In the heart of Leamington Spa The Old Library is a popular venue to hang out during the day or after work, watch Sports TV, or just enjoy some pub food and real and craft ales. It is a spacious pub set out over four trading areas. The site is popular not only with locals but to visitors from other areas. Due its location the pub also has a good student following.
The pub is decorated to a high standard with good quality furnishing throughout. This is a turnkey operation ready to go and is an opportunity not to be missed!
All four trading rooms have televisions this enables customers to view any sporting event in any corner of the pub.
The Old Library has a fully fitted and spacious trade kitchen and excellent outside space that could be used for up to 40 covers
There is no accommodation with this pub
Forecast Turnover: £1,462,311.87
Year 1 Rent: £0.00
Guide Rent: £89,000.00
Initial Deposit: £0.00
Full Deposit: £22,250.00
Full Tie Release: £149,250.00
Agreement Fee: £750.00
Repair Fund: £2,500.00
Fixtures & Fittings: £40,150.00
Working Capital: £51,150.00
Stock & Glassware: £7,000.00
Cash Float: £1,500.00
Turnover Rent: £66,203.17
Turnover Rent %: £4.50
Forecast Wet Turnover: £1,184,619.26
Forecast Dry Turnover: £277,692.60
Forecast Other Turnover: £0.00
This truly is an exceptional site and an opportunity not to be missed! This is a great opportunity for an experienced operator to make their mark and take on an already great pub, add their touch and develop the site into a fantastic offer, such a GEM of an opportunity very rarely comes to the market.
Love Your Pub Group will send the above details on your behalf to your selected product provider(s)
Insurance disclaimer
Towergate Insurance Brokers is a trading name of Towergate Underwriting Group Limited. Registered in England No 4043759.
Registered address: 2 Minster Court, Mincing Lane, London EC3R 7PD. Authorised and regulated by the Financial Conduct Authority.
Finance disclaimer
Portman Finance Group includes Portman Asset Finance Limited (Reg No: 06226530) which is authorised and regulated by the Financial Conduct Authority for its credit broking activities and deals with a panel of lenders (FRN: 719988), Portman Leasing Limited (Reg No: 06797365) authorised and regulated by the Financial Conduct for Consumer Hire lending (FRN: 723730) and Portman Commercial Finance Limited (Reg
No: 10011121). The companies within Portman Finance Group are all registered in England and Wales with registered offices: 1 Pavilion Court, 600 Pavilion Drive, Northampton, NN4 7SL
Mortgage disclaimer
The Mortgage Hut Limited is an appointed representative of Mortgage Advice Bureau Limited and Mortgage Advice Bureau (Derby) Limited which are authorised and regulated by the Financial Conduct Authority. The Mortgage Hut Limited. Registered Office: Ground Floor, Threefield House, Threefield Lane, Southampton, Hampshire, SO14 3LP Registered in England Number: 07629941
Your home may be repossessed if you do not keep up repayments on your mortgage. There may be a fee for mortgage advice. The actual amount you pay will depend upon your circumstances. The fee is up to 1.5%, but a typical fee is 0.3% of the amount borrowed.
MISREPRESENTATION ACT 1967
The Love Your Pub Group gives notice that the contents of these particulars are believed to be correct but are given without responsibility and intending purchasers or lessees should satisfy themselves by inspection or otherwise to their correctness. These particulars do not form any part of any offer or contract and no person in the employment of the company has any authority to make or give representation of warranty to this property.
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