£50,000
(£1.00/sq. ft)
Leisure/hospitality for saleTaunton TA3
50,000 sq. ft
Just added
Business
About this property
Centrally positioned in Somerset village close to county town
Characterful main bar & dining areas (50)
Function room with skittle alley (40)
2 bedroom private accommodation
Trade patios & garden bar (50), car park (8)
Established business with annual net sales in excess of £400,000
leasehold £50,000 to include goodwill, fixtures and fittings. Stock at valuation in addition.
The Crown Inn is held on a seven year lease from a private investment company, with the option for a seven year extension. Commencing October 2024, this is a full repairing and insuring lease agreement. The annual rent is £25,000, paid monthly in advance. Rent reviews every three years at open market rent. The lease falls within the security provisions of the Landlord & Tenant Act 1954 and is fully assignable. A bond of two months’ rent is paid to the landlord in advance. The lease is free of all trade ties. The landlord insures the building, the cost of which is charged to the tenant by way of insurance rent.
No direct approach to be made to the business; please direct all communications through Sidney Phillips. Viewing strictly by appointment only.
Characterful main bar & dining areas (50)
Function room with skittle alley (40)
2 bedroom private accommodation
Trade patios & garden bar (50), car park (8)
Established business with annual net sales in excess of £400,000
leasehold £50,000 to include goodwill, fixtures and fittings. Stock at valuation in addition.
The Crown Inn is held on a seven year lease from a private investment company, with the option for a seven year extension. Commencing October 2024, this is a full repairing and insuring lease agreement. The annual rent is £25,000, paid monthly in advance. Rent reviews every three years at open market rent. The lease falls within the security provisions of the Landlord & Tenant Act 1954 and is fully assignable. A bond of two months’ rent is paid to the landlord in advance. The lease is free of all trade ties. The landlord insures the building, the cost of which is charged to the tenant by way of insurance rent.
No direct approach to be made to the business; please direct all communications through Sidney Phillips. Viewing strictly by appointment only.
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Monthly repayment
£250 per month
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