Hermit of Redcoats
Redcoats Green, Little Wymondley, Hitchin, Hertfordshire, SG4 7JR
Destination food pub, also very popular with locals, great facilities.
The Hermit of Redcoats is a very well presented destination food pub, in the picturesque Hertfordshire village of Little Wymondley. The site has great facilities, including an open fire in the bar area. As we head towards summer, it is a great opportunity to build upon this successful business and maximise it's summer potential. The pub is popular with locals, farmers, gaming shoots and has a good reputation for food.
There is a patio area to the front of the pub, ample parking and a great garden, which is crying out for summer dining and a strong programme of events for the local community.
The unusual name comes from the story of an interesting local character, James Lucas, who was known as the Hermit of Hertfordshire; a Victorian recluse who barricaded himself into his house and communicated only through an iron gate. its an interesting read.
Bar and restaurant, very traditional character decor as you would expect from a real country pub. There is a large garden and patio at the front of the pub. There is enough car parking for approximately 20 cars.
|Car park spaces||20|
In good condition, with the added benefit of a domestic kitchen.
|Annual rent||£48,000 per annum|
|Weekly rent||£923.08 per week fixed|
£48,000 per annum, £923.00 per week fixed and subject to annual RPI increase, which is capped. Paid weekly by direct debit.
Entry costs approx £37,150 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||£20,000||Working capital||£5,000|
|Other costs||£4,500||Total entry cost||£37,150|
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)|
Little Wymondley is a village situated between Hitchin and Stevenage in Hertfordshire, England. Only 12 miles from Luton Airport, which is a short distance from the A1 motorway and it is an easy 30 minute train journey from Hitchin to London.