INVESTMENT OPPORTUNITY – BUY AND LEASE BACK OPPORTUNITY WITH A 10% RETURN – 14th CENTURY GRADE II LISTED FREEHOLD TOWN CENTRE INN, CAFÉ AND TAKEAWAY LOCATED WITHIN A DESIRABLE SOUTH DEVON LOCATION
- Excellent High Street town centre location in South Devon.
- Public Bar (circa 30) offering carpeted floors, bar servery, open fireplace, beamed ceilings and wood panelling.
- Lounge Bar/Dining Area (circa 20) benefitting from carpeted flooring, bar servery, log burner fireplace and beamed ceilings.
- Dining Room (circa 20) with carpets, feature fireplace and beams.
- Café and Take Away with seating for 16 customers and extensive fully equipped kitchens.
- 4 Bedroom Living Accommodation.
- Private Car Park & Commercial Catering Kitchen.
- Advised turnover for y/e 03/19 is £272,000 (inc VAT).
- Our vendors have owned and run the business for 25 years and would be keen to sign a new 10 year ‘free of tie’ FRI Lease Agreement with a rent of £25,000 per annum.
- This offers an excellent Investment Opportunity to new owners who will benefit from approx. 10% return.
- Confidential Sale – Please contact Marc Blackford on 07812 753014 for further details.
- Details Prepared: May 2019
SUPERB ‘BUY AND LEASE BACK’ INVESTMENT OPPORTUNITY WITH EXPERIENCED AND ESTABLISHED LESSEES
ASKING PRICE £275,000 FREEHOLD TO INCLUDE FIXTURES & FITTINGS, GOODWILL, EXCLUDING S.A.V.