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Pub

01664 518223

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Pub

0 bed

0 bath

9,800 sq ft / 910 sq m

Property description & features

Turnover circa £900k net of vat
Rental £50,000 per annum
Premium £150,000
Well maintained minimal cap ex required
Potential for letting bedrooms
Beer patio and outside bar
Newark Town centre location

The historic market town of Newark, with a catchment of over 150,000, is located approximately 16 miles south west of Lincoln, 17 miles north east of Nottingham and 13 miles north west of Grantham. The town is located at the junction of the A1,
A46 and A17 and is situated on the East Coast Main Line railway. It is well known for its market, which is surrounded by attractive Georgian buildings. This, coupled with its Castle and strong reputation for antiques and antiquities, ensures it is popular with both residents and visitors.

Offered for sale as a going concern by way of a lease assignment. The lease was for 10-years from June 2019, with a passing rent of £50,000 per annum plus vat and landlords insurance. Rent reviews 5-yearly.
A copy of the lease is available on request.

We are advised that year end 2022/2023 net turnover was circa £900k. Trading information is available for interested parties that have viewed the business premises.

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Places of interest

P & F Commercial - Oakham

18 Midland Co, Station Approach Oakham, Rutland LE15 6RA

01664 518223

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P&F Commercial is a well-established Commercial Estate Agency business operating across the EastMidlands. Centrally located in Rutland, with the major Cities of Leicester, Nottingham, Peterboroughand Northampton all within 40 miles, P&F Commercial are perfectly located to handle all types ofCommercial property including Shops, Offices, Industrial Units, Post Offices and any other generalInvestment/property businesses. With over 40 years combined experience in the property business, P&F Commercial has a wealth ofspecific knowledge in the sector. P&F Commercial do not just deal in vacant property but can assistbuyers and sellers in the transfer of operating businesses and are perfectly placed to assist start up’sand SME’s in the acquisition, lease or sale of the premises essential to making the enterprise asuccess. We understand that buying, selling or leasing property can be a stressful time and we are more thanhappy to handle the transaction discreetly with or without formal open market promotion and wecan arrange meetings and viewings outside office or working hours as necessary. We can handle any property from the lease of the smallest shop or office unit to multi-million poundfreeholds and we take pride in the way we can market our client’s properties using selected InternetPortals, our own website at www.pandfcommercial.com and our extensive database. We are always happy have an open chat about the services we can offer so please give us a call to discuss your requirements.

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Property reference 145256-2. The information displayed about this property comprises a property advertisement. OnTheMarket.com makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and OnTheMarket.com has no control over the content provided by the agent or developer. This property advertisement does not constitute property particulars. The information is provided and maintained by P & F Commercial - Oakham.

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