Three Horseshoes - Stapleford

£ 95,000
Tenure
Leasehold
Rent (per annum)
£ 32,000
Description
  • 'Free of tie' lease with 16 years unexpired
  • Thriving and growing turnkey business displaying turnover in excess of £50k p/m
  • Recently subject to comprehensive refurbishment throughout
  • Spacious internal trade area for c. 80 covers
  • Delightful landscaped trade gardens with tables for a further c. 80 covers
  • Commercial trade kitchen and 3-bed private accommodation
Property

The Three Horseshoes is a substantial brick-built property under pitched tiled roof which has been extended, providing a large single-storey trade area to the side. It has been subject to a comprehensive refurbishment plan and is presented in excellent order throughout.

The main bar area is accessed off the front via a central lobby and provides a traditional newly fitted wooden servery, lounge and dining areas for c. 30 covers. To the right hand side is a large and light, dual aspect dining area with access to the garden and dining tables for 34 covers. Male and female WCs are found to the rear, where there is another access door to the garden.

The back of house comprises a well-equipped commercial trade kitchen with extraction, dry store, access to the car park and the cellar, which is at ground floor level.

On the first floor there is impressive private accommodation including an open plan living/kitchen area, 2 bedrooms, office/3rd bedroom a bathroom and further wet room.

Outside, there is a dedicated car park providing spaces for c. 17 vehicles. The front garden is partly enclosed behind hedgerow and has 10 tables providing 40 covers. The delightful landscaped rear garden is partly paved and laid to lawn, with a variety of well-planted borders. It features a timber and felt barbeque hut which could easily double up as an outdoor bar, along with 8 tables providing c. 46 covers.


Measurements

The site area is approximately 0.3 acres. The ground floor footprint (GEA) of the pub, including outbuildings, is 272m² (2,928ft²). These measurements are taken from digital mapping and are approximate. 

Tenure

The FRI lease is held from Wellington Pub Company, expiring on 2nd December May 2037 at a current passing rent of £32,000 (exc VAT).  The agreement is subject to 5 yearly open market rent reviews and is wholly 'free of tie'.

Premium

Premium offers are invited for the existing lease, inclusive of all trade inventory and goodwill, in the region of £95,000. SAV in addition on completion.

The Business

The business is open and trading 7 days a week. During our clients time operating the business it has experienced consistent growth and strong levels of turnover, which in the past year has been in excess of £50,000 p/m for the months where there has been fewer restrictions due to the COVID pandemic. Detailed accounts will be made available to seriously interested parties following a viewing.

Rates & Charges

Rateable Value: £13,000
Council Tax: £1,533 per annum (Council Tax Band: B)

Country
England
County
Cambridgeshire
Address
2 Church Street, Stapleford
Post Code
CB22 5DS
Under Offer
No
Reference Number
RF181086
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