Ideal for a “couple” to nurture this lovely Village Freehouse and enjoy an enviable lifestyle
£ Easy rent – on 10 year protected and fully renewable Free of Tie Lease
Current “business model” in need of review majoring on the further development of appropriate food offer and the USP’s of its superb locale
Extensive refurbishment within Locals bar (30) and through dining (24c)
Minutes M40 -Suntrap patio (30)
Comfortable 3 Bed owner’s accommodation
LOCATION (CV35 9DR)
Ashorne is an affluent village in Warwickshire, lying to the Northern region of the Cotswold’s and part of the parish of Ashorne & Newbold Pacey. Ashorne is eight miles from Stratford –upon- Avon and six miles from Warwick with its elegant world renowned Castle rising above the River Avon, 15th century Beauchamp Chapel attached to St Mary's Church, medieval Lord Leycester's Hospital almshouses and several museums. Nearby is Ashorne Hall and the National Heritage Museum at Gaydon. Stratford-upon-Avon Famous as Shakespeare's home town, Stratford's many attractions include his birthplace, New Place where he died, the Royal Shakespeare Theatre and Gallery and Hall's Croft (his daughter's house). International tourism and the enjoyment of residing within timeless living provide a blend of history and opportunity. This is without doubt a “gold standard” and a prime locale for running your own business and residing within one of the most sort after villages in the UK. The village has its own pub, a monthly "fair trade" shop in the village hall, and a cricket club. Ashorne Hall is a large historic country house which is used as a Conference Centre and is located in nearby Leaminton Spa Some of the older thatched buildings in the village originate before the birth of William Shakespeare and one is of Medieval origin. The area has always been renowned as a food lover’s paradise and is easily accessible from a high density of old money residential housing.
The property is to 2 stories and believed to be in excess of 250 years old, being the end property of a row of traditional must sort after residential rustic cottages. You can enter by way of its front entrance or by way of a side door from the patio. Internally the public areas are very traditional with many period features throughout. LOCALS BAR (30+) is split over two levels with LADIES & GENTS facilities off. DININING AREA (24c) has a traditional cottage feel to it. Central BAR SERVERY has a range of “hand pulls” for the range of Real Ales for which its reputation is growing. CATERING KITCHEN is equipped with commercial stainless steel units and has a further storage area. BEER CELLAR is to the ground floor and fully chilled.
The owner’s “cottage” accommodation has 3 good bedrooms with the usual range of family rooms inc newly fitted kitchen.
Sitting to the side of the property is a veritable “sun trap” patio with smoker’s solution, timber picnic benches, along with a large “cover all” umbrella. The owners have use of a detached garage.
We are advised that the business has a Premises licence that allows opening of 11 am through till 11pm all week. Currently the business opens Mon-Friday 5pm till 11pm then Sat 12noon till 11pm, Sunday 12noon till 10.30pm this is due to the current tenant’s other business interests. A Personal License will be required and our training associates can assist with this for you.
We are instructed to offer this business as a New Free of All Ties lease, FRI, with full Landlord & Tenant Act Protection and fully renewable at its end (subject to L&T act 54 conditions) at no further cost and under no less favourable conditions. Rent payable for the first 2 years of its 10-year period will be £12,000 pa thereon by way of annual index linking forming a new rent at year 5. Please note that our Freeholder(s) more interested in appointing and retaining an experienced committed couple therefore just seeking a not unreasonable return on their investment. A non-assignment period of 2 years will form part of the agreement. Rent will be payable 1 month in advance of a 3-month rental period i.e. 1 month + 2 months, this will be made payable to our clients SIPPS (pension fund). A 2nd rent which is estimated as under £900 pa will be payable towards the insurance of the property. This can be spread monthly or quarterly.
We are advised that the pub benefits from all mains services excluding gas. Cooking is by LPG and central heating by Oil. Business rates payable of £3,140 p.a. (small business relief)
The business has been owned by our clients since 2004 and have let out as a traditional tenancy over this period, therefore no trading information can be made available as the accounts are confidential to the tenant. Our clients do believe that a sales split of circa 60% Wet to 40% Dry is being achieved. This firm believes that a potential weekly sales level of around £4,500 gross (inc vat) is achievable from this unopposed pub and a Gross Profit due to its free of tie nature of above 65% i.e. £128,440 which with its “easy “rent should result in a net disposable income (net profit) after rent and all trade overheads of £600 - £800 per week i.e. £31,200 to £41,600 p.a. having lived out of the business. Ideal candidates will be one partner in the kitchen with a partner front house.
THIS “TICKS THE BOXES” WITH A QUALITY OF LIFESTYLE COUPLED WITH THE OPPORTUNITY TO BRING YOUR OWN FLAIR TO THIS BUSINESS - EARLY VIEWING IS RECOMMENDED TO SNAP UP THIS GEM OF A BUSINESS AT A LOW INGOING.
To secure this business a deposit of £5,000 will give you exclusivity on this business giving you a lock-out agreement with no further viewings or marketing taking place.
No accounting information is available.
Our associates will be pleased to advise and assist in the purchase of this outstanding business.
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.
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.
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