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Public House Free Of Tie In Leamington Spa To Lease For Sale

Leamington Spa, Warwickshire
Asking Price:
£19,950 Furniture / Fixtures included
Turnover:
Not applicable
Net Profit:
Not applicable

Veritas Business Sales are delighted to offer for sale this outstanding Public House which is located in the highly desirable and affluent town of Royal Leamington Spa. It’s classed as the oldest watering whole in the town and is reluctantly being offered for sale due to unforeseen personal reasons. What’s on offer is a new 10 year FRI lease, free of tie to include all fixtures & fittings. The pub has not traded for a couple of weeks but is ready to trade and has kitchen facilities should you wish to serve food. There are 4 rooms above which are self contained and sublet for £400 per week which pays a large proportion of the rent. Alternatively it would make adequate living quarters for an owner operator wishing to live on site. There will be no accounting information supplied. We believe that there is huge potential to build a thriving community wet lead pub here with the capability for food sales also. This is a superb opportunity to purchase an established business with further potential which is a great base to build upon and as such early viewing is highly recommended as this business is not to be missed.

Property information

Property:

Leasehold

Leasehold Type:
New
Lease Terms:

Original term: New 10 year lease
Rent: £26,000 pa
Reviewed: 5 yearly
Rates: zero

Leasehold Rent:

£26,000 per annum

Living Accommodation:

First floor
Lounge
Kitchen, fully fitted with access to the second floor
Bathroom with bath & shower over, W/C and hand wash basin
Double bedroom
Double bedroom

Second floor
Double bedroom
Double bedroom

External
Rear beer garden with tables & chairs, astro turf area, wood fires pizza oven, beer drop and stairs to the first floor accommodation.

EPC rating D
The property benefits from gas central heating

Location:

This established Public House is located in Royal Leamington Spa. It’s the oldest watering hole in the town and is surrounded by residential properties which also has a high population of students. Wide boulevards, Georgian and Edwardian architecture, award-winning parks which provide a sophisticated backdrop to this Regency shopping paradise. Often described as 'the best bits of London, all in a ten-minute walk', Leamington town centre combines a treasure-trove of independent, specialist boutiques with all the national chains you would expect to find in a large city. With an impressive array of entertainment venues, a rich choice of restaurants and some of the country's best spas and salons, we're certain you will find it one of the most appealing towns in the UK.

Premises Details:

Ground Floor
Open plan bar/lounge which is split level with seating for (30), bar servery with beer pumps and wall mounted optics, bottle fridge and hand wash basin. Ladies 2 x W/C and hand wash basin. Gents W/C with 4 x urinals and hand wash basin. Kitchen comprising: stainless steel double sink, stainless steel work top, 4 burner range (Lincat), grill, griddle, gas dual deep fat fryer (Lincat), under counter fridge (Fridgidare), Under counter freezer (Fridgidare), toaster (Rowlett), microwave (Panasonic), extraction hood, stainless steel wall mounted shelving, dual electric deep fat fryer (Cook works) and stainless steel sheeting to part of the walls.

Cellar (Below ground)
Store room with shelving
Store room with glass storage shelves
Main beer cellar with cooling equipment
Store room with beer drop

Energy Performance Rating:
D

Business Operation

Reasons for selling:

Personal

Years established:
100 years

Contact Information

    1. Your Address

    2. Optional
  1. Optional
  1. What will I happen?

    We will pass a copy of your enquiry information, along with the name of the business you enquired on to finance specialists Rangewell. They will contact you in due course about financing your business purchase.

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