Three Horseshoes

£ 40,000
Tenure
Leasehold
Description
  • Assignment of 10-year FRI lease commencing May 2013
  • Unopposed village pub just four miles SW of Cambridge
  • Consistent, well-supported business with good profit levels
  • Cambridgeshire CAMRA Rural Community PotY 2017
  • Charismatic internal trade areas and large garden
Property

The Three Horseshoes is predominantly a two-storey building built under a pitched tiled roof. It has been extended a number of times to the side and rear. 

The nuanced internal trade area has dual accesses from South Street. Here, a brick built servery caters to c. 40 covers in total. These spaces are ably supported by a commercial kitchen and supporting preparatory/wash up room. The beer cellar is situated at a ground floor level with easy dray access from the front of the building. There is also a basement which is not currently utilised. 

The first floor accommodation consists of a double bedroom, lounge and bathroom. This is supplemented by further living space at ground floor level, adjacent to the kitchen, which could be utilised for further commercial back of house purposes, if required. 

Externally, the property benefits from extensive gardens with a large willow tree at its centre. There is also a patio area immediately to the rear of the pub with covered seating and a private garden space which incorporates a number of storage solutions. Parking is available for c. 15 vehicles. 


Measurements

Site area - 0.62 acres. Ground floor footprint (GEA) - 220m² / 2368ft² (excluding sheds). 

Measurements are taken from digital mapping and are approximate. 

Tenure

The premises is held on a 10-year lease from Stonegate Pub Partners, expiring on 16th May 2023. The lease is protected by the Landlord & Tenant Act (1954) affording the Lessee the automatic right to renew their agreement at its culmination. The lease is full repairing and insuring with a passing rent of £29,038.58 per annum (excluding VAT). 

Offers made subject to an extension of the unexpired term will be considered by the Vendor, subject to Landlord's consent. 

Premium

Premium offers are sought in the region of £40,000 for the benefit of the leasehold interest, inclusive of all goodwill and trade fixtures & fittings (save for 3rd party owned items). Stock at valuation will be payable in addition on completion.

The Business

The business has operated very consistently and profitably under the existing ownership. Profit & Loss accounts can be made available to genuinely interested parties following a viewing. 

Rates & Charges

Rateable Value: £10,250. The business is eligible for 100% small business rate relief. 

Council Tax: Band 'A'. 

Country
England
County
Cambridgeshire
Address
22 South Street, Comberton
Post Code
CB23 7DZ
Under Offer
No
Reference Number
RF147254
  • 125 Views
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