74 Main Street, Hardwick, Cambridge, Cambridgeshire, CB23 7QU
Quality dining pub in sought after Cambridgeshire village location. Free of tie pricing on wines, spirits and minerals!
A picture postcard pub in the affluent village of Hardwick just 5 miles from central Cambridge. A great opportunity to create a renowned food and drink offer in a pub packed with history and character. 70 covers plus space to get creative outside when the sun shines will offer an entrepreneurial operator a great platform to build this business attracting custom from the immediate villages and Cambridge population. Already trading really well, showing an upward trajectory, could you accelerate this growth?
The pub has three distinctive trading areas. You enter into the main central bar area with centre piece fire place, historic beams and characterful main bar servery . Down a few steps to the right is a seating area with mix of loose and fixed furniture seating up to 25 or so. The Gents toilets are at the end of this area also. Back to the bar, and through to the left is the main dining area, as well as the conservatory area. In this section there is loose seating and tables for 40-50 covers, direct access to the kitchen and a second bar server. There is also a large paved terraced area at the front of the property for alfresco dining and outside events.
|Car park spaces||30|
The tenant accommodation is in reasonable condition, and consists of 3 bedrooms, toilet bathroom and good sized lounge.
|Annual rent||£53,500 per annum|
|Weekly rent||£1,028.85 per week fixed|
£53500 per annum, £1028 per week fixed and subject to annual RPI increase, which is capped. Paid weekly by direct debit. Machine income free of tie.
Entry costs approx £40,000 which includes fixtures and fittings, stock, glassware, crockery, cutlery, fuel and cleaning materials, legal, brokers and stocktaking fees, training fees, schedule of condition, working capital and deposit (25% of head rent, minimum £6,000).
|Fixtures & fittings||£18,000||Working capital||£7,500|
|Other costs||£4,000||Total entry cost||£41,150|
Standard Tenancy Agreement A fixed 5 year term agreement which is contracted out of the Landlord and Tenant Act 1954 •Tie variations available •Rent set at the start of the agreement, subject to the annual Retail Prices Index (RPI) which is capped •Flexible pricing options available •Greene King is responsible for the structure of the building •Ability to end agreement with 6 months notice at any time with standard notice fee equal to 3 months rent
You will need to estimate the turnover you expect to achieve from the pub, with regard to food and accommodation (if applicable). Barrelage figures are given to assist you with calculations.
Calculators to help you are available on the business planning section of our website.
|Year||Beer (Brls)||Wine & spirits (Ltrs)||Minerals (Ltrs)|
|Volume notes||Please note that the pub has been free of tie for wines and spirits for the duration of the last tenancy, and so we cannot provide accurate volume information.|
Hardwick is 5 miles west of Cambridge city centre and within easy commuting distance. It has great road links to the A14, M11 & A1. The pub is at the heart of this busy village with numerous local businesses and shops. There are 2 schools in the village and 2 GP surgeries along with a mini supermarket, restaurants and takeaways nearby.