The Crown Inn Coston Road, Melton Mowbray

Asking price £49,995


LEASEHOLD opportunity of The Crown at Sproxton.
Annual passing rent is £2,483 per calendar month (£29,791 pa) plus insurance. per annum reviewed in 2023.

  • Leasehold Sale
  • 11 Year Lease in place
  • £29,791 p/a Rent
  • Zero Rated Business Rates
  • Development Opportunity STP
  • 2 Bed Living Accomodation
  • 3 Letting Bedrooms
  • Restaurant
  • Delightful Patio
  • Huge space to rear

Property Details

  • Reference: L011021K
  • Type: Public House
  • Status: For Sale
  • Bedrooms: 3
  • Area: 2000sqft

Sproxton is an affluent, much sought-after Leicestershire village sitting close to the Lincolnshire border between Grantham and Melton Mowbray, with easy access to the A1.

17th century Inn occupies a large plot in the heart of the village
Built of stone construction under a pitched slate roof
Bar area
Lounge/Bar
Restaurant
3 x en-suite Letting Rooms
Commercial Catering Kitchen
2 x double Bedroom Owners Accommodation
Large split level patio area
Plentiful car park.

Offered for sale as a LEASEHOLD purchase, currently with a 12 year FRI privately renewable lease assignment in place with approximately 11 years remaining.
Free of tie on all products.
The passing rent is £2,483 per calendar month (£29,791 pa) plus insurance. per annum reviewed in 2023.
The leasehold agreement sits outside of the Landlord and Tenant Act 1954 but is renewable by private agreement.
There is a £3,500 refundable security deposit held.
Business Rates Payable we are advised is NIL.

LEASEHOLD
£49,000.
The current tenants purchased the leasehold business in 2014 and continue to run it today paying a passing rent is £2,483 per calendar month (£29,791 pa) plus insurance. per annum reviewed in 2023.
Accounts and trading figures will be made available to serious enquiries.

We are advised that all mains services are to this building (not checked by LLH), with LPG utilised for Heating and Cooking.

Strictly by appointment with the vendors sole selling agents. Tel: 01780 435072 Email info@llhsolutions.com You are recommended to contact us in the first instance prior to visiting the property even for an informal viewing.

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.

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