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South Lakeland – Cosy Bar And Restaurant For Sale

Ulverston, Cumbria, UK
Asking Price:
£95,000 Furniture / Fixtures included
Turnover:
£755,995
Net Profit:
£130,000

Edge of Lake District National Park
Prime A road position
Bar (60). Restaurant (70)
Function room (18)
Two bedroom owners’ accommodation
Net sales: £755,995
SELLER REF 96097

Property Information

Property:

Leasehold

Leasehold Type:
Existing
Lease Terms:

The property is held on a full repairing and insuring lease from Star Pubs & Bars Limited for a term of ten years, commencing 03 August 2022. The lease falls within the security provisions of the Landlord & Tenant Act 1954 and is fully assignable. Rent is £53,277 per annum plus VAT with periodic rent reviews every fifth anniversary of the start date, and annual RPI rent increases.

An incoming party will be required to provide a rental deposit to the Landlord of £13,319.25 in advance plus personal guarantors. The lease is of partial tie on draught beers and bottles beers only.

Leasehold Rent:

£53,277 per annum

Living Accommodation:

Owners’ Accommodation
Private access from the ground floor leads to the compact KITCHEN with fitted wall and base units and integrated appliances. On the first floor is a spacious, carpeted LOUNGE in addition to a BATHROOM and TWO DOUBLE BEDROOMS.

Location:

he Old Farmhouse is located on Priory Road/A4087 in the South Lakeland market town of Ulverston. The town lies on the Furness Peninsula, a few miles south of the Lake District National Park and northwest of Morcambe Bay. The area has many independent shops, traditional markets, cobbled streets and cultural hotspots, in addition to rolling farmland, coastal villages and the prominent Sir John Barrow Monument at the top of Hoad Hill.

Ulverston lies on the A590 which links the M6 to Barrow-in-Furness and gives access to the Lake District National Park and West Cumbria.

Premises Details:

The Old Farmhouse is a stone built, lock-up property with a single brick extension to the side and a two storey owners’ flat. The property is approximately 422 sqm

Size in square feet:
4,542
Energy Performance Rating:
C  View EPC Graph for this property

Business Operation

Trading hours:

Current opening hours are:
Wednesday to Sunday: 11:00 – 23:00.

In addition, our clients close the premises for two weeks very year.

Other Information

Related Documents: