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The Mail Coach, 14 Wellgate

For sale: £410,000.00|0.1 Acre|Pubs/Bars/Clubs, Licensed & Leisure

PROPERTY DETAILS

FOR SALE£410,000.00
SIZE0.1 Acre
ADDRESSThe Mail Coach, 14 Wellgate, Rotherham, S60 2LR
TYPEPubs/Bars/Clubs, Licensed & Leisure
TENUREInvestment Opportunity, For Sale Freehold
POSTED ON8th September 2020

DESCRIPTION

Key Points

  • Freehold Public House Investment
  • Let to E Naylor, T J Naylor & A E Naylor
  • Current rent £51,000 per annum
  • Let on a lease until 2021
  • Business unaffected by sale
  • Site area of approximately 0.1 acres
  • We are seeking offers in excess of £410,000 (12.44% Gross Initial Yield)
  • Summary

    Freehold Public House Investment

    Description

    The Property comprises a two storey mid terraced public house of brick elevations, rendered, set beneath a pitched slate covered roof. To the rear is an enclosed beer patio and outbuilding used for storage.

    Viewings

    All viewings must be arranged strictly by appointment with the sole selling agents Savills.

    Location

    The Property is located in the town of Rotherham, South Yorkshire. Rotherham is situated upon the River Don, served by the M1 motorway. The Mail Coach is situated in Rotherham town centre, on the edge of the main commercial and retail area. The immediate locality provides secondary retailers and other licensed venues.

    Terms

    We are instructed to invite offers in excess of £410,000 (12.44% Gross Initial Yield). The business will continue to trade unaffected from the premises during the marketing of the Property and post completion of the sale.

    Accomodation

    Traditional ground floor trading accommodation with public bar, lounge and games room over split levels. First floor two bed living accommodation. Beer cellar to the basement.

    Planning

    Our enquiries of the local authority have revealed that the Property is not listed and is within a Conservation Area.

    VAT

    It is envisaged that the Property will be sold as a TOGC so the transaction should therefore be exempt from VAT.

    LOCATION

    Location: The Mail Coach, 14 Wellgate, Rotherham, S60 2LR

    Rotherham Central (0.3 miles)

    Meadowhall (2.5 miles)

    Darnall (3.9 miles)

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