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Pike & Eel, Daventry

Daventry, NN11 4RB

Your investment

£9,325

Agreement Type

Tenancy

The Pike and Eel is a community estate pub built in the mid 1900’s (60’s at a guess). It shares space in the middle of the estate with a parade of shops and a school and is next to a large piece of open communal ground. It can be accessed from the shops, the estate itself or across the communal park ground. The area is heavily populated with a strong working class profile and families.

The Pike and Eel is a community estate pub built in the mid 1900’s (60’s at a guess). It shares space in the middle of the estate with a parade of shops and a school and is next to a large piece of open communal ground. It can be accessed from the shops, the estate itself or across the communal park ground. The area is heavily populated with a strong working class profile and families.

Pub Layout

The pub can be entered from the front or side door to the rear, the cellar is street level. When entering from the front, you can either go right into the smaller trading area, set out as a bar or continue straight through a corridor (past the toilets) to a larger room which can be used as a function / entertainment or normal trading area. The pub is decorated to a good standard. From the larger room you can exit onto a covered decked veranda area which overlooks the communal grassed area. The bar connects the two trading areas for the staff but not the customers. The larger room has a long bar the length of the room.

The Pike and Eel is the true definition of a well-supported community estate pub. The pub trades on a wet only basis and is well known for offering televised sports, getting involved in local charities and hosting events. During the weekends, the pub comes alive with a strong entertainment programme such as discos and live music.  The offer is value but presented well.

Private Accommodation

Directly above, the accommodation consists of three bedrooms, kitchen, lounge and bathroom.

Annual Rent: TBC

Security Deposit: £5,000

Working Capital: £2,000

Stock: £2,000

F&F: TBC (Funding options available)

Training: £325 plus VAT

For a breakdown on financial information, please refer to the ‘Additional Info’ tab.

I envisage that the Pike & Eel should be the heart of the community with a strong rhythm of the week supporting local teams such as Darts, Pool, Crib, Dominoes and Football and support local charities.

The new licensee should look to provide an accessible honest, value pub grub, food offer.

Annual Rent – This is our lowest rent figure associated with a Full Tie.  If the tie is reduced the effective rent (via Tie Release Fees) will increase.  Rent is billed and paid for weekly in advance depending on the payment terms agreed)

Security Deposit – This sum of money will be held on your account and will be returned to you on exiting of the pub based on your final account balance and the condition of the property

Working Capital – This is a recommend amount required which will be used in the day-to-day running of the business

Stock – This will be valued by an independent valuer on the day you take over the pub. This includes unbranded glassware, unopened bottles, wines, spirits, any unopened / opened kegs and cask ale providing the container is unopened

Fixtures & Fittings – This includes any item that is bolted to the floor or walls, and a fitting to be any item that is free standing or hung by a nail or hook. This will also include furniture

 

 


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