5 bedroom pub for sale

CAMBRIDGESHIRE

£59,500

Property Description

Full description

Tenure: Leasehold

Ref 8207 LEASEHOLD

MOST IMPRESSIVE LONG ESTABLISHED AND HIGHLY SUCCESSFUL TRADITIONAL INN AND RESTAURANT IN AN ENVIABLE CENTRAL LOCATION IN THE AFFLUENT CAMBRIDGESHIRE VILLAGE OF KIMBOLTON

Superb prominent position in the sought after Cambridgeshire village of Kimbolton.
Cosy and inviting Lounge (circa 18) full of 'Olde Worlde' charm.
Welcoming Public Bar.
Conservatory/Dining Room (circa 28).
Separate Restaurant/Function room (circa 30).
Fully equipped Commercial Kitchen.
Spacious and flexible 4-5 Bedroom Owner's Accommodation.
Large Enclosed Patio Area.
Private Parking for three cars.
Advised current turnover circa £427,228 (inc VAT) for y/e May 2018 based on 10 months only.
Trade split 60% wet, 40% food.
Renewable lease.

A RARE OPPORTUNITY TO ACQUIRE THIS EXCELLENT WELL ESTABLISHED AND THRIVING TRADITIONAL INN AND RESTAURANT OFFERING FURTHER GROWTH POTENTIAL WITH AN ENVIABLE LIFESTYLE

LOCATION
Kimbolton is a picturesque affluent and highly sought after Cambridgeshire village which can be found on the B645 just off the A14 West of Huntingdon. Kimbolton is a long established village with a population in excess of 1500 and dates back to medieval times. It is famous for its castle being the home and later prison of Catherine of Aragon where she died in 1536. The Castle is a very prominent building which is now an Independent Day and Boarding School and dates back to Norman times. Kimbolton is known locally for its facilities such as shops, post office, doctors, cafes and church etc. and up until 1959 it had its own railway station, The larger market town of St. Neots, with its shops, cafes and river setting is only 8 miles away, the busy and vibrant town of Bedford is 14 miles away and the popular town of Huntingdon, famous for its race course, is also in close proximity.
The Property
Is an eye catching three storey building of brick construction under a pitched slate and tiled roof believed to be around 300 years old and has been well maintained throughout.
The Lounge (Circa 18)
Has a cosy welcoming atmosphere full of Olde' Worlde' charm with exposed beams and brickwork, feature fireplace with open fire, part carpet and part stone floor, and is furnished with an array of sofas and easy chairs.
Public Bar
Has a traditional and inviting feel with a superb fully equipped wooden bar servery, bottle fridges, wine storage and a full range of optics etc., exposed beams and brickwork, tiled floor and flat screen T.V.
Conservatory/Dining Room (Circa 28)
Also with exposed beams and brickwork, tiled floor, wooden panelling, waitress station and is stylishly furnished with oak tables and matching high back leather chairs.
Restaurant/Function Room (Circa 30)
Separate to the bar and conservatory has exposed beams and brickwork, fully carpeted and furnished with matching tables and chairs and is ideal for smaller gatherings and functions such as parties and meetings etc. It should be noted that the large gilt framed mirror is not included in the sale.
Ladies & Gents W/C all in good decorative order and well maintained.
Catering Facilities
There is a fully equipped commercial kitchen (equipment not tested) with stainless steel surfaces, extractor system, cooker, grills, dishwasher, fryer and storage cabinets etc., also a walk-in fridge. It should be noted that a new oven, fat fryer, industrial freezer and waitress fridge freezer were all installed in 2018.
Owner's Accommodation
Is spacious and flexible, located on the 1st and 2nd floor and comprises of 4-5 double bedrooms,
lounge, dining room, kitchen, office, family bathroom and shower room.
External
There is a large enclosed patio laid to slabs with matching tables, chairs and parasols (new 2018). There is also private parking for three cars.
Cellar
Is housed in an out building linked to the bar and is in good order and well maintained.
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 23.00pm
Sun Midday to 22.30pm
Current opening hours are:
Mon-Sat 11.00am to 23.00pm
Sun Midday to 22.30pm

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 2 years remaining
of the Charles Wells full repairing and insuring renewable agreement. We are advised that the Inn is fully tied. We are informed that the business rent is £61,556 (Inc. VAT and service charges) per annum to be reviewed T.B.C. 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) with calor gas for cooking, heating and hot water. Business rates payable are advised as
currently being circa £15,080 per annum.

THE BUSINESS
Our vendor clients took over the business in 2017 and since then they have built up a well-established and thriving trade with a good and loyal wet trade and an excellent reputation for good quality home cooked food from the local community and surrounding area. Due to the superb location and the excellent welcoming atmosphere this establishment is not only extremely popular with the local community but also with the many visitors to the area all year round. With the added benefit of several clubs and associations using this establishment such as The Rotary Club, Squash Club, Badminton Club and the Campanology Society with occasional live music, this venue has become the hub of the community.
The business is currently being run by the owners full-time, two full-time chefs/kitchen staff, 1 full-time and 2 part-time bar/waitress staff.
We are advised that accounts declare takings of circa £427,228 (inc. VAT) for year ending May 2018 based on ten months trading only.
There is real growth potential for new owner operators to expand on this already successful business by continuing with the established regular trade and by increasing the entertainment offered to include quiz nights, theme and family days and increasing the live music, also by utilising the excellent and versatile facilities for private functions such as wedding receptions, parties and meetings 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.

Details prepared Feb 2019.

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

  • St. Neots (7.5 mi)
Distances are straight line measurements from centre of postcode

To view this property or request more details, contact:

Guy Simmonds Business Transfers Limited , National Licensed Property

Coppice Farm, Ashby Road Melbourne, DE73 8BJ

01332 448136 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

  • St. Neots (7.5 mi)
Distances are straight line measurements from centre of postcode

To view this property or request more details, contact:

Guy Simmonds Business Transfers Limited , National Licensed Property

Coppice Farm, Ashby Road Melbourne, DE73 8BJ

01332 448136 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 8207. 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 Business Transfers Limited , National Licensed Property. 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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