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The
Jovial Foresters would in our opinion make an excellent
investment for any serious buyer. This well situated city
centre business is an established community style public
house forming part of the local circuit and benefits from
good repeat custom. Set in a locally famous period building,
the business is well placed in a prominent position on the
main high street and has recently undergone a refurbishment.
The
business is sold by way of an investment and there are
lessee’s insitu who have taken a secure 15 year free of tie
lease from 15 May 2008. This is on a full repair and insure
basis with 5 year reviews until expiry in 2023. The current
rent paid by the lessees is £22,000 per annum until review
in 2013, RPI linked. |