Leisure/hospitality for sale in The Black Horse, Main Street, Cold Ashby, Northampton NN6

Key Points

Description

Property comprises a detached public house constructed in brick under pitched tiled roof. The property benefits from a main bar and snug, new kitchen (under construction), living accommodation and a private car park and beer garden.

Location

The village of Cold Ashby is located approximately 16 miles west of Kettering via the A14 and 12 miles from Rugby to the west and Northampton to the south approximately 16 miles away, within the Daventry district of Northamptonshire

Terms

Freehold Sale with vacant Possession: Offers are to be invited in excess of £350,000 plus VAT (We are informed that VAT is applicable to 90% of the selling price for qualifying community organisations during 1st moratorium period).

To lease: £15,000 per annum (plus VAT if applicable). Based on a full repairing and insuring lease for a term of 25 years and subject to a premium payment of £50,000 (plus VAT if applicable) for fixtures and fittings, good will and contribution towards property renovation. The lease will contain 3 yearly upward only rent reviews to “Market Rent” or the rpi increase over the intervening period (whichever is the higher). Other terms including the size of rent-deposit required will depend on the applicant.

Note: Asset of community value - By virtue of a listing on the 12th of February 2021 on behalf of a local community group. Prospective purchasers or tenants should look into the implications of the Listing when considering the property.