Earl of Derby, Cambridge
£360,000
Earl of Derby, Cambridge
Earl of Derby, 129, Hills Rd , Cambridge, CB2 1PG
Location: The Earl of Derby is situated on the main A1307 (Hills Rd) approx a quarter of a mile from the City Centre of Cambridge,the historic universities and the River Cam. Cambridge main line railway station is five minutes walking distance from the pub along with its multiple office blocks, retail outlets, cafes and restaurants.
Property Description: The Earl of Derby is a detached brick built premises under a pitched slate roof. There is a modern hotel extension in the car park to the rear.The trade area is a central bar seating area for approx 80 persons. Fully fitted kitchens, ladies and gents wc’s and basement beer cellar.
Hotel letting rooms : 12 en suite letting rooms.
Staff and managers accommodation.
Car Park for 12 with optional outside space for conversion to outside trade garden.
Price: Offers invited at £360,000 for the leasehold interest.
Property Type : Traditional Inn/hotel
Status : Available
Features : Rarely available Cambridge City Inn
The Business: Prime City centre inn situated close to the main Cambridge railway with connecting services
to Stansted Airport, London Liverpool Street and the Cambridge Science Parks.Traditional bar and restaurant
opens for breakfast and is renowned for its live music and featuring TV sports events.The trading operation attracts
tourists, business travellers and University visitors.The quality bed and breakfast accommodation adds to the business
high profitability.
Operated by our owner clients under management.The turnover of the business in
2018: £804,257 net
2019 : £779,082 net
2020 : £709,006 net
Post Covid, weekly turnover averages £11,000 wet and food with rooms at £6,500 under management.
Detailed accounts will be available to seriously interested parties.
Tenure: 20 year lease commencing in August 2018 at a rent of £130,000 per annum. Free of Tie.
Services: All main services are connected.
Details
Price
: £360,000
Property Type
: Public House & Hotel
Purpose
: Lease
Status
: Available
Street Address
: Earl of Derby, 129, Hills Rd , Cambridge,
City
: Cambridge
Post Code
: CB2 1PG
County
: Cambs