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Black Dog Inn, Church Street, Newent, Gloucestershire, GL18

£550,000

Business rates & charges may apply

Sidney Phillips Limited, The Midlands
SIZE

Ask agent

SECTOR

Pub for sale

USE CLASSUse class orders: A4 Drinking Establishments and Sui Generis

A4, sui_generis_3

Key features

  • 17th century Inn with 3 section beamed bar
  • Separate restaurant/games room and catering kitchen
  • 5 en suite family size letting bedrooms
  • Gardens and car parking and p/p for the construction of 5 2-bedroom townhouses
  • Currently closed

Description

The market town of Newent stands in the Leadon Valley on the Herefordshire/Gloucestershire border near to the Wye and the Severn Valleys and on the edge of the Royal Forest of Dean.

Newent is a popular town which benefits from excellent communication links due to its proximity to both the M50 (3 miles) and M5 motorways as well as the cities of Hereford and Gloucester. It has an increasing population of just over 6,000 and is a bustling and popular medieval town centre, home to many businesses.

The Black Dog is one of the town's most historic properties dating back to the early 17th century and has a wealth of period charm and character. The pub stands in a large plot of 0.4 of an acre and in addition to an attractive coaching inn with bars and 5 en suite family sized letting room, part of the car park has planning consent for the construction of 5 connected 2 bedroom town houses for which the footings have already been completed.

It is now being offered either for sale or alternatively to let on favourable free of tie lease terms to aspiring, energetic operators.

FREEHOLD £550,000 to include goodwill and fixtures and fittings. Stock at valuation in addition.
Or alternatively:
LEASEHOLD £15,000 plus VAT to include the trade inventory.
TERM Six years
LANDLORD & TENANT ACT 1954 Inside Part II Landlord & Tenant Act 1954
ASSIGNABILITY Fully assignable subject to Landlord's consent
BOND A bond equivalent to 3 months' rent in advance
RENT £20,000 per annum, paid monthly in advance
RENT REVIEW Subject to rent reviews every third year of the term
REPAIR LIABILITY Full repairing and insuring lease.
TIE Free of all trade ties
INSURANCE The Landlord will insure the building, the cost of which will be charged to the Tenant by way of an Insurance Rent
VAT VAT will be payable on the Premium and rental payments

No direct approach to be made to the business; please direct all communications through Sidney Phillips.

Viewing strictly by appointment only.

Black Dog Inn, Church Street, Newent, Gloucestershire, GL18

Approximate location
Open mapStreet View

NEAREST STATIONS

Distances are straight line measurements from the centre of the postcode
  • Ledbury Station7.9 miles

About Sidney Phillips Limited, The Midlands

Shepherds Meadow, Eaton Bishop, HR2 9UA

About Sidney Phillips

Pub, hotel and restaurant specialists with a bespoke and personal service

Whether you are looking to buy or sell a pub or a licensed business, we take great pride in delivering a personable service.

Our comprehensive expertise and experience ensure we are able to provide the highest standard of service to clients in the market.

Sidney Phillips operates a bespoke agency service which can assist with buying and selling of both leasehold and freehold assets.

Our specialisms include the sale of 'going concern' businesses as Business Transfer Agents with years of specialist sector knowledge.

A trusted and established name

Established in 1898, Sidney Phillips boasts a network of nine regional offices, providing unrivalled local knowledge with national coverage.

Our experienced team specialises in providing sales, acquisition and valuation services to the licensed trade including public houses, hotels, restaurants, coffee shops, clubs, leisure units, investments and development sites.

We pride ourselves on our professional approach and discretion, acting for a wide range of clients including pub companies, regional brewers, private investors, developers and individual freeholders, leaseholders and tenants.

Notes

These notes are private, only you can see them.

Disclaimer - Property reference 94565. The information displayed about this property comprises a property advertisement. Rightmove.co.uk makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and Rightmove has no control over the content. This property advertisement does not constitute property particulars. The information is provided and maintained by Sidney Phillips Limited, The Midlands. Please contact the selling agent or developer directly to obtain any information which may be available under the terms of The Energy Performance of Buildings (Certificates and Inspections) (England and Wales) Regulations 2007 or the Home Report if in relation to a residential property in Scotland.

Map data ©OpenStreetMap contributors.

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