POWYS/SHROPSHIRE BORDER - HISTORIC VILLAGE INN WITH 10 EN SUITE LETTING ROOMS
Llangynog, Oswestry, Powys
Ref: 36526
£695,000
Freehold
1 / 10
Key Features
Precis
Substantial and well-appointed eighteenth century Village Inn. Character three section lounge bar on split levels. Self-contained restaurant and breakfast room. Ten en suite letting bedrooms. Wraparound trade garden and car park. Net sales for the year ended 31/03/2023 were £341,889. New free of tie lease available.
Tenure
LEASEHOLD £35,000 to include fixtures and fittings and goodwill. Stock at valuation in addition.
FREEHOLD £695,000 to include fixtures and fittings and goodwill.
Premium: £35,000 to include the trade furniture, fixtures, fittings and effects
Term: Three years
Landlord & Tenant Act: Outside of the security provision of sections 24-28 of the Landlord & Tenant Act 1954
Assignability: Non assignable
Security Deposit: The successful applicant will be required to lodge with the freeholder a deposit of £10,000. On termination of the tenancy, provided all of the tenant's maintenance and repair covenants have been properly executed and there are no other outstanding liabilities, the deposit will be returned to the tenant.
Rent: £45,000 per annum exclusive of VAT. To be paid monthly in advance.
Repair Liability: Full repairing and insuring
Insurance: The landlord will insure the building and recover the cost from the tenant by way of an extra rent. The tenant to insure themselves against all public and employment liability, along with contents loss and any other insurance required as an operator of this type of business.
Tie: Free of tie
No direct approach to be made to the business; please direct all communications through Sidney Phillips.
FREEHOLD £695,000 to include fixtures and fittings and goodwill.
Premium: £35,000 to include the trade furniture, fixtures, fittings and effects
Term: Three years
Landlord & Tenant Act: Outside of the security provision of sections 24-28 of the Landlord & Tenant Act 1954
Assignability: Non assignable
Security Deposit: The successful applicant will be required to lodge with the freeholder a deposit of £10,000. On termination of the tenancy, provided all of the tenant's maintenance and repair covenants have been properly executed and there are no other outstanding liabilities, the deposit will be returned to the tenant.
Rent: £45,000 per annum exclusive of VAT. To be paid monthly in advance.
Repair Liability: Full repairing and insuring
Insurance: The landlord will insure the building and recover the cost from the tenant by way of an extra rent. The tenant to insure themselves against all public and employment liability, along with contents loss and any other insurance required as an operator of this type of business.
Tie: Free of tie
No direct approach to be made to the business; please direct all communications through Sidney Phillips.
Downloads
Enquire about this listing
Ceiron Griffiths
Wales
