If you are looking for leases for sale on Isle Of Wight, The Kings Head Is Available !
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Leases For Sale On Isle Of Wight – The Kings Head Is Available
The Kings Head Yarmouth Free Of Tie Lease In the heart of Yarmouth
The pub, with a central bar, has recently undergone a full refurbishment at a cost of nearly £100,000. The premises run to a total of circa 446m2 (4,800ft2), with space for 60 covers internally. An additional 25 covers can be accommodated in the courtyard terrace.
The stated ingoing figures are correct at point of advertising. Please be aware there may be additional costs.
Located opposite the Red Funnel ferry port at Yarmouth the pub, has a central bar which has recently undergone a full refurbishment at a cost of approx £100,000. The premises run to a total of circa 446m2 (4,800ft2), with space for 60 covers internally. An additional 25 covers can be accommodated in the courtyard terrace.
THE BUSINESS
Profitable business, with potential to further develop the courtyard and there is also the opportunity to generate more income by developing the first floor accommodation into 7 letting rooms. The set-up of the premises could suit an owner-occupier. Accounting information can be made available to bona fide applicants following a viewing.
THE LEASE
The premises is held on a lease, with 20 years remaining and a current rent of £80,000 per annum. The pub is free from tie.
TERMS
For sale with offers invited in the region of £29,995 for the benefit of the trade fixtures, fittings and goodwill of the business, simultaneous with an assignment of the existing lease, plus stock, glassware and loose catering effects at valuation on completion.
UNIFORM BUSINESS RATE
Rateable Value: £38,750
2023/2024: £0.512p without small business relief. Interested parties should make their own enquiries of the Isle of Wight Council to confirm any rate liability or rate concession that may be applicable by telephoning Business Rates on 01983 821000
