STRATEGICALLY SITUATED LIVELY SAFE EVERYDAY LOCAL FREEHOUSE CLOSE TO THE TOWN CENTRE OF WELLINGBOROUGH NORTHANTS ABOUT TO BENEFIT FROM 15,000 NEW RESIDENTIAL HOMES INCREASING ITS SIZE BY 40%
- Recent Sales monthly of £28,000 projecting £336,000 pa Inc. vat, 100% Wet GP (66%) possible above £1000 weekly disposable Net profits having lived out of the business, currently run under management
- 'Buzzing' Sports bar (30+standing) Lounge Bar (45+) with games & French doors to garden
- Safe fenced popular family garden (200)- smoking solution, car park (45)
- Strong local community support – closest pub to new houses & Mega modernised Kings Cross Style Rail Station
- Excellent well above average 4 Bed owner’s family accommodation
- Fully renewable & protected Commercial lease of 20 years FREE of ALL TIES (A FREEHOUSE)
LOCATION (NN8 1NJ)
Set close to the centre of rapidly expanding WELLINGBOURGH, NORTHAMPTONSHIRE, with a current population of 50,000 and within the Borough 76,000, the business is about to enjoy the potential uplift in sales from a further 15,000 homes an increase of 40% along with employment areas, expected to provide 7500 new jobs (www. stantoncross). The property commands a corner footprint on Senwick Road adjacent modern offices and well-kept new build homes. The business has potential to draw clientele from the nearby Bookers HQ with 1400 employees, a major hospital, fire station, Wellingborough public school, The BR station (under 1hr to St Pancras), which is undergoing a multimillion GBP enhancement scheme, with many retail parks, big brands & commercial centres, all located amongst tree lined avenues. The residential housing development has already commenced with 500 homes due to be occupied by Autumn 2016 & 3,000 within phase one.
Commanding a corner position holding a large footprint, the property is detached of brick construction under pitched roofs. SPORTS BAR (30+ standing) has a mix of seating inc. pews, padded chairs, high box stools to bar tables & high drinking tables set on hard wood floors. The bar has a darts board, AWP & HD Flat Screen TV. CENTRAL BAR SERVERY is of T & G construction with polished counter top having a range of Bright Beer pumps & Real Ale Wickets with high stools to the Lounge area. LOUNGE BAR (45+) is part carpeted part hard floor covered. Seating is a mix of High Chairs, pews, to polished dining tables & high ‘poser’ drinking tables. A Pool table & 3 HD Flat TV screens provide a sporting theme to the area attracting 4 football teams, rugby followers & other sports inc. AWP. Double patio doors access the Smoking shelter & large well used secure family garden. CATERING KITCHEN (currently unused) is fully equipped & ready to go. BEER CELLAR is set below ground with Real Ale Thralls & fully chilled. Facilities for ladies, gents & disabled customers. SKY & BT SPORTS are shown throughout at £154 PW.
Well above average cared for Owners Accommodation comprises of 4 bedrooms, large comfortable airy lounge, fitted kitchen, modern bathroom with separate W/C. Office, roof area.
The business benefits from a large car park (45) and huge grassed garden (200+) with 20 picnic benches, completely surrounded by a secure fencing. A further 6 benches are located to the front elevation of the property.
The business is licensed to supply alcohol 11am – 1am Friday & Saturday with 11am till Midnight the rest of the week. Actual opening hours are – 12 noon until flexible closing all week. A Personal License will be required (our associate company can assist in this).
The business is held on an assignable (at no further premium) 20-year Commercial lease from Enterprise. The lease has full protection under the Landlord & Tenant Act (54) conditions therefore fully renewable at no further premium and under no less favourable terms. Rent reviews are 5 yearly and is currently £30,000 pa. As a Commercial lease it is completely FREE of ALL TIES (a Freehouse). A deposit of £15,000 will be required by Enterprise Inns.
All mains are connected with central heating by gas. The business rate payable is £7500 p.a.
The business has been owned by the present operators for a 6-year period, the majority of the time being run as a Managed House Operation. This style of pub business is better run by an owner operating couple to fully capture the sales opportunities & keep over heads in check. Sales are currently running at a projected £336,000 inc vat, all wet sales, with a GP of 66%. We believe that a new enthusiastic couple will achieve weekly profits of above £1,000 having lived out of the business based upon the current sales having paid the rent & all business overheads. This is without taking the new huge new build residential homes into consideration nor an appropriate food offer which the lease owner undertook themselves previously.
OUR ADVICE TO THOSE WHO ARE LOOKING TO RUN A SAFE & SECURE BUSY PUB WITH ABOVE AVERAGE HOME TO GIVE THIS EARLY CONCIDERATION
ACCOUNTS INFORMATION WILL BE MADE AVAILABLE TO INTERESTED PARTIES AFTER VIEWING.
To secure this business a deposit of £5,000 will give you exclusivity and a lock-out agreement with no further viewings, marketing or editorials taking place.
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 251 208.
Viewing 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.
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