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   The Star Inn, Sussex. Leasehold Auction ID : 104239   
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The Star Inn, Sussex. Leasehold

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Current Bid -
Start Bid GBP 0,01 [ Convert ]
Quantity 1
# Bids 0
Location ME38TA, Kent
Country United Kingdom
Time Left Closed
Start Time 02 Jul. 2008 09:48:43
End Time 30 Jul. 2008 09:48:56
Status Closed
Winner(s) N/A
Seller Information
LPS (0)
Registered since 17 Apr. 2007
in United Kingdom
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Description
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The Star Inn
Sussex.
Leasehold.

Location: Attractive and large public house situated in the heart of the old town district of Easbourne, very much a community house set amidst densely populated and mainly private residential housing in this popular Sussex coastal resort, best accessed from the A27 / A22 Polegate roundabout heading to Eastbourne on the A2270, the Old town is signed on the outskirts of Eastbourne, premises are tucked away in the back narrow streets and a good point of reference is the Waitrose Supermarket as the premises are just off the Supermarket car park. Further referral to a town map may be of assistance

Trade areas: Corner entrance to Public bar with traditional furnishings as set over un-carpeted easily maintained floor area with raised stage set to the corner complete with modern flat screen TV and PA system, entertainment and quiz nights are a feature of this bar which is serviced by a fully equipped and integrated servery, access off public areas to Gents and Ladies WCs. Further front of premises access to cosy, large fully carpeted comfortable character Saloon bar with various lounge style settles, extension of the integrated servery, again fully equipped services the saloon bar area complete with two small utility rooms off the servery, further access off Saloon to Ladies / Gents WCs. Access off public bar servery to chilled beer cellar. Patio / Paved area to front which is part utilized as an external drinking area. The premises are fully alarmed and include a modern multi camera colour CCTV system. Gas fired central heating services the entire premises and all main services are connected. Premises do not currently offer food; we are however advised with some modification to the first floor this facility could be considered

Private Accommodation: The private accommodation is extensive and is part situated over two floors, the primary area, set over two floors consists of two bedrooms, lounge / dining area, kitchen, laundry room, office, bathroom / WC. Secondary first floor inter communicating area fairly described as a Managers flat consists of one single bedroom, lounge, kitchenette, bathroom / WC. Private parking at this venue is somewhat limited but with some modification to the external side yard / delivery area this facility could be introduced.

Trade: We are advised yearly takings including shared machine income profit are £191.880. Net of VAT with a combined GP of 55% GP. on these takings. Approx 15% barrelage discount applies to beer supplies. These premises are free of tie regarding the supply of wines, spirits, soft drinks and minerals. Accounts will be supplied to serious enquirers.

Tenure: 7 fully assignable years remain on an original Unique Pub Co full repairing and insuring lease with an option of a new full term nil premium lease with the landlords.

Rent: Rent: (Net) £18,720.00. Pa. (Yearly index linked). Rent reviews are five yearly and the next review is due in 2009 with further five yearly reviews thereafterafter.

Rates: We are advised the current net business rates payable are £5000.00.p.a.

Licence: : New Premises licence is in effect and a variation of the original permitted hours is in place with Friday and Saturday evenings extended (9am 0.30am) and Sunday to Thursday (9am- 23.30pm) we are advised additional permit for entertainment is attached to the premises licence.

Price: We are seeking serious offers near to £80.000.00 for the lease to include full trade inventory, plus stock and glassware at completion, additional funding will be required for some advance rent and legal fees.

Viewing: Discreet initial viewing of the public areas are requested, persons wishing to view the accommodation should make an appointment via the agency on 01634 254408 who at this stage will discuss the requirements of the landlords.




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The Star Inn, Sussex. Leasehold

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