Public Houses for sale in Cambridge

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Virtual freehold available for attractive public house in Cambridgeshire village

Cambridge, Cambridgeshire, England

  • Freehold Price: £439,000  Price Reduced arrow_drop_down
Seller Reference: REACHDE
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Business Description
 
 
 
 
 
 
 
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Seller Reference: REACHDE
Request Details
Business Description
Key Points
• Virtual freehold sale of unopposed village freehouse subject to 10-year FRI sub-lease
• Annual rental income of £25,000 with 5-yearly open-market reviews
• Atmospheric bar and dining areas and further covers on the 1st floor
• Refurbished commercial kitchen with new equipment, extraction and walk-in chillers
• EPC Rating: C (69)

Property
The Dyke's End is a handsome brick-built property which is predominantly arranged over two stories and under a pitched slate roof.

The ground floor is accessed from the front via a central porch and comprises a traditional bar and dining area with open fireplace and central wooden bar servery providing for c. 30 covers, as well as bar and darts area. To the rear are refurbished male and female WC's.

The commercial trade kitchen has been extended and comprehensively renovated in recent years, with new equipment, extraction, wash up area and walk-in chiller. A basement cellar is accessed from behind the bar.

On the first floor there is an additional dining/restaurant area for around 20 covers. There is also domestic accommodation providing 2 double bedrooms, lounge and bathroom.

To the front of the property, there is a pleasant lawned trade garden which is enclosed via a picket fence and overlooks the village green. To the rear is a dedicated car park with additional garden. A single storey outbuilding was previously used as a brewery and could be reinstated for that use.

Measurements
The area of the site is 0.31 acres and the ground floor footprint of the public house extends to 169m² (1,819ft²). Measurements are taken from digital mapping and are approximate.

Tenure
The property is available on a virtual freehold, long leasehold basis, for a term of 999 years from 2004 at a peppercorn rent.

The sale is subject to a 10-year FRI sub-lease which commenced on 2nd May 2019 and is within the provisions of the Landlord & Tenant Act (1954). The income from this lease is £25,000 per annum, payable monthly in advance. This will be reviewed on 2nd July 2024.

A full copy of the lease is available to genuinely interested parties.

Rates & Charges
Business Rates: £8,248.80 per annum (Based on a Rateable Value of £16,800)

Council Tax: £1,216 per annum (Tax Band A)
Tenure:
Freehold
Location Details:
Reach lies at the northern tip of the popular Devil’s Dyke and the Dyke's End is a short drive from Anglesey Abbey. The Dyke's End sits in a prominent unopposed position overlooking the village green and benefits from an affluent catchment including the larger village of Burwell.
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