The Olde Sun
Ref:
Tenure:
G4949L
Leasehold
Ref: G4949L
Type
Price:
For Sale
£ 120,000
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AN “OLDE WORLDE PUB” IN ITS TRUE SENSE, WITHIN ITS WALLS OF LIVING HISTORY YOU WILL FIND A WELL BALANCED BUSINESS AND HOME IN A MUCH
SOUGHT AFTER VILLAGE SETTING AT A MOST REALISTIC ASKING PRICE OF £120,000 LEASEHOLD. TO INCLUDE GOODWILL, FIXTURES AND FITTINGS PLUS
S.A.V.
• Average sales over past 4 years of £406,000 inc vat 65% Wet, 35% Dry – 300 Brls – with £174,724 GPs pa.
• Linked period rooms with “nook & crannies” – 2 bars (60) – games bar (20) – dining room (35) – gleaming brassware & old ships beams.
• Generous renovated owners home with 3 bedrooms, 2 bathrooms, kitchen diner, office and private garden.
• Exceptional outside aspects with large mature garden (suitable for a marquee) and two patios – car park.
• Striking civilised property & business, 1.5 miles from M1 just off A45
• Fully renewable & protected FREE OF TIE 20 year lease from Nov 2003
LOCATION (NN7 3LL)
From J16 of the M1 follow the A45 for 1 minute and the village of NETHER HEYFORD and the Pub is signposted to the left, the A45 then carries onto its junction with the A5. A
village of over 2000 inhabitants which is rich in England’s history and heritage, NETHER HEYFORD dates back to pre- DOOMSDAY BOOK when it was a settlement owned by
The BISHOP of CONSTINACE and it’s believed that the parts of the property dates back to these days. The village which is located in The Nene Valley has a splendid large
village green, Cricket Pitch (the team meets at the pub), excellent schools, well known fishing centre and canal moorings within a subtle blend of traditional
Northamptonshire Village homes and more recently constructed executive properties.
Its geographic location makes it ideal as a commuter base for LONDON & the Home Counties and is frequented by many famous names.
THIS PROPERTY NEEDS TO BE VIEWED TO FULLY APPRECIATE WHAT IS ON OFFER.
PROPERTY DESCRIPTION
Constructed of MELLOWED GOLDEN STONE from local Northamptonshire quarries the property has high pitched tiled roofs with parts of it believed to date back almost 1000
years. It became a hostelry in more recent times “1765”!
MAIN LOUNGE BAR (30) has “parka” and carpeted floors, furnished with a mixture of period dark polished wood tables, captains chairs, half panelled tongue and groove
fitted seating, and in common with the whole pub is an absolute “riot” of sparkling bric-a-brac, memorabilia and curiosities. A “pub piano” lies to one side and in an adjacent
through room the ceiling is adorned with an amazing “SUNBURST”. CENTRAL BAR SEVERY is of T&G construction with polished bar counter with REAL ALE WICKETS and
Bright beer pumps. THE GAMES BAR (20) is of the same interesting design and provides for PUB GAMES such as SKITTLES and DARTS with SKY TV for sporting occasions.
LOWER BAR (30) has its own bar severy, linked to the other bar areas but being able to be separated from them (in conjunction with the dining area) is properly “county
pubie” with YORK SLABS, half panelled seating, dark polished wood tables, and a MASS of Bric-a-Brac. An INGLENOOK FIREPLACE with heavy beam above provides a further
focal point to this delight of an old INN.
DINING ROOM (35) has a fitted patterned carpet, fixed T&G seating and two panelled bow windows with views over the patio and gardens. An entrance lobby has lounge
seats and access to the LADIES & GENTS TOILETS, which are of high standard and fully tiled – did we mention the MAIN ENTRANCE DOOR with its original door furniture and
big hinges?
CATERING KITCHEN is centrally located and fully equipped with COMMERCIAL equipment and has full extraction fitted. BEER CELLAR is located for ease to the ground floor
and is fully chilled and has REAL ALE STILLAGES.
OWNERS HOME
The GENEROUS FULLY RESTORED FAMILY HOME is located to the first floor and comprises of 3 double bedrooms with 2 bathrooms, office and Kitchen Diner. It has a separate
entrance from its own PRIVATE GARDEN as well as access from the main pub. This provides a flexible arrangement to suit personal requirements.
EXTERNALS
A “GEM” in an already brimming CROWN the pub benefits from a patio to its pretty frontage (40) with 7 benches, hard surfaced car park (26) and concealed bin area. To its
rear the property really opens it heart with a grassed garden (200) with mature shrubs and trees, BBQ, Sporting equipment, secluded patio, picnic tables with umbrellas
(suitable for MARQUEE catering i.e. Weddings, Private functions etc.)
PREMISES LICENSES
The business is licensed to trade “Grandfather rights” from 11am until 11pm (10.30 Sunday) however only trades as follows Mon-Thurs 12am/3pm & 5pm/11pm then Friday,
Saturday & Sunday 12pm – 11pm. A Personal License will be required (our associate company can assist in this).
TENURE
The business is held on an assignable “favoured” WELLINGTON PUB CO lease of 20 years from Nov 2003 and has LANDLORD & TENANT ACT PROTECTION there for FULLY
RENEWABLE at no further premium and under no less favourable terms at its end – subject to L&T Act conditions. Current business rent is a reasonable and affordable
£49,083 pa and without review until 2018. The business is COMPLETELY FREE OF ALL PRODUCT TIES.
SERVICES
Mains Sewage, Electric, Water and Gas are connected with Central Heating by Gas. Business rates payable are £12,000 pa.
THE BUSINESS
This opportunity has arisen due to the pending retirement of our clients having owned the business since 2006 operated as a partnership. Sales over the past 4 years have
totalled £1,627,945 inc vat (average £406,000 inc vat p.a.) and returned a total of £698,906 in GP over the 4 year period. on a sales split of 65% Wet to 35% Dry. The
BARRELAGE is some 300 pa (288pts per brl) plus composite. With potentially huge barrelage discounts it would not be unreasonable for a business of this nature to return a
NET PROFIT of 30% of Net Sales which would indicate a figure close to £100,000 pa depending on the focus and structure of personal operators. The pub trades very much
as a “friendly local” being the favoured home of the village teams. Further focus on the food element of the business should see business grow and would predict that a
figure of above £500,000 plus is easily within reach.
WE ADVISE YOU TO SERIOUSLY CONSIDER THIS BUSINESS AND TAKE A LOOK TO APPRECIATE ITS TRUE POTENTIAL AND MAGNIFICENCE.
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 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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Country:
England
Region:
Northamptonshire
City:
Nether Heyford
Coordinates:
Latitude
52.221865
Longitude
-1.033596
PostCode
NN7 3LL
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