An opportunity to gain representation in one of the UK’s leading motorway service stations
The Hope & Champion occupies a mid-terrace position immediately to the left of the main entrance to the service station. The property provides accommodation on ground and first floor levels with the main bar at ground floor level with bar servery to one side. This area is laid out to provide a variety of fixed bench seating, loose tables and chairs for approximately 80 covers. At first floor level the property is laid out to provide further seating for approximately 60 covers in addition to the customer WC’s, catering kitchen, beer cellar, managers office and staff changing facilities.
Externally the property has two separate terraces. To the front of the property the terrace is currently laid out to accommodate approximately 28 covers with a further 60 covers provided on the large terrace immediately to the rear of the property.
The property is held on a lease for a term of 25 years from 20th January 2014 at a rent which is to be to the higher of the base rent of £174,541.89 per annum or 16% of gross turnover. The base rent is subject to annual review which is linked to trading performance and the lease has the benefit of a tenant break option on 20th January 2029 upon giving the landlord 6 months notice in writing.
The property is subject to a service charge which for the most recent year was in the region of £41,000.
The lease is excluded from the security of tenure provisions of the Landlord & Tenant Act 1954.
The are certain restrictions within the lease regarding user. Further details are available upon request.
Rateable Value & EPC
The 2017 Rateable Value for the property is £198,000.
The property has an EPC rating of B – 46.
The property benefits from a premises licence permitting the sale of alcohol from 8am until 1am each day.
Viewings and terms
Interested parties are asked to undertake discreet customer visits in the first instance. No formal viewings will be permitted unless arranged through the joint selling agents Savills and CBRE. Under no circumstances should any direct approach be made to any of our clients staff.
The premises are available by way of an assignment of the existing lease.
EPC Rating is B (46)
|Floor / Unit||Type||Size||Status|
|Ground (Trading)||Pub||2661 sq ft||Available|
|1st (Trading & Ancillary)||Pub||2456 sq ft||Available|