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High Trading Freehouse In Redditch For Sale

Redditch, Worcestershire, UK
Asking Price:
£35,000 Furniture / Fixtures included
Turnover:
£500K - £1M
Net Profit:
Available on request

High-trading freehouse in sought-after village location
Traditional bar (32)
Lounge bar/restaurant (54)
Excellent enclosed trade garden (partially covered) (50+)
Four-bedroom owners accommodation
Renowned dining venue, currently closed
To be let on a favorable free-of-tie private lease

The desirable, sought-after village of Feckenham stands in North Worcestershire, convenient to the Birmingham/West Midlands conurbation. It is some 4 miles southwest of the town of Redditch and 11 miles east of the Cathedral city of Worcester. The village stands on the renowned long-distance walk of the Monarch’s Way, which has a good level of hiking ‘traffic’ throughout the year.

The subject property, The Lygon Arms, has been much improved over recent years and now provides excellent bar and dining facilities as well as an outstanding trade garden. Due to its facilities and location, it has consistently been a high trading outlet, and in addition, it has a sizeable four-bedroom owners suite on first floor. It is now being offered to let on favourable free-of-tie terms from a private landlord. The property is briefly described as follows:

TRADE AREAS
A public bar with boarded floor and assorted contemporary seating throughout is able to cater for 32 customers seated. The room would at one time have been two smaller rooms and has been opened out to provide this good space, which includes two fireplaces, both with cast iron sold fuel burners installed. It has a counter from the CENTRAL BAR SERVERY.

There is a two-section lounge/restaurant, the lounge area having a vaulted ceiling, a boarded floor, a counter from the central bar servery, and assorted seating. Access is through the main restaurant, which has a conservatory feel with extensive glazing on two sides and double door access onto the rear terrace garden. This room again has a boarded floor, emulsion-beamed effect walls, and contemporary dining chairs and tables that are currently arranged for 38 diners but could seat more.

The catering kitchen is of good size and is well equipped with a comprehensive selection of stainless steel catering effects and work surfaces. The kitchen has its own WASH-UP and PREPARATION area.

There is a service building adjacent, which is covered and houses a large walk-in cold room.

Off the inner hallway is a set of LADIES’, GENTLEMEN’S and DISABLED CUSTOMER TOILETS.

At basement level is a BEER CELLAR with delivery access from the front of the premises.

OWNERS ACCOMMODATION
Located on first floor and consisting of:
Good-size domestic LOUNGE
KITCHEN with fitted units
4 BEDROOMS: 3 DOUBLES and 1 SINGLE
FAMILY BATHROOM with suite of wash hand basin, WC, and bath (with shower over).

EXTERNAL
Trade Garden, which is a feature of the pub, a good deal of which is covered and has direct access from the main restaurant,. It is stone-paved throughout and enclosed with antique brick walls and partial Perspex screens, giving it a very protected feel, almost like an ‘inside room out’. There are contemporary tables and chairs currently arranged for up to 50 customers, but they could seat more with further seating.

A feature of this area is the outside fireplace with raised hearth and exposed brick chimney stack.

Hardstanding car park to the side and rear of the property with space for 30 vehicles.

Property Information

Property:

Leasehold

Leasehold Type:
New
Lease Terms:

LEASEHOLD £35,000 PRICE to include goodwill, fixtures and fittings. Stock at valuation in addition.
LEASEHOLD: £35,000 to include fixtures and fittings. Stock at valuation in addition.
TERM:Six years
LANDLORD & TENANT ACT 1954: Inside Part II Landlord & Tenant Act 1954
ASSIGNABILITY: Fully assignable subject to Landlord’s consent
BOND: A bond equivalent to 3 months’ rent in advance
RENT: £40,000 per annum, paid monthly in advance
RENT REVIEW: Subject to rent reviews every third year of the term
REPAIR LIABILITY: Part repairing and insuring lease agreement. This is not a full repairing and insuring lease with the freeholder retaining responsibility for the structure of the building. The lessee will be responsible for internal maintenance, repair and decoration as well as the decorative condition of the exterior of the property
TIE: Free of all trade ties
INSURANCE: The Landlord will insure the building, the cost of which will be charged to the Tenant by way of an Insurance Rent
VAT: VAT will not be payable on the Premium and rental payments

Leasehold Rent:

£40,000 per annum

Living Accommodation:

OWNERS ACCOMMODATION
Located at first floor and consisting of:
Good size domestic LOUNGE
KITCHEN with fitted units
4 BEDROOMS – 3 DOUBLE and 1 SINGLE
FAMILY BATHROOM with suite of wash hand basin, WC and bath (with shower over).

Location:

The desirable, sought after village of Feckenham stands in North Worcestershire, convenient to the Birmingham/West Midlands conurbation. It is some 4 miles southwest of the town of Redditch and 11 miles east of the Cathedral city of Worcester. The village stands on the renowned long distance walk of the Monarch’s Way which has a good level of hiking ‘traffic’ throughout the year.

The subject property, The Lygon Arms, has been much improved over recent years and now provides excellent bar and dining facilities as well as an outstanding trade garden. Due to its facilities and location it has consistently been a high trading outlet, and in addition has a sizeable four bedroom owners suite at first floor. It is now being offered to let on favourable free-of-tie terms from a private landlord. The property is briefly described as follows:

Premises Details:

TRADE AREAS
PUBLIC BAR with boarded floor and assorted contemporary seating throughout able to cater for 32 customers seated. The room would at one time have been two smaller rooms and has been opened out to provide this good space which includes two fireplaces, both with cast iron sold fuel burners installed. It has a counter from the CENTRAL BAR SERVERY.

There is a two section LOUNGE/RESTAURANT, the lounge area having vaulted ceiling, a boarded floor, counter from central bar servery and assorted seating for. Access through to the main RESTAURANT which has a conservatory feel with extensive glazing on two sides and double door access onto rear TRADE GARDEN. This room again has a boarded floor, emulsion beamed effect walls and contemporary dining chairs and tables currently arranged for 38 diners but could seat more.

CATERING KITCHEN is of a good size and is well equipped with a comprehensive selection of stainless steel catering effects and work surfaces. The kitchen has its own WASH-UP and PREPARATION area.

There is a SERVICE COMPOUND adjacent which is covered and houses a large WALK-IN COLD ROOM.

Off the inner hallway is a set of LADIES’, GENTLEMEN’S and DISABLED CUSTOMER TOILETS.

At basement level is a BEER CELLAR with delivery access from the front of the premises.

EXTERNAL
TRADE GARDEN which is a feature of the pub, a good deal of which is covered and has direct access from the main restaurant. It is stone paved throughout and is enclosed with antique brick walls and partial Perspex screens giving a very protected feel, almost an ‘inside room out’. There are contemporary tables and chairs currently arranged for up to 50 customers, but again could seat more with further seating.

A feature of this area is the outside fireplace with raised hearth and exposed brick chimney stack.

Hardstanding CAR PARK to the side and rear of the property with space for 30 vehicles.