Worcester City Pub Nil Rent For Christmas For Sale

Business description

Terraced community local just off the A38 to the north of the city of Worcester. The pub has been run on a temporary basis for a few months but the tenant has decided to move on to pastures new. There is still some work to be done to the living accommodation (mainly decoration) and the trade area to the rear and the tenant will be expected to carry out this hence a nil rent period as described further in these details. The pub used to trade well as a wet led house and it is amongst a heavily populated residential area. We are seeking an enthusiastic couple with or without experience to take the business by the scruff of the neck and stamp their personality on the operation. We are a small private pub company able to make fast decisions and the pub is supported by our management company.

Property information

Property:

Leasehold

Lease terms:

Initially under a Temporary Agreement for 6 months, Free of Tie based on the following rent pattern:-
Month 1 NIL RENT Mth 2 NIL RENT; Mth 3 £5,200 per annum; Mth 4 £7,800; Mth 5 £9,100; Mth 6 £10,400
Deposit: £3,000; SAV: On Completion; F&F: To be provided by the tenant
A new 10/15 or 20 year Lease, FOT, FRI will be made available at the successful completion of the Temporary Agreement for NIL PREMIUM and terms to be agreed. This lease is an asset and can be sold after 3 years.

Leasehold rent:

£ per annum

Living accommodation:

2 Bedrooms; Lounge; Bathroom; WC The accommodation requires clearing and decorating by the new tenant

Location:

The Barbourne is located in New Bank Street which is a residential area running parallel to the main A38 by-pass to the north of the city of Worcester

Premises details:

Two Bars; Central Servery; Rear Trading Area; 2 Bedrooms; Lounge; Bathroom; WC; On street parking

Other information

Expansion potential:

Trade could be expanded by introducing a modest food offer

Competition / Market:

Two other pubs within half a mile

Support & training:

Our management company is there to offer support and guidance

Reasons for selling:

Change of tenant

Trading hours:

By discussion. Probably traditional hours with all-day opening at weekends

Financing available:

We can introduce help