Three Tuns

6 High Street, Ashwell, Baldock, Hertfordshire, SG7 5NL

STUNNING PREMIUM SITE WITH LETTING ROOMS!

The Three Tuns is an AA Rosette awarded, Good Pub Guide listed, red-brick inn with guest rooms in the affluent north Hertfordshire village of Ashwell. The AA website describes the pub as "refreshing informality, with bare tables on bare floors against blue and white walls, plus a garden terrace. Modern British pub food interspersed with old favourites is the order of the day". The Three Tuns is a premium site in great condition. This rare opportunity is awaiting a fresh approach from a top-quality operator. Located in the heart of Ashwell the Three Tuns is famous for its hospitable atmosphere, great food, fine ale and wine selection. The Three Tuns also offers 3 star rated letting rooms, a large garden, terrace and great car parking. This site is just right for a premium food operator to move it to the next level and distinguish itself from the competition.

Location

The Three Tuns is an AA Rosette awarded, Good Pub Guide listed, red-brick inn with guest rooms in the affluent north Hertfordshire village of Ashwell. The AA website describes the pub as "refreshing informality, with bare tables on bare floors against blue and white walls, plus a garden terrace. Modern British pub food interspersed with old favourites is the order of the day". The Three Tuns is a premium site in great condition. This rare opportunity is awaiting a fresh approach from a top-quality operator. Located in the heart of Ashwell the Three Tuns is famous for its hospitable atmosphere, great food, fine ale and wine selection. The Three Tuns also offers 3 star rated letting rooms, a large garden, terrace and great car parking. This site is just right for a premium food operator to move it to the next level and distinguish itself from the competition.

Business Information

Annual rent

£45,000

Weekly rent

£865

Entry costs

£58,045

Turnover royalty

n/a

Forecasted Operator Turnover

£482,444

Forecasted Operator Profit (inc machine profit)

£37,346

Forecasted Operator Machine Profit

£0

Average Beer & Cider Discount*

£0

Type of Tie

Free of Tie: All products

Agreement

STANDARD LEASE AGREEMENT This is a fully repairing and insuring (FRI) Lease Agreement. It is designed for experienced Licensees and requires a higher amount of investment than our other Agreements. FEATURES • The Agreement term is for a minimum of 10 years with option to increase in 5 year periods up to 25 years. • Fully protected under the Landlord and Tenant Act 1954 with right of renewal • The Lease can be assigned after 2 years (subject to our approval). • Tie variations are available. • Flexible discounts and pricing available. • Gaming machines are supplied through Greene King on a 50/50 profit split. • Full purchase of the Inventory (Fixtures & Fittings) is required at the start of the Agreement. • Rent is subject to five yearly open market rent reviews and is also subject to the annual Retail Price Index (RPI) which is capped. • A deposit of 25% of the annual rent (minimum £6,000) is required. • The lessee will be fully responsible for both internal and external repairs to the building.

Entry costs approximately £58,045.00, which includes stock, glassware, crockery, cutlery, fuel and cleaning materials, legal, brokers and stocktaking fees, training fees, schedule of condition, working capital and deposit which is 25% of head rent. Fixtures and Fittings are valued at approximately £30,000 and the final valuation will be confirmed on change day. An assisted purchase of F&F may be available with a 25% deposit on change day and weekly re payments to purchase the remaining 75% over an agreed period

Deposit

£15,000

Fixtures & Fittings

£30,000

Legal Admin Fee

£995

Broker Fee

£750

Stocktaking Fee

£150

Working Capital

£7,000

Other Costs

£4,150

Total Entry Costs

£58,045

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 87 349 5,249
2017/18 79 591 4,665
2016/17 78 39 3,697

There is a traditional lounge bar with up to forty covers and an open fireplace offering a comfortable welcoming feel. There is also a separate forty(max) cover dining room, which is currently being used as a public bar. Additionally, there is large function area/restaurant with circa forty covers. There are toilets located off of both the public and lounge bars. The letting rooms comprise six well specified and recently refurbished rooms, of which four are en-suite. Currently three rooms are for letting, two for staff accommodation and one unoccupied, so there is a potential to increase the letting rooms. There is a fully equipped trade kitchen (including walk in fridge), large basement cellar, prep room, storeroom, office and substantial outbuildings. All areas of the trade accommodation are very well presented, in excellent condition. Externally there is a large garden with a child's play area, a good-sized patio with thirty covers and car parking for fifteen cars, ample roadside parking also exists.

Trade Bars

Yes

Trade Dining Areas

Yes

Trade Kitchens

Yes

Trade Food Covers

150

Trade Gardens

Yes

Trade Patio Areas

Yes

Trade Rooms to Let

6

Meeting Rooms

No

External Child Play Areas

Yes

Function Rooms

Yes

Customer Car Park Spaces

15

Current Premises License Opening Hours

Mon - Thu: 07.00 - 24.00
Fri - Sat: 07.00 - 01.00
Sun: 08.00 - 00.00

There is a bedsit, alongside staff acommodation so there is the potential to extend.

Private Rooms

7

Lounge

Yes

Dining Rooms

0

Double Bedrooms

1

Single Bedrooms

1

Bathrooms

1

Toilets

1

Private Kitchens

0

Offices

1

Bedsits

1

BDM Portrait

I am looking for a quality operator or individual who understands the traditional values behind great quality real ale, wines, food and service. This stunning Pub has a reputation for all the above and needs a new lease of life. Pubs like this do not come on the market very often and we expect a lot of interest. If you are interested in this Pub, do not hesitate to contact the recruitment team for further information

Mark Horton, Business Development Manager

Apply for this property

The Pub Partners team at Greene King is here to help you make the right decisions about starting your own pub business.