Gloucestershire - 17th Century Inn In For Sale

Property Information

Property:

Available as freehold and leasehold

Lease Terms:

FREEHOLD £550,000 to include goodwill and fixtures and fittings. Stock at valuation in addition.
Or alternatively:
LEASEHOLD £15,000 plus VAT to include the trade inventory.
TERM Six years
LANDLORD & TENANT ACT 1954 Inside Part II Landlord & Tenant Act 1954
ASSIGNABILITY Fully assignable subject to Landlord’s consent
BOND A bond equivalent to 3 months’ rent in advance
RENT £20,000 per annum, paid monthly in advance
RENT REVIEW Subject to rent reviews every third year of the term
REPAIR LIABILITY Full repairing and insuring lease.
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 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.

Living Accommodation:

LETTING ACCOMMODATION
There are FIVE LETTING BEDROOMS, four of which are over the main building and the fifth is situated in the separate bothy in the garden. All are FAMILY SIZED ROOMS with EN SUITE BATHROOMS/SHOWER ROOMS. The bothy is a brick built independent building with a pitched tiled roof located to the rear of the private garden area.

Location:

The market town of Newent stands in the Leadon Valley on the Herefordshire/Gloucestershire border near to the Wye and the Severn Valleys and on the edge of the Royal Forest of Dean.

Newent is a popular town which benefits from excellent communication links due to its proximity to both the M50 (3 miles) and M5 motorways as well as the cities of Hereford and Gloucester. It has an increasing population of just over 6,000 and is a bustling and popular medieval town centre, home to many businesses.

The Black Dog is one of the town’s most historic properties dating back to the early 17th century and has a wealth of period charm and character. The pub stands in a large plot of 0.4 of an acre and in addition to an attractive coaching inn with bars and 5 en suite family sized letting room, part of the car park has planning consent for the construction of 5 connected 2 bedroom town houses for which the footings have already been completed.

It is now being offered either for sale or alternatively to let on favourable free of tie lease terms to aspiring, energetic operators.

Other Information

Leasehold asking price:

£15,000