Leasehold Gastro Pub in Cambridgeshire For Sale

Business description

Bag a Business is delighted to be able to offer to market this quality gastro pub business based in the popular residential area of Godmanchester. The Exhibition public house has been in the careful hands of our client since 2005 and in this time they have embarked on a refurbishment program to all areas of the pub to a high standard and now only wish to put the business to market due to their desire to purchase a freehold public house. The business's prominent position produces all year round trade from new and repeat clients as well as tourists and wedding parties. The area of Godmanchester is an affluent community with an average yearly income of £26,000 per annum, very little unemployment and its close connections to both Cambridge and Peterborough produces all year round trade for the business, currently achieving £634,400 per annum with a gross profit of 64%. The pub offers its customers modern European cuisine, quality beers and wines both in the bar area and the 60 cover restaurant. Bag a Business recommend early viewing to appreciate the quality and scope of this gastro public house.

Property information

Property:

Leasehold

Lease terms:

Original lease length: 30 years
Remaining lease length: 16 years
Review every 5 years
Rent £ 43,000 per annum

Living accommodation:

Substantial two storey brick built detached property. GROUND FLOOR Front entrance Leading to: Open plan bar area with feature decor resembling the high street. Flagstone floor. Full bar with chiller fridges and storage for glasses. Quality solid wood furniture. Door leading to: Full commercial kitchen with 6-burner range, salamander grill, deep fat fryers, char grill, extraction system, stainless steel preparation tables, stainless steel tables with halogen heat lamps above. separate wash up, commercial microwave ovens and commercial grade dishwasher. Inner hallway leading to- Ladies and gents toilets 60 cover restaurant with flagstone floors, quality wood furniture and beamed ceiling. Ground floor cellar Bottle store Bar/server counter. FIRST FLOOR Owners' accommodation briefly comprising: Large landing kitchen with a range of quality units. Large lounge Office Master bedroom Full family bathroom 2 x further bedrooms storage cupboard. All owners' accommodation to a high standard. EXTERNAL Beer garden to seat 100 at the rear plus 20 to the front. Large car park for 40 cars approx Private walled owner's garden laid to lawn.

Location:

The Exhibition gastro pub is located in an ideal trading location in the picturesque and affluent area of Godmanchester in Huntingdon. The public house's position in the centre of the village creates good footfall which in turn provides all year round trade. Godmanchester is a picturesque village with a wealth of quality housing surrounded by open countryside and strong road links to the cities of Cambridge and Peterborough.

Other information

Trading hours:

To suit

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