Help understanding pub leasehold

Discussion in 'Legal' started by zigojacko, Jan 14, 2019.

  1. zigojacko

    zigojacko I say it how it is Full Member - Verified Business

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    I am looking into potentially purchasing a pub leasehold.

    If the leasehold is £79,950 SAV, is that the price that has to be initially paid? If not, how does it work or how do I know what the initial costs would be?

    The premises are a free house and is free from any trading tie. The estimated stock valuation would be approx £5,000 - £6,000.

    As for the tenure, there is annual rent of £62,000.

    Thanks for any help in advance.
    Posted: Jan 14, 2019 By: zigojacko Member since: Dec 7, 2009