Navigation, Lapworth

VIEWING Navigation Inn Strictly by appointment through Fleurets Birmingham Office.

Old Warwick Road, Lapworth, Solihull, LOCATION West Midlands B94 6NA The Navigation fronts the B4439 Old Warwick Road, which runs more or less parallel with the M40, between Lapworth and Rowington and immediately adjacent to Bridge 65 on the attractive Grand Union Canal. Leasehold Lying around 7½ miles from both Solihull to the North West and Warwick to the South East, this is an attractive, affluent and highly desirable setting. £225,000 Packwood House and Baddesley Clinton, two fine and popular National Trust properties are within very close proximity.

· Fabulous canalside property DESCRIPTION · Excellent standards throughout An attractive road side property of predominantly two storey brick built construction, painted, rendered, with a partially timbered façade, all lying · Three character trading rooms beneath a pitched tiled roof. · Magnificent beer garden · Impressive turnover and profits To the side, there is a tarmac car park with space for 60+ vehicles whilst to the rear there is a raised, paved, covered patio, a magnificent canalside, SOLE SELLING RIGHTS grassed beer garden and adjacent field. REF: M-112282

TRADE Outside Our clients have occupied the property since 2012. Since then they The fabulous large grassed BEER GARDEN which lies to the rear of have invested significantly, refurbishing throughout and have re- the pub is what sunny Summer days were made for! There is also a established a very healthy level of trade. partially covered paved patio area, car parking for 60+ vehicles.

Standards too are excellent, as evidenced from the recent 5 Star Hygiene Rating from the Food Standards Agency.

In terms of trade, management accounts for the year ended 31st March 2015 show a net turnover of £545,808 with a Gross Profit margin of 55.7% and a net profit for the year of over £91,500.

Full further detailed accounts will be made available to bona fide applicants after they have formally viewed the premises.

ACCOMMODATION Ground Floor The entrance from the frontage leads via a large entry lobby into the first of three trading areas, namely the PUBLIC BAR with flagstone floor, ceiling beams, timber SERVERY, fixed pew bench seating and feature wood burning stove, this room oozes character. Off this, and up two steps to the left hand side is the SNUG which has more of a lounge feel. Again having fixed pew bench seating and a wood burner, this TENURE area, which has a boarded floor, can be an overspill to either the bar or Leasehold. for dining. The property is occupied by way of a 10 year Enterprise Inns Lease with effect from 19th October 2012 at a current rent of £44,419 per annum.

The lease allows for one guest ale and is free of tie for all wines, spirits and mineral.

LICENCE A premises licence prevails, the main licensable activities being:- Sale by retail of alcohol for consumption on and off the premises:

Sunday to Thursday 9.00 am - 12 midnight Friday & Saturday 9.00 am - 01.00 am

BUSINESS RATES & COUNCIL TAX The property is in an area administered by Warwick District Council and we are advised that the current Rateable Value is £40,000. The domestic accommodation is within Band C for council tax purposes. The third and final room, which lies to the rear, is the RESTAURANT with a mix of boarded and quality tiled floor, a return access to the SERVICES timber bar servery, a heavy central beam, this room is fitted to a very We are verbally advised that the property benefits from mains high standard and comfortably seats 36 diners. electricity, water and drainage with the cooking and heating by way of Calor Gas. Lying off this is the good sized and well fitted TRADE KITCHEN and preparation room which includes a walk-in fridge. The CUSTOMER FINANCE & INSURANCE TOILETS lie off the entry lobby. If you would like to take advantage of the knowledge and experience of a selection of firms who specialise in providing finance and insurance for licensed properties contact your local Fleurets office. A phone call may help to provide you with terms and/or cover, which best fits your requirements.

2nd Floor, Charles House, 148-149 Great Charles Street Queensway, Birmingham B3 3HT T 0121 236 5252 E [email protected] fleurets.com - Our Reference: M-112282

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EPC

FURTHER INFORMATION For further information please contact: Andy Tudor at our Birmingham office on 0121 236 5252 or email [email protected]

2nd Floor, Charles House, 148-149 Great Charles Street Queensway, Birmingham B3 3HT T 0121 236 5252 E [email protected] fleurets.com - Our Reference: M-112282