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Plough, Bury St Edmunds

Bury St Edmunds, IP29 4BE

Your investment

£13,000

Agreement Type

Tenancy

The Plough is a traditional thatched pub in the beautiful hamlet of Rede, a short drive from Bury St Edmunds and close to the A14.

This is a very attractive pub with an extensive external drinking area to both the front and back of the property.

The demographics locally are very strong, this is a leafy community village which alongside the surrounding villages of Bury St Edmunds are predominately similar and relatively affluent areas.

The Plough is a traditional thatched pub in the beautiful hamlet of Rede, a short drive from Bury St Edmunds and close to the A14.

This is a very attractive pub with an extensive external drinking area to both the front and back of the property.

The demographics locally are very strong, this is a leafy community village which alongside the surrounding villages of Bury St Edmunds are predominately similar and relatively affluent areas.

Pub Layout

On arrival there is a small garden leading to the main entrance. Once through the doors you will be greeted by a large restaurant area seating approximately 45 covers alongside a small bar area with bar stools. The kitchen area is on ground level situated behind the bar providing central service throughout.

Towards the back of the building there is an attractive courtyard garden which can be used for dining during warmer weather.  The site provides a large car park with ample parking spaces.  The pub externally and internally is very attractive and kept to high standards.

 

This is a destination premium food pub lead by excellent reputation due to the consistent management from the same family for approximately 40 years.

While some of the locals drink here, this is an area that could increase in sales, the site is predominately led by home cooked quality meals using fresh locally sourced ingredients.

 

The accommodation is in good condition and consists of  three bedrooms, (two doubles and one large single) a lounge, kitchen and private bathroom.

Annual Rent: £32,000

Security Deposit: £5,000

Working Capital: £6,000

Stock: £2,ooo 

F&F: Upon valuation – funding options may be are available for the right licensee

Training: £325 plus VAT

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

The Plough has a great reputation for quality higher end food and drink. A new Tenant would want to delight and keep the existing loyal customers some of whom call the Plough their first choice for many decades yet build a new following by updating the offer and adding their own twist.

This pub could suit a highly qualified Chef keen to make a name in their own premises and perhaps become the next Tom Kerridge!

The pub is in excellent condition both internally and externally.

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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