Village Inn With 5 Letting Rooms In Stoke Doyle For Sale

Business description

DELIGHTFUL 16TH CENTURY 'FREE OF TIE' VILLAGE INN WITH 5 LETTING ROOMS SITUATED WITHIN THE HIGHLY DESIRABLE LOCATION OF STOKE DOYLE, NORTHAMPTONSHIRE




A substantial and attractive 16th Century property situated in the sought after location of Stoke Doyle.
Traditional and characterful Main Lounge Bar (50), Dining Room (circa 16 covers), Pool Room (20).
5 Letting Rooms - all with en-suite facilities.
Fully equipped Commercial Catering Kitchen.
Impressive 4 bedroom owner's accommodation.
5 years remaining on private 'Free of Tie' lease. RENT ONLY £15,000.
Current sales circa £110,000 (incl.).
50% wet and 50% food.
Trading on massively reduced hours.
Enviable lifestyle for entrepreneurial partnership.


AN UNMISSABLE OPPORTUNITY TO ACQUIRE THIS 1ST CLASS WELL ESTABLISHED BUSINESS AND HOME WITH A SOLID TRADING FOUNDATION WITH MASSIVE POTENTIAL.


ASKING PRICE £60,000 LEASEHOLD TO INCLUDE FIXTURES AND FITTINGS, GOODWILL EXCLUDING S.A.V.


LOCATION
This delightful traditional and highly desirable village inn is situated in the sought after location of Stoke Doyle, 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 Kettering 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 3-storey detached property is of stone construction under a pitched, tiled roof.



The main entrance at the front leads into the lobby with access into the Lounge Bar and Dining Room.

Lounge Bar (50) is a good sized characterful and traditional room with a feature return bar servery with a polished counter and a back fitting having a range of trade optics and bottle coolers (not tested) which is complimented by loose polished tables, upholstered bar stools and chairs. This traditional lounge bar is a warm and inviting room with a wonderful ambience which is enhanced by the feature stone built open fireplace and the lovely panelled walls. There is also a darts throw and access to the Dining Room and Pool Room.

Dining Room (circa 16 covers) being a bright and airy room with loose polished tables and chairs, exposed beamed ceiling and a feature brick built open fireplace (currently unused) and offers a lovely cosy and inviting ambience. Access to the Kitchen.



Pool Room (20) is a good sized bright and airy room with pool table and lighting over, loose tables and chairs. Access to the W.C's and car park.

Ladies and Gents W.C's.

Lower Ground Floor Cellar (accessed from behind the bar) with dray drop, python, pumps, cooler and barrel thrall.

Catering facilities include a fully equipped commercial Kitchen with stainless steel appliances and preparation surfaces (appliances not tested).

LETTING ACCOMMODATION

Situated in a delightful detached single storey barn conversion at the rear of the inn and briefly comprises: 5 bedrooms with all rooms having en-suite shower rooms. The rooms are currently unused and needs refurnishing.

OWNER'S ACCOMMODATION

Situated on the first and second floors and briefly comprises: 4 good sized bedrooms, lounge, kitchen/utility room, bathroom and separate W.C.

EXTERNAL

Good sized lawned beer garden with timber benches/seating incorporating a children’s play area. Patron’s parking facilities for circa 10 cars.

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:

Mon - Sunday - 11.00am - 11.00pm

The current trading hours are as follows:

Monday - CLOSED

Tues - Sat - 6.00pm - 11.00pm

Sunday - Midday - 3.00pm and 7.00pm - 10.30pm

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 inn benefits from all main services with the exception of a septic tank for sewerage, propane bottled gas for cooking and uses electric storage heating (no services seen or tested).

The business is offered for sale as a lease assignment with approximately 5 years remaining of the original Private ‘Free of Tie’ full repairing and insuring agreement. 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 and Tenant Act 1954. Business rates payable are advised as currently being only £615 per annum. Rent is currently ONLY £15,000 per annum reviewed in June 2008.

THE BUSINESS

Our vendor client, in situ for the past 5 years has successfully operated this delightful and traditional village inn on a full time 'hands-on' basis with the assistance of 3 part time members of staff. After approximately 32 years in the trade our vendor client has decided to retire in order to spend more quality time with his family, hence the instructions 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 50% food and 50% wet. Current sales circa £110,000 (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 £175,000.

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