Dyke's End Public House, Reach

Leasehold for Sale

Rent: New 'Nil Premium' Lease - Rental OIRO £28,500 Ex VAT per annum

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Established, thriving freehouse in beautiful Cambs village of Reach

Key Points

  • 169 sq m Gross External Area - (1,819 sq ft)
  • Easy access from Cambridge, Ely and Newmarket
  • Situated at Northern tip of Devil's Dyke
  • Cosy internal trade areas with additional dining covers/function room on the 1st floor
  • Refurbished commercial kitchen with full extraction and walk-in chillers
  • Pleasant front trade garden and dedicated parking to the rear

Location

Reach lies at the northern tip of the popular Devil’s Dyke and the Dyke's End is a short drive from Anglesey Abbey. The Dyke's End sits in a prominent unopposed position overlooking the village green and benefits from an affluent catchment including the larger village of Burwell.

Property

The Dyke's End is a characterful 2 storey brick built property under pitched slate roof.

Accessed from the front via a central porch, the ground floor provides a traditional bar and dining area with central wooden bar servery (c. 30 covers), as well as bar and darts area.  To the rear are refurbished male and female WC's. 

The commercial trade kitchen has recently been extended and comprehensively renovated with new equipment, extraction, wash up area and walk in chiller.  A basement cellar is accessed from behind the bar.

The first floor provides an additional dining/restaurant area for around 20 covers.  There is also domestic accommodation providing 2 double bedrooms, lounge and bathroom. 

The front provides a walled grassed trade garden overlooking the village green. To the rear is a car park with additional garden.

A single storey outbuilding was previously used as a brewery and could be reinstated for that use.  The front provides a walled grassed trade garden overlooking the village green.

Measurements

The area of the site, as measured from digital mapping, is approximately 0.31 acres and the ground floor footprint extends to 169m(1,819 ft2).  

Tenure

The property is available by way of a new FRI lease for a minimum of 10 years. The rent will be reviewed to open market rent on a 5-yearly pattern. The new agreement will be within the provisions of the Landlord & Tenant Act (1954).

The Landlord is the existing operator and the agreement will be completely 'free of tie'. 

There is no premium payable for the benefit of the new lease however the new Tenant will be expected to purchase the trade fixtures & fittings with stock at valuation on completion. 

Website

www.dykesend.co.uk 

Required Capital

Applicants must have sufficient capital available to cover 4 months' rent (3 months' as a deposit; 1 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
£8,640.00 per annum (based on a Rateable Value of £18,000)
Council Tax
£1154 per annum (Band A)

8 Fair Green
Reach
Cambridgeshire
CB25 0JD