Pub/bar for sale in No. 14 St. Marys Hill, Stamford PE9

£110,000
Interested in this property? Call +44 1780 673903 * or Request Details

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Pub/bar for sale
Tenure: Leasehold Service charge: Not available Time remaining on lease: Not available Council tax band: Not available Ground rent: Not available

Property features

  • Exceptional Wine Bar
  • St. Mary's Hill Stamford
  • Huge Kerb Appeal
  • Buoyant Business
  • Town Centre
  • Opulently Furnished
  • £110,000 Premium
  • £17,500 p/a Rent
  • Leasehold Opportunity

Property description

Exceptional wine bar business for sale in very desirable Stamford. £110,000 Premium, £17,500+VAT p/a Rent. Fully trading business. All furnishings and equipment are included in the sale, and are all supremely high quality. Talk to us, we are Stamford and Oakham based.

Location & Area

Located on St Mary's Hill in the centre of the popular market town of Stamford. The town boasts 11 churches, 30 pubs and over 10 quality hotels and guest houses. The property benefits from high foot fall due to being close to car parks and the weekly markets. Stamford is approx. 90 miles North of London and has excellent road and rail connections via the A1 and the main East Coastline.

Property Description

Occupying the ground and basement floors of a mid terrace property opposite all Saints Church in one of the most popular towns in the East Midlands.

Accommodation

The Wine bar is accessed from the pavement, with a few steps leading the main bar area, with covers for approximately 35 on the ground floor. Main bar servery fully equipped for trade. A catering kitchen (immaculate) fully functional and practical for the food offering at No.14.
Ladies and Gents w/c's.
Stairs leading to the basement bar for up to 20 guests.
Store room.
The property is fully alarmed and benefits from a full 31 day recordable CCTV system with remote access.

Services

We are advised that all mains’ services are connected to the property with the exception of gas. The kitchen appliances run off electricity. These services have not been inspected or tested by the agent.

Terms

Lease terms to be confirmed, the initial passing rent is currently £17,500 + VAT per annum plus insurance.
The premium for the business to include equipment is £110,000 - plus stock at valuation.
The business is being sold by way of lease assignment - the original lease was for 6 years from 2018 and is fully assignable, a new lease maybe available from the landlord for a fresh 6-year term.

Rates

According to the valuation office agency the current rateable value is £18,000 per annum. The local billing authority is South Kesteven District Council.

Vat

VAT will not apply to the premium, but will be charged on the rent by the landlord. VAT may be levied on other service costs charged by the landlord.

Legal Costs

Both Parties will be responsible for their own legal costs

Parking Notes

There is an agreement with a separate business owner for car parking to the rear. This is an informal arrangement.

Planning

The property benefits from the relevant use classes for the current trading format.
The premises licence No 33356 allows opening times as follows:
0800-2300 Monday to Sunday
Until 0100 on Sun & Mon on Bank Hols, Christmas Eve and Boxing day

Other

Finance may be available through Independent Financial Brokers and P & F Commercial would be pleased to make an introduction for you. The Brokers are completely Independent and will offer confidential, unbiased advice regulated by the Financial Authorities. Please ask for further details.

Viewings

Strictly by appointment with the vendors sole selling agents. Tel: Email You are recommended to contact us in the first instance prior to visiting the property even for an informal viewing.

Property info

Arrange Viewing

For more information about this property, please contact
LLH Solutions, LE15 on +44 1780 673903 * (local rate)

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Disclaimer

Property descriptions and related information displayed on this page, with the exclusion of Running Costs data, are marketing materials provided by LLH Solutions, and do not constitute property particulars. Please contact LLH Solutions for full details and further information. The Running Costs data displayed on this page are provided by PrimeLocation to give an indication of potential running costs based on various data sources. PrimeLocation does not warrant or accept any responsibility for the accuracy or completeness of the property descriptions, related information or Running Costs data provided here.

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