Property Details: • Type: Guest House • Tenure: FREEHOLD • Floor Area: N/A
Key Features: • Edge of town centre nine bedroom Inn • Well planned, easy to operate interconnecting trading areas seating 100 • Good owners accommodation with scope to increase letting rooms • Main road position on the edge of affluent town • Established trade • Currently operated under management
Location: • Nearest Station: Wooton Wawen Station • Distance to Station: 4.9539945894936706 miles
Agent Information: • Address: Shepherds Meadow, Eaton Bishop, HR2 9UA
Full Description: The popular market town of Alcester sits at the junction of the River Alne and Arrow in the Stratford upon Avon district of Warwickshire, and has a rich history dating back to Roman Britain. It is a much sought after residential area, being just to the south of the Birmingham conurbation which provides a huge number of employment opportunities, and thus is a commuter hub. The town has good road communication links, being at the junction of the A46, A435 and A42 which link to the nearby M42 and M5. Alcester is close to a number of other quaint towns and villages including Stratford upon Avon eight miles to the east and Redditch, seven miles to the north. The town's population is approximately 6,500 occupants. <br /> <br />The Roebuck Inn is a prominent, well established Grade II Listed roadside inn located on the northern edge of the town centre just off the main A435. The premises appear to be constructed mainly of brick with colourwashed elevations under a clay tiled roof. It offers extensive accommodation over three floors including letting bedrooms, trading rooms, ancillary areas and private accommodation, all serviced by a large car park. The property has been operated successfully as an Inn for a number of years and the accommodation briefly comprises:- <br /> <br />OWNERS ACCOMMODATION <br />FIRST & SECOND FLOORS : KITCHEN with fitted units. Interconnecting LOUNGE/DINING ROOM. STORE ROOM and OFFICE. BEDROOM 1 (double) with en suite. 3 INTERCONNECTING ROOMS and a BATHROOM. <br /> <br />LETTING ACCOMMODATION <br />GROUND & FIRST FLOOR : NINE EN SUITE LETTING ROOMS. All have been refurbished to the same standard with identical suites. There is a section of the private flat which previously provided three en suite letting rooms. These could be re-introduced to the business if required. <br /> <br />FREEHOLD £650,000 to include goodwill, fixtures and fittings. Stock at valuation in addition. <br /> <br />Or, alternatively <br /> <br />LEASEHOLD: £50,000 to include goodwill and fixtures and fittings. Stock at valuation in addition. <br /> <br />TERM: Three years <br />LANDLORD & TENANT ACT 1954: Inside Part II Landlord & Tenant Act 1954 <br />ASSIGNABILITY: Fully assignable subject to Landlord's consent <br />BOND: A bond equivalent to three months' rent in advance <br />RENT: £45,000 per annum, paid monthly in advance <br />RENT REVIEW: Subject to rent reviews every third year of the term <br />REPAIR LIABILITY: Full repairing and insuring agreement. <br />TIE: Free of all trade ties <br />INSURANCE: The Landlord will insure the building, the cost of which will be charged to the Tenant by way of an Insurance Rent <br />VAT: VAT will not be payable on the Premium and rental payments. <br /> <br />No direct approach to be made to the business; please direct all communications through Sidney Phillips. <br /> <br />Viewing strictly by appointment only.
