Property Details

The Malting, Priory Lane, St Neots – Former Snooker and sport bar for sale located in heart of market town and close to riverside in excess of 6,500 sq ft (613sq meters) - St. Neots

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Property ID : SN01275

For Sale, Freehold - Semi-Detached
6598 Sqft 2 Bathrooms  Add to Favorites Print

**VIDEO TOUR AVAILABLE**

Draft Details:

The Property

The property comprises a former Oast House and Maltings. These are C18th buildings and are the only remains of the John Day Brewery which occupied much of the immediate surrounding area. Most of the brewery buildings were demolished in the 1960’s but the Oast House and Maltings were preserved. The Oast House which forms the centrepiece of the property was a kiln for drying barley which is now a Scheduled Ancient Monument. Adjoining properties include the Priory Centre, and it is located within 100 metres of the town’s busy High Street. The property was historically used as a snooker and pool centre with a bar. In recent years the property has undergone substantial refurbishment and turned into a private members club and sports bar which closed in 2019. Fixtures and Fittings and all of the existing bar, and other fixtures and fittings could be included within the sale.

Car Parking

There are several public car parks nearby including the Priory Centre car park which is immediately contiguous to the property. Parking is free after 6pm.

The above schedule is approximate and has been based on plans supplied by a previous owner.

Potential for Alternative Business Model

The Oast Lounge previously operates as a sports bar and it is considered that the property offers massive potential for an alternative business model which may include a bar, lounge,
Nightclub, and cafe/restaurant subject to planning and other permissions as necessary. There is scope for a range of complimentary leisure, health and beauty, sporting (e.g. gym)
and other similar facilities to operate as ancillary operations alongside the main business. The ground floor east wing(presently the snooker room) could be reconfigured to create
a self contained lettable unit.

Price

The property is offered for sale freehold with all fixtures and fittings and goodwill included within the price. Guide Price: £600,000.00 to £650,000.00. Any interested parties can be invited to discuss with the seller prior to the tender.

Offers

All offers are required in writing by close of business at 5pm on Monday 25th October 2021. All offers will be considered with the owner and a decision will be made within 5 days of close of tender.

Rates

2017 Rateable Value: £23,000
2018/2019 Rate Poundage 48.0p/£
(Note: Transitional Relief/Charge may apply)
Viewing & Further Information

VAT

The price quoted is exclusive of VAT (if applicable).

Legal fees

The successful purchaser will be responsible for their own legal costs, a contract will be dispatched within 5 working days.

HEALTH AND SAFETY

Anyone accessing the site does so at their own risk and should have adequate public/employers insurance in place beforehand as well as appropriate protective clothing and footwear.

Viewing

For more information or to book a viewing, please contact the sole selling agents: Please ask for Tom Francis for your private viewing.

Location

St Neots is a rapidly expanding town located on the banks of the River Great Ouse with a population of well over 30,000 residents. Adjoining and nearby settlements such as Little
Paxton, increase the population figure to c. 40,000. The retail catchment is estimated to be in excess of 80,000. St Neots has the fastest rate of population growth within the County.
Benefiting from its rail links to London Kings Cross (typical journey time of 45-55 minutes), the town has seen a considerable expansion of its commerce and industry in
recent years. It also enjoys excellent road communications with London and the east coast ports, being located at the intersection of the A1 trunk road and the A428/A421 Cambridge – Bedford M1 – Milton Keynes route. The opening of the A14 and A428 dual carriageways have significantly improved accessibility to the Midlands and the North West. The town has a good range of shopping and leisure facilities with many national retailers represented, including, Boots, Waitrose, Marks & Spencer Simply Food, and Argos. St Neots also benefits from a six screen cinema (Cineworld) and four restaurants including Pizza Express.

Disclaimer:
Sell New Group are acting Agents for the vendors of this property. Your conveyancer is legally responsible for ensuring any purchase agreement fully protects your position. We make detailed enquiries of the vendor to ensure the information provided is as accurate as possible. Please inform us if you become aware of any information being inaccurate.

On reservation, Sell New Group will require:
A copy of the purchaser’s ID (Driving license or passport)
Proof of funding/cash
Solicitor details
Working towards 28 days of contract once contracts have been received
A non-refundable reservation deposit of 1% of the purchase price which will be accounted for, and deducted from the overall agreed sale price upon completion
Should you wish clarification on any of the above points, please ask prior to any reservation fees being paid.

Property Location
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