Shepherd & Dog

£ 280,000
Tenure
Freehold
Description
  • Free of Tie Lease also Available
  • Fantastic location on designated tourist route
  • Conveniently Located Between the A14 and A140
  • Large dining area c. 60 covers
  • Main Bar and Snug Area (40)
  • Great Potential as Food Led Destination Establishment
  • Car park to accommodate up to 30 vehicles
  • Site Area Approximately 0.3 Acres
  • Only Unconditional Offers will be Considered
Property

The Shepherd & Dog is a detached, brick-built building under a slate roof which is predominantly arranged over two stories, with extensions to the side and rear. On the ground floor, an entrance lobby provides access to the large trading area, which is divided into two main sections and features a central wooden-panelled bar servery, the whole catering for c. 60-65 covers.  A rear lobby provides access to disabled, ladies and gents WCs. The back of house includes a trade kitchen with commercial extraction and ancillary prep room, wash up area, room with walk-in chiller and a ground floor level cellar. On the first floor there is private accommodation comprising double bedroom, bathroom, sitting room and domestic kitchen.  Outside, there is a dedicated asphalt car park for approximately 30 vehicles, a lawned front trade garden for c. 20 covers and an enclosed private garden to the rear.


Measurements

The area of the site extends to 0.33 of an acre.  The ground floor footprint (GEA) of the public house extends to 233m² (2,512ft²).  Measurements are taken from digital mapping and are approximate.

Planning

We are advised the property is not Listed, nor is it located in a Conservation Area. Those seeking change of use are advised to make their own enquiries to Mid Suffolk District Council, in the first instance https://www.midsuffolk.gov.uk/

An overage provision will apply on the sale of the freehold interest for a term of 25 years, subject to a 25% share in the uplift in value resulting from planning permission for residential conversion and/or development.

Tenure

Freehold with VP - seeking unconditional offers in the Region of £280,000 plus VAT

The property is also available by way of a new free of tie, FRI lease with an expected starting rent in the region of £18,000 per annum. The rent is not subject to annual indexation and is paid monthly in advance, with a three year review cycle. There is no premium payable for the benefit of the new lease.  We understand the rent payable will attract VAT.  The tenant will be responsible for paying the Landlords legal fees for the preparation of the new lease. Ingoing rental incentives will be offered, subject to the tenant’s assessed covenant strength and overall business plan. Applicants must have sufficient capital available in the region of £40,000 to cover the first 3 months rent, which will be paid in advance along with a rent deposit of £5,000, building insurance, legal fees and working capital. Proof of funding and a business plan will be sought. 

Fixtures & Fittings

All remaining fixtures and fittings are included in the sale price.

The Business

The business has not traded since 2018 and no accounting information is available.

Rates & Charges

Rateable Value: £16,000

Country
England
County
Suffolk
Town
Stowmarket
Address
Forward Green, Earl Stonham
Post Code
IP14 5HN
Under Offer
No
Reference Number
RF202016
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