4 bedroom pub for saleLONGSTOWE CAMBRIDGESHIRE
1 sq. ft. | £35,000
- Business for sale
- Traditional Inn full of character.
- Inviting lounge/public bar (circa 30).
- Large characterful dining room (circa 50).
- Patio area; Charming beer garden.
- Fully equipped catering kitchen.
- 4-Bed owner’s accommodation.
- Good size car park (30 cars).
- Advised current sales circa £218,000 (incl. Vat) year end April 2009.
- Split 50% wet and 50% food.
- Offered on a new 15 year Free of Tie Lease.
This well established and profitable freehouse can be found nestling in South Cambridgeshire at Longstowe on the B1046. The highly populated up and coming new town of Cambourne is 3 miles away, the quaint town of St. Neot’s on the River Ouse is 10 miles away, as is the traditional town of Huntingdon with its popular race course which is not only frequented by race goers but also a great day out for families and tourists alike. The bustling university town of Cambridge with its many shops, restaurants and cinema is only 12 miles away and the Hertfordshire town of Royston is approximately 12 miles south.
The area is very popular for outdoor pursuits such as shooting, walking and horse-riding etc.
Longstowe Country Estate which covers 10,000 acres is nearby and Kingston Manor is also in close proximity.
Longstowe and the surrounding villages have become a popular place to reside as they are now considered to be within the London commuter belt.
Occupying a prominent main road position this Inn is of brick construction under a pitched slate roof.
Lounge Bar/Public Bar leading from the main entrance (circa 30) has a brick built open fireplace, tiled floor and exposed beams. There is a fully equipped bar servery with 2 x bottle fridges and a good range of optics etc.
Dining Room this is located to the left of the bar (circa 50) is full of character with exposed beams, tiled floor, grand piano and harmonium (advised not working). Both bar and dining rooms are tastefully decorated and furnished to a good standard enhancing the ambience of the property.
Ladies and Gents W.C’s. these are located to the rear of the bar area and are in good order.
Basement Cellar runs under the bar and we are advised fully equipped (not seen).
Catering facilities there is a fully equipped catering kitchen leading off the dining room with a separate washing up area, stainless steel work surfaces, griddle, deep fat fryers, microwaves and three large fridges etc. We are advised that all appliances were PAT tested January 2011 (not seen).
Is located on the second floor and consists of 3 double bedrooms and 1 single, private kitchen, office, lounge and family bathroom (not seen).
To the left of the property there is a good size car park (30 cars), fenced off patio area with tables and chairs and views over the paddock. There is also a separate charming family beer garden with trees, shrubs and a selection of tables and chairs to the right of the property at the rear.
It should be noted that the two central out-buildings (not included in the sale) could be used for further business development subject to separate negotiation with the landlord.
TRADING & LICENSING
We are advised that the business trades with the benefit of the Premises Licence (not seen) which permits the sale of alcohol during the hours of:
Mon-Sat 11am to midnight
Sun 11am 10.30pm
Current opening hours are:
Tues-Sat 12am 03.00pm
Sun 12am 10.30pm
NB. Important. Prospective purchasers wishing to continue to operate the public house should ensure that they gain the APLH Qualification in readiness for their intended operation of the Public House. Guy Simmonds hold this 1 day APLH Course every month. Please telephone us to reserve your place or book on-line at www.guysimmonds.co.uk
The business is offered for sale as a new highly favourable 15 year Private FRI Lease Agreement.
1. The asking premium will be £35,000.
2. The initial annual rent will be £27,500.
3. The annual rental is simply RPI linked to inflation every 3 years, hence no rent reviews.
4. Rent payable quarterly in advance.
5. Lease re-assignable after initial 2 year period.
6. Free of all brewery and supply ties.
7. Each party responsible for own legal costs relating to the transaction.
We are advised that at the end of the term, the Lease (not seen by Guy Simmonds) should be renewable with no further premium – subject to the provision of the Landlord & Tenant Act 1954.
We are advised that the inn benefits from mains electricity & water services and uses oil central heating, LPG gas for cooking and shared septic
tank (services not tested).
We are advised that the business rates payable are currently nil per annum - the business is exempt as it is the only public house in the village.
Our vendor client has been running the business for the past 12 years and currently runs it with one other member of staff. The vendor has built up a good food reputation and also enjoys a regular wet trade from the surrounding area. He now wishes to develop the land to the rear of the property into a caravan park which would be advantageous to the inn’s trade. He is also open to discussions as to plans for the
business with possible development of the out-buildings.
Considering the location of the inn there is a real opportunity to turn this inn into a quality destination food business catering for local and
tourist trade alike. There is also opportunity to seduce function trade from the surrounding area as it is ideal for weddings, parties etc. We are advised turnover for the year ending Aprl 2009 is circa £218,000 (inc. VAT) with a trade split 50% wet and 50% food.
In our opinion this is a rare opportunity to purchase a well established business in a good location with huge potential to expand the trade.
Accounting information will be made available to interested parties after viewing.
This business was viewed by Geoff Bryan who would be delighted to discuss further details and can be contacted on 07887 571720.
Viewing appointments must be made by contacting Guy Simmonds.
VIEWING: All appointments must be made through Guy Simmonds. Please note that these Sales Particulars are issued on the strict basis that all negotiations, viewings and contacts in connection with this business are conducted through Guy Simmonds who are appointed by the vendor to act under a Sole Selling Rights agreement with total confidentiality. Any breach of these terms may make you liable in law to litigation and damages. Under no circumstances must you approach the owner direct without a formal appointment or disclose to other customers and staff that the Premises are for sale.
TRAINING: For a brochure and dates of our award-winning training courses leading to the relevant B.I.I, qualifications (and APLH). Telephone (01332) 865112 or view on www.guysimmonds.co.uk Courses are monthly.
FINANCE FOR PURCHASING A LICENSED PROPERTY: We are in constant touch with a leading finance broker who specialises in arranging Business Finance for Licensed Properties. Whether you are purchasing a Licensed Property through ourselves, or another agent, we will be pleased to contact on your behalf our specialist who can arrange the necessary Finance Package for you at preferential rates. Please telephone for free and no obligation advice with regards to financing a Business.
Guy Simmonds for themselves and for the vendors or lessors of this property and/or business whose agents they are give notice that:-
(I) These particulars are a general outline for the guidance of intending purchasers (or lessees) and do not constitute an offer or contract, nor any part of an offer or contract.
(II) All descriptions, dimensions (note; 1ft. = 0.348 m), distances, maps/plans, references to condition, trading figures and other items in these particulars are given as a guide and no responsibility is assumed by Guy Simmonds for the accuracy of individual items. Intending purchasers (or lessees) should not rely on them as statements of representations of fact and should satisfy themselves as to the correctness of each item by making independent enquiries.
(III) Intending purchasers (or lessees) should make their own independent enquiries regarding the use of the property, necessary permissions for use and occupations, potential uses and any other matters affecting the property prior to purchase.
(IV) Guy Simmonds do not make or give whether in these particulars, during negotiations or otherwise, any representation or warranty in relation to this property. No responsibility is taken by Guy Simmonds for any error, omission or mis-statement in these particulars. Guy Simmonds do not warrant the accuracy of any accountancy information supplied and purchasers are advised to take independent advice in order to satisfy themselves.
(V) Guy Simmonds are unable to give any warranty as to the working order of any apparatus, equipment, fittings or services associated with the premises and therefore, cannot verify they are in full working order. Purchasers are strongly advised to obtain specialist reports prior to exchange of contracts in order to satisfy themselves.
(VI) All statements and descriptions are made without responsibility or warranty by Guy Simmonds, the vendors or lessees. Neither do Guy Simmonds nor the vendors/lessees hold ourselves responsible for any expenses whatsoever incurred by applicants inspecting Businesses which may be sold or withdrawn, to include travelling, valuation/survey, legal fees etc.
(VII) No person in the employment of Guy Simmonds has any authority to make or give any representation or warranty whatever in relation to this property.
(VIII) It should not be assumed that the contents of any photographs are included in the sale.
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