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The Smiling Mule is a traditional brick property with a wealth of charm and characteristic features. The property boasts a great location, set back from a busy through road with lots of residential housing locally and a massive site behind the pub is currently under development for a new housing estate which will be a great new consumer base to target.
Pub Layout
The Smiling Mule has a great traditional feel with lots of spaces to explore. As you enter the pub, you come into the main lounge area served by the main bar. When you carry on through there is a rear snug with an open fire, a lovely place to enjoy a drink in a cosy, peaceful space with its own small bar servery. It will be no surprise that cask ales play a crucial part in this pub. Beyond the snug, there is a conservatory style room which has most recently been used for a pool table. It has a great view of the garden (as well as direct access). The garden is large and consists mainly of a large lawn with childrens play equipment and a raised decking area which could be used for outside entertainment. Some large trees to one side will require attention occasionally, and there is also an outbuilding with a servery for hot summer days etc. Externally to the front of the pub there is a small car park. The pub is in good condition albeit slightly dated, and will benefit from a tasteful refurbishment which enhances its features.
Private Accommodation
The private accommodation consists of a kitchen/dining room, bathroom, lounge and three bedrooms. The standard is currently in need of an upgrade and the pub company commit to doing this as part of a bigger investment to the point of long term let.
* The private quarters are currently not able to be used, with a planned refurbishment required. The pub is marketed as a “lock up and leave” business to begin with.
Pre Capex Fianancials
Annual Rent: TBC – Stepped Rent Agreed:
Security Deposit: £2,000
Working Capital: £3,000
Stock: £1,000
Fixtures and Fittings: Upon Valuation – funding options available for the right licensee.
Tie: Partial Tie – Free of Tie on Wines & Minerals ( pre capex)
Training: £325 plus VAT
For a breakdown on financial information, please refer to the ‘Additional Info’ tab.
* Based on the April 2023 rating list, the Nil Rates Payable is based on small business rates relief being applied and the licensee only occupying one property for commercial purposes.
This pub would ideally suit someone with local knowledge, a passion for cask ales and a passion for community wet-led pubs and what it takes to make them exciting to the local consumer. The ideal applicant will have a passion for basics being done to a very good standard and for marketing the site using all marketing media to ensure the offer/message reaches a large audience.
Love Your Pub Group will send the above details on your behalf to your selected product provider(s)
Insurance disclaimer
Towergate Insurance Brokers is a trading name of Towergate Underwriting Group Limited. Registered in England No 4043759.
Registered address: 2 Minster Court, Mincing Lane, London EC3R 7PD. Authorised and regulated by the Financial Conduct Authority.
Finance disclaimer
Portman Finance Group includes Portman Asset Finance Limited (Reg No: 06226530) which is authorised and regulated by the Financial Conduct Authority for its credit broking activities and deals with a panel of lenders (FRN: 719988), Portman Leasing Limited (Reg No: 06797365) authorised and regulated by the Financial Conduct for Consumer Hire lending (FRN: 723730) and Portman Commercial Finance Limited (Reg
No: 10011121). The companies within Portman Finance Group are all registered in England and Wales with registered offices: 1 Pavilion Court, 600 Pavilion Drive, Northampton, NN4 7SL
Mortgage disclaimer
The Mortgage Hut Limited is an appointed representative of Mortgage Advice Bureau Limited and Mortgage Advice Bureau (Derby) Limited which are authorised and regulated by the Financial Conduct Authority. The Mortgage Hut Limited. Registered Office: Ground Floor, Threefield House, Threefield Lane, Southampton, Hampshire, SO14 3LP Registered in England Number: 07629941
Your home may be repossessed if you do not keep up repayments on your mortgage. There may be a fee for mortgage advice. The actual amount you pay will depend upon your circumstances. The fee is up to 1.5%, but a typical fee is 0.3% of the amount borrowed.
MISREPRESENTATION ACT 1967
The Love Your Pub Group gives notice that the contents of these particulars are believed to be correct but are given without responsibility and intending purchasers or lessees should satisfy themselves by inspection or otherwise to their correctness. These particulars do not form any part of any offer or contract and no person in the employment of the company has any authority to make or give representation of warranty to this property.
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