Out Northgate, Bury St Edmunds, Suffolk, IP33 1JQ
A successful food-orrientated business that benefits from a large garden in the centre of Bury St Edmunds
The Station is situated in a prime position directly opposite Bury St Edmunds Train Station. The Site reputation is building rapidly. This is an ideal time for an operator to capitalise on this growing business.
The premises also offers further scope to grow, with a large garden area which Greene king have plans for a future development to improve (Subject to planning)
There are 2 bars within an extensive trading area with around 90 covers. A large conservatory dining area leads directly into a very large garden with the potential for another 60 external covers. There is also a large, well-equipped commercial kitchen with extensive prep and storage areas, basement cellar and toilets.
The site benefits from 5 bedrooms, an office room (bedroom 6), 2 bathrooms, a lounge/kitchen/dinner, separate toilet and various store rooms.
|Annual rent||£34,000 per annum|
|Weekly rent||£653.85 per week fixed|
£34,000 per annum, £653.84 per week fixed and subject to annual RPI increase, which is capped. Paid weekly by direct debit.
Approx £15,650.00 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). *Fixtures and Fittings are to be valued.*
|Fixtures & fittings||£0||Working capital||£5,000|
|Other costs||£3,000||Total entry cost||£15,650|
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
•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)|
This pub is ideally situated in Bury St Edmunds, directly opposite the railway station and close to the A14 with easy links to Cambridge, Newmarket and Ipswich. This high profile, prominent site currently benefits from a large amount of both local and passing trade and has the potential to capitalise from a larger catchment area due to its proximity to the A14. There is also a large residential area being built only a short walk from the Pub which the Station would benefit from as the closest pub/restaurant for the residents.