Leisure and hospitality specialist Sidney Phillips is proud to announce instructions to market for sale or lease The Grandison, near Hertford.
The Grandison is situated in the affluent Hertfordshire village of Bramfield, nestled in London's Green Belt, a highly sought after area of the Home Counties due to its superb transport links into the city of London.
The property is a notable two-storey public house that has been superbly invested in in recent years, including an extensive refurbishment throughout. Immaculately presented, it offers a spacious bar area, restaurant, front and rear outside trade spaces and a large trade kitchen. In total, it is capable of catering for 48 internal covers and 60 to 80 externally.
The Grandison has been a family-owned asset for approximately 16 years, and until recently has been let third party operators. Since bringing the business back under the ownership of the freeholder, the business has become well-known for its warm and welcoming atmosphere, supported by its modern British food offering. The business enjoys local custom as well as destination diners from the numerous surrounding affluent towns and villages, which is evidenced by its strong turnover.
It is our understanding that weekly gross turnover stands in the region of £10,000 to £12,000. Further accounting details can be made available following a formal viewing.
The freehold interest of the Grandison is available to purchase off an asking price of OIEO £780,000. Alternatively, there is the option to lease the property on a new free-of-tie lease agreement, with favourable and negotiable terms.
For further information about this pub for sale please call Sidney Phillips on 01982 725900, or email southeast@sidneyphillips.co.uk.
(August 2024)