Shelford Nottingham NG12 1EQFor Lease £27,000 P.A.
Superb Free of Tie lease for sale
Delightful Village free of tie lease for sale
Multiple trading areas, including function room
Car parking and beer garden with childrens play area
2 bedroom owners accommodation
Turnover £410,000 net of VAT for year end 2018
The Earl of Chesterfield is located in the popular village of Shelford, which sits between Radcliffe on Trent and Gunthorpe. According to the last census in 2011 the Village population was circa 700. The Village is well positioned within 1 mile of the main roundabout where the A52 meets the A46 at Saxondale, the A52 linking Derby via Nottingham and Grantham East to West, whilst the A46 links the M1 at Junction 26 (leicester) to Lincoln, the majority of which is now dual carriageway.
The property is a 2 storey brick built detached building under a pitched tiled roof. With multiple ground floor trading areas, ground floor cellar and catering kitchen. The First floor is mainly managers/owner’s accommodation, with some additional storage and prep areas for the kitchen. With car parking to one side and rear and Children’s play area and beer patio to the other side.
Main bar area with bar servery – a range of free standing tables and chairs (20)
Lounge bar area – feature log burner (20)
Snug/locals bar (20)
Restaurant and function room (40+)
2 bedroom owner’s accommodation to include bathroom, lounge and kitchen.
Catering kitchen, ground floor beer cellar and outside store area.
We are advised that all mains services are connected to the property with the exception of gas, all cooking and heating is via the mains electric. These services have not been inspected or tested by the agent.
The business is offered for sale by way of a lease assignment or share sale. A lease premium of £49,950 to include good will and fixtures and fittings.
The lease was originally a 10 year lease from September 2015 – expiring September 2025 with a passing rent of £27,000 per annum (vat may be applicable).
Stock to be purchased on the completion date at valuation.
According to the valuation office agency website the current rateable value is £34,250 per annum. For rate relief guidance, interested parties are advised to contact the relevant local authority.
We are advised that VAT will be chargeable on the Rent and on any Service charges and Landlords Insurance contributions required.
Both Parties will be responsible for their own legal costs including a contribution capped at £1000 to cover the landlords legal fees for the assignment of the lease.
The property benefits from a large car park to the side and rear of the pub for approximately 35 cars.
Current planning allows for A4 public house with premises licence.
Finance may be available through Independent Financial Brokers and Moores Commercial would be pleased to make an introduction for you. The Brokers are completely Independent of Moores Commercial and will offer confidential, unbiased advice regulated by the Financial Authorities. Please ask for further details.
Viewing is strictly by prior appointment via the sole agents Moores Commercial Tel: 01664 431330 or via email firstname.lastname@example.org