Six Bells, Horringer
Leasehold for Sale
Rent: Ingoing Rent - £25,000 Ex VAT per annum exc VAT
Well-positioned refurbished freehouse adjacent to Ickworth House
- 302 sq m Gross External Area - (3,251 sq ft)
- New 'free of tie' lease available at nil premium
- Refurbished open plan trade areas and conservatory
- Large rear trade garden and patio, plus detached barn
- Substantial 4 bedroom domestic accommodation
Horringer is well located around two miles south-west of Bury St Edmunds on the A143 and around two and a half miles south of the A14. It is home of Ickworth House and Gardens, which is run by the National Trust. The Six Bells is situated at the centre of the village.
The Six Bells is a detached 3 storey brick building under pitched slate roof. The ground floor is accessed from a central lobby entrance leading into a bar area with approximately 22 covers. To the right hand side is a dining area with space for around 24 additional covers. To the rear is a conservatory area with space for an additional 12-14 covers. The internal trade areas have been refurbished throughout and are presented superbly.
Serving these areas are male and female WC's, with access to the rear car park and ground floor cellar with delivery access to the front. In addition there is a commercial trade kitchen, separate wash up and prep area as well as bottle & spirit store and separate area for dry goods storage area.
The upper floors provide domestic accommodation comprising double bedroom, double ensuite bedroom, lounge and bathroom on the 1st floor. The second floor comprises supplementary accommodation including single and double bedroom and further lounge area.
Externally there is a front shingle car parking area for 6 cars as well as tarmac rear car park for an additional 15 cars. A rear patio area is accessed from the conservatory and leads onto a larger grassed trade garden with space for 60 covers in total. A single storey barn, under pitched tiled roof, provides storage areas and an opportunity to develop for alternate uses, subject to the necessary consents.
The area of the site, as measured from digital mapping, is approximately 1540m², or 0.38 acres, with the ground floor footprint (GEA) extending to 250m² (2,690 ft²) with an additional 52m² (560 ft²).
The property is available by way of a new FRI 'free of tie' lease for a term to be agreed. The ingoing rent is £25,000 per annum (exc VAT) rising to £30,000 (exc VAT) in year 2 of the agreement. The lease will be subject to an open market review in year 5 and 5-yearly intervals thereafter.
The freehold interest is also available by separate negotiation.
Fixtures & Fittings
The trade fixtures & fittings will be purchased as an ingoing by the tenant for £15,000. Stock will be bought in addition, at valaution, on completion.
Applicants must have sufficient capital available to cover 6 months rent plus VAT (3 months as a deposit; 3 months rent in advance), insurance, legal fees and working capital. Proof of funding will be sought. Please call 01223 370055 to discuss these ingoings in more detail.
Rates & Charges
Business Rates£10,722.75 per annum (based on a Rateable Value of £21,750)
Council Tax£1217.09 per annum (Council Tax Band: B )