tenancy
Greenhill Rise, Corby, Northamptonshire NN18 0LR, UK
Approx. Total Ingoings
£5,600Annual Rent
£22,500A traditional community pub located in the centre of a residential suburb of Corby. The site has two separate trading rooms - a bar and a function room, both readily serviced by a walk-through server. The lounge can accommodate up to 100 people, whilst the locals bar can accommodate up to 50. There is a patio area to the front of the building, a large car park and an enclosed rear yard. The locals bar has a loyal following of regulars and offers televised sport as well as hosts darts and football teams. The function room is currently largely unused but has the potential to be an excellent function venue. The pub has an illustrious history as being one of the busiest pubs in Corby, and now seeks a skilled publican who is the focus of the local community and has the skill to continue to develop the business in both the bar and the function rooms.
Private Accommodation: Access to the private accommodation is available from the behind the bar server, and from the rear of the property. The accommodation is in excellent order and is ready to be moved into. The three bedrooms are of a good size and along with a kitchen and living room, would readily suit a family.
Indoor trading area
The main bar area is traditionally decorated throughout and offers a mix of fixed and loose seating for up to 50 covers. A pool table, darts boards and several TVs for live sports viewing provide entertainment for the loyal following of regulars including the games teams. Live music is offered occasionally as well as discos and karaoke. A walk-through bar servery links this main trading area to the large function room which can accommodate 150 covers. This space is very flexible and can be used for private functions or pub events. The mix of fixed and loose seating allows a flexible approach to the type and layout of function that is required. There is a small kitchen in place which is suitable for simple bar snacks and handheld food.
Outdoor trading area
There is a large patio to the front and side of the pub, with picnic benches for 20 covers and room for further benches if needed. The pub also boasts a large car park with space for approximately 30 vehicles.
Regional Manager Comments
The Hazel Tree is a legend in Corby, having been one of the busiest pubs in the town for many years. The pub has a loyal local following who are attracted to its entertainment offer of live music, discos, karaoke and sports viewing. Darts, pool, and football teams who play for the pub add further regular custom. The Hazel Tree offers an experienced publican the opportunity to benefit from the loyal local trade and develop the events at the site for further income. The ideal publican will know the area well and have the skills to develop the business in both the main bar area and the large function room.
Retail Partnership Tenancy
Live Music Beer Garden Private Accommodation Kitchen Parking Cask Ale Function Room Live Sports
Approx. Total Ingoings
£5,600
Annual Rent
£22,500
Potential Turnover: £329,000 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: £22,500 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: £5,600 (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: £0 (excl VAT)
To be discussed with the Regional Manager.
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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.
