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6 bedroom pub for sale

NORTHAMPTONSHIRE

£49,950

Property Description

Full description

Tenure: Leasehold

REF:7821 LEASEHOLD



TRADITIONAL CHARACTER 'FREE OF TIE' INN WITH 3 EN-SUITE LETTING ROOMS LOCATED WITHIN THE BEAUTIFUL AWARD WINNING SOUTH NORTHANTS VILLAGE OF HELMDON ON THE OXFORDSHIRE BORDER


Beautiful picture-postcard award winning village sitting on the Northants/Oxfordshire border close to Banbury, Warwick, Sulgrave Manor and Silverstone.

Small Bar (circa 16) with exposed stone walls.

Large Bar/Dining (circa 28 covers) with exposed wooden beams, stone walls & flagstone and oak floor.

Games Room / Butchers with prep room.

3 quality En-suite Letting rooms in a standalone stone built chalet/cottage block.

3 Bedroom owner's living accommodation.

Spacious flagstone courtyard area : Grassed garden with elevated decked Al Fresco area.

Advised annualised turnover to Aug 2016 was circa £180,000 (incl. VAT) with trade split of 60% Wet sales : 27% Accommodation : 13% Food sales. Achieved trading on reduced hours through lifestyle choice and other business commitments.

Desirable totally Free of Tie renewable lease.

£Nil Business Rate


A FABULOUS OPPORTUNITY TO ACQUIRE A FREE OF TIE LEASE OFFERING FURTHER UN-TAPPED POTENTIAL

LOCATION

The business is located in the highly affluent south Northants village of Helmdon that sits directly on the Oxfordshire border. Helmdon is an award winning village set in an area of natural beauty and has won 'Best in Northants' on several occasions. The village itself has a highly commended Primary school, a nursery, a church and village hall/reading room. The local area is growing at a fast pace & there are currently around 1200 houses being built and nearing completion within a 2-mile radius. Local attractions include Sulgrave Manor, Canons Ashby & Silverstone Racing Circuit. Other nearby points of interest include Banbury (11 miles), Towcester (12 miles) and Brackley (4 miles). The local motorway networks are excellent & the M40, M1, M45, A5 and A43 are within easy reach.

THE PROPERTY

This highly attractive traditional inn is of stone built construction, sitting under a pitched, tiled roof and occupying a prominent position in the centre of the village. Entrances to the front and side of the property provide access to all the trading areas.

Small Bar (circa 16 plus standing) is a cosy area with loose tables and chairs sitting directly on a solid oak floor. An exposed central wooden ceiling beam is complimented by an area of exposed stone walling to the rear of the bar area. The room also has a small bar server of wood construction and a discreetly wall mounted HDTV.

Large Bar / Dining (28 covers) is a lovely room full of character and charm with loose tables, chairs and minimal wooden perimeter bench seating. Exposed wooden beams and areas of stone walling are complimented by oak, flagstone and original block paved flooring adding to the ambience of this room. There is a well presented bar server of wood construction, an AWP and a discreetly positioned darts throw that is only used when there are no diners present.

Games Room (circa 12 plus standing) has 2 leather settees and a pool table sitting on a ceramic tiled floor with exposed stone walling to one end. This room has previously been used as a secondary dining area and village shop. This could easily be converted back if so desired. The room has its own entrance and there is a butchers' prep room and walk in chiller unit directly across the courtyard.

Ladies/Gents W.C. / Ground Floor Beer Cellar.

Commercial catering kitchen with double pizza oven and stainless steel appliances and work surfaces (appliances not tested).

OWNER'S ACCOMMODATION

The owner's accommodation is situated on the first floor and briefly consists of: 3 Bedrooms (2 double/1 single), bathroom, separate WC and lounge with an exposed stone built Inglenook fireplace and built in duel fuel burner.

LETTING ACCOMMODATION

Situated to the side of the property in a stone built chalet/cottage block are 3 quality well presented en-suite letting rooms (2 Twin/1 Double). All are accessible friendly with walk in wet rooms, HDTV, microwave, fridge & toaster.

EXTERNAL

To the front of the property is a small grassed garden area with an elevated decked Al Fresco drinking/dining area. To the side of the property is a spacious flagstone courtyard able to be enjoyed in the summer months. Also to the side is the patron's gravel car park with spaces for circa 7 cars with parking also available throughout the village. There is a laundry room and a currently un-used Butcher's preparation room with all the necessary blocks and facilities.

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 - Sun 10am to 11pm
Current opening hours are:
Mon - Fri 6pm to 11pm
Saturday 6pm to 11pm
Sunday 12noon to 4pm
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 lease assignment with approximately just over 9 years remaining of the privately owned, full repairing and insuring, renewable agreement. We are advised that the inn is totally 'Free of Tie'. We are informed that the rent is currently £32,000 per annum to be reviewed in 2019 (RPI). 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 Calor gas for cooking and oil fired heating for the letting rooms (services not tested). Business rates payable are advised as being circa £NIL per annum.

THE BUSINESS

The current owner purchased the business in January 2016 and has since established a solid trading foundation with a loyal, repeat and desirable clientele. The business is currently operated by the owner assisted by 2-part time staff. Sitting at the centre of the local community the inn offers regular karaoke, live entertainment, cocktail, quiz and pizza nights whilst also arranging and hosting wedding and birthday parties. Our vendor client is reluctantly selling the business on due to other growing business commitments away from the area and not having time to dedicate 100% to the business. We are advised that annualised turnover is circa £180,000 inclusive of VAT to end August 2016 with a trade split of 60% Wet : 27% Accommodation : 13% Dry sales. This has been achieved on reduced opening hours purely through lifestyle choice and other business commitments. New operators could explore the obvious potential and opportunity of driving and marketing the letting accommodation even further, providing more food, extending the opening hours or re-developing the village shop/butchers for example. In our opinion this business would suit an enthusiastic operator(s) who have experience of working in a similar environment. For further information please see www.thebellhelmdon.co.uk

There is no accounting information available. 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, 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.
(IX) All prices quoted are excluding stock at valuation.


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