The County Tavern, 220 Abington Avenue Northampton Northamptonshire NN1 4PR

The County Tavern, 220 Abington Avenue
Northampton
Northamptonshire
NN1 4PR

Freehold Public House Investment

  • Prominent position adjacent to Northamptonshire County Cricket Club
  • Entirely let to Punch Partnerships (PTL) Limited with a guarantee from Punch Taverns (PGE) Limited
  • Lease expires April 2029 (no breaks)
  • Situated in a densely populated and attractive suburb of Northampton
  • Buyer's Legal Report available <a href="/media/32613/buyers legal report v4.pdf" target="_blank" title="Buyers legal report available">here</a>
  • Lot
    27
  • Auction
    12th February 2015
  • Rent
    £50,000 per Annum Exclusive
  • Status
    Withdrawn Prior
  • Price
     
  • Sector
    Leisure
  • Auction Venue
    Radisson Blu Portman Hotel
    22 Portman Square
    London W1H 7BG
  • On behalf of Northamptonshire County Cricket Club Limited
Important Update
  • Expand
  • Photos
  • Map

* More information on the term "guide" can be found here

Freehold Public House Investment

  • Prominent position adjacent to Northamptonshire County Cricket Club
  • Entirely let to Punch Partnerships (PTL) Limited with a guarantee from Punch Taverns (PGE) Limited
  • Lease expires April 2029 (no breaks)
  • Situated in a densely populated and attractive suburb of Northampton
  • Buyer's Legal Report available <a href="/media/32613/buyers legal report v4.pdf" target="_blank" title="Buyers legal report available">here</a>
  • Lot 27
  • Auction 12th February 2015
  • Rent
  • Status Withdrawn Prior
  • Price  
  • Sector
    Leisure
  • Auction Venue
    Radisson Blu Portman Hotel
    22 Portman Square
    London W1H 7BG
  • On behalf of Northamptonshire County Cricket Club Limited

Property Information

Location
Miles
21 miles north-west of Milton Keynes
35 miles south-east of Leicester
55 miles south-east of Birmingham
Roads
A4500, A5095, A45, M1 (Junction 15)
Rail
Northampton Railway Station (direct to London Euston c. 60 mins)
Air
London Luton Airport, East Midlands Airport
Situation

The property is situated in a densely populated and attractive suburb of Northampton on the south side of Abington Avenue. The property lies adjacent to Northamptonshire County Cricket Club.
A Lloyds Pharmacy and a BP Petrol Station with a Marks & Spencer Simply Food are all nearby.

Tenure

Freehold.

Location
Miles
21 miles north-west of Milton Keynes
35 miles south-east of Leicester
55 miles south-east of Birmingham
Roads
A4500, A5095, A45, M1 (Junction 15)
Rail
Northampton Railway Station (direct to London Euston c. 60 mins)
Air
London Luton Airport, East Midlands Airport
Situation

The property is situated in a densely populated and attractive suburb of Northampton on the south side of Abington Avenue. The property lies adjacent to Northamptonshire County Cricket Club.
A Lloyds Pharmacy and a BP Petrol Station with a Marks & Spencer Simply Food are all nearby.

Tenure

Freehold.

Description

The property comprises a ground floor public house with kitchen, ancillary and living accommodation on the upper floors.

Six Week Completion

Buyer's Legal Report
For the ease and convenience of prospective buyers, to speed up the process of investigating a possible purchase and to minimise the legal costs an independent legal title report is available here

VAT

VAT is applicable to this lot.

EPC

The EPC will be available to view online in the solicitor’s legal pack.

Description

The property comprises a ground floor public house with kitchen, ancillary and living accommodation on the upper floors.

Six Week Completion

Buyer's Legal Report
For the ease and convenience of prospective buyers, to speed up the process of investigating a possible purchase and to minimise the legal costs an independent legal title report is available here

VAT

VAT is applicable to this lot.

EPC

The EPC will be available to view online in the solicitor’s legal pack.

Tenancy & Accommodation

Floor Use Floor Areas (Approx) Tenant Term Rent p.a.x Reviews
Ground
Ground
Ground
First
Second
Public House
Storage
Lean-To
Ancillary
Ancillary
205.28 sq m
148.73 sq m
37.98 sq m
231.68 sq m
Not Measured
(2,210 sq ft)
(1,601 sq ft)
(409 sq ft)
(2,494 sq ft)
Not Measured
PUNCH PARTNERSHIPS
(PTL) LIMITED,
guaranteed by Punch
Taverns (PGE) Limited (1)
16 years from 02/04/2013 until 01/04/2029 on a full repairing and insuring lease £50,000 02/04/2016 and four yearly
Totals  
623.67 sq m
(6,714 sq ft)
    £50,000

(1) Punch Partnerships (PTL) Limited is ultimately owned by Punch Taverns plc who for the year ending 17th August 2013, reported a turnover of £457,600,000, pre-tax profits of £17,050,000 and a net worth of £119,000,000. (Source: www.riskdisk.com)
Punch Taverns are one of the UK’s leading pub companies. Punch Taverns was founded in 1997, and has grown its portfolio of around 4,300 pubs to lease nationwide. (Source: www.punchtaverns.com). We understand the property has been sublet.
(2)The gross internal floor areas have been deduced from gross external measurements taken on-site only.

Property Documents

  • Catalogue Page
    Updated Date
    21.01.15
    File Size
    613 KB
    View PDF
  • Site Plan
    Updated Date
    21.01.15
    File Size
    87 KB
    View PDF
  • Common Auction conditions
    Updated Date
    10.06.21
    File Size
    168 KB
    View PDF
  • Memorandum of Sale
    Updated Date
    27.03.17
    File Size
    27 KB
    View PDF

Contacts

Acuitus
Peter CunliffePeter Cunliffe +44 (0)20 7034 4850peter.cunliffe@acuitus.co.uk
Seller's Solicitors
EMW LLP Seebeck House, 1 Seebeck Place
Knowlhill, Milton Keynes
MK5 8FR
Robin Creek 0845 070 6000robin.creek@emwllp.com

Useful Links

Acuitus Finance
Stuart BuchananStuart Buchanan +44 (0)20 7034 4850 +44 (0)7879 432868stuart.buchanan@acuitus.co.uk

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