Leasehold for Sale
Rent: Headline Rent - OIRO £30,000 Ex VAT per annum (Initial rental incentives available)
Superbly positioned site at the centre of expanding Cambs village
- 0.2 Acres - (0 ha)
- New 20 year 'free of tie' FRI lease available
- Initial rental incentives available
- Attractive property situated opposite the green in a large, and expanding, village
- Dual internal trade areas with large commercial kitchen
- Private accommodation, dedicated parking and trade patio
- EPC Rating: C (67)
Brampton is a village in west Cambridgeshire, 2 miles SW of Huntingdon. It has a population of 4,862 (2011 census). Part of the former RAF base was demolished in January, clearing space for hundreds of new homes in the village. The Montaz is charmingly positioned, facing the green.
The Montaz Restaurant is a 2 storey brick built building under a pitched tiled roof. There are single storey extensions to the front and rear.
The internal trading area is accessed from the front or the car park. The front entrance leads into a corridor where the dual trading space is served by one island bar. In total, these areas would serve in the region of 60 covers.
The internal trading area is supported by a large commercial kitchen (with commercial extraction), adjoining preparatory area and small ground floor cellar. There are also male, female & disabled WCs present. The 1st floor accommodation is accessed from the rear of the bar and consists of 2 double bedrooms, lounge and bathroom.
Externally, the property provides c. 10 parking spaces along with a trade patio. There is also a rear outbuilding providing further storage.
The area of the pub site 0.2 acres and the ground floor footprint extends to 212m² (2,281ft²). These measurements are taken from digital mapping and are approximate.
The property is available by way of a new FRI 'free of tie' lease of 20 years. There is no premium payable for the benefit of the new lease.
Initial rental incentives will available with the rent expected to reach a headline of £30,000 per annum (exc VAT) in year 3 of the agreement.
Rent reviews will be on a 5-yearly pattern with annual RPI increases.
The property is currently closed. No previous trade is warranted.
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£0.00 (based on a Rateable Value of £11,500)
The property benefits from 100% small business rate relief
Council Tax£1323.6 per annum (Band B)
40 The Green