LOUNGE-BAR/BISTRO AND LODGE WITH 11 QUALITY LETTING ROOMS

PriceTenureReferenceLocationPosting date
£1,150,000.00 Freehold 8047F Leicestershire 11-02-2018
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  • Located in a designated conservation area in the beautiful county of Rutland within easy reach of Uppingham, Oakham, Stamford and Rutland water attracting circa 1.75 million visitors annually.
  • Open Plan Lounge-Bar/Bistro/Restaurant (circa 110+ covers) with exposed beams, exposed stone & brick, and 2 attractive roaring log burners.
  • Folding concertina doors to the front lead to the spacious Al Fresco patio area with breath taking views : Side Patio with further countryside views.
  • 9 top quality en-suite letting rooms (inc 2 x studios).
  • 2 spacious 2-bedroom ‘holiday let’ studio apartments.
  • Fully equipped ‘open plan’ commercial catering kitchen with traditional Italian wood fired pizza oven.
  • 2 Spacious Double Bedroom owner’s accommodation.
CURRENTLY LET TO TENANTS AT £80,000 ANNUAL RENTAL FOR LOUNGE-BAR/BISTRO INCREASING TO £110,000 COMBINED (WHEN LETTING LODGE INCLUDED ON A SEPARATE LEASE AGREEMENT – ‘OPTIONAL’) WITH INFLATION LINKED REVIEWS FOR 10 YEARS OF THE INTERNAL REPAIRING & INSURING LEASE TERM. ATTRACTIVE ANNUAL RETURN FOR INVESTOR OF CIRCA 10%

ASKING PRICE £1.15M FREEHOLD INVESTMENT PREMISES

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