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Business Details
Advert Ref : H7654

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Attractive Olde Worlde LICENSED HOTEL & FREEHOUSE

  

Viewing is only via appointment contact Nationwide Businesses on 020 8763 1777.

Summary:
Reference: H7654
Categories: Hotels and Motels
Bed & Breakfasts
Guest Houses
Holiday Flats-Apartments
Pubs
Location: Wiltshire
Turnover: £ 8,000 p.w.
Price: £ 800,000 (Freehold)
 
Location

Excellent trading position, close to town centre, sought after Wiltshire locality. (Please register to make appointments and view addresses)

Features

Spacious Grade II Listed Building we understand approx. 500 years old.

Large Bar with wooden floor. Tables and chairs plus ample standing.

Ground floor function room with tables and chairs for 80 persons.

Large patio area

Ladies' cloakroom with 2 w.c's and wash hand basin
Gentlemen's cloakroom with w.c. urinal and wash hand basin

Additional ladies' and gentlemen's cloakrooms

Beer Cellar

Fully equipped kitchen

In addition there is a first floor function room which can acccommodate up to 100 persons.

Letting Accommodation - Ground Floor

4 Double Bedrooms - 3 with en suite shower rooms with shower, w.c. and wash hand basin, whilst the other has a bathroom with bath, w.c. and wash hand basin

First Floor

10 Additional Double Letting Bedrooms - 4 of which have en suite bathrooms with bath, w.c. and wash hand basin, whilst the remaining 6 Double Bedrooms have en suite shower rooms with shower, w.c. and wash hand basin.

Second Floor

2 Additional Double Bedrooms each with en suite shower room with shower, w.c. and wash hand basin

All the rooms are well decorated and furnished to a high standard.

Turnover

WE ARE INFORMED the turnover averages in the region of £8,000 p.w. in our opinion offering tremendous potential for further increase in the right hands. We are further advised that the split of turnover is approx. £4,000 p.w. wet sales plus £2,000 p.w. in respect of the accommodation with the balance of the turnover in respect of catering including functions.

Staff

The vendor at present employs 1 manager plus an assistant manager plus additional part time staff when required.

Accommodation

Situated on the Second Floor is a private flat comprising:

2 Double Bedrooms
Bathroom with bath, w.c. and wash hand basin
Lounge with kitchen area

Outside

Car Park for approx. 5/6 cars.

Tenure

Uniform Business Rates: £5,800 p.a. approx. + water rates

PERSONALLY INSPECTED AND HIGHLY RECOMMENDED

Price

PRICE TO INCLUDE THE VALUABLE FREEHOLD PROPERTY, GOODWILL, FIXTURES & FITTINGS in the excess of £800,000 plus STOCK AT VALUATION
SUBSTANTIAL MORTGAGE TO AN APPROVED APPLICANT

Reference H7654

Viewing is only via appointment contact Nationwide Businesses on 020 8763 1777.

             

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