under offer
under offer
tenancy
Larkhall Lane, Harpole, Northampton, Northamptonshire NN7 4DP, UK
Approx. Total Ingoings
£11,000Annual Rent
£20,000The Live & Let Live is in the pretty village of Harpole just on the outskirts of Northampton. Now the only pub in the village with a population of 1,500 and growing, the pub offers a contemporary and stylish décor throughout with further investment planned to refresh. The pub is open plan trading, beautiful traditional exposed beams across the low ceilings, with 60 covers. Externally the pub can accommodate 45 covers creating the perfect location in the warmer months. This pub would be the perfect opportunity for someone looking to immerse themselves into the village life and to offer the locals a good selection of beers, wines, ales and pub food.
Private Accommodation: The private accommodation comprises of two double bedrooms, one single room that can be utilised as an office space, a large lounge and diner, a family bathroom, and a kitchen. The living accommodation is all in good condition and perfect for a family to move into.
Indoor trading area
The pub boasts one central bar that serves the 60-cover room. Whilst open plan, there is a natural divide between the trading areas, allowing separate areas for drinkers and diners. The pub is in good condition throughout with wooden floors, low ceilings, and exposed beams, however, will further benefit from investment plans to redecorate and modernise the decor.
Outdoor trading area
A well maintained, walled grass beer garden sits to the rear of the pub with space for 20 benches with a separate entrance into the car park, and rear access to separate street entrance. Additionally, there is a covered area patio with 25 further outside covers. To the front of the pub is a 12 space car park.
Regional Manager Comments
The Live & Let Live is a community village pub that attracts locals and the visitors to the village. The pub is close to the local school and is in the heart of the village. With the planned Stonegate investment to refresh internally and externally the pub has the potential to become a great family friendly business with the opportunity to grow the food offer. The new publican will want to be part of the village community and embrace village life. The business would be ideally suited to an experienced publican or new to the industry looking to create a 'good quality mainstream' village pub offer.
Retail Partnership Tenancy
Beer Garden Private Accommodation Kitchen Parking Cask Ale Restaurant/Food
Approx. Total Ingoings
£11,000
Annual Rent
£20,000
Potential Turnover: £275,000 per annum
This is an estimate of the potential annual turnover of the pub business. It does not include the financial benefits of any living accommodation, which you will need to consider.
Guide Rent: £20,000 per annum, payable weekly in advance.
The Proposed Agreement: Retail Partnership Tenancy
The Landlord is prepared to discuss other Partnership agreements.
They will also discuss your purchasing options (Wines, spirits, cask, minerals and flavoured alcoholic beverages) which you can choose all, a combination or none. Tie release fees will apply.
Estimated Capital Start-up: £11,000 (excl VAT)
Often referred to as ingoings. Includes stock & glassware at valuation, deposit, refundable at the end of your agreement dependent upon your account being in good order. Up to 2 weeks rent and other contractual charges will be payable in advance. Please note, the actual deposit payable will be 25% of the final agreed rent.
In addition you will need to provide funds for professional advice and a level of working capital - the amount will be dependent on your business plan.
Estimated Fixtures and Fittings Value: £15,000 (excl VAT)
To be discussed with the Regional Manager.
MISREPRESENTATION ACT 1967
My Hospitality Solutions Ltd advises that the contents of these particulars are believed to be correct and Lessees should satisfy themselves that they are accurate.
The information and images displayed about the properties advertised comprise a property advertisement only. My Hospitality Solutions Ltd is not liable for the accuracy or completeness of the advertisement or any linked or associated information and My Hospitality Solutions Limited has no control over the content.
Originally formed in 2010 with 333 pubs, Stonegate Group is now the largest pub company in the UK following 12 major acquisitions. Our vast portfolio is now home to over 4,500 sites which range from Leased & Tenanted to Managed. We strongly believe that the pub is at the heart of British culture and we strive to deliver a fantastic customer experience.
