A Real Freehouse Pub In Historic Market Town For Sale

Business description

Property details

Possibly 600 years of history passing through the doors of this quite unique buckingham freehouse tavern which is refreshingly like stepping back in time


> strong trading foundation of £235,000 inc vat 100 % wet driven – huge free-trade discounts and “retro’s” (absent landlord)
> un-spoilt traditional beamed bar (40+) separate games room(20+)
> rear patio come smokers solution (30+)
> well patronised by locals and tourists looking for a “little something different”
> owners 3/4 bedroomed accommodation
> fully renewable protected free of tie lease of 20 years


Offered after 8 years with the same owner at a “price to sell” asking price of £35,000.00 assignment of 20 year lease completely free of all ties, to include fixtures and fittings, goodwill plus s.a.v.


Location (mk18 1el)
Located to the heart of the thriving historic market town of buckingham which can be traced to times before the domesday book of 1086 with records going back to times when it was an early saxon settlement the town which until the 1800s was the county town of the shire was awarded its market charter by queen mary in 1554, there is still a thriving market twice a week and a monthly farmers market drawing custom from all over the home counties to this very pleasant locale. This archetypical english market town has a population of circa 12,000 soles living within a timeless environment with narrow streets and fine georgian architecture. The town is at a crossing of 3 main roads, a413, a421 a422 and close to motorways connecting to the west midlands to the north and the city of london to the south. Today’s economy for the town comes in the main from high-tech commercial parks with pharmaceutical, electronic and e-commerce. The university of buckingham is the only private university within the uk and attracts students from all over the world. The old tavern has a long frontage to bridge street with a large modern development under construction to the rear of it.


Property description
A unique pub in a unique ancient home counties market town, the property can trace its history back over 600 years. Some would describe the tavern as “a real pub for real people” and they would not be mistaken. The building is set amongst a row of terraces and mainly of brick and lime stone construction under a pitched roof. As soon as you enter from bridge street, however i preferred the entrance from the rear, you will be forgiven if you think that time has stood still and that the great war of 1914 was yet to be fought. The main bar (40+) is a wealth of exposed ships ceiling and standing beams with a stripped timber floor set with assorted half captain chairs and stick backs to distressed bar tables. Games room (20+) has a pool table and darts. Large flat screen tv’s provides further entertainment in both rooms which is serviced by way of a central bar servery. Beer cellar set deep and cool. Facilities inc ladies and gents with internal access.

Owners accommodation
A flexible arrangement of 3/4 bedrooms , living area, office, kitchen and bathroom.

Externals
Due to its historic nature the property is typical of ancient centres with little space under utilised. To the rear door is a popular “smokers solution” (30) and a passage leading to a shared car park.

Premises licenses
The business trades 10am till 12 midnight all week with 12 noon till 10.30pm sunday. A personal license will be required and our training associates can assist with this for you along with other licensed retail training inc bii courses.

Tenure
We are instructed by our client to offer by way of assignment 20 year wellington pub co lease from 2006 with full landlord and tenant act protection and fully renewable at its end with no further cost with a rent of £35,000 pa. The business is completely free of all ties (a freehouse amongst mainly tied pubs).


Services
We are advised that the business benefits from all connected mains. Rates payable of £7,200.

The business
The business has been owned by our client for 8 years however he runs it as an “absent landlord” having other non related business interests with a manager in situ. He believes as indeed do we, that this remarkable pub would further benefit from a traditional “hands on couple” who would build upon its trading foundation of £235,000 pa 100% wet driven plus net machine income of circa £15,000 p.a. With due respect to the current manager an owner operator should be able to drive sales to £300,000 for the year and expect a net profit after paying all trade expenses including rent, in excess of £1,000 per week. The pub is set within an area dominated by tied operations and has a unique opportunity to completely corner the wet driven market purely by taking advantage of its free trade status.

A rare and unique historic home counties market town freehouse – not to be overlooked

Property information

Property:

Leasehold