GA-Select Property Book

£49,999

Leasehold free of tie
(Proof of finance or credit line will be required.)

HANDSOME UNOPPOSED 200 YEAR OLD STONE PUB LOCATED WITHIN THE HIGHLY DESIRABLE HISTORIC NORTHAMPTONSHIRE VILLAGE OF WICKEN

A COMPELLING WELL PRESENTED VILLAGE PUB OFFERED BY WAY OF A LEASE ASSIGNMENT AT £49,999 TO INCLUDE FIXTURES AND FITTINGS & LEASE PLUS S.A.V.

• Growing sales of £4,000 plus p/w on limited openings from “stand start” early Spring 2010 on 50/50 split (£364,000 annual potential)

• Re-furbished contemporary Bar ( 36+) “sparkling” dining room (24/50)
• Garden & Patio + internal “ walled garden” – C/P (20)
  
* Exceptional 3/4 bed owners accommodation.

• Beautifully proportioned business of great character
• 5 year landlord and tenant protected lease fully renewable at no further cost Free of All Ties (A FREEHOUSE) – sensible stepped rent



LOCATION (MK19 6BS)

The village of Wicken was mentioned as a” Saxon Freehold” noted for it’s Baronial Deer Hunting within the Domesday Book of 1085 but has a medieval past going much further back into the deep history of Britain. The village is quintessentially Ye Ole England with thatched cottages and traditional Northampton Stone residential properties. In 1844 Queen Victoria passed through the village en-route to Stowe and was believed to have stopped off at the village Hostelry for refreshments. The village has associations with the Spencer Family, ancestors of the late Diana, Princess of Wales who owned a manor house within the village. The village lies just off the A422 Stoney Stratford to Buckingham Road off the A5 Watling Street, the Old Roman Road from London to Liverpool just to the West of Milton Keynes and South of Towcester, a place noted as a billet for The Parliamentary Troops of the Civil war c1645 who settled in the village along with Wicken Forest and the woodlands of Whittle Wood. The area has an abundance of places and features of significant historic and public interest. The Pub is to be found on Deanshanger Road to the heart of the village.

PROPERTY DESCRIPTION

The property which is believed to date back at least 250 years is detached and of traditional Northampton Stone construction under pitched slate roofs. Large double doors welcome you into the pub from Deanshanger Road or by the side vestibule from the gated car park. Upon entering you will be impressed with the bright airy interior of the property which is a successful blend of tradition with exposed beams and open Victorian fireplaces, exposed tiled and stripped timber floors along with softer finishes of carpeting within a place that has been sympathetically treated to a contemporary make-over which works so well within this environment, some ceilings have the retained original Plank finishing. DINING AREA (24 to 50c) is on a raised area and has matching dining chairs to polished wood tables set on a carpeted floor. This then leads down to the BAR (36+) which has been laid out providing smaller areas for different user occasions with “hearty” furnishings set in front of the CENTRAL BAR SERVERY is of T & G wood construction with a polished counter top and exciting back fitting. REAL ALE WICKETS and Bright Beer pumps are set into the counter. The servery is of an “Island” style feature with imaginary down lighting and has high bar stools to its front. BEER CELLER is set deep and has a Remote 8. TOILET facilities are well presented with nice personal touches. CATERING KITCHEN, is exceptional with a well conceived lay out and modern S/S equipment and could be developed as a “visual chef” style feature as a USP. A Still room lies to the side in a separate room.

OWNERS ACCOMMODATION

The owner’s accommodation is one of the best presented private homes of any pub anywhere and must be seen to fully appreciate. There are 2 Double bedrooms “en-suite” with a further double bedroom and an office well suited for bunk beds. Further facilities include a most magnificent owners “gallery” lounge, family bathroom with corner bath, and kitchen

EXTERNALS

There is an “internal” courtyard off the dining area then to the side off the Car Park(20) a patio (30) with picnic sets and a further grassed area to the rear again for trade use (60). A shed is used for general storage and a small barn sits to the side of the car park suitable for conversion subject to PP’s.

PREMISES LICENSES

The premises license allows opening of Mon-Thurs 10.30 hrs to 23.00 hrs then Fri-Sat until 24.00 hrs with Sunday 12 noon till 23.00 hrs. Our client currently opens Mon- Fri inc 18.00 hrs till close with Saturday 12noon till 15.00 hrs and 18 hrs till close with Sunday 12noon till close (the business does not trade any lunch times Mon to Fri inc by the choice of the client and this obviously presents an opportunity). A personal licence will be required and our training associates would be only too pleased to assist in this matter.

TENURE

We are instructed by our clients to offer the business for sale by way of assignment of a 15 year lease commencing Feb 2010 from a PRIVATE INVESTOR, fully protected by the Landlord & Tenant Act and fully renewable at no further cost – current rent is an affordable and realistic £20,000 stepped in year II to £25,000 and year III to £30,000 enabling an operator to grow the business. Rent is paid monthly. The lease is completely FREE of ALL TIES (a Freehouse).

SERVICES

We are advised that the pub benefits from main services electric, water, mains sewage and has OIL central heating. The business rates payable are £1,200 per annum.

THE BUSINESS

Our client purchased the business in 2009 and has undergone a sympathetic development programme of investment and re-opened the business early Spring 2010 with the intention of running it a family business however as is often the case the family partnership did not materialise which has left our client running the business with the assistance of his partner who also has other business interests. Early indication of sales show a weekly figure of circa £4,000 p/w inc vat which would expand to an annualised £211,500 on a split of 50/50, carrying this forward a Net Profit of circa £30,000 should be available. The business is without doubt waiting for a new energetic owner to come and take it to its next stage. Experience tells us that the business is well capable of sales above £7,000 p/w i.e. £364,000 pa and should at that level of trade return a net profit of circa £65,000 pa having paid the rent and all expenses and lived free out of the business. We must point out that this business is being offered for sale without the benefit of “good will” i.e. the books however our client will do all possible to satisfy any questions regarding trade and expenses that he can.

EARLY INSPECTION IS HIGHLY RECOMMENDED DUE TO THE ASKING PRICE OF THE BUSINESS AND STRENGTH OF OPPORTUNITY

Accounts information will be made available to interested parties after viewing.

Our panel of financial experts are here to help; call for referrals: 01530 414140.

The Property was viewed by Graham Allman who will be delighted to discuss the opportunity with you 7 days a week on 07765 251208.

Viewings appointments can be made via one of GA-SELECT Business Managers on 01530 41 41 40 who can also refer you to experienced solicitors, accountants, and other trade experts.

Keywords: WICKEN, NORTHANTS, G4712L, leasehold, £49,999