Leasehold Public House For Sale

Business description

Bag a Business Ltd are delighted to place on to the market The Old Red Lion, which is a public house/restaurant and has a history dating back to the early 1800s. Our clients, who are a husband and wife team have owned the business since 2005. It is only now offered to the market due to our clients' desire to move abroad. Since purchasing the business, tens of thousands of pounds have been spent on renovations and the property is now presented to a very high standard. It only attracts a high calibre clientele with an emphasis on high quality home cooked food (including their famous home cooked desserts). The food represents 50% of turnover. Only one of the owners works full-time and the business employs 4 full-time and 2 part-time staff members. Apart from the warm and cosy open fireplace and the sophisticated relaxed atmosphere in the restaurant, the real draw is the view, which is simply breathtaking. Barrelage usage is approximately 676 per annum and the turnover now exceeds £330,000. The rent is also very reasonable, at only £27,500. There is ample potential to increase turnover. The surrounding commercial market is largely untapped and with marketing and exposure the lunchtime and evening trade could easily be increased. Our clients trade under an Enterprise lease and are tied for beers and bottled beers only. Early discussions with Bag a Business Ltd must come highly recommended.

Property information

Property:

Leasehold

Lease terms:

Tenure: Leasehold
Original length: 7 years
Remaining length: 5 years
Rent: £27,500 / per annum

Living accommodation:

PROPERTY DETAILS Very spacious detached public house has a history dating back to 1800s and set on approximately 1.5 acres: GROUND FLOOR . Entrance to main bar area . Large fully equipped bar with 9 points of dispense . Open log fire . Separate entrance to a-la-carte restaurant with 28 covers . Large and fully equipped kitchen to rear . Steps leading to cellar and dry stores FIRST FLOOR . Office . Three double bedrooms . Lounge . Bathroom . WC EXTERNAL . Car parking to the front . Side entrance to beer garden . 100 external covers . Stunning views . Heated smoking area . Two large storage buildings, one with a fully equipped outside bar

Location:

This beautiful public house is in a stunning location. The first striking impression comes from the view. The premises is a character, detached building on approximately 1- 1.5 acres. Great Brickhill is a very quiet and extremely affluent village. It has a very small population and enjoys a tranquil atmosphere, being very much a model English village, and it has won national awards for being the best kept village. There are a large amount of commuters in the area who have easy direct access to London Euston via Leighton Buzzard Railway Station, which is only two miles away. The huge commercial area of Milton Keynes, which offers as yet untapped potential for this business, is only seven miles away. The area itself is easily accessible being in close proximity to the M1 motorway.

Other information

Trading hours:

Sun - Thurs: 12.00pm - 12.00am Fri - Sat: 12.00pm - 1.00am