Topsham Salutation Business For Sale

Business description

Punch Taverns is pleased to offer the Salutation on a 10 Year Secure Lease agreement ( longer by negotiation).

As the most innovative and progressive Pub Company in the UK, Punch Partnerships can offer Choice, Flexibility and Clarity through an Agreement individually negotiated to reflect your specific business needs

The Salutation is an historical coaching inn dating from the 1720s. It is prominently situated on the high street in the popular riverside town of Topsham, located in the main high quality retail shopping area of the town which incorporates many individual and local businesses. Topsham is perfectly located to explore South Devon and The Salutation benefits from being close to the foot ferry, is only 3 miles from the M5 and 15 minutes from Exeter city centre.
This is an attached stone and rendered property, built on three storeys.

Trade Areas - As a new high profile development it is envisaged that an investment of some £200,000 will be made by the Landlord, Punch Taverns, to develop the ground floor. Any potential lessee will be required to invest in the upgrading of the 5 letting bedrooms. This will be by negotiation with the Business Relationship Manager.
**Major refurbishment of an historical, high profile site in the beautiful riverside town of Topsham with an investment in excess of £200,000 by the landlord.**
**A colour board is available to demonstrate the proposed style.**
**Ground floor continental style dining and upmarket coffee service **
**Secluded external courtyard area with seating for 42 persons **
**Parking for 6-8 vehicles**
**Dining covers for c115 persons**
**Opportunity to bring first floor function room in to use.**
**5 en-suite letting bedrooms and 1/2 bed domestic accommodation**
Main Bar Attractive bar and coffee areas with seating and dining for circa 115 persons in various separated areas with a feature double sided fire in the main bar Ladies ,Gents and Disabled WC’s. Catering kitchen and prep room. Freezer room/office and cellar LETTING BEDROOMS First Floor Five double/twin letting bedrooms with ensuite shower / bathrooms Opportunity to bring in to use a function room for c 45 persons.
OUTSIDE
To the rear is a car park with permitted parking for 6-8 vehicles. To the side is a secluded courtyard area for external drinking and dining for 42 persons.

Punch Taverns are looking for an experienced caterer who can re develop the food and wet trade at this prominent high street site.

Property information

Property:

Leasehold

Leasehold rent:

£45,000 per annum

Living accommodation:

Private Accommodation - First Floor Domestic kitchen/diner Second Floor The private quarters comprise of a lounge, bathroom /wc and a double bedroom . Obviously ,if the these rooms were not required by the owners then they could be developed as additional letting accommodation with the Landlord’s consent and necessary approval.

Other information

Support & training:

What Do Punch Partnerships Offer • A tailored training package called the Punch Development Portfolio. • Specialist professional advice on pub design, repair and refurbishment. • Dedicated support of a Business Relationship Manager. • An agreement that offers Choice and Flexibility: Negotiate the length of the lease and the type of agreement. Rents that will inevitably reflect the overall profit opportunity of the business and the package of benefits you choose. Choose from a full drinks tie to a release for specific drink types according to the needs of your business. • A choice to utilise a managed leisure machines service with a 50% profit share.

Furniture / Fixtures value:

£50,000 (included in the asking price)

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