King William IV
High Street, Fenstanton, Huntingdon, Cambridgeshire, PE28 9JF
A fantastic opportunity to run an established business in a picturesque Cambridgeshire village, with a local reputation for good food and well kept cask ales. *Reduced rent of £20,000 for first 6 months avaliable plus significant off invoice discount on draught products!*
The pub has a very traditional feel and is a typical village pub of yesteryear, updated in all the right ways! All the trading areas have a comfortable and cosy feel and the whole pub is heated by 3 log-burning stoves in the winter months. The small public bar area with TV and darts, runs through into a comfortable dining area and restaurant. In the summer, guests can eat and drink on either of the 2 patio areas or on tables at the front of the pub and watch the world go by.
The pub has a single bar servery and consists of a cosy, traditional bar area, which leads through to a 60 seater restaurant, which is split into 2 distinct areas. There are 2 patio areas outside and tables at the front of the pub on the roadside.
|Car park spaces||10|
The accommodation is spacious (small kitchen) and in very good order.
|Annual rent||£30,000 per annum|
|Weekly rent||£576.92 per week fixed|
£30,000 per annum, £576.92 per week fixed and subject to annual RPI increase, which is capped. Paid weekly by direct debit.
Entry cost is approx. £16,650, which includes, stock, glassware, crockery, cutlery, fuel, cleaning materials, legal fees, brokers, stocktaking fees, a schedule of condition, training fees, working capital and a deposit (25% of head rent and a min of £6k). Fixtures and fittings are yet to be valued.
|Fixtures & fittings||TBC||Working capital||£5,000|
|Other costs||£4,000||Total entry cost||£16,650|
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
•FOT on machines
•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)|
Fenstanton is a small, picturesque village, just off the A14, close to the historic town of St Ives and only 15 miles from the centre of Cambridge.