Asking price: £39,000

Sales revenue: Undisclosed

Net profit: Undisclosed

Fixtures value: Undisclosed

Stock value: Undisclosed

Business description
- Situated in the pleasant town centre of Axminster.
- Traditional pub with a strong community bias.
- 10 year Innspired Partial Repairing Lease.
- Five Year Rent Reviews
- Substantial PRICE REDUCTION to help sell quickly.

Property: Leasehold

Lease terms
- 10 year landlord tenant protected renewable lease. Commenced June 2002 - Advised existing rent £24k. Five year rent reviews - Performance related beer discounts. Advised but not confirmed. - Free of tie wines and spirits, - Only partial repair obligations - 90% share of amusement with prize machines

Living accomodation
Domestic 3 bedrooms, lounge and new fitted kitchen diner. Gas central heating.

Location
Axminster is an ancient market town situated in east Devon on the border of Dorset. This is an area of natural outstanding beauty and is only a short driving distance from the famous Jurassic Coast. Its origins date back to Celtic times, about 300BC but is probably more famous for being the home of the Axminster carpet which originated in the town in 1775. The town is located just off the A35 approximately half way between Dorchester and Exeter. The Castle is situated in the town centre

Expansion potential
This is a good opportunity as a low cost starter pub for someone new to the business. At present it is not trading to its true potential and therefore is reflected in the price.

Related documents

		The Castle Axminster details