Superb Cambs Investment Opportunity

£ 795,000
Tenure
Freehold
Description
  • Freehold sale of unopposed village freehouse subject to 20-year FRI lease (from April 2017)
  • Annual rental income of £60,000 with 5-yearly open-market reviews
  • Beautifully refurbished bar/restaurant offering immaculately appointed trading areas
  • 4x en suite B&B letting rooms and 2x independent flats
  • Private first floor manager's accommodation
  • Pleasant trade patio area and dedicated off-road parking
 
Property

The Queen Adelaide is predominantly a brick-built, two-storey building under a tiled roof with extensions and timber cladding. The pub and restaurant has been extensively refurbished to exacting standards in recent years and offers an attractive, spacious and practical trading space along with the benefit of letting rooms.

A central entrance opens into the open-plan trade space, which is decorated and furnished to a high standard, with restaurant dining areas to the front and a bar area with feature decorative fireplace and wooden servery to the rear. The whole area is capable of accommodating c. 90 covers. Male, female and accessible toilets are located off the main bar.

To the rear of the trade area is a well-appointed trade kitchen replete with commercial extraction and a cellar (ground floor). The property has the rare benefit of 2x 1-bedroom apartments, both self-contained and with separate access.

On the first floor there is a further self-contained 3-bedroom manager's apartment.

Outside, the property is set back behind a pleasant trade patio enclosed by low-level wall and dedicated graveled car park, which has space for c. 15 vehicles. A detached block to the side of the main building contains 4x en suite B&B letting rooms, 2 of which are double rooms and 2 single rooms.

Income

The sale is subject to a 20-year FRI lease which commenced on 24th April 2017 and is outside the provisions of the Landlord & Tenant Act (1954).  The income from this lease is £60,000 per annum, payable monthly in advance. The rent was reviewed on 24th April 2022.

A full copy of the lease is available to genuinely interested parties. 


Measurements

The area of the site is 0.4 acres. The ground floor area (GEA) of the public house, excluding outbuildings, extends to 348m² (3,747ft²). Measurements are taken from digital mapping and are approximate.

Planning

We are advised the premises is not Listed, nor is it situated in a Conservation Area. The relevant local authority is South Cambs District Council https://www.scambs.gov.uk/.

Rates & Charges

Business Rates: £15,219.50 (Based on a Rateable Value of £30,500)

Council Tax: Flats 1 & 2: Band A. Flat 3: Band B

Country
England
County
Cambridgeshire
Address
24 High Street, Croydon, Royston
Post Code
SG8 0DN
Under Offer
No
Reference Number
RF156166
  • 67 Views
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