Hotel/guest house for sale in Exchange Street, Retford DN22

Central location close to Retford market place
Detached 12 en suite bedroom hotel dating back to 1890
Main bar, restaurant, private dining area & function room
Private managers/owners apartment with lounge & kitchen
Tastefully renovated in 2017 from a former police station
Free of tie lease until 2037 - Net Turnover exceeding £420,000
​​​​​​​Leasehold offers over £50,000

leasehold premium: Offers Over £50,000 to include goodwill. Stock at valuation in addition.

The Property is held on a fully repairing and insuring lease agreement from a private individual, for a term of fifteen years expiring 2037, with statutory right of renewal. The lease falls within the security provisions of the Landlord & Tenant Act 1954 and is fully assignable. Rent £45,000 per annum paid monthly in advance. Landlords security deposit of £7,000. Fixtures & fittings are owned by the landlord and will remain for the use of a new operator providing a deposit of £15,000 is lodged. This deposit is payable by way of six consecutive payments of £2,500 per month. The lease is free of all trade ties.

No direct approach to be made to the business; please direct all communications through Sidney Phillips. Viewing strictly by appointment only.