THE THREE HORSESHOES.22 SOUTH STREET.COMBERTON.CAMBS.CB23 7DZ

LOCATION
Situated in the picture postcard village of Comberton ,just outside Cambridge,off junction 12 of the M11,via Barton.This affluent village,has an abundance of thatched roof cottages,village shops and school,and a college rated in the top 5 in the uk,it also boasts a caravan park and is within a short
commute to the centre of Cambridge.

TENURE:
35 year lease granted by Laurel pub co ,now owned by Enterprise Inns plc,on 6.11.1991.Further extension on the same terms agreed to run on for a further 20 years.

REPAIRS:
Full Repairing and Insuring Lease.

RENT:
£33000.00 per annum with  reviews every 5 years,the next being 6.11.2012.

TIE:
TIED  for Draught and Bottled Beers and Cider.FREE OF TIE for Wines ,Spirits and Minerals.
AWP machine income 100% to lease.

PREMISES LICENCE:
The sale of alcohol is allowed as follows:
Monday to Sunday     –10.00-01.20

Trading Hours
Mon,wed,thurs,fri...12.30-2.30     6-11.30
Tues                                           6-11.00
Sat & sun              12-12

TRADE LEVEL:
The premises have been owned by the present Leaseholders for 9 years after purchasing on assignment . 
We have had sight of accounts they detail a high level of turnover,with a very healthy net profit of £31674 for the year ending 31.3.2010.
Currently they are averaging £5000 pw,and anticipate increased sales with the continued good weather.
It is clear to see that this is a well run owner operated business,that has built up a regular clientele,coming from local villagers,and those drawn by the great food,large family friendly garden and monthly
entertainment.The pub also has football and darts teams.
This is a retirement sale,and a new operater with fresh enthusiasm and ideas,could take further advantage of the hours available,and up the food offering to a gastro style to attract the nearby population of
Cambridge.

ACCOMMODATION:
Trade - Ground Floor.The bar is accessed from an entrance lobby from the carpark.
Brick based wooden top bar,carpeted,beamed walls andceiling,feature brick built open fireplace with
logburner,walls adourned with a large collection of brass,bric a brac and framed photographs of local
images.Fixed pew and occasional table and chair seating providing 40 covers.Stairs up to further small seating area,and then onto lobby with double doors to the rear garden,door to the Ladies and Gents
toilets,and lastly the Games room,which could easily convert to more bar or dining area.
Well equipped servery leading to stairs up to the private accommodation and onto the
Kitchen comprising stainless steel preparation fridge,double deepfat fryer,griddle,6 burner gas oven,stainless steel double sink and drainer,centre stainless steel surface with heated gantry,and
microwaves.with  door to large office,previously living room,and further door to area housing stainless steel upright fridge and dishwasher, then onto lean to housing 6 freezers,ice machine and washing
machine and tumble dryer.

Private Accomodation-Double bedroom/living room,bathroom[ bath,basin,wc] 2nd double bedroom.

Outside-180 foot rear garden ,comprising 92 sq m patio,adjacent to double rear doors from the bar,with table and chair seating providing 28 covers,large grassed area with 26 combination picnic benches,and childrens swings,slides ,climbing frames and bouncy castle. Large front car park with approx 20 parking spaces.
Private yard/garden with 2 large wooden storage sheds.

 
PRICE:
We are seeking £55000.00 for the remaining leasehold interest to include the  goodwill and the huge
potential ,with stock and glassware in addition at valuation.
The freeholders will require additional funds to cover payment of a deposit and one months advance rent.Each party will be responsible for their own legal fees.

VIEWING
After initially viewing the premises very discreetly on a customer basis ,interested parties should contact the agent with details of their trade background and proof of funding.Upon receipt of the latter parties will be provided with the financial records to substantiate the reported level of trade.

STRICTLY BY APPOINTMENT THROUGH THE VENDORS AGENTS.
(Martin Smith has personally inspected this property)
YOUNG AND SMITH
110 GROVE ROAD
BOW
LONDON
E3 5TH
 Telephone 020 8980 7932
Email: martin@mvsmith.co.uk
07860409034