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7 bedroom pub for sale

Long Sutton, Lincolnshire

Guide Price £650,000

Property Description

Key features

  • Freehold Investment Opportunity
  • Minimum 10% Return on Investment
  • 15 year LTA Lease in place
  • 65,000 p/a rental income
  • Completely Refurbished
  • Superb Investment Opportunity
  • Skilled Operator in place
  • Affluent Location

Full description

This superb Freehold, Free of Tie Opportunity has arisen.
Completely Refurbished to a delightful standard not long ago, a small amount of investment will be required to bring it up to tip top condition.
This really is a most superb opportunity for a quality operator.
Long Sutton is an affluent location which is on a gateway route to East Anglia and steeped in history.

Freehold Investment Opportunity -

Fabulous property and business.

15 Year Landlord and Tennent Act protected lease in place, with 15 years remaining.

10% minimum Return On Investment with staged increases in place.

Lease available for viewing upon completion of NDA.

Location & Area -

Palmers is situated in the heart of the vibrant, affluent, Lincolnshire market town of Long Sutton, 13 miles east of Spalding, 13 miles west of King's Lynn and 19 miles south of Boston.

Long Sutton remains a bustling market town conveniently situated adjacent to the arterial route of the A17

The Business -

15 year Landlord and Tennant Act protected lease is in place with 15 years left to run, initial annual rent of £65,000, upward only rent reviews in 2022 then 2027.
Very well regarded food lead pub, with prime letting accommodation leased to a skilled operator with business provenance.
Recently updated to a massively high standard.
Prior to the leasing of this business trade figures show annual turnover of approximately £625,000 under the governance of the current freeholder not including the letting accommodation.

Externals -

Strikingly decorated and thatched bringing character and quality to the prominent trading position.
Beautiful and very functional courtyard to the rear of the premises 40+ seated plus standing, feature band stand ads to the overall impression.

Property Description -

Dating back to the 16th century the entire property has been refurbished throughout and is testament to the taste and quality of the current freeholder.
Palmers is now a modern take on the traditional provision of Pub and Restaurant with much sought after letting accommodation.
Two story brick construction, modernised, extended and embellished by a newly thatched roof; Palmers retains many of the original features whilst embracing the new.

Premises Licences & Staffing -

2003 Licensing Act in place.

Price & Tenure -

FREEHOLD INVESTMENT.

15 year Landlord And Tennent Act protected lease in place. £650,000 asking price for the freehold sale VAT to be confirmed.

Services -

All mains services are in place.

Epc -

EPC in place
C- 68

Finance -

An early discussion about finance can often save time and disappointment, talk to KSA Commercial about securing independent financial advice from our list of approved brokers in our “One Stop Shop”

Viewings -

Strictly by appointment with the vendors sole selling agents.
Tel: 01780 435072 Email info@ksa-commercial.co.uk
You are recommended to contact us in the first instance prior to visiting the property even for an informal viewing.


More information from this agent

Energy Performance Certificate (EPC) graphs

Map & Street View

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