Bell Hotel, Mildenhall

Leasehold for Sale

Price: Offers in the Region of £65,000 Ex VAT

PRICE REDUCTION

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Suffolk town centre hotel with 17 en-suite letting rooms and self-contained function room licensed for 200

Key Points

  • 874 sq m Gross External Area - (9,408 sq ft)
  • Dominating central hotel with an excellent mix of income streams
  • Bar, restaurant plus reception rooms supported by commercial kitchen
  • 17 ensuite letting rooms plus 3-bed domestic flat
  • Self-contained (with kitchen and bar) function room licensed for 200
  • Further function room suitable for meetings or private dining

Location

Mildenhall is a Suffolk market town with a population in excess of 10,000 (2011 census). There is a RAF base in the town and also at the nearby Lakenheath. The Hotel is prominently positioned within the town on the High Street within a short driving distance of Newmarket, Bury St Edmunds and Cambridge.

Property

The Bell Hotel is primarily accessed from the High Street. Here, access is obtained to the receptions rooms along with a staircase to the 1st floor accommodation. There is also direct access to the bar area which is catered to by a wooden servery. In addition there is a dedicated restaurant area and a smaller function room ideal for meetings or private dining. The commercial kitchen is large, very well-equipped and supported by preparatory areas and an office. There is also a beer cellar and WCs.

The Bell also benefits from a self-contained function room, licensed for 200 persons. This is utilised for weddings and other large functions. The function room has its own bar, trade kitchen, WCs and cellar. There is also a secondary function room which is suitable either for meetings or private dining.

The 1st floor accommodation primarily consists of 17 ensuite letting bedrooms. Amongst these, 5 are family rooms, 2 kingsize, 3 singles and 7 doubles. In addition, there is a domestic flat. This comprises: 3 bedrooms (2 doubles), lounge, kitchen and bathroom.

Externally, the property provides 10 parking spaces along with a rear patio which incorporates a number of picnic benches. The detached outbuilding (footprint- 81m² aprx) provides further storage.

Measurements

The ground floor footprint of the public house, as measured from digital mapping, extends to 874 m² (9,408 ft²) including the rear outbuilding. The site area is approximately  0.38 acres.

Tenure

The property is held under a FRI lease, within the Landlord & Tenant Act (1954), for a term of 20 years culminating in 2023. The passing rent is £72,000 per annum, exc VAT.

The property is being sold leasehold. Offers in the region of £65,000 (exc VAT if applicable) are sought.

Fixtures & Fittings

All trade fixtures and fittings will be included in the sale, save for any personal items. It is the intention that an inventory will be agreed between the both parties and annexed to the sale contract. 

Trading Information

The gross turnover of the business is in the region of £500,000 per annum. Full accounts can be made available to genuinely interested parties.

Rates & Charges

Business Rates
£20,459.50 per annum (based on a Rateable Value of £41,500)
Council Tax
£1070.23 per annum (Council Tax Band: A)

25 High Street
Mildenhall
Suffolk
IP28 7EA