Outstanding Destination Dining Venue In Shrewsbury For Sale

Shrewsbury, Shropshire, UK

Freehold Price:: Undisclosed Furniture / Fixtures included

Leasehold:: £100,000 Furniture / Fixtures included

Turnover:: £655,770

Net Profit:: £197,000

First class premises appointed to very high standard
Three outstanding ground floor trading areas
Five en suite letting bedrooms
Highly successful food led business
High level of turnover and profitability
To be let on new free-of-tie lease

Property Information

Property:: Available as freehold and leasehold

Leasehold Type:: New

Lease Terms:

LEASEHOLD £100,000 to include fixtures and fittings and goodwill. Stock at valuation in addition

TERM: Ten years
ASSIGNABILITY: Non assignable
DEPOSIT: The successful applicant will be required to lodge with the freeholder a deposit of £10,000. At the end of the term if all of the tenant’s repair and maintenance covenants have been adhered to and there are no other outstanding monies or liabilities then the balance of the fund will be returned to the tenant.
RENT: Annual rent £72,000 exclusive of VAT to be paid monthly in advance
REPAIR LIABILITY: Full repairing and insuring lease agreement
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. The tenant to insure against all business related insurances including public and employment liability, contents loss etc

No direct approach to be made to the business; please direct all communications through Sidney Phillips.

Viewing strictly by appointment only.

Living Accommodation:

OWNERS ACCOMMODATION
At second floor is a FLAT consisting of LOUNGE, KITCHEN, OFFICE, DOUBLE BEDROOM with EN SUITE.

LETTING ACCOMMODATION
At first floor are FIVE EN SUITE LETTING BEDROOMS all appointed to a very high standard.

Location:

Dorrington’s Horseshoes is a substantial freehouse which stands on the main A49 trunk route at the heart of the village of Dorrington some four miles south of the county town of Shrewsbury. The village is a sought after residential location with its excellent communication links proving extremely popular for the large number of inhabitants from the surrounding area visiting the subject premises. The public houses sits at the centre of the village adjacent to the main road.

The property is appointed to an excellent standard throughout and requires a formal viewing to appreciate the quality of the finish and high standards which are upheld by the current owners. The property itself offers accommodation over three floors and appears to be constructed in the main of stone and brick with render and colour washed elevations under a pitched clay tiled roof. It has been established in the area for a number of years but has flourished under the current owners who have been in occupation since 2016. It is now one of the best destination dining venues within this part of Shropshire.