3 bedroom pub for sale

CAMBRIDGESHIRE

£59,000

Property Description

Full description

Tenure: Leasehold

REF: 7815 LEASEHOLD

VERY WELL PRESENTED AND HIGHLY SUCCESSFUL 18TH CENTURY TRADITIONAL INN IN A TRULY ENVIABLE LOCATION IN THE AFFLUENT VILLAGE OF GLATTON, NR HUNTINGDON, CAMBS


Eye catching and well established traditional inn in a superb main road location.

Welcoming bar with feature fireplace, exposed beams and brickwork (circa 16).

Designated dining area (circa 18).

Cosy snug with feature fireplace and multi burner (circa 16).

Separate restaurant (circa 28).

Fully equipped commercial kitchen.

Spacious 3 bedroom owner's accommodation.

Extensive outdoor facilities including beer garden,marquee area and pantanque terrain.

CAMRA rural pub of the year 2014.

Advised current turnover circa 14,895 per month (inc VAT).

Trade split 60% wet, 40% food.

Free of tie lease 14 years remaining.

Trip Advisor Certificate of Excellence 2015.


A RARE OPPORTUNITY TO ACQUIRE THIS EXCELLENT AND THRIVING BUSINESS OFFERING COMFORTABLE LIVING ACCOMMODATION AND AN ENVIABLE LIFESTYLE WITH MASSIVE GROWTH POTENTIAL


LOCATION

This highly desirable and hugely popular traditional inn can be found in the very affluent and sought after village of Glatton on the B660, just off the A1 in the heart of rural Cambridgeshire. Whilst Glatton itself has no local amenities as such, the larger village of Sawtry, with it's shops, schools, doctors and sports centre etc and a population of over 6,000, is only one mile away. The busy market town of Huntingdon, with it's array of shops, cafes and picturesque river setting and also for it's famous race course, is approximately 8 miles away and the bustling and vibrant city of Peterborough is also in close proximity. Due to easy commuting to Cambridge, Peterborough and London and it's rural appeal, this area has become a very popular and sought after place to reside.

The Property

Is a very impressive two storey building of brick construction under a pitched tiled roof and is in good condition and well maintained throughout. It was demolished and re-built in the early 18th century with Dutch influence as can be seen by the bottle style gable ends for Peter Addison, and has been called The Addison since then and is now a listed building.

Bar (Circa 16) Is full of character and 'olde worlde' charm with a large feature fireplace with multi burner, exposed beams and brickwork. Fully equipped brick built bar servery with solid wooden top, bottle fridges and a full range of optics etc. Fully carpeted throughout and furnished with upholstered benches, coffee tables and matching stools. There is also a fish tank with tropical fish.

Dining Area (Circa 18) Which is off of the bar also with exposed beams and brickwork, fully carpeted and furnished with matching tables and chairs.

Restaurant (Circa 28) Which is separate and could be used for functions or private hire, also fully carpeted and furnished with matching tables and chairs.

The Snug (Circa 16) Has a charming cosy atmosphere with feature fireplace with multi burner, exposed beams, wood panelling, fully equipped wooden bar servery with coffee station, fully carpeted with matching tables and chairs and also has a dart board and flat screen T.V.

Catering Facilities There is a fully equipped commercial kitchen with extractor system, stainless steel surfaces, cooker, salamander grill, deep fat fryers etc, also separate prep area and dry store with fridge and freezer storage.

Cellar Located on the ground floor all in good order.

Ladies & Gents W/C with basic changing facilities.

Owner's Accommodation

Which is spacious and spread over two floors comprises of 3 double bedrooms, lounge, office, bathroom with separate w/c plus two attic rooms.

External

There are extensive outdoor facilities incorporating a large family beer garden laid to grass with an array of picnic tables and chairs, play equipment, pantanque tarain, marquee (marquee with table and chairs inc. in sale) bouncy castle, electric supply for caravans, smoking shelter and large patron's car park (36 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 11.00am to 11.00pm
Sun midday to 10.30pm
Current opening hours are:
Mon-Thur 11.00am to 3.00pm
05.00pm to 11.00pm
Fri/Sat 11.00am to 11.00pm
Sun midday to 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.

GENERAL REMARKS

The business is offered for sale as a lease assignment with approximately 14 years remaining
of the Criterion Asset Management full repairing and insuring renewable agreement. We are advised that the Inn is free of tie. We are informed that the rent is currently 50,800 per annum to be reviewed August 2020. 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 with LPG gas cooking and electric for heating (no services seen or tested). Business rates payable are advised as currently being circa 5,240 per annum.

THE BUSINESS

Our vendor clients bought the business in January 2016 and unfortunately due to family ill health and domestic pressure our vendor clients are no longer fully committed and only work part-time, which is having an adverse effect on the trade and therefore have decided to sell. We are advised that the current turnover is in the region of 14,895 (inc. VAT) per month. The business is currently being run by the owners part-time, one full-time chef and 6 part-time staff. Prior to the current owners taking over, this business had a highly successful trade and an excellent reputation for a traditional inn serving good quality home cooked food from the local community and surrounding area including Huntingdon and Peterborough. Due to it's exceptional and extensive outdoor facilities it is extremely popular with families and for hosting outside marquee events, and supports a pantanque team, two dart teams and several clubs including motor cycle and cycle club. Also, due to the superb location, this establishment is very popular with people pursuing outdoor activities and the many visitors and tourists to the area especially during the Summer months.

We are advised that accounts declare takings of circa 352,800 (inc. VAT) for year ending April 2015, the business was being run by the owners full-time, full-time chef and one other full-time and 8 part-time staff.

There is truly massive potential for new owners to take this business further by building on the already successful trade for a traditional inn with a good food offer but also by utilising the outdoor facilities to include more festivals, family days and marquee events etc.

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

  • Peterborough (8.3 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

  • Peterborough (8.3 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 7815. 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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