tenancy
Stringer's Hill, Pytchley, Kettering, Northamptonshire NN14 1EU, UK
Approx. Total Ingoings
£17,000Annual Rent
£40,000The Overstone Arms is a 17th century coaching inn in the heart of the village. The pub is a food led business with a fantastic reputation. The pub offers a relaxed and comfortable atmosphere for couples, singletons and groups. The period restaurant has doors leading into the orchard and rear walled garden. The pub will be refreshed for the right applicant with internal and external decoration throughout, enhancing the characters and features found throughout. Stonegate is currently looking for an experienced publican to continue the success of this already growing business, through a strong food offering to attract customers from neighbouring villages and towns, marketing this as a real destination village pub experience.
Private Accommodation: The private accommodation is very spacious and comprises three double bedrooms and one single room or study. The bathroom has recently been refurbished, the large lounge has double aspect windows, and the kitchen has a fantastic skylight, giving it light airy feel.
Indoor trading area
The trading area has a cosy relaxed bar area for eating or drinking and can accommodate up to 25 covers. The bar area also has a log burner and doors which lead out into the lovely walled garden. The pub has a formal restaurant, which can be screened to make two separate areas. The restaurant can seat up to 60 covers and with a buffet style, it can accommodate 120 covers. The pub has a sizable kitchen with distinct preparation areas and double gas ovens. There is also a walk-in fridge, dry store and separate freezer room.
Outdoor trading area
Externally, the large orchard garden provides picturesque countryside views and comprises six benches with umbrellas. The barn walled garden can accommodate 20 people seated on picnic benches and has also been used as a BBQ area in the summer. The gardens can be fully utilised for functions such as parties, weddings, funerals, live music events and much more. The pub has two car parks, which have space for approximately 72 vehicles.
Regional Manager Comments
The pub is a food destination business, offering a relaxed and comfortable atmosphere for both locals and those looking for a visit to a picturesque village pub to eat and drink. The pub has a fantastic beer garden and outside space with potential for 100 covers outside as well as the 100 internal covers, with additional scope for private events. This opportunity would suit an experienced food led publican who can continue the success and develop further.
Retail Partnership Tenancy
Beer Garden Private Accommodation Kitchen Parking Cask Ale Restaurant/Food
Approx. Total Ingoings
£17,000
Annual Rent
£40,000
Potential Turnover: £445,000 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: £40,000 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: £17,000 (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: £10,000 (excl VAT)
To be discussed with the Regional Manager.
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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.
