Public Houses for sale in Stowmarket

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New 'free of tie' letting of sizeable village public house in the heart of the Suffolk countryside

Stowmarket, Suffolk, England

  • Price: £18,000
Seller Reference: EARLSTONSD
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Business Description
 
 
 
 
 
 
 
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Seller Reference: EARLSTONSD
Request Details
Business Description
• New letting of pub with significant rental incentives available including a capital contribution
• Wholly 'free of tie'
• Fantastic location on designated tourist route
• Large dining area c 60 covers
• Car park to accommodate up to 30 vehicles
• EPC Rating: D (88)

Property
The Shepherd & Dog is a detached, brick-built building under a slate roof which is predominantly arranged over two stories, with extensions to the side and rear.

On the ground floor, an entrance lobby provides access to the large trading area, which is divided into two main sections and features a central wooden-panelled bar servery, the whole catering for c. 60-65 covers. A rear lobby provides access to disabled, ladies and gents WCs.

The back of house includes a trade kitchen with commercial extraction and ancillary prep room, wash up area, room with walk-in chiller and a ground floor level cellar.

On the first floor there is private accommodation comprising double bedroom, bathroom, sitting room and domestic kitchen. Outside, there is a dedicated apshalt car park for approximately 30 vehicles, a lawned front trade garden for c. 20 covers and an enclosed private garden to the rear.

Measurements
The area of the site extends to 0.33 of an acre. The ground floor footprint (GEA) of the public house extends to 233m² (2,512ft²). Measurements are taken from digital mapping and are approximate.

Planning
We are advised the property is not Listed, nor is it located in a Conservation Area. Prospective purchasers are advised to make their own enquiries to Mid Suffolk District Council https://www.midsuffolk.gov.uk/

Tenure
The property is available by way of a new FRI lease with an expected starting rent in the region of £18,000 per annum. The rent is not subject to annual indexation and is paid quarterly in advance, with a three year review cycle. There is no premium payable for the benefit of the new lease. We understand the rent payable will attract VAT.

The agreement is free from any purchasing ties.

The Landlord is prepared to make a capital contribution of £20,000 towards the refurbishment of the pub, to be drawn upon with valid invoices. There will be a 3 month rent-free period and further concessions may be offered in the first year subject to the tenant’s assessed covenant strength and overall business plan

Required Capital
Applicants must have sufficient capital available to cover 6 months' rent (3 months as a deposit; 3 months rent in advance), building insurance, legal fees and working capital. Proof of funding and a business plan will be sought.

Rates & Charges
Business Rates: £7,680.00 per annum (based on a Rateable Value of £16,000)

Council Tax: N/A
Location Details:
Earl Stonham is a village located in central Suffolk, lying around 5 miles east of Stowmarket and 11 miles north of Ipswich. The village is home to a thriving cricket club and a youth club and is a local hotspot for recreational walkers. The Shepherd and Dog occupies a large site on the busy A1120, which links the A140 and A14.
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