The Bear Inn

Beschreibung

Christie & Co, acting on behalf of James Liddiment and Paul Greenhalgh of Kroll Advisory Ltd c/o Honeylark Ltd to sell The Bear, Weston-super-Mare The Bear is a prominent and attractive building of brick construction with later single-story extensions to the rear of the property. Currently trading as a ground floor public house and with 23 letting rooms arranged over the ground and first floors. The investment is being sold, currently producing £62,400 per annum. The current business is unaffected. Website: https://www.thebearinnweston.co.uk/

Lage

The Bear occupies a prominent comer position fronting onto Walliscote Road close to Weston-super-Mare town centre and the sea front. Weston-super-Mare is a renowned seaside resort offering a wide range of attractions making it a popular destination for tourists and has become an all year-round destination as the town has grown considerably over recent years with a population of over 25,000. It is within four miles of Junction 21 of the M5 motorway, whilst the city of Bristol is within 19 miles. Additionally, the town benefits from mainline railway connections.

Innenräume

The property briefly comprises a ground floor bar area, pool room, skittle alley, kitchen, stores, WC's and four en-suite bedrooms. Arranged over the first floor are 19 en-suite bedrooms. Total Approximate Gross Internal Area 9,289 sq ft (863 sq m).

Best & Final Bids

We are seeking freehold offers, subject to contract on Friday 14 April 2023. We request that all offers are submitted in writing by e-mail and received no later than 12.00 (midday) on this date. Your offer should include the following detailed information: 1. Your best offer, subject to contract for the property. 2. A summary of any conditions attached to your offer. 3. Full written confirmation of the debt profile of your offer and the debt provider (if applicable). 4. Clear evidence of your cash funds, if the offer does not involve third party funding. 5. A summary of your due diligence to date and/or a list of due diligence to be undertaken to reach a point to exchange of contracts. 6. The proposed timetable for an unconditional exchange of contracts and preferred completion date. 7. Full details of your professional team including legal, financial and property advisors. The seller reserves the right, at its sole discretion, at any time, to modify the procedures outlined above, to reject any proposals and to terminate any negotiations and discussions for any reason. It should be noted that our client is under no obligation to accept the highest offer or indeed any offer submitted.

Außenbereich

Rear parking for 10 vehicles

Öffnungszeiten

13:00pm - 11:30pm Monday - Thursday 12:00pm - 12:00am Friday - Saturday 12:00pm - 11:00pm Sunday

Investitionsübersicht

The property is let to an individual on a 10-year lease form 14 March 2018 with three yearly rent reviews and an annual rent of £62,400 per annum.

Grundsteuer

The rateable value is £15,750 from April 2023.