Description
• Two large internal lounge bar areas
• Central bar serving both rooms
• Pub games including skittles and darts
• Beer garden to rear
• 100% wet led
• Free of tie
• New Lease
• Upper floor accommodation with separate access
Location
The pub is located in the heart of Kettering town centre, with over 2,500 households situated within 500m of the pub. The pub will attract to a core local community as well as passing trade. The population of Kettering was c. 63,000 at the last census.Internal Details
The pub welcomes you into a large seating area, originally two rooms but opened into a large and welcoming lounge seated area. The front room is decorated heavily in Breweriana celebrating real ales. The rear room features pub games such as Darts and Skittles. The central bar serves both rooms with 18 pumps. There are male and female toilets, beer cellar, office and beer garden on the ground floor.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
There is no guest parking but there is a private beer garden to the rear and varied on street parking within the town centre and surroundings roads.Owners Accommodation
The accommodation above consists of two storeys with a range of en-suite and non en-suite rooms, reception rooms and shared bathroom. The accommodation benefits from a separate entrance to the pub.The Opportunity
The Alexandra Arms is a well established real ale pub in the centre of Kettering. The pub offers a varied array of local guest ales, distinguishing itself apart from local competitors. The Landlord is seeking a new tenant to take over from the retiring tenant, offering a great opportunity for a new tenant to take on a well located and established pub. This is a great pub for a real ale enthusiast.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 North Northamptonshire District Council. The 2023 Rateable Value has been assessed at £11,000.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.
