The Cabinet, High Street, Reed, Royston, Hertfordshire SG8 8AH

SOLD AFTER THE AUCTION

A rare opportunity to purchase a public/restaurant investment with residence in this beautiful village of Reed located outside Royston let on a 7 year lease for £49,000.

The property is located in a popular idyllic village and would make a great commercial investment for a new buyer. The pub/restaurant has been tastefully renovated to a high standard and has a 7 year lease in place for £49,000 per annum. The four bedroom owners living accommodation is finished to a high standard throughout retaining period features throughout.

The pub which serves Italian food has a lovely bar area with indoor and outdoor seating with access to plenty of parking. The owners accommodation comes with parking to the side for 2/3 cars.

Please note there is an additional option to purchase the large parcel of land to the left hand side of The Cabinet which can be negotiated as part of the purchase or at an agreed later date to the buyer. Further details available on request. The owner is looking for in the region of £150,000 but is open to negotiating a price for the total lot.

Business Rates Current rateable value (1 April 2023 to present)
£8,900
Downstairs Accomdation Living room, open plan kitchen/dining room, utility area, bedroom currently being used as a sitting room, bedroom with a jack and jill style luxury shower room.
Upstairs Accomodation Two good size bedrooms and a luxury family bathroom.
Pub/Restaurant Bar area leading through to seating area, toliets, kitchen and second prep room.
Pub Outside Ample outside seating area and parking to the front.
Outside To the rear of living accommodation is a lovely lawned garden backing onto fields and parking to the side of the property.
Land to the left hand side of The Cabinet Please note there is a parcel of land to the left hand side of the property which can be purchased by separate negotiation with the seller which can be brought either at the same time or at a later date which they are looking for in the region of £150,000 please see the auctioneer for more details.
Council Tax Band F

Tenure: Freehold

Administration Fee: £1200 inc VAT payable on exchange of contracts.

Buyer's Premium Fee: £1200 inc VAT payable on exchange of contracts.

Disbursements: Please see the legal pack for any disbursements listed that may become payable by the purchaser on completion.