Post Code: BB4 9EH
The Boars Head, Newchurch, Rossendale, Lancashire, BB4 9EH
• Secured Investment let until October 2015
• Available for £200,000 reflecting a net initial yield of 9.48%
• Upward only rent review in October 2013
• Total net area 4,335 sq ft over 4 floors
The property is located in the historic village of Newchurch in Rossendale and is one of the only two pubs located in the village. The Boars head is located just outside Rawtenstall town centre and is therefore only minutes from the major supermarkets in Rossendale including Tesco and Asda.
The village is linked via the M66/A56 and M65 to Manchester, Blackburn and Burnley, with the nearest major city of Manchester 20 miles directly south.
DESCRIPTION AND ACCOMMODATION
The property was built as a pub in 1674 and is therefore one of the oldest surviving buildings in the area. The property comprises a substantial three storey mid terraced public house constructed of stone under a recently re-roofed pitched concrete tiled roof. To the rear there is a three storey out-rigger of similar construction as well as further single storey out-rigger of coursed stone and brickwork elevations under a pitched slated roof.
Externally, the property includes a substantial flagged beer garden at the rear of the property which boasts views over the Rossendale valley and St Nicholas Church. Internally the property provides, to the lower ground floor, vaulted beer cellar with barrel drop from rear of property as well as further store. The ground floor of the property provides large bar and lounge area with central bar and perimeter seating, commercial kitchen, male and female WC’s. The first floor provides two bedrooms, lounge, office, WC, bathroom and kitchen, with second floor being open plan and cleared.
Lower Ground Floor
Beer Cellar 32.97 sqm (355 sqft)
Storage Cellar 11.61 sqm (125 sqft)
Bar – 93.73 sqm (1,009 sqft)
Store – 4.27 sqm (46 sqft)
Female WC’s – 9.38 sqm (101 sqft)
Male WC’s – 8.54 sqm (92 sqft)
First Floor – 124.02 sqm (1,335 sqft)
Second Floor – 104.88 sqm (1,129 sqft)
Net internal area – 402.72 sqm (4,335 sqft)
The property is let to Mr. Shaun Ashworth on a 5 year lease from the 1st October 2010 at an initial rent of £19,500. The lease is on full repairing and insuring terms and subject to review upon the 3rd anniversary. A copy of the lease is available on request.