Commercial Property
Alcester is an attractive market town, situated at the junction of the River Alne and River Arrow in Warwickshire. It lies approximately 8 miles west of Stratford upon Avon and 8 miles south of Redditch, close to the Worcestershire border.
The Cross Keys is located on the northern side of Stratford Road, at its junction with Gashouse Lane and is just a short walk from the main Town Centre and High Street. Within the vicinity, there is a mix of character residential properties, together with commercial and professional users.
On Behalf of The Joint LPA Receivers
The property comprises an attractive two storey end terraced public house of brick part rendered construction, surmounted by a pitched tiled roof.
There is an entrance leading to the main bar area, with a small snug area with open fire to the left hand side and a further bar with pool area and darts throw to the right hand side. There is a central timber servery to all trading areas. Off the snug, is a store room leading to a rear kitchen, off which there are stairs to the first floor. The living accommodation briefly comprises three double bedrooms and small box room, bathroom comprising bath, wash hand basin and shower and separate WC. Outside there is a brick built store/utility, enclosed yard providing a smoking solution, ladies and gents WCs and ground level chilled beer cellar.
Commercial Investment
An Attractive Freehold Town Centre Public House Investment
Current Rent Passing: £21,500 pa.
The property is let to DM Leisure Ltd trading as The Cross Keys Inn for a term of 6 years with effect from the 1st July 2013 at a passing rent of £21,500 per annum.
A copy of the Lease will be available for inspection within the legal pack.
We understand that the property is Freehold and is being sold subject to the existing tenancy.
We understand that VAT will be chargeable upon this transaction.
Strictly by arrangement with the Auctioneers. Please contact Ian Tudor on 0121 237 4850.
