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Great opportunity to buy the freehold of a gorgeous chocolate box pub in a small affluent Suffolk village, just 5 miles from Newmarket, the horse racing capital of the UK.
The pub is currently leased on a 15 year non renewable lease (12.5 years remaining) on a fully repairing and insuring basis with 3 yearly rent reviews. The first rent review being in May 2020. The lease currently yields over 8% ROI.
It should be noted that the lease could also be purchased should the purchaser wish to run the pub themselves.
The pub is located in a rural setting with fabulous far reaching views across the Suffolk/Cambridgeshire countryside. There is 3 bed owners accommodation upstairs and an attached wing with another en-suite bedroom and a large room with potential to be a function room or divisible to become B & B rooms. Gardens to front and rear and good sized customer car park.
Upstairs - 3 good sized rooms and private bathroom. Downstairs - to the rear of the function room is another en-suite bedroom.
Rural village setting. Rear pub garden faces west - glorious sunsets over open farmland.
Much scope for expansion - large function room currently used privately. Could revert to functions or three good sized B & B rooms.
Please note that this business is leased out and you are only buying the freehold. The lease runs until 2032 (15 year lease) and it should be noted that if the lease runs the term, the rental income will have nearly paid the full freehold price. The current leasees have indicated that they may be favourable to selling the lease if the freehold purchaser so wished.
As above. Crying out for an orangery type building to the rear to capitalise on the fantastic views and evening sunsets. Rear pub garden currently not used. Quick win with B & B conversion of function room (single storey to the right of the building as looked at from road).
No other pubs in the village.
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