White Hart, Grafton Regis, NN12
£385,000
Business rates & charges may apply
- SIZE
Ask agent
- SECTOR
Pub for sale
- USE CLASSUse class orders: A3 Restaurants and Cafes, A4 Drinking Establishments, B1 Business, sui_generis_1 and sui_generis_2
A3, A4, B1, sui_generis_1, sui_generis_2
Key features
- Sought after South Northamptonshire village location
- Public house & restaurant with large car park
- 3 Internal trade areas, commercial kitchen & trade garden
- Freehold or New free of tie Leasehold opportunity
- 3 bedroom private accommodation with lounge & kitchen
- Net Turnover in excess of £350,000 per annum
Description
The White Hart is situated in the sought after Northamptonshire conservation area village of Grafton Regis which lies east of the A508 road approximately 8 miles (13 km) south of Northampton and 9 miles (14 km) north of Milton Keynes. The population of the civil parish (including Alderton) at the 2011 census was 253.
The nearest railway station can be found in Wolverton which operates on the West Coast Main Line, approximately 52 miles from Euston, between Milton Keynes Central and Northampton station. Regular village bus services can be accessed opposite the White Hart also allow travel to the large nearby towns of Northampton & Milton Keynes. The nearest airport is the London Luton International Airport which is located 33 miles south east.
The area benefits from a variety of notable landmarks and amenities such as the Easton Neston, a large Grade I listed baroque style country house, the Bury Mount Motte a former Norman fortification and scheduled ancient monument, as well as the Buckingham Thick Copse National Nature Reserve. Also found within the village is a brain injury rehabilitation clinic and 13th-century parish church.
The White Hart dates back to the mid 16th century and occupies a Grade II listed three-storey detached, part brick, part stone building under part thatched, slate & pan tiled roof. The property benefits from being located in an enviable position opposite the bus stop on the A508 Northampton Road.
TRADE AREAS
Entrance via the rear car park leading into a REAR HALL with access to the LADIES and GENTLEMAN'S TOILETS. STORAGE ROOM (which could be utilised as additional trade space) and the MAIN RESTAURANT which has seating for 28, carpet flooring, wall lights, an extension of the bar servery, feature ceiling beams and access to a fully fitted COMMERCIAL KITCHEN.
LOUNGE BAR with seating for 18, carpet flooring, wall lights, main bar servery, feature ceiling beams.
SNUG ROOM with seating for 20, carpet flooring, wall lights and feature beamed ceiling. From the snug leads through to an INNER HALL which gives access to a BASEMENT CELLAR which includes a python system, cooler and external barrel drop. The inner hall also gives access to the trade garden as well as stairs leading to the first floor accommodation.
OWNERS ACCOMMODATION
FIRST FLOOR
THREE DOUBLE BEDROOMS, one of which includes an en suite and dressing room. LOUNGE, KITCHEN, BATHROOM.
EXTERNAL
The property has a CAR PARK with space for 14 vehicles. TRADE GARDEN with seating for 96 and is partly laid to lawn and partly tiled patio. The garden includes a SMOKING SHELTER and is completely enclosed . DRY STORE which includes a walk-in fridge and a walk-in freezer. BOTTLE STORE.
The vendor has owned and operated The White Hart since December 1996 and during this time has created and established an award winning, positively reviewed profit-making business which offers a relaxed family friendly atmosphere with a traditional rustic menu using locally sourced and fresh ingredients. This has resulted in the kitchen achieving a 5 Star Hygiene Rating from the (FSA) Food Standards Agency. The owner is now looking to offer the property to the freehold market in order to retire.
It is in our opinion that an extension of the opening hours could lead to an increase in turnover. The business is currently supported by a dynamic website & social media accounts which will be passed over to the subsequent buyer on completion.
The most recent year end Net Turnover for 2024 stood in the region of £350,000 per annum. Further accounting detail will be made available to serious parties following a formal viewing.
The Landlord will consider the creation of a new lease agreement on the following terms:
PREMIUM: £30,000 to include fixtures, fittings and goodwill. Stock at valuation in addition.
TERM: New 7 year lease.
LANDLORD & TENANT ACT 1954: Inside Part II Landlord & Tenant Act 1954
ASSIGNABILITY: Assignable with landlords consent
RENT: Annual rent £30,000, paid monthly in advance
RENT REVIEW: No reviews
REPAIR LIABILITY: Full repairing and insuring lease agreement
TIE: Free of all trade ties
INSURANCE: The Landlord will insure the building, the cost of which will be charged to the Tenant by way of an Insurance Rent
DEPOSIT: Equivalent to three months' rent
LANDLORD INSPECTIONS: Quarterly basis
All negotiation subject to covenant strength. An incoming party will be required to demonstrate sufficient funds to sustain their business model, and will need to demonstrate ingoing capital to cover the premium, rental deposits, stock and working capital as a minimum.
VAT will not be payable on the agreed sale price, premium or rental payments.
No direct approach to be made to the business, with all communications directed through Sidney Phillips. Viewing strictly by appointment only.
The nearest railway station can be found in Wolverton which operates on the West Coast Main Line, approximately 52 miles from Euston, between Milton Keynes Central and Northampton station. Regular village bus services can be accessed opposite the White Hart also allow travel to the large nearby towns of Northampton & Milton Keynes. The nearest airport is the London Luton International Airport which is located 33 miles south east.
The area benefits from a variety of notable landmarks and amenities such as the Easton Neston, a large Grade I listed baroque style country house, the Bury Mount Motte a former Norman fortification and scheduled ancient monument, as well as the Buckingham Thick Copse National Nature Reserve. Also found within the village is a brain injury rehabilitation clinic and 13th-century parish church.
The White Hart dates back to the mid 16th century and occupies a Grade II listed three-storey detached, part brick, part stone building under part thatched, slate & pan tiled roof. The property benefits from being located in an enviable position opposite the bus stop on the A508 Northampton Road.
TRADE AREAS
Entrance via the rear car park leading into a REAR HALL with access to the LADIES and GENTLEMAN'S TOILETS. STORAGE ROOM (which could be utilised as additional trade space) and the MAIN RESTAURANT which has seating for 28, carpet flooring, wall lights, an extension of the bar servery, feature ceiling beams and access to a fully fitted COMMERCIAL KITCHEN.
LOUNGE BAR with seating for 18, carpet flooring, wall lights, main bar servery, feature ceiling beams.
SNUG ROOM with seating for 20, carpet flooring, wall lights and feature beamed ceiling. From the snug leads through to an INNER HALL which gives access to a BASEMENT CELLAR which includes a python system, cooler and external barrel drop. The inner hall also gives access to the trade garden as well as stairs leading to the first floor accommodation.
OWNERS ACCOMMODATION
FIRST FLOOR
THREE DOUBLE BEDROOMS, one of which includes an en suite and dressing room. LOUNGE, KITCHEN, BATHROOM.
EXTERNAL
The property has a CAR PARK with space for 14 vehicles. TRADE GARDEN with seating for 96 and is partly laid to lawn and partly tiled patio. The garden includes a SMOKING SHELTER and is completely enclosed . DRY STORE which includes a walk-in fridge and a walk-in freezer. BOTTLE STORE.
The vendor has owned and operated The White Hart since December 1996 and during this time has created and established an award winning, positively reviewed profit-making business which offers a relaxed family friendly atmosphere with a traditional rustic menu using locally sourced and fresh ingredients. This has resulted in the kitchen achieving a 5 Star Hygiene Rating from the (FSA) Food Standards Agency. The owner is now looking to offer the property to the freehold market in order to retire.
It is in our opinion that an extension of the opening hours could lead to an increase in turnover. The business is currently supported by a dynamic website & social media accounts which will be passed over to the subsequent buyer on completion.
The most recent year end Net Turnover for 2024 stood in the region of £350,000 per annum. Further accounting detail will be made available to serious parties following a formal viewing.
The Landlord will consider the creation of a new lease agreement on the following terms:
PREMIUM: £30,000 to include fixtures, fittings and goodwill. Stock at valuation in addition.
TERM: New 7 year lease.
LANDLORD & TENANT ACT 1954: Inside Part II Landlord & Tenant Act 1954
ASSIGNABILITY: Assignable with landlords consent
RENT: Annual rent £30,000, paid monthly in advance
RENT REVIEW: No reviews
REPAIR LIABILITY: Full repairing and insuring lease agreement
TIE: Free of all trade ties
INSURANCE: The Landlord will insure the building, the cost of which will be charged to the Tenant by way of an Insurance Rent
DEPOSIT: Equivalent to three months' rent
LANDLORD INSPECTIONS: Quarterly basis
All negotiation subject to covenant strength. An incoming party will be required to demonstrate sufficient funds to sustain their business model, and will need to demonstrate ingoing capital to cover the premium, rental deposits, stock and working capital as a minimum.
VAT will not be payable on the agreed sale price, premium or rental payments.
No direct approach to be made to the business, with all communications directed through Sidney Phillips. Viewing strictly by appointment only.
White Hart, Grafton Regis, NN12
NEAREST STATIONS
Distances are straight line measurements from the centre of the postcode- Wolverton Station5.2 miles
Notes
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