29 High Street, Melbourn

Leasehold for Sale

Rent: Headline Rent - OIEO £30,000 Ex VAT per annum (Exc VAT)

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A former public house with large trade garden, superbly positioned in the expanding village of Melbourn.

Key Points

  • 0.34 Acres - (0 ha)
  • Light and airy trade area for c. 60 covers
  • Commercial kitchen with extraction
  • Large store/wash room and cellar
  • Private first floor accommodation
  • Sizeable trade garden and dedicated car park
  • EPC rating: D(93)

Location

No. 29 occupies a prominent position on Melbourn High Street, close to the village centre, which has a range of amenities including butcher/delicatessen, corner shop and co-operative store. Melbourn is an expanding village located c. 10 miles south of Cambridge and 3 miles north of Royston. There are excellent transport links to London at nearby Meldreth railway station. The village is also home to PA Consulting and Melbourn Science Park, which includes AstraZeneca.

Property

On the ground floor the southwest side entrance has access to male, female and disabled WCs and leads to the large trading area, which is split into two main sections has a servery to the rear catering for c. 60 covers.  There is a trade kitchen with commercial extraction ready for fitting out, which has a serving hatch to a large store/wash room, which in turn has access to the sizeable cellar.

On the first floor there is private accommodation comprising three double bedrooms, living room, three-piece bathroom and an office area off the landing, which has access to the loft space.

Outside, the gravelled car park has spaces for c. 15 vehicles.  To the rear there is a fully enclosed trade garden, which is predominantly laid to lawn with a patio area and play area replete with children’s play equipment.

Measurements

The area of the site extends to 0.34 of an acre whilst the ground floor footprint of the building extends to 239m2 (2578ft2).

Measurements are taken from digital mapping and are approximate.

The site area is shown outlined in red.  The sectioned filled in yellow marks an access road to the development at the rear, which no. 29 has a right of way over but must keep clear at all times.

Planning

We are advised that the outlet is not listed and not situated within a Conservation Area.  The relevant local authority is South Cambs District Council https://www.scambs.gov.uk/

Price & Terms

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 excess of £30,000 per annum.  Incentives will be made available by the landlord to assist with fitting out and refurbishment.  We understand the rent payable will attract VAT. 

Alternatively offers will be entertained for the freehold interest with the benefit of vacant possession.

Rates & Charges

Business Rates
£9,480.00 per annum (based on a Rateable Value of £19,750)
The business benefits from 100% rate relief
Council Tax
£1386 per annum (Band B)

29 High Street
Royston
Melbourn
Cambridgeshire
SG8 6EB