South Devon Pub Ideal For Beginners To Rent For Sale

Business description

Re-available due to timewasters. Compact high street community pub, recently closed, equipped and ready for trading except for stock. Refurbished last year, the bar is of a contemporary design and there is a trade kitchen on the first floor which has not been utilised for some time. Ideal opportunity for newcomers to the trade and once traded at around 4K per week gross.

Property information

Property:

Leasehold

Lease terms:

Available initially on a Temporary Agreement for 6 months, free of tie at the following rent:-
Mth 1 £52 pa (£1 per week); Mth 2 £5,200 pa Mth 3 £10,400 pa Mth 4 £14,000 pa Mth 5 £17,000 pa Mth 6 £20,000 pa
A new substantive FOT, FRI 10/15 or 20 year lease will be made available at terms to be agreed once the Temporary Agreement is successfully traded. This lease is assignable after 3 years. Fixtures and fittings can be rented during the initial agreement but must be purchased when the lease is taken up.

Leasehold rent:

£ per annum

Living accommodation:

Spacious and in good order. First floor - two bedrooms, lounge, bathroom, kitchen Second floor - three further bedrooms

Location:

In the centre of the bustling, small market town of Chudleigh just off the main A38 Expressway linking Exeter and Plymouth.

Premises details:

Rendered building consisting of basement cellar with rear level access, ground floor bar, first floor owner's accommodation comprising lounge, bathroom and 2 bedrooms (including trade kitchen) and three more attic bedrooms.
Detached function room/skittle alley to the rear with bar
Small parking area to the rear
Public car park to the rear

Other information

Expansion potential:

By offering food and utilising the function room. Possible B&B with relevant permissions

Competition / Market:

There are 4 other pubs in town but there appears to be room for an operation attracting mature clientele and some quality bar food

Support & training:

Full support from our management company

Reasons for selling:

Change of tenant

Trading hours:

Was all day but to be discussed

Financing available:

No

Furniture / Fixtures value:

£7,000 (included in the asking price)