Free of Tie Public House Located In Leamington Spa

Public House Located In Leamington Spa
Free of Tie (To-Let)
Ref 2359

Location
This established Public House is located in Royal Leamington Spa. The business sits within a prominent and highly visible, corner trading position on Lansdowne Road which gives easy access to the town centre. The immediate area is densely populated with residential properties and retail businesses with plenty of local street parking. Leamington Spa offers an impressive array of entertainment venues, a rich choice of restaurants and some of the country's best spas and salons. That’s why it’s one of the most appealing towns in the UK.

Sub-Lease Asking Price: £4,950 plus SAV (£2,000)
Sub-lease Term: negotiable
Rent: £37,000 pa (ground floor only but to include broadband) 3 months rent deposit required
Business rates: zero

Business Description
Veritas Business Sales are delighted to offer for sale this respected Public House which is located in the highly desirable and affluent town of Royal Leamington Spa. The property has been a watering hole for over 40 years and has been in the hands of the current owners for the past 7 years but for the past 2 years they have sub-let the pub due to other commitments. Since ownership they have invested in new equipment along with fixtures and fittings which are all bought and paid for and included within the sale price, which is a huge plus for a new owner as additional funds will not need to spent for some time. The Builders Arms has a great regular and repeat client base, is free of tie and has an average weekly turnover of £6,000 on just wet sales and operates with 4 part time members of staff. No accounting information can be provided as the pub has previously been sub-let. We believe that the business would flourish from an experienced food based owner operator to take this back to its former glory. This is a superb opportunity to purchase an established pub with further potential which is a great base to build upon and as such early viewing is highly recommended as this is not to be missed.

Opening Times
Monday – Sunday – 11.00am – midnight

Ground Floor
Vestibule entrance to front and side.
Bar open pan comprising: bar servery with 1 x 4 tap beer dispenser, 4 x 3 tap beer dispenser, coka-cola fridge, shelving for glass storage, 2 x 2 door under counter bottle fridges, sink drainer, wash basin, ice machine and EPOS till system. Numerous tables & chairs, high tables to seat (60), darts board, pool table, gaming machines and 4 wall mounted flat screen TV’s.
Gents W/C with urinals, wash basin and wall mounted hand dryer.
Ladies W/C x 2 with wash basin and wall mounted hand dryer.
Kitchen comprising: sink drainer, glass washer (Emperor), wall mounted storage shelving, base units, microwave and microwave/grill (Ambiano).
Hallway with cleaning stores.

Cellar (Below ground)
Storeroom Storeroom with beer drop Main beer cellar

EPC Rating B
The business benefits from CCTV (11 camera system)