The Compasses, 128 High Street, South Rushden, Northampton, Northamptonshire, NN10 0RB

• Circa 100 internal covers
• Function room/dining room ideal for dining covers or functions
• Good sized commercial kitchen
• Large enclosed outside space
• 3/4 bed first floor accommodation
• Prominent frontage
• Good sized cellar
• Driveway/vehicular access to the rear
• Free of Tie
• New Lease Available

The site is well positioned on the edge of Rushden town centre. High Street is a busy road with lots of passing potential trade and there are a large number of homes and businesses nearby. The local population of Rushden is circa 32,000.

The site has a generous and welcoming lounge bar, fantastic sized commercial kitchen and excellent sized bright and spacious conservatory to the rear which can serve as a dining room, function room or meeting room.

Applicants are required to submit a Criterion Asset Management standard application form (available on request) and provide a business plan, two forms of ID with current address and proof of funding. If the applicants require to take the lease in a company name then two personal guarantors will be required. Applicants must be able to demonstrate sufficient funds to invest further in this opportunity and cover one quarters rent plus vat, six months rent deposit plus vat and cover the landlords reasonable legal costs.

To the rear and side of the premises there is vehicular access with a significant outside space which could provide off road parking for a number of vehicles. There is a smoking area which is enclosed to the sides and rear. In addition, there is a traditionally constructed outside storage building.

To the first floor there is well spaced managers accommodation with a flexible layout including 3/4 bedrooms, living room and bathroom.

The Compasses is a well-known community venue on the edge of Rushden Town Centre. The venue provides an excellent opportunity for an experienced operator to occupy a well-known and well supported site. The nature and position of the venue means that it offers a variety of scope to serve as a wet led premises or to use its kitchen space and function room to maximise the turnover potential. Viewing is recommended to appreciate the full offering, the opportunity and its position.

A new 20 year Full repairing and Insuring free of tie lease is available on terms to be agreed with a rental of circa £35,000 per annum. The new lease will be subject to 5 yearly open market reviews and annual RPI increases subject to 2.5% / 5% collar and cap.

The property is in an area administered by North Northamptonshire District Council. The 2023 Rateable Value has been assessed at £7,000. The domestic accommodation above the public house is in band A for Council Tax purposes.

We understand the premises is fully licenced. We are offering a free of tie lease. The licenced opening hours are: Monday to Saturday 10:00 AM to 11:00 PM and Sunday 12:00 PM to 10:30 PM.