Immaculate Free-Of-Tie Freehouse In Famous Harbour Town Brixham For Sale

Brixham, Devon, UK

Asking Price:: £85,000

Turnover:: Undisclosed

Net Profit:: Undisclosed

• Immaculate free of tie freehouse in the famous harbour town of Brixham

• Annual turnover of £332,766 net of VAT

• Separate self-contained one-bed flat – could easily raise £12,000 a year, or be used as a holiday let

• Very popular community local, busy all year round and closed all day Monday

• Two characterful bars and dining area seating around 70

• Newly built kitchen and £50,000+ terraced sun-trap garden for 80+

• Three-bedroom owner’s accommodation

• Zero business rates; rent £26,400 per annum, free of tie

Property Information

Property:: Leasehold

Lease Terms:

The business is offered leasehold, free of tie. The lease is for a term of seven years, with approximately five years unexpired, and is renewable under the Landlord and Tenant Act 1954.
The rent is £26,400 per annum.

Price: £85,000 leasehold, to include the goodwill and trade fixtures and fittings, plus stock at valuation.

Location:

The Golden Lion occupies a prominent position on New Road, the main road into the picturesque South Devon harbour town of Brixham, with the harbour and town centre only a five-minute walk away. The surrounding area is mainly residential, providing a loyal catchment of regular local customers, with a number of commercial premises opposite.

Brixham is one of England’s most important working fishing ports and one of the best-loved resorts on the English Riviera, with a population of around 17,000. Its colourful harbour, Golden Hind replica, Berry Head National Nature Reserve and the South West Coast Path draw large numbers of visitors throughout the year. Paignton and Torquay are a short drive away, and Torbay as a whole has a population of around 139,000.