Description
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.

Internal
Ground Floor
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.

First Floor
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.

External
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.

The Business
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.
The business is being operated under corporate management for several years.
Please contact Savills to discuss financial information.
Visit https://www.threelocksstokehammond.co.uk/ to access the website which contains more information on the business and opening hours.

EPC
The property has an Energy Performance Certificate rating of E-117.

Rateable Value
The following entry appears on the 2023 Rating List published by the Valuation Office Agency on the government website.
The Three Locks, Leighton Road, Stoke Hammond, Milton Keynes, MK17 9DD - £60,000.

Tenure
Freehold with vacant possession save for the north west trade terrace that is held on an annual licence.

Terms
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.

VAT
We anticipate that VAT will not be applicable as a TOGC.

Viewings
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.

Commercial Property in Stoke Hammond

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