Queens Head

High Street, Littlebury, Saffron Walden, Essex, CB11 4TD

SUPERB OPPORTUNITY WITH LETTING ROOMS, SET IN A LOVELY VILLAGE LOCATION, JUST MILES FROM HISTORIC SAFFRON WALDEN

On the Essex and Cambridge border The Queens Head Inn is a traditional 14th Century Coaching Inn Grade II listed with roaring log fires in the winter months and an English country garden to relax during the summer months. With a modern feel, located in the beautiful village of Littlebury just outside the medieval market town of Saffron Walden. The property is in excellent order throughout and boasts 6 well-appointed en-suite letting rooms. Henry Winstanley, (1644-1703) the architect of Audley End House, lived in the village. He also built the first Eddystone Lighthouse. Rumour has it that the village is built on the site of a Roman camp! Steeped in history, this is a lovely area and the pub has a unique position in the community.

Location

On the Essex and Cambridge border The Queens Head Inn is a traditional 14th Century Coaching Inn Grade II listed with roaring log fires in the winter months and an English country garden to relax during the summer months. With a modern feel, located in the beautiful village of Littlebury just outside the medieval market town of Saffron Walden. The property is in excellent order throughout and boasts 6 well-appointed en-suite letting rooms. Henry Winstanley, (1644-1703) the architect of Audley End House, lived in the village. He also built the first Eddystone Lighthouse. Rumour has it that the village is built on the site of a Roman camp! Steeped in history, this is a lovely area and the pub has a unique position in the community.

Business Information

Annual rent

£35,000

Weekly rent

£673

Entry costs

£21,625

Turnover royalty

n/a

Forecasted Operator Turnover

£322,342

Forecasted Operator Profit (inc machine profit)

£34,078

Forecasted Operator Machine Profit

£0

Average Beer & Cider Discount*

Blended £36

Type of Tie

Full tie: Access to Discounted Wines, Spirits & Minerals Price List

Agreement

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

Entry costs approximately £21,625.00, which includes stock, glassware, crockery, cutlery, fuel and cleaning materials, legal, brokers and stocktaking fees, training fees, schedule of condition, working capital and deposit which is 25% of head rent. Fixtures and Fittings are valued at approximately £5,000 and the final valuation will be confirmed on change day. An assisted purchase of F&F may be available with a 25% deposit on change day and weekly re payments to purchase the remaining 75% over an agreed period

Deposit

£8,750

Fixtures & Fittings

£5,000

Legal Admin Fee

£825

Broker Fee

£750

Stocktaking Fee

£150

Working Capital

£5,000

Other Costs

£1,150

Total Entry Costs

£21,625

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.

Year Beer (Brls) Wine & Spirits (Ltrs) Minerals (Ltrs)
2018/19 71 3 2,255
2017/18 85 1 1,157
2016/17 97 2 1,766

Externally there is a good-sized car park with room for 12 cars, a very large fully enclosed landscaped beer garden that offers superb opportunities for summer events and a patio area. Internally there is a 36 cover restaurant on one side of the building and two bar areas with a snug area with a large open fire. A central island bar serves both sides of the pub. On the first floor there are six letting rooms all of which are ensuite. There are two singles, 1 double, 1 twin and two family rooms. All areas are in excellent condition.

Trade Bars

No

Trade Dining Areas

Yes

Trade Kitchens

Yes

Trade Food Covers

36

Trade Gardens

Yes

Trade Patio Areas

No

Trade Rooms to Let

6

Meeting Rooms

No

External Child Play Areas

No

Function Rooms

No

Customer Car Park Spaces

12

Current Premises License Opening Hours

Sun - Thu: 11:00 - 00:00
Fri - Sat: 11:00 - 01:00

The Queens Head has very spacious self-contained private accommodation. It is in very good order and comprises of two large double bedrooms, living room, kitchen, bathroom and utility room.

Private Rooms

5

Lounge

Yes

Dining Rooms

0

Double Bedrooms

2

Single Bedrooms

0

Bathrooms

1

Toilets

0

Private Kitchens

1

Offices

0

Bedsits

0

BDM Portrait

I am looking for someone who embraces being part of a community and looks to embed the principles of giving the village a local they can be proud of. Consistency, good food and great customer service will be the backbone of this business for both locals and staying guests alike. An opportunity to run a pub in a lovely location, that is already well established and has the added benefit of six letting rooms. The site is in good condition, and I am looking for a dedicated new tenant to drive this pub to the next level.

Chris Cocker, Business Development Manager

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