3 bedroom pub for sale

NORTHAMPTONSHIRE

£165,000

Property Description

Full description

Tenure: Leasehold

REF: 7838 LEASEHOLD

STUNNING AND UNOPPOSED GRADE II LISTED 'FREE OF TIE' THATCHED INN WITH SELF-CONTAINED FUNCTION AND CONFERENCE CENTRE LOCATED IN THE EAST NORTHANTS CONSERVATION VILLAGE OF ASHTON


Opposite the beautiful village green in the estate owned conservation village of Ashton within only 2 miles of the historic bustling market town of Oundle.

Open Plan Dining Lounges (c70 covers) with exposed wooden ceiling beams, oak & flagstone floors and an attractive Yorkshire stone bar server top.

72 Cover self-contained Function and Conference centre with reception bar area & private entrances.

Enclosed grassed garden area : Flagstone Patio area.

Rooftop Garden/Patio with beautiful village views.

Fully equipped ground floor commercial kitchen.

Attractive 3 bedroom owners' accommodation.

Advised turnover circa 745,200 (incl. VAT) for year ending Oct 2015 (Oct 2016 forecast similar).

Trade split of: 57% Food ; 43% Wet sales.

Highly desirable privately owned totally 'Free of tie' renewable lease with a highly attractive rent.

A STUNNING & THRIVING UNOPPOSED 'FREE OF TIE' BUSINESS
IN A HIGHLY DESIRABLE LOCATION.


LOCATION
This business is located in the highly affluent picture-postcard East Northants village of Ashton surrounded by thatched properties and other affluent villages. This estate owned conservation village is set in an area of natural beauty and is a walker's paradise all year-round. The historic bustling market town of Oundle, which is encircled by the river Nene is less than 2 miles away and schools, shops and amenities are all close by. Nearby points of interest include the famous cathedral City of Peterborough and the thriving and bustling town of Corby (both only 12 miles away). The nearby motorway networks include the A1 and A14.

THE PROPERTY
This thriving Grade II listed inn is of stone built construction sitting under a pitched, thatched roof. The property occupies a prominent position directly opposite the beautiful leafy village green. Entrances to the front of the property provide access to the open plan trading area. These consist of:

Open Plan Dining areas (c70 covers) is set out through 3 lounges known as North, Central and South. Loose tables, chairs and wooden bench pews sit on areas of flagstone and solid oak flooring. Exposed wooden ceiling beams look down on a stone built fireplace with coal effect gas fire complimented by a beautiful turned green oak support pillar. There is also a well presented bar server with a Yorkshire stone bar top offering 3 cask ales, a coffee prep area and a discreet wall mounted HDTV.

Self-Contained Function and Conference Centre (c72 covers) is a fabulous multi-use room with private access to the front and side of the property. A welcoming air conditioned reception area with leather settees, tub chairs, a wooden bar server and areas of exposed stone walls set the tone. This leads directly through to the function/conference room. This is fully air conditioned and has loose tables and upholstered chairs all sitting on a solid oak floor able to be laid out as desired and to suit the occasion. Exposed wooden ceiling beams and exposed roof rafters are visible through the open ceiling design and add to the ambience and character of this room. Doors to the rear of the property lead out onto a lit private patio area with wooden picnic benches. From the patio is a staircase that leads up onto the rooftop garden area with loose tables and rattan chairs (30 covers) and fantastic views of the surrounding collection of stone built cottages and thatched roofs all set around the village green.

Ladies, Gents and Accessible W.C.'s.

There is a fully equipped commercial catering kitchen with stainless steel appliances and surfaces (appliances not tested), prep area and wash up. A walk in fridge and further storage areas are located in the private yard. There is a below ground floor Beer Cellar with python, pumps and remote etc.

OWNER'S ACCOMMODATION
The attractive owner's accommodation is situated on the 1st floor and briefly comprises of 3 bedrooms (2 double / 1 single), lounge, kitchen, bathroom and plant/drying room.

EXTERNAL
To the side of the property is an attractive enclosed grassed beer garden with wooden picnic benches (circa 30+) mature borders and stone built wall surround. To the front of the property is a flagstone patio area with loose tables and rattan chairs (circa 32+) all sitting under 2 large garden jumbrellas and looking directly across the licensed village green. This is a great place to sit and watch the world (and wandering peacocks) go by. Also to the front and rear is the patron's car park with spaces for circa 30 cars.

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 midnight

Current opening hours are:
Mon - Fri 11.30am to 3pm
Mon - Fri 6pm to 11pm
Sat / Sun 11.30 to midnight

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 13 years remaining
of the privately owned, full repairing and insuring, renewable agreement. We are advised that the inn is totally 'Free of Tie' on all products. We are informed that the attractive rent is currently 50,000 per annum (7.9% of net turnover) to be reviewed in 2020. 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 all mains services (no services seen or tested) and uses Calor gas for cooking and heating. Business rates payable are advised as currently being circa 12,000 per annum.

THE BUSINESS
The current owner purchased the business in 1997 and over the past 19 years has established a solid and profitable trading foundation offering locally sourced, home cooked food (on and off the premises) to a loyal, repeat and desirable clientele. The business is currently operated by the owner assisted by 6-full time and 8 part-time/casual members of staff. The business is at the centre of the local community and hosts many weddings, conferences, corporate events and parties throughout the year whilst offering a rotating menu and popular Sunday lunches in the main dining area. We are advised that accounts declare takings of circa 745,200 inclusive of VAT for year ending October 2015 (October 2016 forecast similar) on a trade split of 57% Food sales and 43% Wet sales. New owners could continue to operate the business using the same highly successful formula or introduce fresh ideas from their business plan. In our opinion this business would suit an operator(s) who have experience of working in a similar hospitality and catering environment.
Accounting information will be made available to interested parties after viewing.

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.


Nearest station

  • Corby (10.2 mi)
Distances are straight line measurements from centre of postcode

To view this property or request more details, contact:

Guy Simmonds, National Licensed Property Agents

Coppice Farm, Ashby Road Melbourne, DE73 8BJ

01332 448091 Local call rate

How much will it cost me to call the number displayed on the site?

Standard geographic charges from landlines and mobiles apply and calls may be included in your telecom provider's call package.

Map & Street View

Nearest station

  • Corby (10.2 mi)
Distances are straight line measurements from centre of postcode

To view this property or request more details, contact:

Guy Simmonds, National Licensed Property Agents

Coppice Farm, Ashby Road Melbourne, DE73 8BJ

01332 448091 Local call rate

How much will it cost me to call the number displayed on the site?

Standard geographic charges from landlines and mobiles apply and calls may be included in your telecom provider's call package.

Disclaimer - Property reference 7838. The information displayed about this property comprises a property advertisement. Rightmove.co.uk makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and Rightmove has no control over the content. This property advertisement does not constitute property particulars. The information is provided and maintained by Guy Simmonds, National Licensed Property Agents. Please contact the selling agent or developer directly to obtain any information which may be available under the terms of The Energy Performance of Buildings (Certificates and Inspections) (England and Wales) Regulations 2007 or the Home Report if in relation to a residential property in Scotland.

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