Old Mill

London Road, Berkhamsted, Hertfordshire, HP4 2NB

A rare and unique proposition, this beautiful old Pub requires a new operator to bring it to life

The Old Mill is in a perfect setting, next to the Grand Union Canal and close to an affluent residential area. The building is sympathetic to its Georgian/Victorian heritage and has built a reputation for serving great food as well as a great pint. The menu is a modern take on classical British food and caters from breakfast through lunch and into the evening with legendary Sunday roasts providing a reason for customers to visit at weekends. There are 130 inside covers, so this is a large operation and you should ensure that food is a large part of your business plans. The current tenant has built a reputation for excellent, up-scale events that bring customers back to the business. There’s a private dining space inside and externally, the grounds are well maintained with plenty of additional covers and a large car park. The old mill-race comes right into the courtyard garden and the sound of water running over the weir makes a tranquil backdrop for a lazy summer’s drink. We are looking for an experienced operator to run this business, you would need to know how to take advantage of this pub’s superb location and ensure that there’s always something happening to interest locals and attract guests travelling from further afield.

Location

Business Information

Annual rent

£0

Weekly rent

£0

Entry costs

£0

Turnover royalty

%0

Forecasted Operator Turnover

£0

Forecasted Operator Profit (inc machine profit)

£0

Forecasted Operator Machine Profit

£0

Average Beer & Cider Discount*

TBC

Type of Tie

Full tie: Access to Discounted Wines, Spirits & Minerals Price List

Agreement

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

ALL ENTRY COSTS TO BE CONFIRMED

Deposit

£0

Fixtures & Fittings

£0

Legal Admin Fee

£0

Broker Fee

£0

Stocktaking Fee

£0

Working Capital

£0

Other Costs

£0

Total Entry Costs

£0

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.

Year Beer (Brls) Wine & Spirits (Ltrs) Minerals (Ltrs)
2018/19 134 1 1,088
2017/18 168 62 1,859
2016/17 170 1 4,186

The trading space is in excellent condition – every inch of space has been dedicated to making the most of the retail opportunity. Outside areas are equally well maintained and take full advantage of the pub’s unique location.

Trade Bars

Yes

Trade Dining Areas

Yes

Trade Kitchens

Yes

Trade Food Covers

130

Trade Gardens

Yes

Trade Patio Areas

Yes

Trade Rooms to Let

0

Meeting Rooms

No

External Child Play Areas

No

Function Rooms

Yes

Customer Car Park Spaces

34

Current Premises License Opening Hours

Sun - Thu: 09:00-00:01
Fri - Sat: 09:00 - 00:31

The private accommodation with this pub is very large although it could do with some updating.

Private Rooms

13

Lounge

No

Dining Rooms

0

Double Bedrooms

6

Single Bedrooms

1

Bathrooms

2

Toilets

2

Private Kitchens

1

Offices

1

Bedsits

0

BDM Portrait

The Old Mill is set in an amazing location with regular trade and an excellent reputation. This established business offers a great opportunity for an experienced operator to grab the bull by the horns and push onto the next level. This stunning old building is situated by a canal, main road and in an affluent area, so there is plenty of passing trade. The Old Mill is a really special Pub and we are keen to hear from you, if you think you have what it takes

Andrew Milne, Business Development Manager

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