2 Station Road, Toddington, Dunstable, Bedfordshire, LU5 6BN
This is a fantastic investment opportunity in the heavy growth area of South Bedfordshire. The population is growing with government commitments to build thousands of new houses in the area over the next few years. The Griffin is also ideally positioned less than a mile from junction 13 of the M1.
The Griffin is situated in the large, affluent village of Toddington, Bedfordshire. It is next to the church and is the first pub you see as you drive just 2 minutes off the M1. The pub benefits from 6 letting bedrooms so the location is perfect for those who are stopping off for a visit or whilst on the road travelling. The Griffin also has a large garden with a play area and boasts over 100 covers inside including its own function room.
Furthermore, Greene King are investing over £200k in this site! The ideal candidate will be an experienced person who can demonstrate success in food, drinks and accommodation.
The pub benefits from one large bar area with a separate sports area, function room, dining room, letting rooms and good sized garden with play equipment.
|Car park spaces||40|
|Child play areas||1|
|Rooms to let||6|
This site's private accommodation is small and includes one double bedroom, a bathroom and a kitchen.
|Annual rent||£50,000 per annum plus 7.0% Turnover Royalty|
£50,000 per annum, £961.54 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 £43,300 which includes fixtures and fittings, stock, glassware, crockery, cutlery, fuel, 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||£20,000||Working capital||£6,000|
|Other costs||£3,150||Total entry cost||£43,300|
Our Turnover Agreement reflects how your business performs. You pay a fixed rent plus a percentage of your weekly net turnover sales.
• A 5 year, fixed term agreement, contracted out of the Landlord and Tenant Act 1954.
• Basic rent plus a Turnover Royalty percentage.
• Basic rent subject to capped annual changes in the Retail Price Index (RPI) only with no rent reviews.
• Flexible tie variations available.
• Discounted price list unique to the Turnover Agreement.
• Greene King is responsible for the structure of the building.
• Ability to end agreement with 6 months’ notice and payment of a Standard Notice Fee (3 months’ basic rent). Notice can be served
at any time.
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)|
|Volume notes||There is potential to drive a stronger wet volume.|
Toddington is a large village and civil parish in the county of Bedfordshire, England. It is located 5 miles from Luton, 4 miles north of Dunstable, 6 miles south west of Woburn and 35 miles from London on the A5120 and B579. Many of the population commute to London for work using the rail services. Toddington has experienced a rise in house prices due to its reputation as a quiet English village and the easy commute into London. There is a huge housing expansion planned over the next few years in South Bedfordshire and Toddington is located in the heart of this.