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Thriving Central Pub Available In Cambridge For Lease

Cambridge, Cambridgeshire
Asking Price:
£175,000
Sales Revenue:
£1,000,000
Cash Flow:
Not applicable

• Assignment of 20-year partially tied lease dated 8th December 2008
• Large bar area and restaurant dining - c. 120 internal covers
• Enclosed decked trade garden - c. 100 total external covers
• Dedicated car park for 13 covers
• Net annual turnover consistently in the region of £1m
• EPC Rating: E(106)

Property information

Property:

Leasehold

Leasehold Type:
Existing
Lease Terms:

The property is held on a partially tied lease from Greene King Retailing Ltd dated 8th December 2008. The rent review in December '18 has been settled with the new passing rent £96,328 p/a (exc VAT). The lease is protected by the Landlord & Tenant Act (1954). A full copy of the agreement can be provided upon request.

Leasehold Rent:

£96,328 per annum

Location:

The Old Spring is located in the much sought after and affluent 'De Freville' area of Cambridge. The River Cam and the city centre are both within a short walk and there are a variety of shops and services nearby on Chesterton Road.

Energy Performance Rating:
E

Contact Information

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