2 West Brook End, Newton Longville, Milton Keynes, Buckinghamshire, MK17 0DF
A beautiful thatched roof pub in the heart of the affluent village of Newton Longville just outside Milton Keynes. The pub has undergone an extensive refurbishment in recent years and looks fantastic. This pub already has a strong level of trade and with the right operator could easily be pushed to the next level.
This 17th century detached character pub boasts oak beams and an open fire giving the pub a traditional feel. Greene King renewed the thatched roof last year. The pub is served by one bar, but split into different food areas over different levels. The pub also has a large garden to the front and side and a good sized gravel car park.
There are 90 covers in the site which include traditional pub areas and a more formal dining experience in the restaurant area. The business benefits from having over 12 years of established trade with many accolades to its name. Externally the site has a very large garden and a good sized car park to the side of the pub. This is a fantastic opportunity not to be missed and we expect a high level of interest in the site.
*Short term agreements available. Applicants will be considered with a minimum investment of £20,000.00.*
One bar serves the pub with different levels seving food, with the garden providing more space for eating outside. There is a large garden and car park.
|Car park spaces||20|
This is a lock up site currently with no domestic accommodation.
|Annual rent||£67,000 per annum|
|Weekly rent||£1,288.46 per week fixed|
£67,000 per annum, £1288.46 per week fixed and subject to annual RPI increase, which is capped. Paid weekly by direct debit. *Machine Income free of tie*
Entry costs approx £54,450 which includes fixtures and fittings, stock, glassware, crockery, cutlery, fuel and cleaning materials, legal, brokers and stocktaking fees, training fees, schedule of conditions, working capital and deposit (25% of head rent, minimum £6,000). *Short term agreements available. Applicants will be considered with a minimum investment of £20,000.00.*
|Fixtures & fittings||£30,000||Working capital||£10,000|
|Other costs||£6,800||Total entry cost||£54,450|
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)|
The premium food pub is just 2 miles from Milton Keynes and Bletchley Park, which attracts visitors all year round.