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HIGHLY DELIGHTFUL AND VERY WELL PRESENTED PRIVATELY OWNED ‘FREE OF TIE’ RURAL INN LOCATED IN THE AFFLUENT SOUGHT-AFTER BEDFORDSHIRE VILLAGE OF SOULDROP

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  • A delightful welcoming and pretty village sitting close to the Northants border betwixt Bedford and Kettering close to Rushden Lakes and surrounded by many other highly affluent villages.
  • Bar (circa 30+ plus standing) with exposed wooden ceiling and wall beams, exposed brickwork, Inglenook seating area and 5 cask ales on offer.
  • Garden Room (circa 16 covers) with delightful décor and access to the beautiful rear al fresco garden.
  • Snug area with comfy settees and chairs and exposed opened stone-built Inglenook fireplace & log burner.
  • Restaurant (circa 20 covers) with feature exposed opened stone-built Inglenook fireplace & log burner.
  • Spacious grassed Al Fresco garden area (circa 100+) with covered heated pergola, pizza and BBQ area : Outbuildings : Patron’s car park.
  • Fully equipped commercial catering kitchen.
  • Delightful 2-bedroom owners’ accommodation.
  • Advised turnover since re-opening post pandemic circa £5,000 (inc VAT) per week.
  • Trade split: 60% Food sales : 40% Wet sales.
  • Attractive totally ‘Free of Tie’ and privately owned renewable lease with circa 21 years remaining.
  • Property extensively renovated during lockdown and decorated throughout – internally & externally.
AN EXCELLENT OPPORTUNITY TO ACQUIRE A STUNNING PROPERTY AND BUSINESS OFFERING FURTHER UNTAPPED POTENTIAL

ASKING PRICE £49,950 LEASEHOLD TO INCLUDE FIXTURES & FITTINGS, GOODWILL, EXCLUDING S.A.V.

Location

This delightful inn is located in the affluent sought-after Bedfordshire village of Souldrop sitting close to the Northants border. Surrounded by other affluent pretty villages and with schools and shops only a couple of miles away make this area an enviable place to live. Souldrop is positioned between Bedford and Kettering however Northampton, Milton Keynes and Peterborough are all within easy reach. Nearby points of interest include Rushden Lakes (Northants Premier shopping and leisure destination), Rockingham Forest and Stanwick Lakes. The nearby motorway networks include the A6, A14 and A1 all providing easy access through and around the county and surrounding areas.

THE PROPERTY

The property is of rendered stone and brick construction and sits under a pitched tiled apex roof with a flat roof to the side. Entrance porches to the front, side and rear provide access to all the trading areas. These consist of:

Bar (circa 30+ plus standing) is a delightful T-shaped room with a warm and welcoming atmosphere. Loose wooden tables, chairs and high stools are complimented by leather upholstered settees all sitting on a solid oak floor. Exposed wooden beams to the ceiling and walls and hanging chandeliers look down on an exposed brick-built fireplace to one end while to the other is a fabulous Inglenook fireplace that has been converted into a cosy feature seating area. There is a wooden bar server with 5 cask ales on offer to service the whole trading area and also a darts throw, HDTV, skittle table and juke box.

Garden Room (circa 16) leads off from the bar with leather upholstered perimeter bench seating either side, 2 long tables and quirky eye-catching décor. This room also provides access to the delightful rear al fresco garden via French doors and able to be used for small private parties if required.

Restaurant & Snug (20 covers and 7 covers respectively) sit to the front of the property away from the bar area and have a chilled and relaxing atmosphere. The areas have oak flooring and are set either side of a stunning exposed stone built and opened through Inglenook fireplace with built in central log burner. The snug area has exposed wooden beams to the walls and loose settees, armchairs and tub chairs with 2 low wooden tables creating a lovely place to sit and relax pre dining. The restaurant itself sits the other side of the opened Inglenook and has loose wooden tables and chairs able to be laid out as desired. Ladies and Gents W.C.’s.

There is a fully equipped commercial catering Kitchen with stainless-steel appliances and surfaces (appliances not tested). Separate fridge/freezer storage, dry goods and coffee prep areas are all close by. There is also a Ground Floor Cellar with 8 cask racks, python, remote and pumps etc.

OWNERS ACCOMMODATION

The owner’s accommodation has private access and is situated on the 1st floor. This briefly comprises of: 2 double bedrooms, Lounge and bathroom. There is also a small private yard and wooden storage shed.

EXTERNAL

To the rear of the property is a spacious enclosed grassed al fresco garden area (circa 100+) with wooden picnic benches and a brick-built pizza oven and BBQ area. There is a covered heated pergola set on a slabbed terrace with further wooden benches, attractive barrel chairs and colourful planters. To the side is the patron’s car park with space for circa 30+ cars and 2 outbuildings that offer potential for alternative use but currently used for storage purposes (STPP). To the front of the property is a further small grassed garden area.

TRADING HOURS

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:

Mon- Sat 11am to midnight

Sunday 12noon to midnight

Current opening hours are:

Mon/Tues Closed

Weds – Fri 12noon/3pm, 4pm/close

Saturday 12noon to close

Sunday 12noon to 9.30pm

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.;

GENERAL REMARKS

The business is offered for sale as a lease assignment with approximately 21 years remaining of the Privately owned full repairing and insuring, renewable agreement. We are advised that the inn is ‘totally free of tie on all products.’ We are informed that the rent is currently circa £36,000 per annum to be reviewed in 2024. We are also 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 landlord requires 6 months’ rent as security deposit as written in the lease agreement. We are advised that the inn benefits from an oil-fired heating system and uses propane gas for cooking (no services seen or tested). Business rates payable are advised as currently being circa £TBC per annum however are currently reduced through the pandemic concessions.

THE BUSINESS

The current owners purchased the business in May 2019 and have since created a popular business offering quality locally sourced home cooked food complimented by a selection of excellent cask ales, wines and drinks. These are all served to a loyal, repeat and desirable clientele attracted locally and also from the surrounding villages. The business is currently operated by our vendor clients assisted by circa 2 full time and circa 8 part time/casual members of staff. Unfortunately, due to personal circumstances our vendor clients are now looking to sell the business on. This rural food led business sits at the heart of the local community and plays host to pizza/gourmet burger nights, live music (mainly outdoors in the summer months), small parties and themed events.. Since re-opening post pandemic, we are advised weekly sales are in the region of circa £5,000 (inc VAT). New owners could continue to operate the business using the same formula or they may wish to take the business to the next level and beyond. In our opinion this could be achieved by taking advantage of extending the opening hours, the introduction of a new food menu, looking into possibly creating letting accommodation in the outbuildings (STPP) whilst adding further ideas from their business plan. This business would suit an operator(s) who have experience of working in a similar food led environment.

Limited accounting information will be made available to interested parties after viewing.

This business was viewed by Richard Fletcher who would be delighted to discuss further details and can be contacted on 07865 348375.

Viewing appointments can be made by emailing Guy Simmonds at sales@guysimmonds.co.uk or by contacting Richard Fletcher on 07865 348375.

All personal viewings undertaken must adhere to the evolving Covid-19 Government guidelines.

Details prepared October 2021.

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