Spread Eagle Piddington

£ 550,000
Tenure
Freehold
Description
Opportunity
This detached stone building is available freehold. Situated in the affluent Northamptonshire village of Piddington, the building has lots of character and would be a fantastic opportunity for a new operator to create a new venue to serve the local community and surrounding area.

Location
Situated on a rectangular plot measuring approximately 0.8 acres, the pub is located to the front of the site in a roadside position. It is stone built  under a slate roof. Located on the western side of Forest Road in Piddington, this village is located between the M1 and the A428. Northampton is a short distance away (6miles) to the north west and a number of popular and desirable villages can be found nearby.

Arrangement
The property measures approximately 236sqm (GIA floor area). Internally, the premises has four principal tradeareas; a snug bar (12covers), a main bar with inglenook fireplace and two games rooms, both of which are accessed off the main bar. Both bars have their own bar serveries. A commercial kitchen and utility room can also be found at first floor  At first floor, the manager’s accommodation comprises a double bedroom, lounge and bathroom and kitchen. The loft conversion has created a master bedroom with dressing room/office and bathroom.
Externally, the vehicular access to the side serves a customer carpark. At the rear is a well appointed external trade area, comprising a terrace with outdoor bar, smoking shelter and bbq as well as a garden laid to lawn containing children’s playequipment. A large paddock can be found beyond, accessed via a field gate from the carpark. This space is currently underutilised but benefits from planning permission for residential development.

Planning
Planning permission was granted for four newd wellings on the land to the rear of the site. The scheme comprises 2 x 2 bed houses and 2 x 3 bed houses. The proposed development includes the reconfiguration of the access and public house carpark. 
A full planning pack including architectural drawings, topographical survey, Phase 2 Ground Investigation among other supporting reports and surveys can be provided upon request.
Planning permission reference WNS/2021/1671/FUL granted 02 March 2022 by West Northamptonshire Council

Licensing
The premise license number is LN/200601245. The property is licensed to supply alcohol from 11.00–23.00 Monday–Saturday and12.00-22.30 on Sunday.

Rates
The property is situated in an area administered by South Northamptonshire Council. The 2023 Rateable Value has been assessed at £3,500 (2017-£7,300).

Trade
The property is currently closed and is sold as seen, with vacant possession. As a result, no trade is warranted or sold.

Planning
The property is not statutory listed and is not located within a conservation area. The property has a Sui Generis public house use. The property may be suitable for alternative uses including community use subject to obtaining the necessaryplanning consents. 
Planning permission has beengranted for four new dwellings on land to the rear following re-configuration of the site; reference WNS/2021/1671/FUL. This has not been implemented. Should it be implemented, the purchaser is responsible for discharging all conditions and making a community infrastructure levy payment.

Services
Prospective purchasers should speak with relevant utility companies to confirm the types of connection.

VAT
VAT will be applicable at the standard rate for commercial properties.

EPC
This property’s current energy rating is C.

Legals
Each party is to be responsible for their own costs incurred in this transaction.
• The Purchaser will be required to pay an abortive legal fee deposit of £5,000.00 (to be held by the Seller's solicitor) prior to the release of the legal package.
• The Purchaser will have 15 working days from the date the legal package is released from the Seller's solicitor to the Purchaser's solicitor to exchange contracts. If the Purchaser exchanges contracts within such period, the abortive fee deposit will be credited against the purchase price. If the Purchaser withdraws from the transaction or contracts are not exchanged within such period the abortive legal fee will be forfeited.
• The seller will not be providing CPSE’s as they have never occupied or traded from the property, they will however endeavour to assist with any reasonable queries to the best of their knowledge. The seller will undertake to provide timely responses to the purchaser's enquiries and comments to facilitate their ability to exchange contracts within the required time.
• The deposit will be refunded if the Seller is unable show good title or withdraws from negotiations within the required time (save where due to the Seller revising the agreed terms). If exchange shall not occur within the required time, the Seller shall be free to withdraw from the transaction and retain the abortive legal fee deposit.
• Upon exchange of contracts the Purchaser will pay a further deposit of 10% of the total purchase price.
• Completion to be 15 working days thereafter.

Viewings
Strictly by appointment and accompanied by the vendor's agents.

InformationPack
An information pack with additional detail is available upon request
Country
England
County
Northamptonshire
Town
Northampton
Address
36 Forest Road, Pidddington
Post Code
NN7 2DA
Under Offer
No
Reference Number
RF395737
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