Property Overview
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- Size:
- Undisclosed
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- Usage:
- A4
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- Sale Type:
- For Sale
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- Rental Income:
- N/A
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- Property Type:
- Other
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- Auction:
- No
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- Development Opportunity:
- No
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- Investment Opportunity:
- No
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- Tenanted:
- No
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- Energy Rating:
- N/A
General Summary
RARE 1600’s COACHING INN FREEHOUSE LOCATED WITHIN HIGHLY DESIRABLE FAVOURED CAMBRIDGESHIRE FENS VILLAGE OF ISLEHAM
IDEAL FAMILY HOME AND BUSINESS WITH UNBRIDLED POTENTIAL OFFERED AT £399,000 FREEHOLD TO INC FIXTURES & FITTINGS, GOODWILL PLUS S.A.V.
Sales in growth at £258,000 inc vat – 80% Wet Driven with food recently introduced – excellent disposable profits available – 65% GP (£143,000)
Beamed low ceiling “through bar” with log fires (40+ standing) Dining room (36c)
Significant historic locale with compelling waterside leisure attractions nearby
Family garden ( 50) smokers solution – car parking (30)
6 miles Newmarket to heart of racing community
Flexible owners accommodation with 2 flats plus cottage
The property is of detached stone & brick construction under pitched slate roofs with a centre “coaching arch”. Enter from Church Street or by way of the rear car park into a vestibule with the trading areas immediately to the left. THE (through) LOUNGE BAR (40 + 40 standing) has a low beamed ceiling, part carpeting with a stripped timber floor. Windows over look the famous St Andrews Church. Seating is by way of a mix of stools, chairs and settees to wooden tables, a wood burning stove is set into a stone fireplace providing a warming ambiance throughout the year. To one end there is a POOL table and darts board for traditional pub games, SKY TV is available for sports viewing. CENTRAL BAR SERVERY is of timber construction with a Oak counter top which houses a bank of REAL ALE WICKETS. DINING ROOM (36c) has a cosy welcoming feel to it with part carpeting and part hard wearing tiled flooring. The furnishings are typical traditional timber chairs to polished tables again with a low Oak beamed ceiling and a wood burning stove set into a stone fireplace. CATERING KITCHEN is to the rear of the dining room with external access. TOILETS are of the rear vestibule. BEER CELLAR is set deep and is fully chilled and has real ale thrawls.
OWNERS ACCOMMODATION
A generous arrangement including an owners cottage with private entrance including split stable doors, living room, bedroom, kitchen, bathroom and utility. There are two further flats, one with a single double bedroom and a second with two bedrooms, both have kitchen, bathroom and lounge. Idea for use by an extended family or possible B&B subject to permissions.
EXTERNALS
Parking is available to the rear of the property for circa 30 vehicles and there is a grassed equipped family beer garden (50+) along with smokers solution.
PREMISES LICENSES
The premises license allows openings of 12.00hrs to 00.00hrs all week, our client uses the available hours at their discretion. A Personal License will be required and our training associates can assist with this for you.
TENURE
We are instructed to offer the property for sale as totally FREEHOLD. Our clients would be interested in a “sale and lease back” deal ie a company buys the freehold and they lease it back from them. However this is not conditional on the sale and the freehold is available with VP (vacant possession).
SERVICES
We are advised that the pub benefits from mains water, electric , sewage and gas with GAS central heating, Business rates are £2,000 pa. ( affordable SKY)
THE BUSINESS
Our clients have owned the business for a little over two years having run a tied lease for many years and in the interim up to Dec 2009 let the business out as a secure tenancy free of tie. They took direct control of the business themselves having left the tied pub at that time. The 1st quarter year (Jan/Feb/March) shows sales of £60,547 inc vat from an almost “standing start” rebuilding the trade and introducing food. Allowing for further growth and the summer months during which this business will flourish we expect to see annual sales well in excess of £258,000 with a running GP of 65% ie £143,000 less running costs and any private expenses such as commercial mortgage (our client currently draws a commercial mortgage of £31,200 pa and a private mortgage of £10,080 demonstrating the robustness of the business.
THE RARENESS AND STRENGH OF ITS LOCATION ALONG WITH IDYLLIC LIFE STYLE MAKES THIS ONE OF THE MOST SENSIBLY PRICED OPPORTUNITIES CURRENTLY ON THE MARKET – WE HIGHLY RECOMMEND AN EARLY VIEWING OF THIS REMARKABLE OPPORTUNITY
Location
The affluent village of ISLEHAM lies within the rural Fenlands of S.E. Cambridgeshire close to the border with Suffolk. With a population of circa 2,300 this is a most sought after locale with close proximity to the centre of horse racing of Newmarket (6miles) the Cathedral City of Ely (5 miles) and US military bases at Mildenhall (5 miles). This is a most popular and outstanding area with Abbeys, Museums (inc National Horse Racing), Priories, Nature Reserves, Churches, water related leisure pursuits, walking, and historic based tourism. Within Isleham Village there are many places of historic significance such as directly opposite the Inn, the Church of St Andrew, dating back to 1331 with earlier footings, and The Benedictine Priory dated to around 1090. To the fringes of the village is the renowned Riverside Island Marina on the River Lark, with 112 permanent Swedish Style lodges set upon 53 acres plus camping ,caravans and motor homes and moorings for 300 vessels many of which are permanent residences. The B1104 passes through the centre of the village and the Inn is located on Church Street at its junction with Pound Lane. The countries Capital City of London is a little over one and a quarter hours drive via M11 & A10 or 60 minutes by rail from Ely with Stansted Airport being under one hour away.
