£0 £1000000
£0 £1000000

Stunning 18th Century Pub and Restaurant with Accommodation

St Albans, Hertfordshire

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£189,995 +SAV

Ref: 2938 J

Leasehold

Overview

Hilton Smythe is delighted to introduce to the market Ye Olde Fighting Cocks. This stunning 18th century public house and restaurant is renowned in the area and beyond for its rich history, beautiful location and excellent food. The business has a fantastic reputation winning the Best Pub Award two years in a row and nominated 6 times. Also the business has recently been featured in the Times newspaper as one of the top public houses to visit listed and Number one pub to visit on last minute com. The business reports that it is on target to reach a £1m turnover this financial year. The pub is an associate of CAMRA and offers a host of casque ales with the beers regularly changing and an array of fine wines. Uniquely Ye Olde Fighting Cocks retails its own beer and clothing range with its own distinctive branding and proudly possessing a Cask Marque. The pub is only tied on beers and spirits. Ye Olde Fighting Cocks is a charming quintessential English pub, with many traditional features retained including the beamed ceiling and magnificent feature fireplace, an atmospheric place to relax and dine. The restaurant caters for over 250 lunches on a Sunday and came second in the City's survey of best Sunday lunches. The business prides itself on its outstanding quality and value for money. The restaurant boasts an excellent menu and is proud to use locally sourced produce. The business is a true community pub playing regular host to barbeques in the summer, live rugby on its large outside screen and live music and quiz nights popular with both regulars and tourists alike. The business has also recently introduced a growing outside catering arm to the business, catering for small intimate fine dining parties to barbeques for 100’s. We believe this lucrative side of the business could easily be expanded with a marketing and advertising campaign. We are advised a new website been developed and ready to go live beginning of 2016, although the business already has a very informative website in situ. www.yeoldefightingcocks.co.uk. The business has also recently invested in a new till system, including hand held food ordering pads and owner auditing capacity through mobiles. Early viewing of this long established and outstanding business in this most desirable location is highly recommended with the business genuinely coming to the market due to our clients other business interests.

Turnover
The business reports that it is on target to reach a £1m turnover this financial year.

To be advised

The business opens:- Monday – Thursday 12.00noon – 10.30pmFriday and Saturday 12.00noon – 12.00 midnightSunday 12.00noon – 10.30pm

The business is located in the beautiful cathedral city of St Albans. St Albans is steeped in history with many places of interest and rich architecture. With fabulous shopping with many small independent shops and high street stores and events being held throughout the year, the city attracts thousands of visitors year on year. Ye olde Fighting Cocks is located in a picturesque location on a leafy lane with panoramic views overlooking the River Ver and facing St Albans Cathedral and grounds. The area is easily accessible being only 20 minutes from London St Pancras and easily accessible from both the M1 and A1.

This stunning building dates back over 1000 years and is reputed to be the oldest pub in England. The layout of the pub comprises a main bar, heavily beamed, with the "Cock Pit", so called because cock fighting was thought to have taken place there, on a lower level and a large paved patio to the rear. Seating capacity;Bar Area x 48Cock Pit x 1Restaurant Area x 36Patio x 100 Commercial grade kitchen. There is a porch area leading into a foyer, off which lie the gents' and ladies' toilets. Owner accommodationTo the first floor there are two bedrooms, large lounge and bathroom with bath and wc. There is no equipment on loan or hire.

Tenure
We are advised leaseholdThe original lease is 10 years4 years remain on the leaseReviewed every 5 yearsRent is £86,000 per annum We are advised the rent has recently been reduced from over 106k - £86k.

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