Ye Olde Sun, 11 Huntingdon Street, St. Neots, PE19 1BL | Property for sale | Savills
0.05 Ac(0.02 Ha)
Excess of £395,000

Ye Olde Sun11 Huntingdon Street, St. Neots, PE19 1BL

  • Freehold

Key features

  • Freehold public house investment
  • Entire property let to a private individual
  • Current rent of £31,216 per annum
  • The property is arranged over ground and first floor and extends to 2,226 sq ft
  • Lease expires September 2031
  • The rent is subject to five yearly open market rent reviews and annual RPI increases subject to a collar of 2% and cap of 4%
  • We are instructed to invite offers in excess of £395,000 (7.59% NIY)
  • Business unaffected by sale

Freehold Public House Investment For Sale let until September 2031 at a rent of £31,216 per annum

About this property

  • Description
    The property comprises the ground and first floor of a two storey detached building with painted and timber elevations beneath a pitched roof. There is a small single storey outbuilding in the rear yard.

    Ground Floor: The ground floor provides an open plan trading area with small dining room to the rear with a central bar servery and seating on loose tables, chairs and bench seating for 48 customers. Ancillary areas include a trade kitchen and customer WC’s.

    First Floor: The first floor comprises manager’s accommodation providing two bedrooms, living room, bathroom, kitchen and office. Externally: There is a patio to the rear with seating on loose tables and chairs for 12 customers. There is also a small single storey outbuilding to the rear yard providing the beer cellar.

    Tenure
    The property is held freehold (Title Number P184894).

    Tenancy
    The entire property is let to a private individual on a 10 year lease from 2 September 2021 at a current rent of £29,000 per annum which is subject to five yearly open market rent reviews and annual RPI increases subject to a collar of 2% and cap of 4%. A rent deposit of £5,398 is held by the landlord.

    Planning
    The property is not listed but is situated within in St Neots Conservation Area.

    VAT
    It is envisaged that the property will be sold as a TOGC so the transaction should therefore be exempt from VAT on the basis that the purchasing entity is VAT registered.

    EPC
    C-65

    Terms
    We are instructed to invite offers in excess of £395,000 (7.59% NIY) assuming the usual purchasers costs.

    Money Laundering
    Money Laundering Regulations require Savills to conduct checks upon all purchasers. Prospective purchasers will need to provide proof of identity and residence.

    Viewings & Contacts
    All viewings must be made by prior appointment and under no circumstances should any direct approach be made to any of the occupational tenants staff.

    For further information and all viewing requests please contact the sole selling agents Savills.

Local information

  • St Neots is a town in the county of Cambridgeshire 13.4 miles (21.5 kilometres) north east of Bedford and 20.3 miles (32.6 kilometres) west of Cambridge. St Neots has a population of 32,217, making it the third largest settlement in Cambridgeshire.
  • Ye Olde Sun is situated fronting Huntingdon Street in the town centre where operators such as Greene King, Waitrose and Pizza Express are located. The town centre car park is located to the rear of the property.

Energy performance

C (65)

Available space

Namesq ftsq mAvailability
Ground1,567145.58Available
1st65961.22Available
Outdoor - Covered Area878.08Available