38 High Street, Ixworth, Bury St Edmunds, Suffolk, IP31 2HH
Historic coaching inn with 5 en-suite letting rooms, 45+ dining covers plus a large courtyard! Car park for up to 20 spaces, 2 lovely open fireplaces – 1 in each bar. Large function room with bar – this area has had planning permission to turn into 5 additional en-suite letting rooms which Greene King would be keen to do with the right investor/operator.
The Pykkerell is a large coaching inn with lots of character and all the facilities that a quality operator would be looking for to create a fantastic destination business as well as a great pub for the local community. The site currently enjoys good occupancy from the 5 letting rooms used by business people in the week as well as walkers/ramblers enjoying exploring the countryside at weekends. Greene King would be willing to invest with the right operator to create more letting rooms.
** The Pykkerell also has opportunity for a discounted 51 week agreement where the fixtures and fittings can be rented.
5 En-suite letting rooms in good order achieving good occupancy (3 doubles, 2 twins). Office/laundry room. Public bar with 18 covers. Restaurant with 30 covers. Large courtyard with 12 tables able to seat 70-80 people in the summer! Car park for up to 30 spaces. Grade 2 listed barn with storage. 4 additional cow shed barns used for utility area and storage. Basement cellar. Good size kitchen 2 lovely open fireplaces – 1 in each bar . Large function room with bar – this area has planning permission to turn into 5 additional en-suite letting rooms which Greene King would be keen to do with the right investor/operator.
|Car park spaces||30|
|Rooms to let||5|
This site is a one bed flat with a lounge, bathroom with bath and shower, toilet and kitchen. This would be suitable for a manager.
|Annual rent||£44,000 per annum|
|Weekly rent||£846.15 per week fixed|
£40,000 per annum, £769.23 per week fixed and subject to annual RPI increase, which is capped. Paid weekly by direct debit.
Entry costs approx £18,800 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). *Please note that the F&F is still to be confirmed however an assisted purchase may be available*
|Fixtures & fittings||£0||Working capital||£5,000|
|Other costs||£6,150||Total entry cost||£18,800|
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)|
Ixworth is a village and civil parish in the Borough of St Edmundsbury in the county of Suffolk. It is 6 miles (9.7 km) north-east of Bury St Edmunds and 9 miles (14 km) south-east of Thetford on the A143 road to Diss. The parish has a population of 2,177. St Mary's Church lies just west of High Street. The church dates from the late 14th century with a late 15th century tower.The village contains a number of other listed buildings, many on the High Street, some of which have medieval elements. A variety of local services remain in the village, including shops, a post office as well as a village hall, doctor's surgery, and a retained fire station and police station sharing the same building.
Ixworth is served by rural bus routes and is on the National Express London to Great Yarmouth coach route.
As well as being the largest of the 2 pubs in the village, a lot of trade for the Pykkerell comes from the surrounding villages such as – Troston, Bardwell, Stanton, Fakenham Magna, Ixworth Thorpe, Pakenham. The site also benefits from events held locally at Euston House, home of the Duke of Grafham.
There are large groups of walkers and ramblers at the weekend – the long and short Pakenham walk is very popular. The site also benefits from trade from Honington Air Base which is just 4 miles away