2 bedroom pub for sale

CAMBRIDGESHIRE

£37,000

Property Description

Key features

  • Impressive Traditional Inn in an enviable central location.
  • Inviting open plan Bar with brick fireplace and open fire (circa 34).
  • Separate Pool Room.
  • Chinese Takeaway (franchised out, current rent £20,700 per annum).
  • Owners Accommodation with separate entrance and domestic kitchen.
  • Slabbed Patio Area with smoking shelter.
  • Enclosed family Beer Garden with children’s play area.
  • Patron’s Car Park (10 cars).
  • Advised turnover circa £199,527 (incl. VAT) for year ending November 2012.
  • Trade split 90% wet, 10% food.

Full description

Tenure: Leasehold

Ref 7500 LEASEHOLD

A RARE OPPORTUNITY TO ACQUIRE THIS WELL ESTABLISHED BUSINESS IN A SUPERB LOCATION WITH FURTHER GROWTH POTENTIAL

LOCATION
This well-appointed traditional inn is in an enviable main road central location and can be found on the A1123 between Earith and St. Ives in the historic village of Bluntisham, Cambridgeshire. Bluntisham is a typical rural Cambridgeshire village offering an array of local amenities such as a local village store, doctor’s surgery, garage, village hall, two schools and a church etc.
The picturesque larger town of St. Ives, with its charming river setting, shops and cafes etc is only five miles away and the historic market town of Huntingdon, famous for its race course, is also nearby.

THE PROPERTY
Is an impressive two storey building of brick construction under a pitched tiled roof and is in good condition throughout.

MAIN BAR (circa 34) is open plan and has a traditional atmosphere with feature brick fireplace with open fire, fully carpeted, two flat screen TVs, games and AWP machines, wooden bar server with two bottle fridges, glass washers and a full range of optics etc, furnished with pew seating and matching tables, chairs and stools.

POOL ROOM separate from the bar with tiled floor, wood panelling and pool table (owned by the vendors). It should be noted that this could be used as a dining room if the kitchen were to be claimed back.

CELLAR is located in an outbuilding, all in good order.

LADIES & GENTS W/C

CATERING FACILITIES There is a commercial kitchen which at present is rented out as a Chinese takeaway so consequently the appliances are not on the Inn’s inventory. The current rent is £20,700 per annum which accounts for the 10% food trade. We are advised that this is a rolling contract.

OWNER’S ACCOMMODATION
Situated on the first floor with separate access comprises of 1 double and 1 single bedroom, lounge, family bathroom and domestic kitchen.

EXTERNAL There is a slabbed patio area with covered smoking shelter, large enclosed family beer garden laid to grass with children’s play area including children’s play frame. There is also a patron’s car park for 10 cars.

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 1.30am
Sun 11am to midnight
Current opening hours are:
Mon-Thur 4.30pm to midnight
Fri 3.00pm to 00.30am
Sat/Sun Midday to 00.30am

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.

GENERAL REMARKS
The business is offered for sale as a lease assignment with approximately 6 ½ years remaining of the Punch Tavern’s full repairing and insuring, renewable agreement. We are advised that the inn is free of tie for wines, spirits, soft drinks, two guest ales and alcopops. We are informed that the rent is currently £26,105 per annum; no rent review is applicable as it is automatically index linked. 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 services (no services seen or tested).
Business rates payable are TBC.

THE BUSINESS
Our vendor clients purchased the business 3½ years ago in which time they have built up a good loyal wet trade from the local community and surrounding area and have become the hub of the village, with occasional live music. The kitchen is currently rented out to a Chinese takeaway operation as previously stated and has proved to be quite lucrative
The business is currently being run by a full-time management team, 1 cleaner and two part-time staff as and when needed. Due to other business commitments our vendor clients have now decided that they wish to assign the lease.
We are advised the accounts declare takings of circa £199,527 (inc. VAT) for year ending November 2012.
There is real growth potential to move this business to the next level by introducing a regular entertainments program to include live music, karaoke, quiz nights etc and also to possibly re-claim the kitchen to offer good quality pub grub.

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.

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, 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.
(IX) All prices quoted are excluding stock at valuation.




Energy Performance Certificates (EPCs)

Nearest station

  • Huntingdon (8.6 mi)
Distances are straight line measurements from centre of postcode

To view this property or request more details, contact:

Guy Simmonds, National Licensed Property Agents

Coppice Farm, Ashby Road Melbourne, DE73 8BJ

01332 448091 Local call rate

How much will it cost me to call the number displayed on the site?

Standard geographic charges from landlines and mobiles apply and calls may be included in your telecom provider's call package.

Map & Street View

Nearest station

  • Huntingdon (8.6 mi)
Distances are straight line measurements from centre of postcode

To view this property or request more details, contact:

Guy Simmonds, National Licensed Property Agents

Coppice Farm, Ashby Road Melbourne, DE73 8BJ

01332 448091 Local call rate

How much will it cost me to call the number displayed on the site?

Standard geographic charges from landlines and mobiles apply and calls may be included in your telecom provider's call package.

Disclaimer - Property reference 7500. The information displayed about this property comprises a property advertisement. Rightmove.co.uk makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and Rightmove has no control over the content. This property advertisement does not constitute property particulars. The information is provided and maintained by Guy Simmonds, National Licensed Property Agents. Please contact the selling agent or developer directly to obtain any information which may be available under the terms of The Energy Performance of Buildings (Certificates and Inspections) (England and Wales) Regulations 2007 or the Home Report if in relation to a residential property in Scotland.

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