CAMBRIDGESHIRE PUB & RESTAURANT WITH LARGE PLOT ADJACENT TO THE RIVER SNAIL

Traditional, detached pub and restaurant
Picturesque village close to Newmarket
Large beer garden adjacent the River Snail
Four bedroom owners' accommodation
Sizeable car park and multiple outbuildings
Only public house in the village

The George & Dragon is situated in the East Cambridgeshire village of Snailwell, located 2.7 miles north of Newmarket, 15.4 miles northeast of Cambridge, 10.9 miles southeast of Ely and less than 2 miles north of the A14, a major trunk road which runs 127 miles from Catthorpe, Leicestershire to the port of Felixstowe, Suffolk.

The George & Dragon is the principal amenity within Snailwell, although the village also has an 11th century church dedicated to St Peter and an equine livery stables.  Due to its proximity to Newmarket, residents of Snailwell have been heavily involved in the breeding and training of racehorses since the late 1800s. Larger shopping outlets, supermarkets and fuel stations can be found in the nearby town of Newmarket. 

The George & Dragon occupies a two-storey, detached brick building under a slate roof.  It is located on The Street and is the only public house in the village. The property briefly comprises:

Trade Areas
FRONT ENTRANCE HALL with entry to the MAIN BAR which has seating for 22, tile flooring, an open fireplace and a wooden main bar servery. RESTAURANT with seating for 24, vinyl flooring, an extension of the wooden bar servery, a double-sided electric fireplace, a store cupboard and entry to a SIDE HALL which has an external door to the front aspect as well as entry to the GENTLEMEN’S TOILETS. REAR HALL with an external door to the rear aspect and entry to the LADIES’ TOILETS. GARDEN ROOM with seating for 16, vinyl flooring and views over the rear trade garden. Fully-fitted COMMERCIAL KITCHEN with entry to a ground floor CELLAR which benefits from an external barrel door and access to a STOREROOM. INNER HALL with entry to a CONSERVATORY and stairs leading to the first floor accommodation.

Owners’ Accommodation
THREE DOUBLE BEDROOMS. SINGLE BEDROOM. LOUNGE. KITCHEN. BATHROOM. Separate WC. LANDING/OFFICE.

External
Side CAR PARK with space for 15 vehicles.  Oil tank and bin store. Lawned REAR TRADE GARDEN with sheltered decking and patio areas with seating potential for 100 . Gated access to the River Snail and a small woodland area. OUTBUILDING 1/OUTSIDE BAR. OUTBUILDING 2/GENERAL STOREROOM. OUTBUILDING 3/CESSPIT PUMP ROOM. OUTBUILDING 4 (with water supply and electricity) is currently utilised as a dog grooming parlour. 

The business is currently operated solely by our husband and wife clients, without the need for additional staff. Our clients’ business has been in operation since April 2019 (when the lease commenced) and they have created a successful, well-established, profit-making enterprise which is renowned for its traditional ‘pub classics’ food menu, Sunday roasts and live music in the summer months.  The latter takes place in the property’s sizeable rear beer garden.

The business’s custom is generated by a combination of destination diners and local drinkers. The venue hosts a number of celebratory occasions throughout the year which include birthday parties and the like.

The most recent annual net turnover stood at £192,992, resulting in a net profit of £29,216, and an adjusted net profit of £32,617. The adjusted net profit has been calculated by reconstituting general expenses, deprecation and motor expenses. Further accounting detail will be made available to serious parties following a formal viewing. 

LEASEHOLD Premium £29,500 to include goodwill, fixtures and fittings. Stock at valuation in addition. 

The George & Dragon is held on a part repairing and insuring lease from Dardan Pubs Limited for a term of twenty years, commencing April 2019. The lease falls within the security provisions of the Landlord & Tenant Act 1954 and is fully assignable. Weekly rent (including insurance) is £751.91 inclusive of VAT paid weekly in advance, subject to five yearly rent reviews, the next due in April 2026. The lease is of partial tie; tied on draught beer and cider but free-of-tie on bottles, spirits and soft drinks.
 

A Premises Licence is held permitting the retail of alcohol:
Seven days a week: 12:00 – 00:00