Leasehold traditional pub with caravan park in Lancaster

This property is marketed by:
Sidney Phillips

Key Features

• Beautiful village location
• Traditional public house
• Three trade areas (95)
• Caravan park/campsite 
• New seven year lease
• Currently closed

Description

Traditional village public house in stunning location. Available with new free of tie seven year lease.

Location

The Punch Bowl is located in the village of Lower Bentham which sits facing the River Wenning on the borders of Lancashire, Cumbria and North Yorkshire. It is nestled between two National Parks and a National Landscape: the Lake District, the Yorkshire Dales and the Forest of Bowland respectively. The area is popular with walkers, cyclists and tourists, and there are many holiday parks in the close vicinity. The village has a population of around 2,000 and comprises a mixture of farms and residences dating back to at least the Black Death, as on the road to High Bentham are plague stones which were used during that time as an alternative to markets. Lower Bentham lies off the A687 which links to Lancaster and the M6 to the west and Skipton to the east. The property has a campsite to the rear and is of local stone construction under a pitched slate roof.

Tenure

LEASEHOLD : £5,000 premium

TERM : Seven years

LANDLORD & TENANT ACT 1954 : Inside Part II of the Landlord & Tenant Act 1954

ASSIGNABILITY : The lease is fully assignable

DEPOSIT : £5,000 to be paid to the freeholder

RENT : To be stepped through the first three years as follows:

Year 1 : £18,000

Year 2 : £20,000

Year 3 : £22,000

Payable monthly in advance

RENT REVIEW : Subject to rent reviews every third year of the term

REPAIR LIABILITY : 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

INVENTORY : Freeholder will retain ownership of the Fixtures & Fittings

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