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HIGHLY POPULAR AND MOST IMPRESSIVE HOTEL, RESTAURANT AND FUNCTION VENUE IN THE SOUGHT AFTER VILLAGE OF LITTLE DOWNHAM CLOSE TO ELY IN RURAL CAMBRIDGESHIRE

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  • 11 bedroom Hotel and Function Venue rebuilt to a high standard 2011/2012.
  • Traditional Bar/Dining Area (circa 30).
  • Superb Restaurant/Function Room with orangery galley roof section (circa 70).
  • 11 high standard Letting Bedrooms - all en-suite.
  • Residents lift to first floor
  • 1 bedroom owners apartment
  • Paved 2 section patio area with smoking shelter.
  • Fully equipped commercial kitchen.
  • 5 Star food hygiene certificate.
  • Advised turnover circa £598,396 (incl.VAT) year end March 2019.
  • Trade split is circa 35% wet, 30% dry, 35% accommodation.
A GOOD OPPORTUNITY TO PURCHASE THIS SUCCESSFUL AND THRIVING BUSINESS WITH FURTHER GROWTH POTENTIAL IN AN ENVIABLE LOCATION


ASKING PRICE £775,000 FREEHOLD TO INCLUDE FIXTURES & FITTINGS, GOODWILL, EXCLUDING S.A.V.

Location

This highly desirable hotel and freehouse is in a superb central location in the vibrant village of Little Downham nestling in rural Cambridgeshire Fenland approximately 2 miles north-west of Ely just off the A10. Little Downham is a busy traditional Cambridgeshire village with a population in excess of 2,500 and has a good range of local amenities including food and non-food shops, post office, primary school, garage and village hall etc. The village also contains a number of listed buildings and conservation areas including the church and old refectory. The splendid Cathedral City of Ely with its many shops, cafes, leisure facilities and places of interest including the famous Cathedral and picturesque river front and park is only 2-3 miles away and the major University City of Cambridge is also within easy reach.

THE PROPERTY

Is an impressive two storey building of brick constructions under a pitched slate and tiled roof, with a modern extension to the rear dating back to the late 1800’s and was rebuilt in 2011/2012 to a high standard and has been well maintained throughout.

The Bar/Dining Area (circa 30) is of a traditional style with a modern twist with heavy duty wood effect flooring and carpet section, feature fireplace with open fire, TV, fully equipped illuminated oak bar servery with glass washer, ice machine, bottle fridges and optics etc. (equipment not tested) and is furnished with solid wooden tables, chairs and pew style benches.

Restaurant/Function Room (circa 70) separate to the bar is highly impressive with an orangery galley roof and can be divided into two sections, it has heavy duty kardean wood effect flooring, stylish extending round tables with matching upholstered banqueting type chairs, air conditioning and has a fully equipped illuminated oak bar servery with wine/bottle fridges and coffee station.

Catering Facilities there is a fully equipped commercial kitchen with stainless steel surfaces, turbo ovens, extractor system, range cooker, deep fat fryers etc. (equipment not tested), separate prep area and dry store. There is also further storage outside including walk-in fridge and decarboniser. It should be noted that this establishment currently holds a five star food hygiene rating.

Office and Bottle Store located on the ground floor.

Ladies, Gents & Disabled W/C is of a high standard and well maintained.

Cellar at ground floor level also has been well maintained.

OWNERS ACCOMMODATION

There is a self-contained apartment consisting of 1 double en-suite bedroom, kitchenette and lounge. If not needed for owners/managers accommodation it could be let out for guests use.

LETTING ACCOMMODATION

Located on the first floor and accessed by lift or stairs is of a high standard and comprises of 3 king-size/twin executive rooms, 1 disabled twin and 2 standard twin rooms, 3 superior doubles and 2 standard double rooms, all en-suite.

EXTERNAL

There is a two section paved patio area with covered smoking shelter, tables and chairs and has large parasol. It should be noted that there may be a possibility to rent some of the adjacent car park subject to negotiation.

TRADING HOURS

We are advised that the business trades with the benefit of the Premises Licence (not seen) which permits the sale of alcohol during the hours of:

Mon- Sun 00.01 to midnight

Current opening hours are:

Mon-Thur 11am to 11.00pm

Fri-Sat 11am to Midnight

Sun 11am to 08.00pm

NB. Important. Prospective purchasers wishing to continue to operate the public house should ensure that they gain the APLH Qualification in readiness for their intended operation of the Public House.

GENERAL REMARKS

The property and business is being offered for sale freehold (although we have not had sight of the title deeds). All mains services are connected with mains gas for cooking and under floor heating throughout (no services tested). Business rates payable are advised as being circa £12,440 per annum.

THE BUSINESS

Our vendor clients took over the business in 2010 and whereupon it was rebuilt and converted to a high standard under their management and reopened in 2012. Since the re-opening they have built up a loyal and regular trade from the local community and have achieved a good reputation for a destination food venue from the surrounding area including Ely. The high standard and versatile letting accommodation is extremely popular with business travellers, holiday makers and tourists to the area all year round. This establishment also is host to club meetings such as The Rotary Club and is frequented by people enjoying outdoor pursuits such as The Bishop Way Walk, Wicken Fenn Nature Reserve and The Welney RSPB Trust. With the added benefits of the truly superb function facilities it is immensely popular for private functions such as wedding receptions and family gatherings etc.

The business is currently being run by a full-time manager, full-time chef, 2 full-time sous chefs, bar supervisor, full-time housekeeper and 8 part-time staff. Our vendor clients now wish to retire and have decided to sell the business.

We are advised that accounts declare takings of £598,396 (inc. VAT) for year ending March 2019 with a trade split of circa 35% wet, 30% dry and 35% accommodation.

There is true growth potential for new owners to build on this already well established and successful business by promoting the letting rooms in conjunction with the excellent function room to offer wedding packages and family gatherings etc.

Accounting information will be made available to interested parties after viewing.

The property was viewed by Geoff Bryan who would be delighted to discuss further details and can be contacted on 07887 571720.

Viewing appointments must be made via Guy Simmonds on 01332 865112.

Details Prepared: July 2019

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