Lower High Street, Chipping Campden, Gloucestershire, GL55 6AS
A rare opportunity for a pub of this quality to come on the market in this highly desirable location on a lease transfer.
The pub is available on a lease transfer from the current lessee.There are 4 years left on the current lease and there is an opportunity to extend this with the right partner.
The pub benefits from 2 bars/5 letting rooms and 2 good sized managers flats.The pub has car parking for 7 cars and a large beer garden/patio.
YOU WILL HAVE TO CONTACT THE TENANT DIRECT TO DISCUSS PURCHASING THE LEASE
CONTACT: Tracy Lloyd - 01386 840760
Operator profit/turnover can be discussed with tenant.
Two bars downstairs, 1 x upstairs drinking/dining area,5 letting rooms, large garden/patio.
|Car park spaces||7|
|Rooms to let||5|
2 x large separate flats.
|Annual rent||£47,000 per annum|
|Weekly rent||£903.85 per week fixed|
£47,000 per annum, £903.85 per week fixed and subject to annual RPI increase, which is capped. Paid weekly by direct debit.
Entry costs approx £77,820 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). Costs include a £60,000.00 premium for the lease. A lease extension on the current agreement can be negotiated.
|Fixtures & fittings||£0||Working capital||£10,000|
|Other costs||£60,000||Total entry cost||£77,820|
THIS IS A LEASE TRANSFER
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)|
Chipping Campden is a small market town in the Cotswold district of Gloucestershire, England. It is notable for its elegant terraced High Street, dating from the 14th century to the 17th century, the same element is found in other towns such as Chipping Norton, Chipping Sodbury and Chipping (now High) Wycombe.
A rich wool trading centre in the Middle Ages, Chipping Campden enjoyed the patronage of wealthy wool merchants, most notably William Greville (d.1401). Today it is a popular Cotswold tourist destination with old inns, hotels, specialist shops and restaurants. The High Street is lined with honey-coloured limestone buildings, built from the mellow locally quarried oolitic limestone known as Cotswold stone, and boasts a wealth of fine vernacular architecture. At its centre stands the Market Hall with its splendid arches, built in 1627.
Other attractions include the grand early perpendicular wool church of St James – with its medieval altar frontals (c.1500). The town falls in 'Campden-Vale' electoral ward. This ward stretches north from Chipping Campden to Mickleton. The total ward population taken at the 2011 census was 5,888. In Local Government Chipping Campden is represented by a Town Council of 11 Councillors. One Councillor is selected to serve as Mayor for a term of 12 Months. Chipping Campden Council meets on the second Tuesday of Every Month in Chipping Campden Town Hall. All Council Meeting are open to the public with time set aside for public questions.
There are proposals for new stations at Withington and Chipping Campden on the Cotswold Line. A long-standing proposal for a new station at Worcester (Norton) Parkway where the line crosses the Birmingham and Bristol Railway has now substantial funding. The plans and proposals are now available on Worcestershire County Council website and the public consultation period has begun.