MID WALES - 29 BED HOTEL & RESTAURANT
£ 35,000
Tenure
Leasehold
Description
Mid Wales Spa Town—29 bedroom hotel & restaurant
29 en suite letting bedrooms
Two separate flats
Two bars. Restaurant (86)
Gardens and car parking
Separate retail unit (let at £5,500 p.a)
T/O £600,000 p.a. net of VAT
FREEHOLD £695,000 to include goodwill, fixtures and fittings. Stock at valuation in addition.
No direct approach to be made to the business; please direct all communications through Sidney Phillips.
Viewing strictly by appointment only.
LEASEHOLD: to include goodwill, fixtures and fittings. Stock at valuation in addition.
TERM: 6 years
LANDLORD & TENANT ACT 1954: Inside Part II Landlord & Tenant Act 1954
ASSIGNABILITY: Fully assignable subject to Landlord’s consent
BOND: A bond equivalent to 3 month’s rent in advance
RENT: £40,000 per annum, paid monthly in advance
RENT REVIEW: Subject to rent reviews every third year of the term
REPAIR LIABILITY: Part repairing and insuring lease agreement. This is not a full repairing and insuring lease with the freeholder retaining responsibility for the structure of the building. The lessee will be responsible for internal maintenance, repair and decoration as well as the decorative condition of the exterior of the property.
TIE: Free of all trade ties
INSURANCE: The Landlord will insure the building, the cost of which will be charged to the Tenant by way of an Insurance Rent
VAT: VAT will not be payable on the Premium and rental payments.
29 en suite letting bedrooms
Two separate flats
Two bars. Restaurant (86)
Gardens and car parking
Separate retail unit (let at £5,500 p.a)
T/O £600,000 p.a. net of VAT
FREEHOLD £695,000 to include goodwill, fixtures and fittings. Stock at valuation in addition.
No direct approach to be made to the business; please direct all communications through Sidney Phillips.
Viewing strictly by appointment only.
LEASEHOLD: to include goodwill, fixtures and fittings. Stock at valuation in addition.
TERM: 6 years
LANDLORD & TENANT ACT 1954: Inside Part II Landlord & Tenant Act 1954
ASSIGNABILITY: Fully assignable subject to Landlord’s consent
BOND: A bond equivalent to 3 month’s rent in advance
RENT: £40,000 per annum, paid monthly in advance
RENT REVIEW: Subject to rent reviews every third year of the term
REPAIR LIABILITY: Part repairing and insuring lease agreement. This is not a full repairing and insuring lease with the freeholder retaining responsibility for the structure of the building. The lessee will be responsible for internal maintenance, repair and decoration as well as the decorative condition of the exterior of the property.
TIE: Free of all trade ties
INSURANCE: The Landlord will insure the building, the cost of which will be charged to the Tenant by way of an Insurance Rent
VAT: VAT will not be payable on the Premium and rental payments.
Country
Wales
County
Powys
Town
Llandrindod Wells
Address
Hampton Hotel, Temple Street
Post Code
LD1 5HS
Website URL
Reference Number
94496LH
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