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LINCOLNSHIRE - 3 BEDROOM PUB & RESTAURANT WITH 7 ELECTRIC HOOK-UP CAMPSITE

Spilsby, Lincolnshire, PE23 4NA

Asking Price POA
Leasehold Price £50,000
Tenure Leasehold

Description

LEASEHOLD £50,000 to include goodwill, fixtures and fittings. Stock at valuation in addition. The George & Dragon is held on a full repairing and insuring lease from Admiral Taverns for a term of 18 years, expiring September 2043. The lease falls within the security provisions of the Landlord & Tenant Act 1954 and is fully assignable. Rent currently £17,500 per annum, paid weekly in advance, subject to three yearly rent reviews with open market rent. An incoming party will be required to provide a rental deposit to the Landlord equivalent to three months’ rent. The lease is free of tie on spirits and soft drinks only. The Landlord will insure the building, the cost of which will be charged to the Tenant by way of an Insurance Rent. No direct approach to be made to the business; please direct all communications through Sidney Phillips. Viewing strictly by appointment only.

Location & Situation

TRADE AREAS FRONT ENTRANCE PORCH providing entry to the SNUG with seating for 20, wooden flooring, wooden bar servery with copper top and log burner. BAR/RESTAURANT with seating for 40, part carpet, part tile flooring, log burner, wooden main bar servery and access to both Ladies’ and Gentlemen's TOILETS. GARDEN ROOM with seating for 20 and tile flooring. Basement CELLAR comprising two rooms, one of which contains an external barrel drop. Fully-fitted COMMERCIAL KITCHEN with POT WASH ROOM and STOREROOM. PRIVATE FRONT ENTRANCE HALL with stairs to the first floor. FIRST FLOOR THREE DOUBLE BEDROOMS. LOUNGE. KITCHEN/DINER. BATHROOM. EXTERNAL CAR PARK with space for 40 vehicles. FRONT PATIO with seating for 20. Enclosed and lawned PRIVATE GARDEN. STORAGE OUTBUILDING. BIN STORE. Side LAWNED BEER GARDEN with seating for 36, children's play area and smoking shelter. CAMPSITE with 7 electric hook-ups and a detached SHOWER BLOCK which comprises two double shower rooms and a communal dressing room.

Details

Property Type
Caravan & Camping, Restaurant, Public House

SidneyPhillips

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