The property comprises a two storey building of brick construction, under a pitched and tiled roof, originally constructed in circa 1900s.
The ground floor trading area is fitted out to a good standard in Yates’s house style with a linear bar, customer toilets and cellar. There are additional trading area to the first floor with disused customer toilets, commercial kitchen, staff areas and storage.
Externally there is pavement seating area at the front of the property. To the rear is a public parking area and access for deliveries and staff parking.
The substantial property has long term redevelopment and alternate use opportunities (stpp). Existing business remains unaffected.
Approximate net internal areas:-
Ground Floor:- 538.83m² (5,800 Sq ft)
First Floor:- 390.18m² (4,200 Sq ft)
Total floor area:- 929.01m² (10,000 Sq ft)
The licensing authority is Swindon Borough Council https://www.swindon.gov.uk. We are advised that the property is not listed nor is it in a conservation area.
The licence permits the following licensable activities:
Sale by retail of alcohol for consumption on and off the premises Sunday to Wednesday 10am – 12midnight and Thursday to Saturday 10am – 2am
Performance of dance and live music and playing of recorded music Sunday to Wednesday 10am – 12midnight and Thursday to Saturday 10am – 2am.
The property is let to Hops Pub Company Limited (co no 06457363), a subsidiary of Stonegate Pub Company.
The lease is a full repairing and insuring lease from13th November 2014 for a term of 25 years, expiring on 13th November 2039. The current passing rent is £48,263 pax, payable monthly in advance.
Offers are invited for the freehold, subject to the leasehold interest above, in excess of £500,000, exc VAT.