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Royal Oak, Naseby

Naseby, NN6 6DA

Your investment

£11,500

Agreement Type

Tenancy

The Royal Oak is a detached building situated in the middle of the historic village of Naseby in the District of Daventry, Northamptonshire. This is a fairly affluent area, surrounded by a number of rural villages and farmland, but only two miles from the busy A14, offering access to all major motorways. Naseby is less than 15 miles from Northampton, Market Harborough, Kettering and Althorp House (the family home of the Earl of Spencer and the late Princess Diana).

The Royal Oak is currently being run as a real ale and food led village pub, however this attractive detached pub needs to grow and attract customers from surrounding villages and the larger towns nearby, as well as tourists visiting surrounding attractions such as Althorp House, Market Harborough and the historic tourist sites related to the Battle of Naseby.

The Royal Oak is a detached building situated in the middle of the historic village of Naseby in the District of Daventry, Northamptonshire. This is a fairly affluent area, surrounded by a number of rural villages and farmland, but only two miles from the busy A14, offering access to all major motorways. Naseby is less than 15 miles from Northampton, Market Harborough, Kettering and Althorp House (the family home of the Earl of Spencer and the late Princess Diana).

The Royal Oak is currently being run as a real ale and food led village pub, however this attractive detached pub needs to grow and attract customers from surrounding villages and the larger towns nearby, as well as tourists visiting surrounding attractions such as Althorp House, Market Harborough and the historic tourist sites related to the Battle of Naseby.

Pub Layout

The pub has recently undergone investment, therefore, is in excellent condition through the trading area. The bar servery is situated in front of you when you enter the pub. There is a main room with seating for around 20 people and bar stools at the bar and to the left of the bar is a snug room and seating for around 10 people. To the rear of the bar is the toilets and a well-equipped commercial kitchen. Externally there is an enclosed garden and large car park with space for up to 20 cars along with a large paddock area that could accommodate a marquee for events, there is an opportunity to develop a large barn that could be used for beer festivals, alternatively the is an opportunity to develop this area to accommodate either a camp site or glamping pods which would bring an additional income stream to the business.

Trading Style

The Royal Oak is a traditional village pub. It currently offers a wide range of cask ales with five hand pumps in place and offers entertainment such as live bands and music evenings. Crib and darts are popular along with a fairly unique air rifle activity called “Bell Target”. There is currently a food offer in place, but this side of the business needs further development particularly during the day and this should be a big focus point to drive the pub forward.

Private Accommodation

This is accessed through the pub, this is of a good size and provides ample space for a family. The first floor consists of two bedrooms, large living room/lounge and domestic bathroom. The commercial kitchen is also used for personal use and is on the ground floor, there could be an opportunity to convert one of the rooms into a kitchen in the private accommodation.

Annual Rent: £23,000

Security Deposit: £5,000

Working Capital: £3,500

Stock: £3,000

Fixtures and Fittings: Upon Valuation  – funding options available for the right licensee.

Tie: All drinks categories are tied.  For fully funded licensees on long term agreements, we offer free-of-tie options for certain drinks categories in exchange for an annual fee.

Training: £250 plus VAT

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

I am looking for an aspirational and driven licensee or couple with a diverse skill set, and a passion for cask ale and strong food skills. Equally important, is being involved with village life and really engaging with the community. Focus and ambition are needed to continue to develop & drive the Royal Oak into the great community pub.

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

Training – This is required when taking on a Business Support Agreement.  Included is an e-learning package for you and your staff and attendance to our ‘Set Up To Succeed’ workshop held at our Head Office in Chester.  Please note, you will be required to attend this workshop before signing a long term tenancy agreement.

Service Charge Cost – £30.10 per week – This is a weekly charge that includes statutory compliance certification (including Annual CP12 and CP42 gas test), cellar cooling services (including full insurance to cover repairs and / or replacements), Health & Safety Essentials (including assessments) and Licensing Support.


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