Hotel & Leisure Property For Sale OLDHAM,, LANCS, OL4 6HQ

AN “EVERYDAY LOCAL” RARE FREEHOLD FREEHOUSE LOCATED IN THE LARGE VIBRANT LANCASHIRE TOWN OF OLDHAM ON MAIN ROAD INTO THE CENTRE

EASY TO RUN LOCALS PUB OFFERED AT £199,000 FREEHOLD TO INCLUDE FIXTURES AND FITTINGS GOOD WILL + S.A.V.
Trading at £110,000 inc vat 100% Wet + Healthy machine income – Food potential – retirement sale same owners 11 years
Games – public bar (38+ standing) – Lounge & Conservatory (60+ standing)
Rear courtyard & smokers solution (60+)
Steady regulars custom base with broad age range
Comfortable 3 bed roomed family accommodation
Only competition “tied” leased pubs – great trading advantage


The property is adjoined at one side and is of rendered brick construction under pitched roofs with a classic Victorian frontage to the busy main road. Enter the main trade areas, The Games Bar (38+) has a pool table and well played amusement machines, hard floor surface and a mix of fixed and loose seating. CENTRAL BAR SERVERY is a “masterpiece”, of highly polished wood construction with thick bar counter and excellent backfittings and a glazed gantry above. High stools sit to the bar. LOUNGE BAR & CONSERVATORY (60+) has a fitted carpet and fixed seating with stools and bar tables. A relaxed place to enjoy fellow locals or with your partner. This leads out to the Patio area. TOILETS, ladies and gents to a good standard. CATERING KITCHEN is fully fitted and “ready to go”. BEER CELLAR is chilled. This pub does precisely “what it says on the tin” and is a popular “every day local” enjoyed by many.

OWNERS ACCOMMODATION

Owners family accommodation comprises of 3 bedrooms, lounge, bathroom and kitchen

EXTERNALS

The patio which is accessed from the conservatory holds circa 50+ and doubles as a smokers solution, screened from the main road it provides privacy and security to guests. A range of outbuildings are available for further development.

PREMISES LICENSES

The Premises License allows for the retail of alcohol all week 10.00hrs through till 02.00hrs all week. Actual trading hours are 12 noon till 23.00hrs Sunday – Thursday with late closing Friday & Saturday .A personal license will be required and our training associate can assist with this and other trade related training.

TENURE

We are instructed to offer the business as totally freehold. Our client may consider a sale & leaseback (subject to conditions but is not conditional within sale).

SERVICES

We are advised that the business has mains electric, water, gas, sewage connected. Business rates payable are an affordable £3000 pa.

THE BUSINESS

Our clients have enjoyed there 11 years of owning the business, firstly as a tenant then the last 9 years as the freeholder. The business is run by the lady of the house with her partner having a further job out of the business. Sales have run around the same £110,000 inc vat for several years, 100% Wet driven, plus good machine income from the AWP, Pool table and Juke Box. Food is an obvious addition, something our client has not pursued due to running the business without her partner, however with a traditional Husband and Wife team it would make sense to grasp the opportunity and introduce food which would obviously spin off into additional wet sales. This is one of the few remaining freehold freehouses in the locale with most of its competition coming from “tied” pubco operations. Our client has a trading loan from a local brewery and therefore does not enjoy the full benefit of being free of tie and its high levels of discounts which would give the pub a highly competitive edge. The brewery loan will be paid off upon sales completion allowing a new owner to enjoy this advantage.

WHY PAY A RENT WHEN A MORTGAGE COULD BE CHEAPER TO FUND, STEP UP AND ENJOY THE ADVANTAGE !!!