Public Houses for sale in Cambridge

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Cambridge public house - available leasehold or freehold

Cambridge, Cambridgeshire, England

  • Freehold Price: Offers Invited
Seller Reference: CAMBSJW
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Business Description
 
 
 
 
 
 
 
 
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Seller Reference: CAMBSJW
Request Details
Business Description
New redeveloped Cambridge city pub available freehold or leasehold
Terms to be agreed prior to completion of works
Superb position in the north of the City - close to Cambridge North station and science parks
Substantial ground floor trading area - c. 80 covers
1-Bed Manager's Flat
Dedicated parking and external trade areas
EPC Rating: TBC

Property
Planning permission has been granted to redevelop the Jenny Wren public house with the reintroduction of a new pub trading over ground floor.

The unit will comprise a lobby entrance with space for around 80 covers with a net internal trade area of 205m². The ground floor will provide male, female and disabled WC's as well as rear commercial kitchen and basement cellar. There will also be a one-bed manager's flat above. This is shown on the accompanying floor plans (see S4).

Dedicated parking and external trade areas will also be provided. The final scheme will also benefit from a landscaping plan and extensive planting.

Fit Out
Our client will build out the shell unit to 1st fix condition ready for a new owner or tenant to fit out.

It is possible, subject to terms, for our client to fit out to an agreed enhanced specification ready for trading.

Leasehold
The property is made available by way of an agreement for FRI lease with the term intended to be between 10-15 years. The new lease will be within the provisions of the Landlord & Tenant Act (1954).

Rental incentives will be made available to a tenant of an appropriate covenant strength. There will be no premium payable for the benefit of a new lease.

Applicants must have sufficient capital available to cover 6 months rent plus VAT (3 months as a deposit; 3 months rent in advance), insurance, legal fees and working capital. Proof of funding will be sought.

Freehold
Alternatively the freehold interest is available in advance of the completion of the redevelopment, subject to a detailed specification of works being completed (which the owner will undertake).

Rates & Charges

Business Rates
per annum
To be reassessed once completed

Council Tax
Available on enquiry
Tenure:
Leasehold, Freehold
Location Details:
The Jenny Wren is located to the north of the city and is within a convenient distance of Cambridge North rail station and numerous science parks, most notably St John's Innovation Centre & Cambridge Science Park, the oldest science park in the UK. Excellent road links are provided to the north with the A14, as well as the guided bus route nearby.
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