52 High Street, Hadleigh, Ipswich, Suffolk, IP7 5AL
The George is a lovely old listed coach house that enjoys a prominent position on Hadleigh High Street. There is Potential for investment here.
Rarely available, the George is an historic part of Hadleigh and offers the successful applicant the chance to add to the history books. The pub has a separate dining area with the main drinking space facing the high street. The ideal spot to watch the world go by. The rear of the property contains a large courtyard garden and car park.
The George is made up of a good sized drinkers area to the front of the pub. To the rear is a well proportioned dining area which leads directly into the kitchen. The outside consists of a large courtyard and parking area. Upstairs has a large function room and private accommodation areas.
|Car park spaces||20|
The private accommodation consists of 3 bedrooms, a bathroom, an office and a kitchen area. These could be converted into letting accommodation with the relevant permissions.
|Annual rent||£46,000 per annum|
|Weekly rent||£884.62 per week fixed|
£46,000.00 per annum, £884.62 per week fixed and subject to annual RPI increase, which is capped. Paid weekly by direct debit.
Entry costs approx £14,850 which includes 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). *Fixture and fittings are still to be valued*
|Fixtures & fittings||£0||Working capital||£6,000|
|Other costs||£1,200||Total entry cost||£14,850|
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)|
Hadleigh is an ancient market town and civil parish in South Suffolk, East Anglia. It is situated next to the River Brett, between the larger towns of Sudbury and Ipswich.