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Property details
The Red Lion is nestled in the peaceful village of East Haddon in the Heart of picturesque Northamptonshire countryside. East Haddon is 1/2 mile from the A428 with Northampton 8 miles to the south and Rugby 13 miles to the north. The beautiful tourist attraction of Althorp House and Village is only 3 miles away.
This three-story attractive stone stone-built, period property with a Thatched roof, sits on a large plot in the heart of the village of East Haddon with a private car park. The main bar is in excellent condition after a refurbishment three years ago, adding to the high-quality condition throughout the building, and the site remains very well presented. There are three dining areas, first a more casual dining area off the bar, then to the rear a fantastic room with high beams full of character, and a smaller room which can easily also be used as a private dining or meeting room. The bar area caters to approximately 16 covers. The 7 boutique style bedrooms, all with ensuite, are to an excellent standard Additional fully equipped catering kitchen, ample cellar, and dry storage.
The large rear garden provides a great opportunity to extend trading potential in the warmer months with well-maintained grass areas, a small decking area for alfresco dining, and to the front and side of the building is a charming patio area
The private separate living accommodation consists of lounge, dining room, kitchen, bathroom, and two bedrooms, all in good condition.
Trading style
The Red Lion is an award-winning, food-led destination pub in the affluent Northamptonshire village of East Haddon, The Red Lion offers a golden opportunity for a new operator to build on an already fantastic business and capitalise upon its extensive trading area.
The pub has much to offer experienced operators with the vision to take full advantage of its facilities, location, and inviting look and feel. Experience in operating a food-led business is essential, while the skillset to effectively market all the pub has to offer will create new opportunities for The Red Lion. The incoming operators will need strong commercial and financial skills that are complemented by a passion for providing fantastic hospitality.
Key financials
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Reference Number:
NAJ43W /
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Agreement Type:
Tenancy
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Min Ingoing Cost:
£47,000.00
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Annual Rent:
£40,000.00
The stated ingoing figures are correct at point of advertising. Please be aware there may be additional costs.
Please note that the energy performance certificate is available from the landlord.
Annual rent - 1st Year - £40k, 2nd Year - £60k, leading to full rent in Year 3 - £78k
The Fair Maintainable Turnover for the Red Lion is to be £959,395 pa net of VAT, sustaining a rent of £78,000 per annum on an income split of 30% Wet 56% food, and 14% accommodation.
A 5-year fixed term or renewable tenancy agreement (if fully funded) is offered with a full tie to buy all drinks (beer, wines, spirits, minerals, stouts, and ciders) from the landlords.