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Characteristic Pub In Lutterworth For Lease

Lutterworth, Leicestershire, UK
Freehold Price:
£699,950 Inventory / Stock included
Lease Asking Price:
£20,000 Inventory / Stock included
Sales Revenue:
Not applicable
Cash Flow:
Not applicable

Characteristic Public House

Freehold sale or Free of Tie Lease available

Extensive beer garden

Established community local

Destination Food Pub

Refurbished owners accommodation

Location

The Queens Arms is located in Leire, a lovely Leicestershire village situated north of the market town of Lutterworth. The village of Leire lies in the county of Leicestershire, near to the geographic centre of England and has easy access to the A5, M1, M6, M69, A14 and the nearby towns of Leicester, Rugby, Coventry, Hinckley and nearby Lutterworth. Rail Stations at Narborough, Rugby and Leicester give access to London, Birmingham and the North. The name of Leire is thought to originate from the old British name for the river Soar – which was at different times Leir, Leyre and Legre – a tributary of which has its source to the south of the village

Business Description

SellMyPub are delighted to offer for sale The Queens Arms public house. The pub itself dates back to the 1700’s and has continually served as a community local and a destination food pub. The property has been under its current ownership since 2011 and over the past few years has been managed on a tenancy.

The Queens Arms is a substantial 3 story property that boasts a very loyal customer base and is the focal point within the community. Regular community events and functions take place throughout the year and the pub holds frequent matches for the local darts and skittles teams.

Currently the kitchen and restaurant space is being rented and is offering Tandoori, which has been a popular addition to the village. This business arrangement could be extended and negotiated by a new owner or alternatively the kitchen and restaurant space can be utilised by the pub.

Ground Floor

Front and side access to the main trade

Main Bar: boasting a traditional look and feel with free standing tables & chairs, fixed seating to cover (40). Two working open fire places and ladies and gents WC’s

Main bar servery with EPOS till system, several beer pumps, commercial glass wash machine.

Access to kitchen.

Restaurant area comprising:

Reception desk and welcome area

Traditional features innkeeping with the natural look and feel of the pub, free standing tables and chairs (38), access to kitchen and with own entrance if required.

Kitchen area comprising: all necessary catering equipment , washup & food prep area and food storage area.

Ancillary Areas

Ladies W/C: Wash basin, toilet

Gents W/C: Urinal, toilet and wash basin

Disabled W/C

Cellar – Off road access

Business Opportunity.

This is a superb opportunity to purchase or rent an established public house with great owners accommodation. The pub would suit experienced operators who can cater for the local trade and can build a great reputation with a good food offering that would attract diners from further afield.

The pub is a turn key operation and can be traded immediately by a new owner once restrictions are lifted.

The extensive beer gardens and fixed coverings provide an excellent opportunity to increase on the number of covers during the warmer months with an outdoor dining offer.

Permitted Opening Times

Monday – Sunday: 11am – 12.30am

During the Covid pandemic the kitchen has been rented and offering Takeaway Tandoori food providing a rental income.

This option can either be formalized and continued or terminated at the discretion of the new owners or tenant.

The pub is being offered on both a freehold or leasehold basis

Leasehold Details:

Ingoing Premium: £20,000 VAT

New 10 year Free of tie lease on offer

Annual rent - £30,000 VAT

Rent reviews every 2 years

Freehold Details:

£699,950 VAT

First Floor – self contained owners accommodation – Currently being refurbished throughout

Kitchen area connected with both electric and gas

Large lounge area with fire place

Large sitting room or double bedroom

Further Bedroom or Office

Bathroom/shower area

Storage area/cupboard

Second floor

2 x large double bedrooms

Other information

Mains electric

Mains gas

EPC rating C

Early viewing is highly recommended.

Property Information

Property:

Available as freehold and leasehold

Lease Terms:

New 10 year Lease
Free of Tie
Rent Review every 2 years

Leasehold Rent:

£30,000 per annum

Energy Performance Rating:
C  View EPC Graph for this property

Business Operation

Reasons for selling:

Other business interests

Other Information

Related Documents:
Leasehold asking price:
£20,000 - Inventory / Stock included

Contact SellMyPub Ltd

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