Guest House for rent

The Green, Woodwalton, Huntingdon PE28 5YN, UK


£2,000 per month
£24,000 per annum
S.O.A.

Description

Property
The Elephant & Castle fronts The Green and the primary internal trading area can be accessed here. The traditional bar area benefits from a wooden servery with space for c. 35 covers, subject to social distancing. This is ably supported by a private dining area which is not currently utilised.

To the rear of the bar is a commercial kitchen along with male, female and disabled WCs. There is also a beer cellar at ground floor level.

The first floor accommodation comprises a domestic flat of one bedroom, large lounge, office and bathroom.

The 13-bed letting accommodation is housed in two detached letting blocks. All rooms are ensuite with two family rooms and 11 doubles. There is a detached barn used for storage in addition. The property also benefits from plentiful car parking along with a fenced beer garden and further garden to the rear of the site.

Measurements
The area of the site extends to 0.43 acres. The ground floor footprint (GEA) of the public house, letting blocks and barn extends to 489m² (5,263ft²). Measurements are taken from digital mapping and are approximate.

Tenure
The property is available by way of a new 'free of tie' lease with an expected starting rent in the region of £24,000 per annum. The rent is not subject to annual indexation and is paid monthly in advance, with a three year review cycle. There is no premium payable for the benefit of the new lease.

Ingoing rental incentives will be offered, subject to the tenant’s assessed covenant strength and overall business plan.

Applicants must have sufficient capital available to cover the first months' rent, which will be paid in advance along with a rent deposit of £6,000, building insurance, legal fees and working capital. Proof of funding and a business plan will be sought.

Fixtures & Fittings
The Tenant will be required to buy the trade fixtures & fittings as an ingoing at valuation. Staged payments may be accepted by the Landlord, subject to terms.

The Business
The business ceased trading in March 2020; the previous tenants having been in situ for c. 6 years. The Landlord does not have access to previous trading information.

Rates & Charges
Rateable Value: £15,500. The Government has introduced a business rates holiday for retail, hospitality and leisure businesses in England for the 2020-2021 tax year (18 March 2020).

Council Tax: Band 'A'.

Categories

Guest HousesHotelsPubs
Call
Property reference
Elephant & Castle - Woodwalton
staff

Chris Rogers