Leasehold Hotel & Restaurant Wedding Venue In Herts

Business Description

LOCATION
This stunning business is ideally located in a picturesque village close to Cambridge with Duxford Air Museum and several science parks and industrial estates nearby. Along with a nearby railway station it has excellent transport links via the M11 to Stansted Airport, London and and the wider region.

BUSINESS
This beautiful old mill has been well established as a top wedding venue for many years during which time it has created a great reputation across the region. In 2024 it hosted 55 weddings and the vendors have recently extended the appeal of the business beyond this with the development of the restaurant and letting rooms being advertised for dining and private events to locals and visiting tourists along with commercial business customers. The current vendors have also undertaken refurbishment of the building over the past few years so that it is now presented in an outstanding condition both inside and out. The business is largely staff operated and is only now being marketed due to the vendors family circumstances.

TURNOVER
Accounts to Nov. 24 show sales of £795,416 PA @ 74% GP.

PREMISES
Character grade II listed 18th Century Mill comprising Entrance hall with reception counter and rear office. Fully equipped bar. Sitting Room/Snug. Sep. ladies & Gents WC's. Large Conservatory. Bridal Room. Photo Room. Banqueting Hall with seating 180. Rear Bar. Store Rooms. Sep Ladies & Gents WC's. Large Kitchen; Fully fitted with st/st commercial equipment. Staff room. Cellar.
Upstairs: 10 lettings bedrooms -9 Double (inc. Bridal suite) & 1 single. Please note that all bedrooms have en-suite facilities and fantastic views over the rear mill pond.
Outside: The property sits in approx 2 acres of manicured riverside gardens which are perfect for ceremonies and al fresco occasions with a large pond to the rear being a real feature of the property. There are large patio and decking areas overlooking the pond plus a picturesque wedding gazebo. Various outbuildings currently used for storage could be utilized for additional accommodation. (There is lapsed planning for additional letting rooms)
Private customer parking for 80 vehicle car park to front and side with overflow across the road.

TENURE
10 year lease from December 2022. Rent £96,000 PA.

EPC RATING
TBA

BUSINESS RATES
£26,000 PA Payable.

Property Information

Property:

Leasehold

Premises details:

Character grade II listed 18th Century Mill comprising Entrance hall with reception counter and rear office. Fully equipped bar. Sitting Room/Snug. Sep. ladies & Gents WC's. Large Conservatory. Bridal Room. Photo Room. Banqueting Hall with seating 180. Rear Bar. Store Rooms. Sep Ladies & Gents WC's. Large Kitchen; Fully fitted with st/st commercial equipment. Staff room. Cellar.<br>Upstairs: 10 lettings bedrooms -9 Double (inc. Bridal suite) & 1 single. Please note that all bedrooms have en-suite facilities and fantastic views over the rear mill pond.<br>Outside: The property sits in approx 2 acres of manicured riverside gardens which are perfect for ceremonies and al fresco occasions with a large pond to the rear being a real feature of the property. There are large patio and decking areas overlooking the pond plus a picturesque wedding gazebo. Various outbuildings currently used for storage could be utilized for additional accommodation. (There is lapsed planning for additional letting rooms)<br>Private customer parking for 80 vehicle car park to front and side with overflow across the road.

Other Information

Furniture / Fixtures value:

Undisclosed

Inventory / Stock value:

Undisclosed