This highly desirable and fully refurbished Private Free of Tie Leasehold Village Inn & Restaurant with Letting Bedrooms is located in the heart of Chaddleworth. Chaddleworth is a village and civil parish in Berkshire, it lies below the southern slopes of the Berkshire Downs, just east of the A338 road which runs between Hungerford and Wantage.
The village benefits from a Primary School and a full time resident community. Chaddleworth is home to a few major private houses including Chaddleworth House which adjoins the village church, Woolley House, Oak Ash House and the Old Priory and is in close proximity to West Berkshire Golf Club.
The M4 motorway is only a 10 minute drive away.
This beautifully presented and recently extended Brick Built Inn & Restaurant is built of brick construction and sits under a range of tiled and flat roofs and occupies an excellent position within this Berkshire village.
The Lounge Bar (circa 30) is a room full of character being the old part of the original building and benefitting from quarry tiled flooring, log burning fireplace, bar servery, and beamed ceilings.
The Restaurant (circa 40) has been recently created over the last 3 years and is an excellent addition to the property offering solid wood floors, bar servery, beams and doors to the lovely trade gardens.
There is a further room that has been a Village Shop in the past and offers potential for a further dining area or other opportunities.
Ladies & Gents W.C’s
There is a good size and very well equipped Commercial Catering Kitchen with stainless steel appliances (not tested).
The Lower Ground Floor Cellar has a python system and coolers.
Located on the 1st Floor and briefly comprises: Two Double Bedrooms, Lounge with fireplace, Fully Fitted Kitchen and Bathroom.
On the 1st Floor and offering its own separate entrance are Two Double En-Suite Letting Bedrooms that are offered in excellent condition and were created as part of the full refurbishment in 2016.
This property and business offers a Very Pleasant Patio Terrace Area (circa 25) to the rear of the building along with a Large and Enclosed Lawned Beer Garden for (c50) customers.
Also, to the side is a Car Park for 20 cars.
We are advised that the business trades with the benefit of the Premises Licence (not seen) which permits the sale of alcohol during the hours of:
Sun - Thurs 10am – 00.30am
Fri – Sat 10am – 1.30am
Current opening hours are:
Monday 6pm – 11pm
Tues – Fri Midday – 3pm, 5pm – 11pm
Sat – Sun Midday – 11pm
NB. Important: Prospective purchasers wishing to continue to operate the public house should ensure that they gain the APLH Qualification in readiness for their intended operation of the Public House.
The property and business is being offered for sale as a new highly favourable 10 year Private FRI Lease Agreement as follows:
1. The asking price will be £19,950.
2. The initial rent will be £16k per annum.
3. The annual rental is simply RPI linked to inflation every 3 years, hence no market rent reviews.
4. Rent payable monthly in advance.
5. Lease assignable after initial 2 year period.
6. Free of all brewery and supply ties.
7. Each party responsible for own legal costs relating to the transaction.
8. Deposit equivalent of 3 months rent.
We are advised that at the end of the term the Lease (not seen by Guy Simmonds) should be renewable with no further premium subject to the provision of the Landlord & Tenant Act 1954.
The property offers LPG and all other mains services along with being heated with gas central heating (no services tested). Business rates payable are advised as being £Nil per annum.
Our vendor clients purchased the property in 2013 and following a full refurbishment along with a large extension the business re-opened in 2016 under a short term tenancy agreement. Our vendors are now looking to offer a lucrative ‘free of tie’ lease agreement with a low rent.
New owner operators will benefit from a beautifully presented Village Inn offering considerable scope to increase trade and put their own stamp on the business.
We are advised turnover has been averaging £5,000 pw (inc VAT) on a trade split of 70% wet and 30% dry.
The property was viewed by Marc Blackford who would be delighted to discuss further details and can be contacted on 07812 753014
Viewing appointments must be made via Guy Simmonds on 01332 865112.
Details prepared: Oct 2019