Property photos
Just added
Business
£100,000 pa
(£100,000.00/sq. ft. pa)
Pub/bar to let
Sewage Cottages, Mancetter Road, Hartshill, Nuneaton CV101 sq. ft
Local area information
Property location
Nearby amenities
- Michael Drayton Junior School 0.8 miles
- Hartshill School 0.8 miles
- Nuneaton 2.4 miles
- Atherstone 2.8 miles
These distances are calculated in a straight line. The actual route and distance may vary.
Features and description
The Anchor Inn is a prominently located, substantial public house standing on the banks of the Coventry Canal between the villages of Hartshill and Mancetter just outside the larger town of Atherstone. It is located just off the A5 trunk route which provides direct access to the M42 motorway which is a few miles distant. This area of North Warwickshire is therefore a very popular residential area for those commuting to any of the Midlands and East Midlands conurbations.
The property stands in a prominent elevated position overlooking the canal, on a good sized plot of 0.992 of an acre. It is a centuries old property which is surprisingly not Listed, and has a wealth of period charm and character. In addition to the excellent internal trade facilities there is a marquee function room and extensive trade gardens, parking and camp site. The Anchor Inn is extremely well presented throughout and offers working owners real scope for further development.
Our clients have operated the business for over two years and during their period of ownership have invested heavily in the property, landscaping and extending the gardens which now provide outstanding external facilities. Furthermore, a camp site has been constructed to the rear.
We are advised accounts for the year ended 30th November 2024 will show takings net of VAT of circa £400,000 with trade split almost equally between the wet and dry side of the business. This highlights there is further scope to develop the catering side of the business further.
Leasehold £100,000 to include goodwill and fixtures & fittings. Stock at valuation in addition.
The property is held on a fully repairing and insuring agreement from a private individual for a term of fifteen years commencing 4th November 2024. The lease is excluded from the security provisions of the Landlord & Tenant Act 1954 and is fully assignable.
Rent currently stands at £36,000 per annum paid monthly in advance, although this is stepped on an annual basis for the first five years of the term, increasing to a figure of just below £44,000 for the fifth year. The stepped rents are as follows:-
Year 1 : £36,000
Year 2 : £37,800
Year 3 : £39,690
Year 4 : £41,674.50
Year 5 : £43,785.23
There is no requirement for an incoming party to pay the freeholder a security deposit. The lease is free of all trade ties. VAT is not payable on rental payments.
No direct approach to be made to the business; please direct all communications through Sidney Phillips.
Viewing strictly by appointment only.
The property stands in a prominent elevated position overlooking the canal, on a good sized plot of 0.992 of an acre. It is a centuries old property which is surprisingly not Listed, and has a wealth of period charm and character. In addition to the excellent internal trade facilities there is a marquee function room and extensive trade gardens, parking and camp site. The Anchor Inn is extremely well presented throughout and offers working owners real scope for further development.
Our clients have operated the business for over two years and during their period of ownership have invested heavily in the property, landscaping and extending the gardens which now provide outstanding external facilities. Furthermore, a camp site has been constructed to the rear.
We are advised accounts for the year ended 30th November 2024 will show takings net of VAT of circa £400,000 with trade split almost equally between the wet and dry side of the business. This highlights there is further scope to develop the catering side of the business further.
Leasehold £100,000 to include goodwill and fixtures & fittings. Stock at valuation in addition.
The property is held on a fully repairing and insuring agreement from a private individual for a term of fifteen years commencing 4th November 2024. The lease is excluded from the security provisions of the Landlord & Tenant Act 1954 and is fully assignable.
Rent currently stands at £36,000 per annum paid monthly in advance, although this is stepped on an annual basis for the first five years of the term, increasing to a figure of just below £44,000 for the fifth year. The stepped rents are as follows:-
Year 1 : £36,000
Year 2 : £37,800
Year 3 : £39,690
Year 4 : £41,674.50
Year 5 : £43,785.23
There is no requirement for an incoming party to pay the freeholder a security deposit. The lease is free of all trade ties. VAT is not payable on rental payments.
No direct approach to be made to the business; please direct all communications through Sidney Phillips.
Viewing strictly by appointment only.
More information
Listed by
Sidney Phillips
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