Asking price £475,000
FREEHOLD – FREE OF TIE hugely profitable, busy Pub in the heart of a vibrant and bustling community.
- Well established Freehold for sale
- Busy roadside location
- Large well maintained corner public house
- 3/4 bedroom owners accommodation
- Turnover to year end March 2018 £440,000 net of VAT
- Finance available subject to status
- Reference: M040919F
- Type: Public House
- Status: SSTC
- Area: 2000sqft
The property is a large 2 storey corner brick building under a pitched slate roof. With outbuildings and enclosed rear courtyard with mutiple raised decked areas. Rear access to owners parking bay and side access to the function room. With basement beer cellar and external drop.
Located on Station road, the main route through the Nottinghamshire town of Langley Mill. The town has recently received significant investment with new retailers including McDonalds and Sainsbury's around the corner. Langley Mill is easily accessed via the A610, off J26 of the M1 motorway (approximately 4 miles to the East).
The property has open plan ground floor trading areas with some split level, with large central bar servery. The trading areas comprise circa 80 covers.
Double doors leading to an enclosed rear decked are offering a smoking solution. With further patio area and raised decked area. Outbuildings for storage.
Catering kitchen - fully equipped to trade with 2 further rooms offering storage and preparation areas.
Owners accommodation on the first floor and comprising:-
3 bedrooms, kitchen/breakfast room, lounge, office, store room.
The former function room is located on the first floor and offers potential for letting accommodation STPP.
Turnover to the year-end 31st March 2018 was £439,217 with an EBITDA of £70,000
Turnover to the year-end 31st March 2017 was £410,414
Offered for sale freehold with vacant possession.
According to the valuation office agency website the current rateable value is £37,250 per annum. For rates payable or other rating queries, interested parties are advised to contact to relevant local authority.
The property is opted to Tax so VAT will be charged on the purchase price.
3/4 bedroom owners accommodation
The is parking for 2 owners vehicles off road within the side courtyard area.
An early discussion about finance can often save time and disappointment, talk to LLH Solutions about securing independent financial advice from one of our solution partners.
Strictly by appointment with the vendors sole selling agents. Tel: 01780 435072 Email email@example.com You are recommended to contact us in the first instance prior to visiting the property even for an informal viewing.