Comprehensively refurbished & fully fitted freehouse

Key Points
• Unique turnkey fully invested and fitted opportunity
• Significant financial investment in the renovation of the entire property
• Imposing two-storey detached brick building
• 3 separate trade areas:- Bar, PDR & Restaurant
• 8 ensuite letting rooms above
• South-facing external terrace
• 75+ internal covers / 60+ external covers
• Dedicated parking
• Separate s/c 3 bed cottage
• New ‘Free of Tie’ lease available

Property
The Rose & Crown is a detached 2-storey brick building under a pitched tiled roof with single-storey side and rear extensions. The building is undergoing comprehensive renovation by a private landlord.

The internal area, once renovated, will comprise 3 principle trade areas, including a Main Bar (30/35 covers) accessed via central lobby. To the right hand side will be a dedicated Restaurant (c 35 covers). To the left-hand side will be a private dining room, The Commissionaires’ Room (12-15 covers) with feature bay window.

Serving these areas will be a commercial trade kitchen, ground floor & basement cellar with access to the rear service yard, staff changing area, cold store and comms rooms.

The upper parts will provide 8 new ensuite letting bedrooms, mainly with shower rooms, but with 2 larger suites with bathrooms, The Duke & Duchess Suites.

Externally there is a dedicated parking area to the front and side for c 17 spaces, with several EV charging points. To the west side and front of the hotel there will be an external partially covered terrace and external trade area (60 covers), plus a rear fenced service yard and smoking area.

In addition there is a self contained cottage to the rear (3 bedrooms, kitchen, lounge & bathroom), which will be made available as domestic accommodation for owner operator or staff.

Measurements
Total site extends to 0.372 acres. The ground floor footprint extends to 398 m² (4,284 sq ft), excluding the separate cottage.

Measurements are taken from digital mapping and are approximate.

Planning
The property is not listed but does fall within the Thorney Conservation Area. The Local Authority is Peterborough City Council.

Tenure
The scale of the renovation, by the private landlord, provides a rare business opportunity for an experienced operator who shares the vision for the future business, in creating a destination freehouse for the local area and beyond.

A new ‘free of tie’ lease on standard commercial terms, seeking rental OIRO £60,000 pax, with suitable incentives made available to strong candidates.

Fixtures & Fittings
The property will be renovated throughout, with the help of specialist designers. This will extend to comprehensive trade inventory, providing a unique fully invested business opportunity ready for an experienced incoming operator.

The Business
The pub is now closed during the renovation works which are scheduled to complete around Autumn 2024. Turnover projections for the totally renovated site are in the region of £20,000+ p/w from wet, dry and accomodation sales.

Rates & Charges
The property was removed from the ratings list on the 1st April 2023 and will need to be reassessed on completion of the works.