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Thriving Cambridge pub with excellent reputation for sale as a 'going concern'

Cambridge, Cambridgeshire, England

  • Leasehold Price: £100,000
Seller Reference: CAMBSGELDART
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Business Description
 
 
 
 
 
 
 
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Seller Reference: CAMBSGELDART
Request Details
Business Description
• Thriving Cambridge business with an excellent reputation
• Long protected lease for sale as a 'going concern'
• Extensive trade areas, including large patio garden
• Recently refurbished domestic accommodation above
• Immediate opportunity to extend trading hours
• EPC rating: C (73)

Property
The Geldart is a prominent corner 2 storey brick built property under pitched slate roof with single storey side extensions. The principal entrance is via a lobby from
Sleaford Street. The front trade areas provides a traditional bar area with wooden bar servery (28 covers). Serving this area is a well equipped commercial trade
kitchen, including Black Rock Oven.

The rear provides a largely open plan trade area with space for 50 dining covers and dedicated bar servery, used for functions, live music and as hanging space for local artists. A substantial basement cellar, with the benefit of natural light, and WC's serve this area.

Externally there is a patio garden with decking and covered seating area (c 50 covers), as well as a storage yard and drop to the basement cellar.

The 1st floor provides recently refurbished and decorated domestic accommodation including 2 bedrooms, large lounge, domestic kitchen, bathroom and WC.

Planning
We are advised that this property is situated in a Conservation Area but is not a Listed building. Purchasers are advised to make their own enquiries to Cambridge
City Council.

Trading Figures & Turnover
The business is well established and thriving with an excellent local reputation for food, live music and real ale. There is an immediate opportunity for growth with
extended opening hours given our clients personal preference to close Mondays and only open at 5pm during the week. Trading information can be made available to genuinely interested parties.

Rates & Charges
Business Rates: £30,250. We understand the business may be eligible for rate relief. Council Tax: Band C - £1,803.01.

Tenure
The property is held on a 10 year protected lease from 23rd July 2018 at a rent of £30,000 pax. The lease is subject to a full drinks tie, with release for wines and
spirits (inc FABs, RTDs and PPS).

Premium
Premium offers are invited in excess of £100,000, exc VAT if applicable, to include the leasehold interest, goodwill, social media and trade inventory.

Fixtures & Fittings
The business is extensively fitted in a unique style with all trade inventory included in any sale, excluding personal items specifically the period jukebox, piano table,
record collection, instruments and a few pieces of personal artwork.

Also included in any sale will be all social media accounts, including Instagram,Facebook, Twitter and their own website www.the-geldart.co.uk
Tenure:
Leasehold
Location Details:
The Geldart is located off the popular and independent shopping area of Mill Road within a 10 minute walk to the mainline rail station. The main campus of Anglia Ruskin on East Road, a 5 minute walk to the east. Significant residential development is taking place in the immediate area with 43 units at the Travis Perkins site and 182 dwellings at the Council Depot Site, both off Mill Road.
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