Village pub To Let - Leicestershire LE16

Village pub To Let – Leicestershire LE16

To Let £27,500


  • LOCATION

  • The Village of Middleton is on close proximity to 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.

  • 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.

  • ACCOMMODATION

  • 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 gents 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. .

  • AMENITIES

  • The garden to the rear is enclosed and offers split level areas, to include patio area, garden area and children's play area. With side access to the front of the property and side bin storage area

  • SERVICES

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

  • OUTGOINGS

  • 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 Burrough 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 landlords lease drafting and legal fees.

  • PARKING NOTES

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

  • OTHER

  • Finance may be available through Independent Financial Brokers and P & F Commercial would be pleased to make an introduction for you. The Brokers are completely Independent and will offer confidential, unbiased advice regulated by the Financial Authorities. Please ask for further details.

  • VIEWING

  • Strictly by prior appointment via the sole agents P & F Commercial Tel: 01664 431330 or via email office@pandfcommercial.com


    Property Details

    • Reference: 10647
    • Type: Retail
    • Status: To Let

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