One Of UKs Top 10 Waterside Pubs For Sale

Business description

ICONIC RENOWNED 200 YEAR OLD AWARD WINNING RURAL CANALSIDE PUB LOCATED AT THRUPP WHARF, COSGRAVE NORTHAMPTONSHIRE


> Robust High Level sales with 57% GP’s - Affordable Rent
> Traditional Bar (22+) Restaurant (28) Conservatory over looking canal(50)
> Decked patio & Balcony (24) – Large Grassed Garden (22 tables) – C/P(40)- Viable Outbuildings
> Stunning views over new marina and Grand Union Canal alive with wild life
> Flexible owners 4 bed accommodation
> 15 Year protected renewable lease FOT Wines/ Spirits & Minerals

HIGHLY REGARDED FAMOUS PUB AND EXCEPTIONALLY PROFITABLE BUSINESS OFF AN ASKING PRICE OF £150,000 PART TIED LEASE ASSIGNMENT TO INCLUDE FIXTURES AND FITTINGS, GOODWILL PLUS S.A.V.



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LOCATION (MK19 7BE)

The Grand Union Canal stretches for some 137 miles from London through to Birmingham boasting some wonderful pubs and inns along the way. Just outside Milton Keynes, with some justification lies one of the very best waterside pubs not only on the Grand Union but through out the entire country. The pub was quite rightly voted as amongst the top 10 waterside pubs in the country by the Sunday Telegraph in 2009.Thrupp Wharf Marina is a friendly family run marina situated on the Grand Union Canal, adjacent to the Navigation Inn. It is conveniently located in South Northamptonshire between Castlethorpe and the affluent village of Cosgrove and Yardley Green at Bridge 64, just 10 minutes north of Milton Keynes. At Thrupp Wharf Marina 60 secure private moorings are provided in a peaceful country setting. With easy access from major routes and close proximity to the pub and shops the marina provides the perfect base for cruising the canal network. The history of the locale goes back pre Roman Times and the settlement was mentioned in the Domesday Book , the Roman Road of Watling Street runs nearby. Some address’s describe the pub as Northamptonshire and others Buckinghamshire. From M1 Southbound , leave at J15 and turn right onto A508 towards Stony Stratford, follow the road for approx 5 miles, turn left towards Cosgrove then after 100 yds left again towards Castlethrope, the pub is on front of you. From m1 Northbound, exit at J14, turn right onto A509 towards Newport Pagnell, at the next roundabout turn left and follow road for approx 4 miles until the A5. Right onto A5 and at next roundabout turn right onto A508 towards Northampton, then take 2nd turning right towards Cosgrove the left towards the pub.



PROPERTY DESCRIPTION
Built in 1805 of local stone by the “Navvies” cutting the canal through from Birmingham to London the pub was constructed for the comfort of the Irish workforce and horses that pulled the narrow boats of the period, on Bridge 64 and commands a large imposing detached footprint to the front of Thrupp Wharf, a privately owned and run marina which opened in 2009. Surrounded by the most pleasant of English countryside with villages and market Towns such as Towcester (Silverstone F1 GP Track) and many historic attractions makes this a magnet for tourists and well healed locals. Mentioned within many guides including The Good Pub Guide the pub has what is rumoured to be the original “take away”……, a hatch to the canal from the pubs kitchens to pass food through to the passing bargees. Enter from the wide footpath from Bridge 64 into a classic canal side hostelry with exposed reclaimed hard floor surfaces to the BAR (22+) having a large welcoming brick fireplace with beamed insets, lots of timber features including retention beams . Furnishings are simple with assorted tables leather seats and settees. CENTRAL BAR SERVERY has a host of Real Ale Wickets (Camra recommended) set into a polished counter top. DINING ROOM (28c) of similar rustic finish and leads out to the balcony area. CONSERVATORY (50c) over looking the canal and Marina with panoramic views over the sweeping countryside and wild life. The room has loose tables and chairs providing a flexible arrangement of uses from intimate tables to banqueting. It has half glass panelling and access directly onto the decked patio and balcony. CATERING KITCHEN and AUXILIARY AREAS are fully equipped with professional plant. WASHROOMS, ladies and Gents are offered. BEER CELLAR is fully chilled and equipped to handle Real Ales.



OWNERS ACCOMMODATION
Accommodation is provided over two floors with 4 bedrooms (one used as an office), Lounge, Bathroom and Shower. Staff toilets and shower are also provided.

EXTERNALS
You must appreciate the excellent facilities that this pub offers by way of external use. The Decked Patio / Balcony (24) is most popular including “al fresco” dining. 22 picnic sets are located on the pubs family beer garden which runs alongside the canal (moorings for exclusive use of the pub) provide an enormous outside “lounge” area. Parking is available for 40 vehicles. There is a large stone barn ripe for conversion to B&B or tuck shop or tearoom, maybe even a Fish n Chip restaurant cum take way (subject to planning). Further parking is to the side and front of the property.

PREMISES LICENSES
We are advised that the business has a Premises licence that allows opening of Mon- Sat 10am till 1 am with Sunday 12 noon till 11pm. Actual opening hours are 12 noon till 3pm then 5.30 pm till 11 pm all week then 12 noon till 10pm Sunday. A Personal License will be required and our training associates can assist with this for you.

TENURE
We are instructed to offer the property and business for sale as a lease assignment of a 15 year lease from Brewers Greene King commencing Nov 2001 and is just Part Tied with Free of Tie on wines ( huge sales), spirits and minerals. Current rent is and affordable £47,000 which equates to below 10% Rent to Sales. The lease is fully protected under the landlord and Tenant Act and renewable at its end at no further cost.


SERVICES
We are advised that the pub benefits from water, electric mains connected with cooking and heating by gas and sewage by septic tank. Business rates payable are £19,000 p.a.

THE BUSINESS
Full trading information will be provided post viewing but we are allowed to confirm that during the period that our clients have owned the business that the GPs have run to 57% on a sales split of 50/50. From this after deducting the rent and fixed overheads ,that other expenses are personal to the owners and reflect the style of operation.


YOU CAN SEE WHY THIS WAS VOTED AMONGST THE TOP 10 UK WATERSIDE PUBS IN THE COUNTRY – DON’T MISS OUT ON IT.

Property information

Property:

Leasehold