Pub/bar to let in The Hill, Middleton, Market Harborough LE16

£27,500 pa (£529 pw)
Interested in this property? Call +44 1780 673903 * or Request Details

* Calls to this number will be recorded for quality, compliance and training purposes.

Pub/bar to let
Deposit required: Not available Council tax band: Not available

Property features

  • Former Restaurant To Let
  • Multiple Ground Floor Trading Areas
  • Car Parking
  • Owners Accommodation
  • Potential Letting Bedrooms
  • Available Immediately
  • Substantial Trade Garden To Rear

Property description

Red Lion at Middleton for Lease 20 year lta 54 Lease

Location & Area

The Village of Middleton is near two other villages, Cottingham, and East Carlton, benefitting from the popular East Carlton Park, set just off the main A427 between Corby and Market Harborough on the Leicestershire and Northamptonshire border. Good road access to the A14 from Kettering and M1 via Lutterworth. Rail travel to London Kings Cross from Kettering circa 1hour.

Property Description

The property is a 2-storey detached former restaurant property with ground floor public trading areas, and first floor owners’ accommodation. The upper floors are midway through renovation with some rooms partly converted into letting bedrooms.
There is a substantial garden to the rear with some parking to the front.

Accomodation

Ground floor areas are generally open but sectioned to provide as follows: -
* Dining area - circa 30 covers
* Bar area
* Lounge area
* Further restaurant area
Central bar servery, with catering kitchen and preparation kitchen.
The ladies and gent’s w/c's are in good condition
Basement cellar
First floor offers: -
6 bedrooms with partial en suites fitted, further capital required to install bathrooms, carpets, heating, lighting, and furnishings.

Services

We are advised that all main services are connected to the property. These services have not been inspected or tested by this agent.

Terms

Offered to let on a new lease based on a 20-year term on fully repairing and insuring terms.
Rental is set at £27,500 pax with annual rpi index linked reviews. Capped and collar 2.5% and 5%.
The business will be free of tie-on drinks and machine income.
3 months’ rent deposit
Maybe suitable for public house or alternative community uses subject to obtaining the necessary consents.

Rates

The current rateable value of the property according to the valuation office agency website is £10,250. Interested parties should seek advice from the relevant billing authority, which is Corby Borough Council.

Vat

VAT will be chargeable on the Rent and on any Service charges and Landlords Insurance contributions required.

Legal Costs

The ingoing tenant will have to contribute £1500 towards the landlord’s lease drafting and legal fees.

Parking

Car parking to the front of the property for up to 7 cars off road.

Viewings

Strictly by appointment with the vendors sole selling agents. Tel: Email You are recommended to contact us in the first instance prior to visiting the property even for an informal viewing.

Finance

An early discussion about finance can often save time and disappointment, talk to LLH Solutions about securing independent financial advice from one of our solution partners.

Property info

Arrange Viewing

For more information about this property, please contact
LLH Solutions, LE15 on +44 1780 673903 * (local rate)

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Disclaimer

Property descriptions and related information displayed on this page, with the exclusion of Running Costs data, are marketing materials provided by LLH Solutions, and do not constitute property particulars. Please contact LLH Solutions for full details and further information. The Running Costs data displayed on this page are provided by PrimeLocation to give an indication of potential running costs based on various data sources. PrimeLocation does not warrant or accept any responsibility for the accuracy or completeness of the property descriptions, related information or Running Costs data provided here.

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