A Delightful 17th Century Free Of Tie Village Inn For Sale

Business description

A DELIGHTFUL 17TH CENTURY 'FREE OF TIE' VILLAGE INN LOCATED WITHIN THE AFFLUENT AND HIGHLY SOUGHT AFTER LOCATION OF SOUTHWICK, NORTHAMPTONSHIRE




A substantial and attractive 17th Century property situated in the sought after location of Southwick.
Traditional and characterful Main Lounge Bar (35), Dining Area (circa 12 covers).
Well equipped Commercial Catering Kitchen.
Impressive 3 bedroom owner's accommodation.
4 and a quarter years remaining on private 'Free of Tie' lease.
RENT ONLY £10,200.
Current sales circa £170,000 (incl.).
Trading on dramatically reduced hours.
60% wet and 40% food.
Enviable lifestyle for entrepreneurial partnership.


AN UNMISSABLE OPPORTUNITY TO ACQUIRE THIS 1st CLASS WELL ESTABLISHED BUSINESS AND HOME WITH A SOLID TRADING FOUNDATION SITUATED IN AN ENVIABLE LOCALE.


ASKING PRICE £85,000 LEASEHOLD TO INCLUDE FIXTURES & FITTINGS, GOODWILL EXCLUDING S.A.V.


LOCATION
This delightful traditional and highly desirable village inn is situated in the sought after location of Southwick, Oundle and is a well used and popular venue for local and commercial trade emanating from the surrounding and affluent catchment areas; and also having an excellent level of passing and repeat trade. This charming and characterful inn can be easily reached from junction 17 of the A1 (M). Being situated twixt Peterborough and Corby this delightful village inn attracts an abundance of trade from walkers and visitors coming from afar to this historic location. There are many other attractions in the surrounding towns including the Santa Pod International Raceway at Wellingborough, the Billing Aquadrome at Great Billing which has 235 acres of parkland and fishing lakes and Boughton House at Kettering with collections of fine art and 17th and 18th century French and English furniture.

THE PROPERTY

This fantastic inn is an attractive and impressive property situated in a prominent position. This substantial and traditional 2-storey property believed to date back to circa 1640 is of stone and brick construction under a pitched, thatched and slate roof.



The main entrance from the car park leads into the hallway with access into the Dining Area and W.C's.

Main Lounge Bar (35) is a good sized characterful and traditional room with a feature return bar servery with a polished counter and a mirrored back fitting having a range of trade optics which is complimented by a mix of loose polished tables, upholstered chairs and upholstered stools. This traditional lounge bar is a warm and inviting room with a wonderful ambience which is enhanced by the feature brick built open fireplace and the lovely exposed beamed ceiling. Access to the Dining Area.

Dining Area (circa 12 covers) being a bright and airy room with loose polished tables and upholstered chairs offers a lovely cosy and inviting ambience. Access to the W.C's.



Ladies and Gents W.C's.

Ground Floor Cellar with barrel delivery access, python, pumps, cooler and tilt racks.

Catering facilities include a well equipped commercial Kitchen with stainless steel appliances and preparation surfaces (appliances not tested). Access to the garage.

OWNER'S ACCOMMODATION

Situated on the ground floor and first floor, presented in excellent decorative order and briefly comprises: Ground Floor: kitchen - First Floor: 3 good sized bedrooms, lounge and bathroom.

EXTERNAL

Good sized lawned beer garden (circa half an acre) incorporating a children's play area. There is also a paved patio area with timber benches/seating. Patron's parking facilities with lined spaces for circa 20 cars. Designated Smoking Area.

There is a garage currently used for storage; but with the necessary planning permissions could be quite easily converted to provide a larger trade kitchen.

TRADING AND LICENSING

We are advised that the inn trades with the benefit of a Premises Licence (not seen) which permits the sale of alcohol during the hours of:

Monday - Saturday Midday - 11.00pm

Sunday Midday - 10.30pm

The current trading hours are as follows:

Monday - CLOSED

Tuesday 6.00pm - 10.00pm

Wed Midday - 2.00pm and 6.00pm - 10.00pm

Thurs - Sat Midday - 2.00pm and 6.00pm - 11.00pm

Sunday Midday - 10.00pm

NB Important: Prospective purchasers should ensure that they gain the NCPLH Qualification in readiness for their intended operation of licensed premises. Guy Simmonds hold this 1 Day NCPLH Course every 2 weeks. Please telephone us to reserve your place or browse the training section of this site.

GENERAL REMARKS

We are advised that the village has no mains gas supply and the inn uses electric central heating (no services seen or tested).

The business is offered for sale as a lease assignment with approximately 4 and a quarter years remaining of the original Private 'Free of Tie' full repairing and insuring, renewable agreement. Business rates payable are advised as currently being £1,572 per annum. Rent is currently ONLY £10,200 per annum reviewed in July 2008.

THE BUSINESS

Our vendor clients have successfully operated this delightful and traditional village inn as a husband and wife team on a full time and a part time basis respectively with the assistance of 1 part time member of staff. Due to ill health our vendor clients have reluctantly decided to sell this excellent business. This delightful inn is a successful and profitable business and already having a solid trading foundation still offers new enthusiastic owner operators immense potential to increase the sales by simply extending the trading hours. Trade split is currently 60% wet and 40% food. Current sales are circa £170,000 (incl.). In our opinion there is massive potential to increase the sales and would expect a new owner operator partnership to achieve a turnover in excess of £200,000.

The asking price reflects the location and quality of fixtures and fittings.

Accounting information will be made available to interested parties after viewing.

Property information

Property:

Leasehold