Pub Tenancy Opportunity - Wingfield
Pub Tenancy Opportunity - The Plough Inn - Wingfield, Leighton Buzzard
TOP LINE FIGURES
Rent: Turnover linked
Ingoing Costs: Approx. £19,000 *Inventory loans up to 75% are available*
The Plough Inn is a community village, 'chocolate box', thatched; Grade II listed building which is in excellent order both internally and externally. The building is approximately 350 years old and was once a Coaching Inn. Internally the Plough Inn is bursting with charm and character, open fire, oak beams, tastefully decorated and beautifully appointed offering customers a truly warm welcome in which to enjoy quality relaxing time.
The Plough Inn is located in the village of Wingfield just off the A5210 and a short distance from both the M1 and A5. It
is approx. 4 miles from Dunstable and 6 miles from Leighton Buzzard.
Self contained owners accommodation. One double and one single bedroom, living room, shower room and toilet.
Rear patio area with seating for approximately 16. Garden area with seating for approximately 80. Tables at the front of the pub seating 16 and a customer car park with approximately 40 spaces.
The property is to be let on a new six year turnover linked rent agreement and is Landlord and Tenant Act protected. Minimum Guaranteed Rent figure to be confirmed, subject to a three-year review pattern and annual increases in line with the Retail Price Index, which we have capped at 3%. There is a full tie on all wet products. Machine income is shared 50/50 between the tenant and Fuller’s. A Security Deposit of £8,000 is required and is included in the capital required figure. The tenancy has no minimum purchase requirement and no volume penalty. Further details will be discussed at interview.
Applicants are required to complete and return a Fuller's Application Form. A business plan, cash flow forecast and evidence of funding will be required at interview.