Pub/bar for sale

Church Street, Newent GL18

17th century Inn with 3 section beamed bar
Separate restaurant/games room and catering kitchen
5 en suite family size letting bedrooms
Gardens and car parking and p/p for the construction of 5 2-bedroom townhouses
Currently closed

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.