Leisure for sale - Three Locks, Leighton Road, Stoke Hammond, Milton Keynes, MK17 9DD

<strong>Description</strong><br>The pub traces its origins to the early 1900s and retains much of its original charm, including sympathetic architectural touches and exposed timbers within a narrow building that merges bar and restaurant areas. The venue exudes that “traditional British pub” appeal, with a striking balance of old-world ambiance and warm hospitality.<br><br><strong>Internal</strong><br>Ground Floor<br /> The ground floor comprises an open plan trading area with long bar survey and seating for circa 40 customers. There is a raised restaurant area with seating for around 60 customers and an open kitchen beyond. Stores, beer cellar, ladies, gentlemens and accessible WCs are all at ground floor level.<br /> <br /> First Floor<br /> There are 2 first floor areas with separate access. The first provides a development opportunity to create a studio flat. The second is a large staff flat providing 4 bedrooms, living room, kitchen and 2 bathrooms.<br /> <br /> External<br /> Externally there are extensive trading areas on both sides of the property but in particular a large patio overlooking the canal. There is seating for over 100 customers. Additionally there is parking for at least 20 cars.<br><br><strong>The Business</strong><br>The Three Locks is an iconic pub with a strong and loyal local following as well as a destination for those looking for an easily accessible waterside destination. The reputation for good pub food and well-kept beers draws custom from the wider area too, all combining to create a mature and profitable business.<br /> The business is being operated under corporate management for several years.<br /> Please contact Savills to discuss financial information. <br /> Visit https://www.threelocksstokehammond.co.uk/ to access the website which contains more information on the business and opening hours.<br><br><strong>EPC</strong><br>The property has an Energy Performance Certificate rating of E-117.<br><br><strong>Rateable Value</strong><br>The following entry appears on the 2023 Rating List published by the Valuation Office Agency on the government website.<br /> The Three Locks, Leighton Road, Stoke Hammond, Milton Keynes, MK17 9DD - £60,000.<br><br><strong>Tenure</strong><br>Freehold with vacant possession save for the north west trade terrace that is held on an annual licence.<br><br><strong>Terms</strong><br>The guide price is £800,000 for the benefit of the freehold interest in the property, business goodwill and all trade related fixtures and fittings. The sale will be a Transfer of a Going Concern with staff to be transferred under TUPE regulations. Stock is to be purchased in addition at valuation on completion of the sale.<br><br><strong>VAT</strong><br>We anticipate that VAT will not be applicable as a TOGC.<br><br><strong>Viewings</strong><br>The property is trading and under no circumstances should the business or staff be contacted directly. We recommend a discreet customer visit in the first instance. All formal viewing arrangements and enquiries shouldbe directed to the sole selling agents, Savills.<br><br>