2 Court Road, Cranfield, Bedford, Bedfordshire, MK43 0DR
Fully refurbished pub in a great location, in the heart of an affluent Bedfordshire village with letting rooms and a large garden.
The Swan is located in a well respected village in Bedfordshire and close to a world known university. Refurbished throughout in June 2015 to a high standard, this is a dog friendly, family village pub just 5 minutes drive from the busy A421 and 10 minutes drive from Milton Keynes. There is opportunity for growth with the food offer and fully utilising the 3 letting rooms. There is lots of storage space and a car park. Beer Festivals are popular in the summer in the garden, as are BBQs and the pub usually does live music once a month.
The trade areas consist of 2 rooms. The main dining room consists of 30 covers and is located to the left hand-side of the building. Centrally there is a bar and additional 20 covers and to the right of the property which leads out to the beer garden.
|Car park spaces||10|
|Rooms to let||3|
The private accommodation consists of a lounge, bathroom and 2 bedrooms (one of which is currently used as an office/kitchen)
|Annual rent||£30,000.00 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 costs approx £0,000 which includes stock, glassware, crockery, cutlery, fuel and cleaning materials, legal, brokers and stocktaking fees, training fees, schedule of conditions, working capital and deposit (25% of head rent, minimum £6,000). Please note Fixtures and Fittings are still to be valued.
|Fixtures & fittings||TBC||Working capital||£10,000.00|
|Other costs||£5,000.00||Total entry cost||£22,650.00|
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)|
Cranfield is located in the North West of Bedfordshire, between Bedford and Milton Keynes. The area is known for its world respected University, Technology Centre and Aerospace Centre. The village also has its own private airfield which used to be a working RAF training airfield. The Nature Park and walking/cycling trails are only a couple of minutes walk from the Swan which is situated in the centre of the village next to the church and the village hall. The village also has several other businesses including a supermarket, an estate agent, accountancy firm, a 2nd wet led pub, an Indian restaurant and a hairdresser.