Red Lion, Shepshed

Freehold for Sale

Price: Offers in the Region of £250,000 Ex VAT Excluding VAT

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Freehold public house in centre of popular Leicestershire town

Key Points

  • n/a - (n/a)
  • Freehold Pub situated in popular Leicestershire town
  • Town Centre location
  • Spacious domestic accommodation situated over the 1st floor
  • Rear Beer garden
  • Free of Tie Leasehold option available

Location

The Red Lion is situated on the Market Place in the centre of the Leicestershire town of Shepshed. The town lies within the borough of Charnwood local authority, where Shepshed is the second biggest settlement after Loughborough. Shepshed enjoys good communication links being located adjacent to junction 23 of the M1 motorway. The closest railway station is Loughborough railway station and East Midlands Airport is less than 5 miles away. As at the 2011 census, Shepshed had a population of 13,505.

Property

The Red Lion is a two storey, traditionally built property of painted, rendered elevations beneath a pitched tiled roof. The accommodation briefly comprises a side entrance porch leading to the open plan Bar area, with timber bar servery, tiled floor, perimeter and freestanding seating, darts throw and pool area.  A corridor provides access to the fully tiled Ladies, Gents and Disabled W.C.s and door to the rear garden.

The pubs ancillary areas include a catering kitchen and ground floor beer cellar. 

The spacious domestic accommodation is located over the first floor, can be accessed either via a private door or through the bar area, and briefly comprises - 4 large double bedrooms, spacious Lounge-Diner, Kitchen, bathroom, with boiler room off, and 2nd bathroom with shower unit. 

To the exterior, the pub has a rear yard with a variety of seating for approximately 20, a covered shelter and 2 brick built storage sheds. The pub also has off-road parking for one vehicle, accessed off Hall Croft. 

Utilities

We are advised that all mains services are connected to the property.

Planning

We are advised that the property is neither Listed nor situated in a Conservartion Area. Prospective purchasers are advised to make their own enquiries to Charnwood Borough Council.

Trading Figures & Turnover

Our client is not in occupation and therefore no trading information or accounts are available. The pub has traded successfully for several years under a lease model. The pub currently has a 100% wet trade and has a good local following and support with its own pool and darts teams, as well as showing Sky & BT Sports, hosting quiz nights, karaoke and live bands. 

Tenure

Offers in the region of £250,000 (plus VAT) are requested for the unencumbered freehold interest. Alternatively, all offers are invited for a new Free of Tie commercial lease.  The new lease will be on a Fully Repairing and Insuring basis with 5 yearly upward only reviews and annual RPI increases. 

Rates & Charges

Business Rates
£9,756.00 per annum (based on a Rateable Value of £20,325)
Council Tax
Available on enquiry

13 Market Place
Shepshed
Leicestershire
LE12 9RT