Done Deals
Price: £80,000
Tenure: LEASEHOLD – PRIVATE LANDLORD
Turnover: £150,000 inc vat
Split: 30% WET – 70% DRY
RENT: £25,000 p.a.
GA-SELECT has as sole appointed agent, completed upon the lease assignment of Rushes Bistro, a contemporary bar located within the university town of Loughborough, Leicestershire.
The property holds a corner position on a popular stretch of leisure related retail outlets leading to the centre of this busy thriving market town.
Graham Allman MD of agents GA-SELECT describes the property as a contemporary modern bar with eighty bistro style covers, located behind smoked glass windows on the ground floor of a property constructed in the 70’s. It has an open plan design and recently underwent a re-fit of £150,000 including extensive works to its kitchens. The business was run as a “lock up” and only opened during evening sessions and weekends.
Rent is £25,000 completely free of tie with sales of £150,000 Inc vat split 70% Dry to 30% Wet. The lease runs for 15 years from 2004 and has landlord and tenant act protection.
The business was transferred from Mrs Deepa Taudon to 50 Ruppes Ltd off an asking price of £80,000 to include and extensive inventory of fixtures and fittings.
GA-SELECT can be contacted on 01530 414140 or info@ga-select.com full details can be seen on www.ga-select.com
“17th CENTURY COTSWOLDS COACHING INN ASSIGNED”
Price: £99,950
Tenure: LEASEHOLD – ASSIGNMENT PART TIED
Turnover: £537,735 inc vat
Split: 30% WET – 60% DRY – 10% LETTING
RENT: £48,000 p.a.
GA-SELECT has as sole appointed agent, completed upon the leasehold assignment sale of the Red Lion, a 17th century Coaching Inn located in the pretty Cotswold’s market town of Chipping Campden.
Graham Allman MD of agents GA-SELECT describes the property as an outstanding example of a local weathered washed stone property constructed in the 17th Century, and classically “Cotswold’s”.
The business has sales of above £ ½ million on a split of 30% wet to 60% dry and further 10% from Guest letting accommodation and a resulting 60% GP. The business is held on a 20 year renewable Greene King lease with a rent of £48,000 being free of tie on wines, spirits and minerals.
The period interior has York slabs and smoldering open log fires with inglenooks within its snug which seats sixteen, stable bar for sixty, main restaurant with thirty six covers and a private dining room for twenty four which is further complemented by way of five individual en-suite guest bedrooms. Its pretty courtyard seats sixty.
Owners have the use of two flats with a further double bedroom for use of manager.
Graham received instructions from father and son owners, Lawrence and Andrew Taylor arranging the assignment to Tracy Lloyd and Samantha Russell who have moved to Gloucestershire from The West Midlands.
GA-SELECT can be contacted on 01530 414140 or info@ga-select.com full details can be seen on www.ga-select.com