Iconic Village Pub in Herefordshire with Accommodation and Steady Income for Sale
Hereford, Herefordshire
- Status
FOR SALE
- Date Submitted:
16/04/24
- Advert ID
609870
- Reference
87450 / Rightbiz
- Call Agent:
- Freehold: £1,100,000
- Turnover: Not Applicable
- Net Profit: Not Applicable
Key Features
- Open Plan Trading Area
- Fully Fitted
- Trade Gardens Available
- High Turnover
- With Car Park
- Attractive Business
- Close to Local Amenities
- Central Position in Affluent Village
Business Details
HEREFORDSHIRE ICONIC VILLAGE PUB, TWO RESIDENTIAL HOLIDAY PROPERTIES AND DEVELOPMENT SITE
For sale after 53 years in same owners hands
Public house, two residential holiday properties and development site.
Planning permission for five new properties.
Conveniently located within a short distance of Hereford City Centre.
Character Open Plan Beamed Bar
Skittle Alley
Four bedroom owners accommodation
Gardens and car parking (set in plot of half an acre )
T/O £154,000 from wet sales only with £48k pa net profit
Freehold offers over £1,100,000
A very rare opportunity to acquire a mixed residential and commercial development opportunity. The Cross Keys has been in private ownership for some considerable time and is only available as result of the impending retirement of the current Owner Occupiers.
The property comprises well established and popular public house with an excellent wet trade. In addition, there are two good sized residential holiday cottages providing rental income. To both side and rear, planning permission has been granted for the construction of five new dwellings, three detached and a pair of semi-detached.
The entire site extends to approximately 2.1 acres, including accommodation, land servicing the development site by way of a paddock.
This is a rare opportunity to provide redevelopment whilst retaining existing onsite income stream.
Cross Keys is situated some three miles north of the city of Hereford alongside the A465 from Hereford to Bromyard. It is a large semi-rural location with good local catchment and easy access to both open countryside and also the services provided by the City Centre.
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Listing Statistics
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Stay Safe
Do not pay any deposit to private sellers upfront. If you are looking to purchase a business, we advise that any deposits or transactions made are through a solicitor to prevent fraudulent activities from occuring.
Stay Safe
Don't share confidential information with any private sellers, including your home address, account passwords, bank accounts and credit card information.
Stay Safe
The vast majority of these scams involve the transfer of substantial sums of money. We advise all transactions made are through a solicitor to prevent fraudulent activities from occuring.
Stay Safe
Send a test amount before you consider handing over a large number of funds. Maybe even try transferring £1, and then speaking to your solicitor to confirm receipt.
Stay Safe
Do not disclose proof of funds directly to the sellers. If the sellers request you to show proof of funds, we advise that it is done through a solicitor to prevent fraudulent activities from occuring.
Stay Safe
Buying a business is not covered by consumer rights legislation. It is your responsibility to acquire a business that holds up in quality and agreement.
Stay Safe
Fraudsters will typically use false news in an attempt to get you to act quickly. For example, 'Your account has been disabled. Reset your password now.'.
Stay Safe
Review the performance of a business to make appropriate financial projections. Some businesses are dormant or not trading, so it is essential to check their short and long-term potential.
Stay Safe
Legitimate emails from Rightbiz will be with the domain @rightbiz.co.uk. However, emails from [email protected], [email protected] or [email protected] are not affiliated with Rightbiz.
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