by the Somerset Wildlife Trust are both easily accessible from the village.
Chilton Polden is situated in the Polden Hills, from which the village gets its name. The Hills are a raised elevation and extend for approximately 10 miles, dwarfing the surrounding Somerset Levels.
The village has a population of around 700 residents and continues to expand with the construction of a modern housing development by Persimmon Homes on the ground immediately adjoining Leather & Lace Bar & Grill.
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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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