Leasehold Public House & Restaurant Located In Leamington Spa
Free of Tie Community Pub
Large Four Bedroom Accommodation Above
This respected Public House & Restaurant is located in Royal Leamington Spa. The business sits within a prominent and highly visible trading position on one of the busy main roads which gives easy access to the town centre and retail parks. The immediate area is densely populated with residential properties and the town itself offers wide boulevards, Georgian and Edwardian architecture, award-winning parks which provide a sophisticated backdrop to this Regency shopping paradise. Often described as ‘the best bits of London, all in a ten-minute walk’, Leamington town centre combines a treasure-trove of independent, specialist boutiques with all the national chains you would expect to find in a large city. With an impressive array of entertainment venues, a rich choice of restaurants and some of the country’s best spas and salons, we’re certain you will find it one of the most appealing towns in the UK.
Asking Price: £49,950
Original term: New 10 year lease
Rent: £1,100 per week plus VAT
Reviewed: 5 yearly
Rateable value: £18,000
Veritas Business Sales are delighted to offer for sale this outstanding Public House & Restaurant which is located in the highly desirable and affluent town of Royal Leamington Spa. The pub dates back to the 1970’s and is now available to lease. What’s on offer is a new 10 year FRI lease, free of tie to include all fixtures & fittings. We act for the landlords so no accounting information will be provided as the pub has previously been leased out. We believe that this thriving community pub would flourish from an experienced food based operator to take this back to its historic high levels of turnover. This is a superb opportunity to purchase an established business with further potential which is a great base to build upon and as such early viewing is highly recommended as this business is not to be missed.
Open plan bar/lounge/restaurant with seating for (90), 4 baby chairs, darts board, carvery counter with hotplate and hot cupboard, bar servery with 13 beer taps, 2 hand pull beer pumps, 2 x two door under counter bottle fridges and 2 x one door under counter bottle fridges and wash basin.
Ladies 3 x W/C’s, 2 x wash basins, baby change, soap dispenser and wall mounted hand dryer.
Gents 2 x W/C’s with 4 x urinals, 2 x wash basins, soap dispenser and wall mounted hand dryer. Hallway with 2 x upright fridges, stainless steel table, under counter freezer and commercial microwave (Sharp). Office with safe. Storeroom. Washroom with stainless steel double sink drainer, jet spray, glass washer (Class EQ), dishwasher (Winter halter) and 2 x metal storage racks. Kitchen comprising: stainless steel double sink, 2 wall mounted shelves, 2 x stainless steel work tables, stainless steel table with pass, 2 door under counter fridge, upright fridge (Foster), upright freezer (Foster), 2 x double deep fat fryers (Lincat), griddle, 6 burner range (Lincat), grill (Lincat), 2 x commercial microwaves (Sharp) and extraction unit. Staff W/C with wash basin. Laundry room with ice machine, washing machine and dryer. Cleaning stores. Storeroom with storage racking. Spirits stores. Fridge/freezer stores with 3 x chest freezers, small chest freezer, 3 x upright fridges and 2 x upright freezers. Beer cellar.
First floor Full bathroom with separate shower cubicle Lounge Kitchen 4 x double bedrooms
External Patrons parking for (60) 2 disabled parking spaces 22 picnic tables Smoking shelter Children’s play area
EPC rating D
A three month rent deposit will be required and rent is to be paid monthly in advance.