The Compasses, 128 High Street, South Rushden, Northampton, NN10 0RB

Description

• Circa 100 internal covers
• Function room/dining room ideal for dining covers or functions
• Good sized commercial kitchen
• Large enclosed outside space
• three/four bed first floor accommodation
• Prominent frontage
• Good sized cellar
• Driveway/vehicular access to the rear
• Freehold sale

The site is well positioned on the edge of Rushden town centre. High Street is a busy road with lots of passing potential trade and there are a large number of homes and businesses nearby. The local population of Rushden is circa 32,000.

The site has a generous and welcoming lounge bar, fantastic sized commercial kitchen and excellent sized bright and spacious conservatory to the rear which can serve as a dining room, function room or meeting room.

To the rear and side of the premises there is vehicular access with a significant outside space which could provide off road parking for a number of vehicles. There is a smoking area which is enclosed to the sides and rear. In addition, there is a traditionally constructed outside storage building.

To the first floor there is well spaced managers accommodation with a flexible layout including 3/4 bedrooms, living room and bathroom.

The Compasses is a well-known community venue on the edge of Rushden town centre. The venue provides an excellent opportunity for an experienced operator to purchase a well-known and well supported site. The nature and position of the venue means that it offers a variety of scope to serve as a wet led premises or to use its kitchen space and function room to maximise the turnover potential. There is further potential to renovate the upper floors to either act as private residential accommodation or managers accommodation. Viewing is recommended to appreciate the full offering, the opportunity and its position.

Freehold
The purchaser (via their solicitor) will be required to pay a non-refundable abortive legal fee deposit of £5,000 (to be held by the seller’s solicitor) prior to the release of the legal package. The purchaser will have 15 working days from the date the legal package is released from the seller’s solicitor to the purchaser’s solicitor to exchange contracts. A 10% deposit is payable on exchange. Completion to be 15 working days after exchange of contracts.

The property is in an area administered by north Northamptonshire District Council. The 2023 rateable value has been assessed at £7,000. The domestic accommodation above the public house is in band A for council tax purposes.

We understand the premises is fully licenced. The licenced opening hours are: Monday to Saturday 10:00 AM to 11:00 PM and Sunday 12:00 PM to 10:30 PM.