Kings Head, Sawston
Leasehold for Sale
Rent: New 'Nil Premium' Lease - Rental OIRO £32,000 Ex VAT per annum (exc VAT)
Superbly positioned pub with 4 en-suite letting rooms located at the centre of the popular village of Sawston
- 0.32 Acres - (0 ha)
- Prominent location in large Cambridgeshire village
- 4 ensuite letting rooms
- New 10 year ‘free of tie’ FRI lease available
- The Landlord will make a capital contribution of £20,000 towards the refurbishment of the letting rooms
- A 3 month rent-free period is also available and there is no inventory cost
- EPC Rating: E (113)
Sawston is a sought-after village located around 7 miles to the south of Cambridge, with a population over 7,000. The Kings Head occupies a corner plot at the heart of the village and is well served by an excellent range of amenities. Whittlesford mainline station is circa 2 miles away and junction 10 of the M11 is approximately 3 miles away. There is a regular bus service and cycle path to Cambridge City Centre.
The Kings Head is predominantly a 2-storey brick-built building under a pitched roof. The main pub building is supplemented by a detached letting block which houses 4 ensuite letting rooms (1 x 2 bedroom family unit and 3 x doubles).
The primary bar area features a wood-burning stove and traditional servery, catering to c. 25 covers. The secondary bar caters to 15 further covers from the same servery. A well-equipped commercial trade kitchen and prep area is present but not currently utilised.
Domestic accommodation is situated at 1st floor level. This consists of 3 bedrooms, lounge and bathroom.
A driveway directly from the High Street leads to a car park which provides 10-12 parking spaces. Beyond is a very pleasant trade garden which is predominantly laid to lawn but with patio areas providing a further c. 20 al fresco covers but this could be increased, if required.
The area of the pub site is 0.32 acres and the ground floor footprint (GEA) of the public house extends to 152m² (1,639ft²). The detached letting block measures 92m² (996ft²).
These measurements are taken from digital mapping and are approximate.
The property is available by way of a new FRI 'free of tie' lease for a minimum of 10 years. The rent will be reviewed annually in line with RPI but there will be no open market reviews. The new agreement will be within the provisions of the Landlord & Tenant Act (1954).
There is no premium payable for the benefit of the new lease with the rent expected to reach a headline in the region of £32,000 per annum. We understand the rent payable will attract VAT.
The Landlord will make a capital contribution of £20,000 towards the refurbishment of the letting rooms, to be drawn upon with valid invoices. A 3 month rent-free period will also be granted, subject to the tenant's assessed covenant strength.
Applicants must have sufficient capital available to cover 6 months' rent (3 months as a deposit; 3 months rent in advance), building insurance, legal fees and working capital. Trade fixtures & fittings will be inherited by the ingoing tenant.
Proof of funding and a business plan will be sought.
Rates & Charges
Business Rates£11,232.00 per annum (based on a Rateable Value of £23,400)
Council Tax£1387.14 per annum (Band B)
19 High Street