Restaurant

Exceptional opportunity to rent/lease an established and thriving business in the village of Lakenheath

This represents an exceptional opportunity to rent/lease an established and thriving business in the village of Lakenheath. Formally “The Plough” but currently known as the “Wok & Rok” the business generates three income streams from the licensed pub trade, the food (eat in & takeaway) together with a range of accommodation. A full financial overview is available on request and as would be expected from such a thriving business it generates substantial profits around £80,000pa. The current owners are relocating which is why the business is up for rent.

The rental will include all use of the freehold area, all fixtures, fittings and furnishings together with stock on handover. The owners are open to a mixture of terms, but it is expected to be along the lines of a new 6 - 10 years lease with index linked break & rent reviews every 3 - 5 years.

The business currently has a strong daily trade on both the pub side, approximately fifty covers in the restaurant, take away and 6 bedrooms which have just undergone a comprehensive refurbishment, there is ample parking to both the front and the rear (23 spaces) and an established and well equipped commercial kitchen together with further accommodation on the ground and first floor, giving other opportunities.

The current owners will provide training and ancillary support on handover to ensure a smooth transition to a new management team.

Rent: £3,290pcm - £39,480pa plus VAT (listed price excl VAT)
Deposit: Equivalent to 3 months’ rent
Tenure: Leasehold - new 6 - 10 year lease on variable terms
Parking: Carpark to front and rear for 23 vehicles
Gardens: Enclosed rear garden with multiple tables.
Heating: LPG 47kg to radiators
Council tax band (2023/24): TBC
EPC rating band: TBC

In more detail the accommodation comprises of:
ENTRANCE PORCH:

BAR:

BAR AREA:

HALL:

WOMEN'S WC:

MEN'S WC:

DISABILED WC:

DINING AREA:

REAR HALL:

BEDROOM:

SHOWER ROOM:

WC:

ON THE FIRST FLOOR:
STAIRS/LANDING:

KITCHEN:

BEDROOM ONE:
Private self-contained room with;
EN-SUITE:

BEDROOM TWO:
Private self-contained room with;
EN-SUTIE:

BEDROOM THREE:
Hotel room style

BEDROOM FOUR:
Hotel room style

BEDROOM FIVE:
Hotel room style

BEDROOM SIX:
Hotel room style

AGENTS NOTES:
1) Rate exempted from Small Business Relief but a tenant should make their own enquiries.
2) Fully repairing basis, buildings insurance recharged by the landlord to the tenant.

Close to largest USAF RAF bases in the UK with thousands of military personnel and their family customers. Lakenheath has a wide range of amenities including:- shops, local services, public house, church, a national bank, modern doctors surgery and schooling for primary age. In addition the recently opened “Sports Pavilion” on the playing fields adds a further range of sports and leisure facilities to the existing Football and Cricket clubs. Lakenheath also boasts a railway station approximately 2 miles from the centre of the village. Lakenheath is approximately 5 miles from Mildenhall, 6 miles from Brandon and 12 miles from Thetford where a larger range of services and facilities can be found. Via the A14 it is easy to access the A11 five ways roundabout and subsequently through to Newmarket to the south, Cambridge to the west and Bury St Edmunds to the east with convenient ease.