Pub for rent - High St, Bourn, Cambridge CB23 2SQ, UK

Fixed price £4,125 per month£49,500 per annum

For Rent

Property information

Status:
Available
Type:
Rent
Address:
Cambridgeshire, CB23 2SQ
Categories:
PubsRestaurants
Features:
On site restaurant, Staff accommodation
Listed on:
23-09-2019

Commercial

S.O.A.


Description

The Willow Tree is an attractive, detached rendered building with a gambrel roof and dormer windows. It is predominantly arranged over two storeys, with a single storey extension to the rear.

Presented to a high standard, the ground floor trade area can be accessed via two entrances and comprises a bar area with feature fireplace and wooden bar servery catering for c. 20 covers, dining area with multi-fuel stove providing c. 40 covers. Male, female and accessible WCs are all present. Located to the rear is a well-equipped commercial trade kitchen with extraction and ancillary prep and wash up areas. The cellar is located at ground floor level.

On the first floor, there is managers accommodation comprising 2 bedrooms, living room, office, kitchen, bathroom and roof terrace.

Outside, there is a delightful timber decked al fresco dining area with retractable canopy over, with seating providing around 30 additional covers. A well-tended trade garden to the rear could provide a further 50 covers, subject to layout. The rear dedicated car park has 15 marked car parking spaces.

The Business

The Willow Tree boasts an excellent reputation which has been recognised in recent years with features in both the Michelin Guide and Gourmet Guide. As a destination pub/restaurant, the trade is food-led, with dry sales accounting for 66% of trade and wet sales 33%. The business is currently achieving an annual turnover in the region of £550,000 (net). The business is also well-known for weddings and other events. 'Willowfest' and monthly comedy nights are, weather permitting, hosted in the tipi in the garden.

Detailed financial information can be made available to genuinely interested parties.

Tenure
The property is available by way of a new FRI lease with a headline rent in the region of £49,500 per annum. The rent will not be subject to annual indexation and will be paid monthly in advance, with a five year review cycle to open market rent. The agreement is wholly free from any purchasing ties.

Our client will also seriously consider a freehold sale.

Premium
Premium offers of £49,500 will be sought for the benefit of the new lease. This will include the purchase of the trade fixtures & fittings and goodwill. A full trade inventory will be provided by the Landlord to include the tipi.

Applicants must have sufficient further capital available to cover 4 months' rent (3 months as a deposit; 1 month rent in advance), building insurance, legal fees and working capital. Proof of funding and a business plan will be sought.

Rates & Charges
Business Rates Payable: In the region of £13,000 pa

Council Tax: Band A



Disclaimer

Property reference: Willow Tree - Bourn

The information exhibited about this property relates to a property listing advertisement. Commercial People Ltd makes no assurances as to the accurateness or completeness of the said advertisement or any connected or associated information. Commercial People Ltd has no control over the content of the advertisement. This property advertisement does not constitute property particulars. All information is provided and maintained by Everard Cole. In the event of any discrepancies, we ask that you please contact the selling agent or developer directly.

company-logo

Everard Cole
Cambridge,
CB3 0AX,
GB

View more properties from this agency

Property reference: Willow Tree - Bourn

Agents details


staff-img

Jordan Hackney

staff-img

Chris Rogers

advertisement