Free of Tie Lease with Concessions

  • Leasehold Price: £26,500
Cambridgeshire, England

Description

• Undergoing Complete Redecoration
• New ‘Free of Tie’ Lease with Concessions
• New Facilities Block with Access to Garden
• Close to two large US Airbases
• Main Bar and Dining Area (60)
• Ideal Food Led Destination Business
• Large Car Park (30)
• Front & Rear Customer Gardens (60)
• 3 Bed Private Accommodation
• Experienced Operators Only

Property
Front entrance leading to the main bar area which is conveniently divided by an open fireplace leading to a lounge area. Also benefits from a Snug dining area with service bar. Conservatory dining room. There is a further space adjacent to the main bar that could be used for further dining seating. This leads through to newly extended and refurbished Ladies, Gents and disabled facilities block to the rear, with access to the car park and pub garden. Potential for c60 internal covers. Large equipped trade kitchen to the rear of the bar, which is conveniently split to allow for a suitable preparation area and Pass. Ground floor cellar with access from behind the main bar. All trade areas are currently in the process of being deep cleaned, and redecorated to allow an incoming tenant to refurbish immediately upon occupation..

Externally there are two areas that can currently accommodate approximately 50 customers, recently paved throughout, with covered seating area. Enclosed refuse and staff area behind kitchen. The rear garden boasts a substantial outbuilding, currently used for storage but with potential to convert to Farm Shop or external bar area. Large customer car park for approximately 30 vehicles. The landlords are also in the process of clearing and re-graveling the car park to accommodate more parking.

Private accommodation can only be accessed internally from the trade kitchen and consists of 2 double bedrooms, lounge, single bedroom, bathroom and kitchen (with some white goods). The landlords are currently cleaning, decorating and re-flooring all rooms.

Measurements
Total Floor Area – 2,271 sq ft.

Planning
The property is not Listed.

Tenure
Being in private ownership, the Landlords are offering a new ‘free of tie’ lease with term to be agreed. The in-going rent is £26,500 per annum exclusive of VAT. A business plan, 3 year profit & loss projection and guarantor (depending on operator covenant strength) will need to be secured with Everard Cole. A three month rent deposit will also need to be secured. Successful applicants will move to an initial meeting with the landlords to discuss their proposal. Start up rental concessions may be available dependent on business plan, funding level and trade experience.

Premium
Nil Premium

The Business
No trade is warranted or sold and there are no previous trading accounts available. Interested parties are asked to carry out their own profit and loss due diligence.

Rates & Charges
Rateable Value: £15,000 (1 April 2023 to present). Council Tax Band ‘B’.

Location Details:
The Chequers is located in the Suffolk village of Eriswell. 11 miles from the market town of Thetford and 16 miles from the historic market town of Bury St Edmunds. Eriswell is mid way between and very close to the two American airbases, RAF Mildenhall and RAF Lakenheath. The main A11 is a 5 minute drive away with easy access to Norwich, Newmarket and Cambridge.
Is this business relocatable:
No
Is this business home based:
No
Is accommodation included:
Yes
Is this In administrative/receivership:
No
Is stock included:
NA

Listed By:

This listing is not available but we think you'll be interested in these listings

Similar Listings

Compare listings

Compare
Send Enquiry