£650,000
(£650,000.00/sq. ft)
Pub/bar for saleIghtfield SY13
1 sq. ft
Business
About this property
The sought after village of Calverhall sits within the beautiful north Shropshire countryside. It is highly regarded in the area and previously won a country wide community award named as the best village in Shropshire. It has a bustling community and boasts a number of active sports and social groups, including cricket, tennis, bowls and snooker/pool. It is well positioned between the nearby towns of Whitchurch (5 miles) and Market Drayton (6.5 miles), whilst only being a short distance from Malpus (11 miles).
The Olde Jack Innis located at the centre of the village close to the church and provides a substantial brick-built property, primarily of two storeys with later single-story extensions. It offers two principal trading areas with large private accommodation above that may suit development to letting if required. It also has the benefit of two separate trading gardens and large car park, which is exceptionally useful for its destination dining trade.
Our clients accounting information for the financial year ending 31 March 2024 provide evidence of turnover net of VAT of £482,606, working on a gross profit of some 65%. It enjoys an excellent level of net profit being £157,773. The business is exceptionally well run which has allowed it to be established as one of the best destination dining venues within the area and there is no reason why this trade could not continue with the correct operators in place.
Tenancy: £25,000 to include trade furniture, fixtures, fittings and effects. Stock at valuation in addition.
Term: 3 years
landlord & tenant act 1954: Outside of sectors 24-28 (Security Provision) of Part II Landlord and Tenant Act 1954.
Assignability: Non assignable
bond: £8,000
rent: £40,000 per annum, paid monthly in advance exclusive of VAT
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. Tenant responsible for all business related insurances.
VAT: VAT will be payable on rental payments
The Olde Jack Innis located at the centre of the village close to the church and provides a substantial brick-built property, primarily of two storeys with later single-story extensions. It offers two principal trading areas with large private accommodation above that may suit development to letting if required. It also has the benefit of two separate trading gardens and large car park, which is exceptionally useful for its destination dining trade.
Our clients accounting information for the financial year ending 31 March 2024 provide evidence of turnover net of VAT of £482,606, working on a gross profit of some 65%. It enjoys an excellent level of net profit being £157,773. The business is exceptionally well run which has allowed it to be established as one of the best destination dining venues within the area and there is no reason why this trade could not continue with the correct operators in place.
Tenancy: £25,000 to include trade furniture, fixtures, fittings and effects. Stock at valuation in addition.
Term: 3 years
landlord & tenant act 1954: Outside of sectors 24-28 (Security Provision) of Part II Landlord and Tenant Act 1954.
Assignability: Non assignable
bond: £8,000
rent: £40,000 per annum, paid monthly in advance exclusive of VAT
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. Tenant responsible for all business related insurances.
VAT: VAT will be payable on rental payments
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