Brewers Fayre - Willen Dragon, V10 Brickhill Street, Willen Lake, Milton Keynes, MK15 0DS

The Willen Dragon is a substantial modern lakeside pub restaurant designed to maximise its unique waterfront setting. The property offers extensive internal and external trading accommodation, combining a contemporary food-led operation with an attractive bar and family dining environment.

The business benefits from direct views across Willen Lake and has established itself as a highly popular destination for local residents, tourists, walkers, cyclists and visitors using the lake's extensive leisure amenities. The combination of strong food credentials and a prominent leisure location provides a broad and diverse customer base throughout the year.

The Willen Dragon occupies an exceptional waterfront position on the southern shore of Willen Lake, one of Milton Keynes' most popular leisure and recreation destinations. The lake attracts significant visitor numbers throughout the year and offers a wide range of attractions including watersports, walking and cycling routes, outdoor events, family attractions and open parkland. The property also benefits from close proximity to Gulliver's Land Theme Park and Milton Keynes city centre.

Situated adjacent to a 120 bedroom Premier Inn hotel, the site enjoys a regular flow of overnight guests in addition to the substantial local and tourist trade generated by the lake and surrounding leisure facilities. The strategic location provides an attractive mix of destination dining, family trade and year-round visitor custom.

The trading accommodation comprises a well-presented bar area providing approximately 70 covers together with a spacious restaurant accommodating around 100 covers. The layout has been designed to cater for a variety of customer occasions, from casual drinks and family dining through to larger group bookings.

A particular feature of the property is the open kitchen situated adjacent to the restaurant, creating an engaging customer experience while facilitating efficient service. Supporting the customer areas is an extensive back-of-house operation including a large food preparation area, dedicated wash-up facilities, walk-in refrigeration, staff facilities, office accommodation and ample storage throughout. The overall configuration is ideally suited to high-volume food-led trading.

The trade fixtures and fittings are included in the purchase price. Certain items bearing corporate identity, brand name, third-party owned or on the excluded list (see “Terms of Disposal” document) may be removed from the property prior to, or shortly after, completion.

T&C’s Link
Click Here for Terms and Conditions

Boundary Plans
• Restaurant Only Disposal - the plans edged in red are a guide to Whitbread’s property’s ownership, the boundary edged in blue is the demise that will transfer as part of the Freehold, Long Leasehold or shorter leasehold transactions.
• Whole Site Disposal – the plans edged in red are a guide to the property’s boundary only. Please seek your own legal advice in respect to the ownership plan.
• Stacked Sites – where the restaurant sits directly below the hotel, the access from the Hotel reception will be closed off, with access directed through the main restaurant entrance.

Service Charge (excluding Whole Sites) The buyer will be expected to pay a service charge, to cover common areas and grounds maintenance and repairs on a proportional basis.

VAT - will be calculated if the property has living accommodation at 90% or 100% if not and will be added to the purchase price. If the transaction is deemed to be a Transfer of a Going Concern (TOGC), VAT will not be payable.

Externally, the property is a standout feature of the Willen Lake leisure destination, benefiting from extensive outside trading areas with seating for approximately 220 customers. The large terrace and garden areas enjoy attractive views across the lake and provide a significant draw during warmer months.

The property also benefits from substantial shared customer parking with the adjacent Premier Inn, ensuring excellent accessibility for both local customers and visitors. The highly visible lakeside setting creates a unique trading environment that distinguishes the business from competing operators within the wider Milton Keynes market.

There is no owner's accommodation included within the property.

The Willen Dragon presents a rare opportunity to acquire a substantial destination pub restaurant in one of Milton Keynes' premier leisure locations.

The property benefits from multiple revenue streams generated by local residents, visitors to Willen Lake, tourists, family groups, hotel guests and users of the surrounding leisure attractions. The adjacent Premier Inn provides an additional source of regular trade, whilst the popularity of Willen Lake continues to drive strong footfall throughout the year.

The sale is subject to TUPE - Transfer of Undertaking (Protection of Employment), all staff will transfer with the business on completion. Anonymised schedules will be available in the data room for review by qualified parties only.

Trading information is available exclusively to qualified buyers via a secure data room. Access is subject to the execution of a signed Non-Disclosure Agreement (NDA). For further details, please contact the appointed agent.

The property is available by way of an assignment of the existing lease, which was granted for a term of 25 years from 28 July 2022 and has approximately 21 years remaining unexpired.

The lease is subject to five-yearly CPI-linked rent reviews on the 5th, 10th, 15th and 20th anniversaries of the term commencement date, with annual increases capped at 4% per annum.

Offers are being sought for the premium and rental figure.

The property benefits from a Premises Licence. Any prospective purchaser will be required to hold a Personal Licence and to apply, at their own expense, for the transfer of the Premises Licence (subject to approval by the licensing authority).