Guide price
£18,500
(£18,500.00/sq. ft)
Pub/bar for saleMain Street, Newton CV23
1 sq. ft
Just added
Business
About this property
Ref: 96817
The Stag & Pheasant Inn is a quintessential English village pub which sits at the centre of Newton, Warwickshire, a sought-after residential village approximately three miles northeast of Rugby town centre. The population is thought to be in the region of 1,500 but ever increasing with further development planned. The village is popular due to its excellent road communication links, being just two miles off junction one of the M6 which links to all the major motorways within the Midlands region: The M1, M45, M69, A5 and A14.
The property enjoys much character having a thatched roof and being of brick construction to the original building, with a more modern brick extension to the rear with pitched roof. Offering a well planned and easy to operate trading area with catering kitchen. It is currently arranged as two separate flats, but with little reorganisation it could be configured to offer one large owner’s accommodation. It benefits from a large car park and private trade gardens.
The Stag & Pheasant Inn has been operated by the current owners since 2020 when the building underwent a thorough refurbishment and redecoration programme prior to opening. The property is presented in very good condition and will require minimal major maintenance for many years to come. Currently offering wet sales only on limited trading hours, but there is scope to introduce a food offering.
Trade areas
Front entrance to open plan lounge bar having considerable character with heavily beamed ceiling. Carpeted and part parquet wood floor. Brick chimney. Central wood panel fronted bar counter with wooden back bar fitting. A mixture of pub style tables and chairs for 50, with room for more standing.
Catering kitchen with a stainless steel extraction hood. Partially stainless steel clad walls, nonslip floor, and a selection of commercial catering effects and equipment. Still room/fridge store. Small office.
Ladies’ and gentlemen’s toilets.
On-level cellar.
Private accommodation
On the ground floor is a double bedroom, kitchenette and bathroom. On the first floor is a WC, store cupboard, bathroom, kitchenette, one large double bedroom and a lounge.
The private accommodation is currently arranged to offer a one bedroom flat at first floor and a studio flat at ground floor. It could also be configured to provide a ground floor lounge and kitchen, with three large bedrooms on the first floor.
External
Lawned trade garden with seating for up to 20. Smoking solution. Private garden. Lined tarmacadam car park with space for approximately 18 vehicles.
Leasehold: £18,500 to include goodwill, fixtures and fittings. Stock, glassware, loose catering effects and linen at valuation in addition.
Term: Six years.
Landlord & tenant act 1954: Inside Part II Landlord & Tenant Act 1954.
Assignability: Assignable subject to Landlord’s consent.
Bond: A bond equivalent to three months’ rent in advance.
Rent: £28,000 per annum, paid monthly in advance.
Rent review: Subject to rent reviews every third year of the term.
Repair liability: Part repairing and insuring lease. This is not a full repairing and insuring lease with the Landlord retaining responsibility for the structure of the building. The Tenant will be responsible for internal maintenance, repair and decoration as well as the decorative condition of the exterior of the property.
Tie: Free-of-tie.
Insurance: The Landlord will insure the building, the cost of which will be charged to the Tenant by way of an Insurance Rent.
VAT:VAT will not be payable on the Premium and rental payments.
No direct approach to be made to the business; please direct all communications through Sidney Phillips.
Viewing strictly by appointment only.
The property enjoys much character having a thatched roof and being of brick construction to the original building, with a more modern brick extension to the rear with pitched roof. Offering a well planned and easy to operate trading area with catering kitchen. It is currently arranged as two separate flats, but with little reorganisation it could be configured to offer one large owner’s accommodation. It benefits from a large car park and private trade gardens.
The Stag & Pheasant Inn has been operated by the current owners since 2020 when the building underwent a thorough refurbishment and redecoration programme prior to opening. The property is presented in very good condition and will require minimal major maintenance for many years to come. Currently offering wet sales only on limited trading hours, but there is scope to introduce a food offering.
Trade areas
Front entrance to open plan lounge bar having considerable character with heavily beamed ceiling. Carpeted and part parquet wood floor. Brick chimney. Central wood panel fronted bar counter with wooden back bar fitting. A mixture of pub style tables and chairs for 50, with room for more standing.
Catering kitchen with a stainless steel extraction hood. Partially stainless steel clad walls, nonslip floor, and a selection of commercial catering effects and equipment. Still room/fridge store. Small office.
Ladies’ and gentlemen’s toilets.
On-level cellar.
Private accommodation
On the ground floor is a double bedroom, kitchenette and bathroom. On the first floor is a WC, store cupboard, bathroom, kitchenette, one large double bedroom and a lounge.
The private accommodation is currently arranged to offer a one bedroom flat at first floor and a studio flat at ground floor. It could also be configured to provide a ground floor lounge and kitchen, with three large bedrooms on the first floor.
External
Lawned trade garden with seating for up to 20. Smoking solution. Private garden. Lined tarmacadam car park with space for approximately 18 vehicles.
Leasehold: £18,500 to include goodwill, fixtures and fittings. Stock, glassware, loose catering effects and linen at valuation in addition.
Term: Six years.
Landlord & tenant act 1954: Inside Part II Landlord & Tenant Act 1954.
Assignability: Assignable subject to Landlord’s consent.
Bond: A bond equivalent to three months’ rent in advance.
Rent: £28,000 per annum, paid monthly in advance.
Rent review: Subject to rent reviews every third year of the term.
Repair liability: Part repairing and insuring lease. This is not a full repairing and insuring lease with the Landlord retaining responsibility for the structure of the building. The Tenant will be responsible for internal maintenance, repair and decoration as well as the decorative condition of the exterior of the property.
Tie: Free-of-tie.
Insurance: The Landlord will insure the building, the cost of which will be charged to the Tenant by way of an Insurance Rent.
VAT:VAT will not be payable on the Premium and rental payments.
No direct approach to be made to the business; please direct all communications through Sidney Phillips.
Viewing strictly by appointment only.
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