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4 bedroom pub for sale

NORTHANTS

1 sq. ft. | £40,000

Property Description

Key features

  • Historic village location close to Boughton House (National Trust).
  • 24 seat Restaurant & Dining Area.
  • Lounge Area with open log fire (circa 20).
  • Raised gallery area (circa 20).
  • Bar & Games Area (circa 12).
  • 4 bedroom owners accommodation.
  • P/P granted in 2010 to create 4 en-suite letting rooms by converting upstairs games room.
  • New 20 year Free of Tie lease - advised rent £40k.
  • Please contact Richard Fletcher of Guy Simmonds on 07527 718400 for further details or viewings.

Full description

Tenure: Leasehold

REF: 6644 LEASEHOLD



AN EXCELLENT OPPORTUNITY TO ACQUIRE A THRIVING ¿FREE OF TIE¿ BUSINESS WITH GENUINE FURTHER POTENTIAL IN AN HISTORIC VILLAGE LOCATION


LOCATION

This village Inn is located in the middle of sought after Geddington, Northants close to Boughton House & Estate. The house is of National Trust heritage & is home to the Dukes of Buccleuch & Queensberry. Geddington is an ancient lively and welcoming village with its thatched roofs and very busy social scene. The village once boasted several frequent royal visitors. It has the best preserved Eleanor Cross still in existence (one of 7 in the UK), a Saxon church, and a bridge over the river Ise dating back to 1250 which is still in use today. Residents and visitors have a wide range of activities and facilities. 3 pubs, a post office, a primary school and general stores coupled with sports teams, historic attractions and a volunteer fire brigade to name but a few. Only 4 miles away is the town of Kettering, which is home to Wicksteed Park. This is situated in 147 acres of landscaped English countryside and offers the elements of a country and theme park in one. Although situated in a village location Geddington is only approximately 5 miles from Rockingham race track, 18 miles from Northampton and has easy access to A14, M6, M1 & A1 motorways.

THE PROPERTY

This village inn is of stone & brick construction, with partial rendering, painted brickwork around the extension & under a pitched, slate roof. Occupying an excellent prominent position in the centre of the village directly opposite the historic Eleanor Cross attraction.

The trading area (with partial CCTV) has separate rooms with an open plan Lounge Bar (circa 20 plus standing) overlooked by the gallery area, where local artists show their works which are available for purchase. The lounge has a warm and relaxing atmosphere with a stone open log fire adorned by a 3 lions shield. The room is fully carpeted with 2 leather Chesterfield style armchairs and loose tables, wooden chairs and stools. The Gallery (circa 20 seats) has laminate style flooring and loose tables and chairs. The Restaurant Area will seat 24 comfortably with loose tables & chairs, carpet to the floor and a lovely bay window overlooking the Eleanor Cross. An old style Off Licence area where both food & drink takeaways can be collected leads into the Bar area (circa 12 seats) with 2 Chesterfield style settees, carpet and separate darts throw. This leads to ground floor Cellar with cask racking & tilts and additional storage. There is an open plan central bar servery of wooden construction with 8 cask ale hand pulls, bottle coolers and display. Ladies and Gents W.C.¿s. An upstairs Games Room has recently been granted Planning Permission (not seen) for this to be converted into 4 en-suite letting rooms.
There is a well equipped Kitchen area with walk- in fridge (appliances not tested) and separate wash up area.

OWNER¿S ACCOMMODATION

The owner¿s accommodation is situated on the 1st floor and briefly comprises: 4 bedrooms, large lounge, kitchenette (no cooking facilities) bathroom & storage room.

EXTERNAL

To the rear of the building is a small patio area / smoking solution with trellis surround and 4 benches. Car park (circa 25 spaces). Also to the rear of the property is a small wood store for log holding.

TRADING & LICENSING

We are advised that the business trades with the benefit of the Premises Licence (not seen) which permits the sale of alcohol during the hours of:
Mon- Thurs 12am to 12pm
Fri-Sat 12am to 12.30pm
Sunday 12am to 12.30pm

Current opening hours are:
Mon - Sat 12am to 3pm/5pm to 12pm
Sunday 12noon to 12pm

NB. Important. Prospective purchasers wishing to continue to operate the public house should ensure that they gain the APLH Qualification in readiness for their intended operation of the Public House.

GENERAL REMARKS

The business is offered for sale as a new highly favourable 20year Private FRI Lease Agreement.
1. Estimated ingoings will be £40,000.
2. The initial annual rent will be £40,000
3. Rent payable quarterly in advance.
4. Lease re-assignable after initial 2 year period.
5. Free of all brewery and supply ties.
6. Each party responsible for own legal costs relating to the transaction.

We are advised that at the end of the term, the Lease (not seen by Guy Simmonds) should be renewable with no further premium ¿ subject to the provision of the Landlord & Tenant Act 1954. We are advised that the inn benefits from mains services, oil heating & gas bottles for cooking facilities (no services seen or tested). Business rates payable are advised as currently being circa £11,000 per annum.

THE BUSINESS

The previous owners established a solid trading foundation for its customers with an excellent offering of food and cask ale sales. The business is at the centre of the local community with quizzes, sports teams, charity promotions and popular annual cask ale festival for the past 7 years.

There is no current trading or account information.


This business was viewed by Richard Fletcher who would be delighted to discuss further details and can be contacted on 07527 718400.

Viewing appointments must be made by contacting Guy Simmonds.

VIEWING: All appointments must be made through Guy Simmonds. Please note that these Sales Particulars are issued on the strict basis that all negotiations, viewings and contacts in connection with this business are conducted through Guy Simmonds who are appointed by the vendor to act under a Sole Selling Rights agreement with total confidentiality. Any breach of these terms may make you liable in law to litigation and damages. Under no circumstances must you approach the owner direct without a formal appointment or disclose to other customers and staff that the Premises are for sale.

FINANCE FOR PURCHASING A LICENSED PROPERTY: We are in constant touch with a leading finance broker who specialises in arranging Business Finance for Licensed Properties. Whether you are purchasing a Licensed Property through ourselves, or another agent, we will be pleased to contact on your behalf our specialist who can arrange the necessary Finance Package for you at preferential rates. Please telephone for free and no obligation advice with regards to financing a Business.

Guy Simmonds for themselves and for the vendors or lessors of this property and/or business whose agents they are give notice that:-
(I) These particulars are a general outline for the guidance of intending purchasers (or lessees) and do not constitute an offer or contract, nor any part of an offer or contract.
(II) All descriptions, dimensions (note; 1ft. = 0.348 m), distances, maps/plans, references to condition, trading figures and other items in these particulars are given as a guide and no responsibility is assumed by Guy Simmonds for the accuracy of individual items. Intending purchasers (or lessees) should not rely on them as statements of representations of fact and should satisfy themselves as to the correctness of each item by making independent enquiries. (III) Intending purchasers (or lessees) should make their own independent enquiries regarding the use of the property, necessary permissions for use and occupations, potential uses and any other matters affecting the property prior to purchase.
(IV) Guy Simmonds do not make or give whether in these particulars, during negotiations or otherwise, any representation or warranty in relation to this property. No responsibility is taken by Guy Simmonds for any error, omission or mis-statement in these particulars. Guy Simmonds do not warrant the accuracy of any accountancy information supplied and purchasers are advised to take independent advice in order to satisfy themselves.
(V) Guy Simmonds are unable to give any warranty as to the working order of any apparatus, equipment, fittings or services associated with the premises and therefore, cannot verify they are in full working order. Purchasers are strongly advised to obtain specialist reports prior to exchange of contracts in order to satisfy themselves.
(VI) All statements and descriptions are made without responsibility or warranty by Guy Simmonds, the vendors or lessees. Neither do Guy Simmonds nor the vendors/lessees hold ourselves responsible for any expenses whatsoever incurred by applicants inspecting Businesses which may be sold or withdrawn, to include travelling, valuation/survey, legal fees etc.
(VII) No person in the employment of Guy Simmonds has any authority to make or give any representation or warranty whatever in relation to this property.
(VIII) It should not be assumed that the contents of any photographs are included in the sale.


Map & Street View

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