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Withdrawn Prior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
Auction Venue
Radisson Blu Portman Hotel
22 Portman Square
London W1H 7BG
On behalf of Northamptonshire County Cricket Club Limited

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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Status Withdrawn Prior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

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

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

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.