212 High Street, Cottenham, Cambridge, Cambridgeshire, CB24 8RZ
Sought after village location on the outskirts of Cambridge! Free of tie pricing for wines, spirits and minerals!
The Hop Bind is located in a sought after village location just north of Cambridge. It is situated on the high street which is highly visible and a main commuter link to the city. The pub has a great weekend business and a solid weekday trade. It is known for 'sport', it shows Sky Sports and has 2 plasma screens plus there is a summer and winter darts team. Live music is popular on bank holidays and quiz nights have worked well in the past - both of these activities could be done more frequently.
The external courtyard has lots of covered space making it appealing to smokers and in the summer BBQ's prove hugely popular. The pub has enjoyed stable and good barrelage levels for many years, yet there is plenty of room for growth with additional community led events and activities as well as the introduction of a simple food offer to compliment the drinking trade.
The Hop Bind has one large trade area which is in good condition. There is a mixture of casual seating some high level near the darts area, a sport viewing area to the rear and there is low level snug type seating near the fireplace to the front of the pub. There is a large outside courtyard area accessed opposite the bar, plus plenty of covered seating and a retractable canopy making it very good for smokers. There is a good size basement cellar and an upstairs kitchen with working hatch that can deliver food straight to the trade area the level below.
The living space is large over two floors and consists of 3 x bedrooms, an office, lounge, bathroom and a fully fitted kitchen.
|Annual rent||£47,350 per annum|
|Weekly rent||£910.58 per week fixed|
£47,350.00 per annum, £910.58 per week fixed and subject to annual RPI increase (tracker capped at a maximum of 4.75%) on anniversary of agreement. Paid weekly by direct debit.
Approx £27,450.00 which includes fixtures and fittings, stock, glassware, crockery, cutlery, fuel and cleaning materials, legal, brokers and stocktaking fees, rent in advance, training fees, working capital and deposit (minimum £6,000, but should build to 25% of head rent). *Applicants will be considered with an ingoing funding level of £20k.*
|Fixtures & fittings||£10,000||Working capital||£6,000|
|Other costs||£3,800||Total entry cost||£27,450|
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||This site is free of tie for wines, spirits and minerals.|
Cottenham is 6 miles north 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 supermarket, restaurants and takeaways nearby.