LEASE ONLY, Watchmakers,, 22 Warwick Street, Earlsdon, Coventry, CV5 6ET

Guide Price: £150,000 - £200,000
Auction Tuesday 6th Jun 2017 5:30pm
Village Urban Resort Hotel
Dolomite Avenue, Canley, Coventry CV4 9GZ

Description

  • Pub


Unique opportunity - Unexpired lease (subject to Assignment), of a local public house in the heart of Earlsdon. Being Free of Tie and having 4 bars over 2 floors plus decked patio area. Considerable potential for increasing business levels, with private function bookings already confirmed for 2017. Well presented property with dual access from both Earlsdon High Street and Warwick Street.



LOCATION

The frontage to the property is on Warwick Street, with the benefit of access also from the popular and busy Earlsdon High Street. Earlsdon itself is a thriving local community with many high quality shops, bars, restaurants and cafes.



ACCOMMODATION

GROUND FLOOR
Main bar
Snug bar
Kitchen
Conservatory bar
Decked patio / garden area
Ladies and Gents W.C.

FIRST FLOOR
Function room with bar
Ladies and Gents W.C.
Managers office
Store



TENURE

The lease and goodwill of the business is being sold by assignment. The current lease was granted for 30 years (from February 2002) and has 14 and a half years remaining. The current rent payable to the Freeholder is £69,000 p.a. + VAT. For further information regarding the Lease please see the Legal Pack.



LEASE ASSIGNMENT - IMPORTANT

The sale is on a conditional basis as the lease provides for the Landlord's consent to the assignment of the lease, subject to various circumstances and conditions. See the Legal Pack for further information.



BUSINESS AND GOODWILL

The fixtures and fittings to be included are contained within the Legal Pack, and predominantly include; furniture, decorations, bar equipment, kitchen and refrigeration appliances, and stock.



REGISTER TO BID

Bidders will be required to pre-register, prior to the auction. Please contact the Auction Team for further information.



Key Facts

LEASE ONLY Unexpired lease (subject to assignment) FREE OF TIE 4 bars over 2 floors plus patio area Well presented with dual access
;