Three Horseshoes, Stapleford
Leasehold for Sale
Rent: Passing rent - £28,000 Ex VAT per annum (exc VAT)
Price: Offers in the Region of £30,000 Ex VAT
Thriving wet-led freehouse in busy village close to Cambridge
- 0.3 Acres - (0 ha)
- Established wet-led freehouse with potential to greatly increase dry trade
- Well-presented pub 6 miles from Cambridge city centre
- Free of Tie lease with 15 years unexpired
- Dedicated car park and trade garden to front and rear
- EPC Rating: C (65)
Stapleford lies 3 miles from the M11 and just 6 miles south of Cambridge. The nearest railway station is in Shelford, providing links to Cambridge, Stansted Airport and London. The famous Imperial War Museum at Duxford, Wimpole Hall and Audley End House are within short drives and attract visitors to the area throughout the year. The Three Horseshoes is well-positioned within this desirable village, just off the A1301.
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.
The main bar area is accessed off the front via central lobby and provides a traditional newly fitted wooden servery, games area with darts, AWPs and billiards table and bar area for 30 covers. To the right hand side is a large light dining area with access to the garden which is comfortably laid out with 40 formal covers.
A commercial trade kitchen is found to the rear, with access to the rear car park, along with dry store, ground floor cellar, male and female WCs supporting these trade areas.
The 1st floor provides private accommodation comprising 3 bedrooms (2 double and 1 single), large living room and bathroom.
Externally a side tarmac car park provides space for around 20 cars, plus grassed rear trade garden, front patio and single storey garage and storage areas.
The site area is approximately 0.3 acres. The ground floor footprint (GEA) of the pub, including outbuildings, is 272 m² (2,928ft²). These measurements are taken from digital mapping and are approximate.
The fully repairing and insuring lease is held from Wellington Pub Company for a term of 20 years from 30th May 2013 at a current passing rent of £28,000 (exc VAT), subject to 5 yearly open market rent reviews.
The agreement is wholly 'free of tie'.
Offers in the region of £30,000 are sought for the benefit of the leasehold business, inclusive of trade fixtures & fittings and goodwill. Staged payments will be considered by the vendor. SAV in addition, on completion.
The Assignee will also be required to pay a rental deposit to the Landlord along with 3 months' rent in advance. Both the Landlord and the Assignor will seek proof of funding.
Rates & Charges
Business Rates£2,136.00 per annum (based on a Rateable Value of £13,000)
The business is eligible for 66% small business rate relief
Council Tax£1344.4 per annum (Band B)
2 Church Street