Description
• Close proximity to RAF Croughton
• Trade kitchen
• Large enclosed outside space
• Two bed first floor accommodation
• Prominent frontage
• c.20 car parking spaces plus on street parking
• Free of tie
• New lease available
Location
The Blackbird Inn is a quaint village pub in the heart of affluent Croughton, West Northamptonshire. The village is surrounded by picturesque countryside. The local population of Croughton is circa 992.
The Blackbird Inn is situated in close proximity to RAF Croughton, one of the largest US Airforce bases in the UK.Internal Details
The site has a welcoming bar, with two drinking/dining areas, pool table and a trade kitchen. The property benefits from a manager's flat consisting of two bedrooms, kitchen and bathroom.Application Process
Applicants are required to submit a Criterion Asset Management standard application form (available on request) and provide a business plan, two forms of ID with current address and proof of funding. If the applicants require to take the lease in a company name then two personal guarantors will be required. Applicants must be able to demonstrate sufficient funds to invest further in this opportunity and cover one quarters rent plus vat, six months rent deposit plus vat and cover the landlords reasonable legal costs.External Details
To the rear of the building, is the enclosed trade garden with access to the bar. There is a further seating area to the front of the pub along with c.20 car parking spaces plus on street parking.The Opportunity
The Blackbird Inn is a well known community venue in the village of Croughton, Northamptonshire. RAF Croughton, a United States Air Force base is located in the village, it is one of the largest US Air Force bases in the UK and provides considerable upside potential for a new operator to grow sales and theme the pub around the large number of American service personnel living and working in the immediate vicinity of the pub. Viewing is recommended to appreciate the full offering, the opportunity and its position.Tenure
A new 20 year full repairing and Insuring free of tie lease is available on terms to be agreed with a rental of circa £35,000 per annum. The new lease will be subject to five yearly open market reviews and annual RPI increases subject to 2.5% / 5% collar and cap.Business Rates
The property is in an area administered by West Northamptonshire District Council. The 2023 Rateable Value has been assessed at £3,100.Regulatory
We understand the premises is fully licenced. We are offering a free of tie lease. The licenced opening hours are: Monday to Saturday 10:00 AM to 11:00 PM and Sunday 12:00 PM to 10:30 PM.
