To Let – Bury St Edmunds town centre fully restored public house (ground floor only)

Key Points
• Bury St Edmunds Town Centre
• Ground Floor Only Available
• Total Floor Area 2,677 ft²
• Fully Restored Ground Floor Public House
• Main Bar and Games Room/Dining Area
• Sizeable Trade Garden with Beautiful Willow Tree
• New Free of Tie Lease
• Internal Repair & Decoration Lease
• Private Landlord
• Possible Synergy with letting rooms on 1st Floor

Property
The Greyhound is a partly rendered, two-story brick-built building under a pitched tiled roof which is believed to be formerly known as The Railway Tavern. The business has been closed for several years and the new landlord is in the process of completing a full restoration of the ground floor including a new bar servery. The ground floor trade area is divided into two areas, with the main bar area located at the front of the building and games room to the rear. An accessible toilet is located to the rear, with male and female toilets located at first floor level. The back of house comprises of a commercial trade kitchen with extraction, ground floor cellar and keg store, along with two storage rooms, one of which is sizeable.

The landlord is retaining the 1st floor to offer as letting accommodation. The landlord is happy to discuss possible joint business opportunities in conjunction with the pub and the rooms. The letting accommodation can be accessed without entering the pub trading areas.

Outside, there is gated vehicular access to a dedicated car park, with spaces for c.10+ vehicles. The garden is enclosed by a brick wall, partly laid to lawn and partly paved, sheltered by a prominent mature willow tree. The outside area may be carved up to allow a garden space for those staying in the letting rooms on the 1st floor, as well as retaining a certain number of parking spaces. Landlord happy to review options for garden space to be used by the tenant on the ground floor and as a trade garden for the business.

Measurements
The area of the site is 0.35 acres and the ground floor footprint (GEA) extends to 249m² (2,677ft²). Measurements are taken from digital mapping and are approximate.

Planning
The property is not Listed but is situated in Bury St Edmunds (Town Centre) Conservation Area.

Tenure
GROUND FLOOR ONLY – Offering a new commercial lease, with term to be agreed, for suitable uses (stp), free from any purchasing obligations. Headline rent of £35,000. Internal repair and decorating lease. First year concessions will be considered depending on operator experience, trade references and a suitable business plan. 3 months rent deposit requested in advance based on the headline rent, equating to £8,750. Guarantor requested for those seeking to operate under a New Co. Interested parties will need to demonstrate funds to cover all in-going costs to include, deposit, legal fees, stock, working capital and refurbishment. We estimate this to be in the region of £60,000.

Premium
Nil Premium

Fixtures & Fittings
A new tenant will be required to furnish all areas as the property is being let in a shell condition.

Rates & Charges
Rateable Value (1st April 2023): £7,000