Property Information
Address:
Old School Lane, Upware, Ely, Cambridgeshire
, CB7 5ZR
, Cambridgeshire
, United Kingdom
Price: Sale Price: £1,600,000
Size: 9203 sq ft855 sqm
Primary Category: Pub
All Categories:
Leisure, Pub, Restaurant,
Property Ref/Movehut: MH691135
Property Ref/Agent: Five Miles From Anywhere Bar & Restaurant
*Please use the agent ref when calling the agent directly.
Property Date Information
Last Updated: May 21, 2024
Property description
• 3 acre site on the banks of the River Cam
• Moorings both sides of the river
• 200 internal covers plus large 1st floor function room
• Net turnover consistently £1.1m - £1.25m
• Operating profit y/e April 5th 2023 - c. £195,000
• Interested parties must provide proof of funds prior to viewing
• TAKE A VIRTUAL TOUR OF THE PROPERTY
Location
Upware is a hamlet in east Cambridgeshire, situated in the south-west corner of the parish of Wicken. It lies around 7 miles south of Ely and 9 miles northeast of Cambridge.
The Five Miles from Anywhere No Hurry Inn occupies an enviable position overlooking the River Cam, next to Upware Marina and is within walking distance of Wicken Fen Nature Reserve.
Property
Main front entrance leads to main bar with large servery. Leading round to the Sports Bar (with separate servery) and Restaurant to the other side, To the rear is an extensive conservatory area with views across the garden and the River Cam.
All areas can seat approximately 250 customers. Stairs by the entrance to 1st floor provides access to a function room with prep kitchen. The room can seat approx 60 covers or 150 standing.
Extensive and fully equipped trade kitchen with separate prep area and several storage areas for chest freezers, walk in fridge and dry store.
External areas consist of split car park for approx 50 cars. Spacious garden laid to grass, with outside bar and covered seating building. Currently able to seat 150 customers on picnic style bench seating.
There are several guest moorings available on the River Cam for paying customers. Our clients also own land further to the South, which has 4/5 permanent mooring at an income of approx £4,000 per annum.
They also own the strip of vacant land on the other side of the river, directly opposite the pub. This land is included in the sale price.
Measurements
The total area for the site is 2.8 acres and the ground floor footprint (GEA) of the public house extends to 885m² (9,203ft²). Measurements are taken from digital mapping and are approximate.
Planning
We are advised the property is not Listed, nor is it situated within a Conservation Area. The relevant local authority is East Cambridgeshire District Council https://www.eastcambs.gov.uk/
Tenure
Freehold available as a transfer of a going concern (TOGC). Seeking unconditional cash offers in the region of £1,600,000 ex VAT, plus stock at valuation.
The Business
The Five Miles from Anywhere No Hurry Inn is an established and successful destination public house and restaurant which is open 365 days a year. The business has been owner-operated by the Landlord since acquisition in 2008. In recent years, the net annual turnover has consistently been in the region of £1.1m - £1.25m. Detailed 'Profit & Loss' accounts are available to genuinely interested parties.
Rates & Charges
Rateable Value: £77,500 as of 1st April 2023
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