57 Main Road, Biddenham, Bedford, Bedfordshire, MK40 4BD
A stunning thatched roof pub in the heart of the affluent village of Biddenham with a strong local following and a reputation for destination food. Open fires, large gardens and period character are just some of the charm of this fantastic pub.
A beautiful thatched roof pub in the affluent village of Biddenham, appealing to the local residents as a local pub whilst attracting those further afield as a destination food site.
The Three Tuns needs an operator that can service the needs of the local residents and ensure that this pub is at the heart of the community whilst still being able to drive the destination dining side of the business.
The site has two bars as well as a separate restaurant. In recent years the large garden has been invested in and is a real draw for the summer months.The site has recently hosted several events and weddings and this is an area that can be built upon. Potential investment would be considered with the right applicant.
The Three Tuns has a main bar at the front of the pub which serves as the local pub. To the rear is an additional bar area with a gas fire and a separate restaurant /function area. The large garden to the rear of the property has recently been invested in. There is also a smaller garden to the side that historically has held children's play equipment. The trade area is in good condition but we would look at potential investment opportunities with the right operator.
|Car park spaces||18|
|Child play areas||1|
The private accommodation is in fair condition but does require some modernisation. There is two main bedrooms and lounge as well as private bathroom.
|Annual rent||£55,000 per annum|
|Weekly rent||£1,057.69 per week fixed|
£55,000 per annum, £1.057.69 per week fixed and subject to annual RPI increase, which is capped. Paid weekly by direct debit.
Entry costs approx £21,150 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 and Fittings to be value but estimated cost is £20,000. £5,000 represents 25% deposit with the rest to be purchased using an assisted purchase agreement. Fixtures and Fittings can also be purchased outright.
|Fixtures & fittings||£5,000||Working capital||£5,000|
|Other costs||£3,500||Total entry cost||£21,150|
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)|
|Volume notes||Site has been free of tie for wines, minerals and spirits in the past so no volume figures are available.|
Biddenham is a beautiful village with an affluent demographic. The village is situated just 3 miles outside Bedford so there is a large catchment area for destination trade.