383 Wellingborough Road, Northampton, Northamptonshire, NN1 4EY
A fantastic business that trades extremely well on both wet and food sales. Located close to the Town centre of Northampton.
The Abington is a great place to meet before heading into the town of Northampton, which is only a short ten minute walk away. The pub also benefits from being able to show live sports on the big HD screens in the designated sports room. Furthermore, if you wished to dine alfresco in the summer there are around 20 tables outside which cover the large patio area, with the dining area inside perfect for families big or small looking to enjoy a lovely meal together.
A very large floor area consisting of a large bar/drinking/dining area for approx.100 people, separate sports area, large beer garden and a trade kitchen.
A large private accommodation consisting of 5 bedrooms, an office, 2 bathrooms, a lounge and a domestic kitchen.
|Annual rent||£80,000 per annum|
|Weekly rent||£1,538.46 per week fixed|
£80,000 per annum, £1,538.47 per week fixed and subject to annual RPI increase, which is capped. Paid weekly by direct debit.
Entry costs approx £68,750 which includes fixtures and fittings, stock, glassware, crockery, cutlery, fuel and cleaning materials, legal, brokers and stocktaking fees, training fees, schedule of condition, working capital and deposit (25% of head rent, minimum £6,000).
|Fixtures & fittings||£50,000||Working capital||£10,000|
|Other costs||£1,100||Total entry cost||£68,750|
Standard Tenancy Agreement
A fixed 5 year term agreement which is contracted out of the Landlord and Tenant Act 1954
•Tie variations available
•Rent set at the start of the agreement, subject to the annual Retail Prices Index (RPI) which is capped
•Flexible pricing options available
•Greene King is responsible for the structure of the building
•Ability to end agreement with 6 months notice at any time with standard notice fee equal to 3 months rent
You will need to estimate the turnover you expect to achieve from the pub, with regard to food and accommodation (if applicable). Barrelage figures are given to assist you with calculations.
Calculators to help you are available on the business planning section of our website.
|Year||Beer (Brls)||Wine & spirits (Ltrs)||Minerals (Ltrs)|
Abington is a district of the town of Northampton, England, situated about 2 miles (3.2 km) east of the town centre. The population of the ward of Northampton Borough Council at the 2011 census was 9,668. The area known as Abington became part of the borough of Northampton in the late 19th century as the town expanded. Its close location to Abington Park causes this to be a highly sought-after residential area. Abington has often been described as "the Greenwich Village of Northampton.