SUFFOLK - NEW FREE OF TIE LEASE 3 BEDROOM PUB & RESTAURANT
Lidgate, Newmarket, Suffolk
Ref: 93685
Leasehold £10,000
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Key Features
Location
The Star is situated in the peaceful yet well connected west Suffolk village of Lidgate which is located 6.9 miles southeast of Newmarket, 13.6 miles southwest of Bury St Edmunds and 20.7 miles east of Cambridge.
Lidgate is home to a historic church dedicated to St Mary, a village hall, community orchard, the ‘Bailey Pond’ and a popular recreation ground which is located directly adjacent to the public house. The nearby town of Newmarket which is known as the home of horse racing, brings a steady flow of visitors to the area, especially on event and race days.
The Star occupies a detached, two-storey, Grade II listed brick and timber frame building under a tile roof, which dates back to the mid-1500s. The property benefits from being the only public house and main amenity in the village.
Lidgate is home to a historic church dedicated to St Mary, a village hall, community orchard, the ‘Bailey Pond’ and a popular recreation ground which is located directly adjacent to the public house. The nearby town of Newmarket which is known as the home of horse racing, brings a steady flow of visitors to the area, especially on event and race days.
The Star occupies a detached, two-storey, Grade II listed brick and timber frame building under a tile roof, which dates back to the mid-1500s. The property benefits from being the only public house and main amenity in the village.
Property
TRADE AREAS
Open plan MAIN BAR comprising two areas with combined seating for 44, two feature fireplaces, traditional feature ceiling beams, wooden flooring and a wooden main bar servery. SNUG with seating for 12, wooden flooring and feature fireplace with inset log burner. REAR HALL with access to Gentleman's TOILETS as well as a shared Ladies’/Disabled TOILET. Inner BARREL ROOM with staircase down to the open plan basement CELLAR. Fully fitted COMMERCIAL KITCHEN. SIDE HALL with private access and stairs leading to the first floor.
OWNERS ACCOMMODATION
TWO DOUBLE BEDROOMS. SINGLE BEDROOM. LOUNGE/KITCHEN. BATHROOM. STORAGE ROOM.
EXTERNAL
Front TRADE GARDEN with bench seating for 46. CAR PARK with space for 14 vehicles. Single storey WOODEN STORAGE SHED with pantile roof. Single storey brick OUTBUILDING with pantile roof. Lawned and gated rear GARDEN adjacent to the recreation ground.
Open plan MAIN BAR comprising two areas with combined seating for 44, two feature fireplaces, traditional feature ceiling beams, wooden flooring and a wooden main bar servery. SNUG with seating for 12, wooden flooring and feature fireplace with inset log burner. REAR HALL with access to Gentleman's TOILETS as well as a shared Ladies’/Disabled TOILET. Inner BARREL ROOM with staircase down to the open plan basement CELLAR. Fully fitted COMMERCIAL KITCHEN. SIDE HALL with private access and stairs leading to the first floor.
OWNERS ACCOMMODATION
TWO DOUBLE BEDROOMS. SINGLE BEDROOM. LOUNGE/KITCHEN. BATHROOM. STORAGE ROOM.
EXTERNAL
Front TRADE GARDEN with bench seating for 46. CAR PARK with space for 14 vehicles. Single storey WOODEN STORAGE SHED with pantile roof. Single storey brick OUTBUILDING with pantile roof. Lawned and gated rear GARDEN adjacent to the recreation ground.
The Business
From December 2023 until January 2025 The Star was operated under management, trading as a destination public house and restaurant offering an extensive range of real ales and ciders as well as a traditional pub classics menu which included home made pizzas. Events included cocktail evenings, quiz nights, beer festivals, ‘Meet the Brewer’ evenings, local history gatherings and many more well attended day and evening functions. The business was recently crowned the West Suffolk CAMRA Pub of The Season and entered into CAMRA’s 2025 Good Beer Guide.
Most recent opening hours:
Monday to Friday: 16:00 - 23:00
Saturday & Sunday: 12:00 - 23:00
Our client Serendipity Endeavours is now offering The Star to the leasehold market in order to find a suitable tenant. We are told average gross weekly takings are in the region of £4,000. Further accounting detail will be made available to serious parties following a formal viewing.
Most recent opening hours:
Monday to Friday: 16:00 - 23:00
Saturday & Sunday: 12:00 - 23:00
Our client Serendipity Endeavours is now offering The Star to the leasehold market in order to find a suitable tenant. We are told average gross weekly takings are in the region of £4,000. Further accounting detail will be made available to serious parties following a formal viewing.
Tenure
The Landlord will consider the creation of a new lease agreement on the following terms:
LEASEHOLD: £10,000 to include fixtures and fittings. Stock at valuation in addition
TERM: Seven years (Negotiable)
LANDLORD & TENANT ACT 1954: Inside Part II Landlord & Tenant Act 1954
ASSIGNABILITY: Assignable with landlords consent
BOND/DEPOSIT: A bond equivalent to 3 months’ rent in advance
RENT: £12,000 per annum, paid quarterly in advance
RENT REVIEW/INCREASES: To be negotiated dependant on covenant strength.
REPAIR LIABILITY: Part repairing and insuring lease agreement. This is not a full repairing and insuring lease with the freeholder retaining responsibility for the structure of the building. The lessee will be responsible for internal maintenance, repair and decoration as well as the decorative condition of the exterior of the property
TIE: Free of all trade ties
INSURANCE: The Landlord will insure the building, the cost of which will be charged to the Tenant by way of an Insurance Rent
VAT: Will be payable on both the premium and rental payments
NEGOTIATION: All negotiation is subject to covenant strength. An incoming party will be required to provide sufficient funds to sustain their business model and will need to demonstrate ingoing capital to cover the premium, rental deposits and stock as a minimum
No direct approach to be made to the business, with all communications directed through Sidney Phillips. Viewing strictly by appointment only.
LEASEHOLD: £10,000 to include fixtures and fittings. Stock at valuation in addition
TERM: Seven years (Negotiable)
LANDLORD & TENANT ACT 1954: Inside Part II Landlord & Tenant Act 1954
ASSIGNABILITY: Assignable with landlords consent
BOND/DEPOSIT: A bond equivalent to 3 months’ rent in advance
RENT: £12,000 per annum, paid quarterly in advance
RENT REVIEW/INCREASES: To be negotiated dependant on covenant strength.
REPAIR LIABILITY: Part repairing and insuring lease agreement. This is not a full repairing and insuring lease with the freeholder retaining responsibility for the structure of the building. The lessee will be responsible for internal maintenance, repair and decoration as well as the decorative condition of the exterior of the property
TIE: Free of all trade ties
INSURANCE: The Landlord will insure the building, the cost of which will be charged to the Tenant by way of an Insurance Rent
VAT: Will be payable on both the premium and rental payments
NEGOTIATION: All negotiation is subject to covenant strength. An incoming party will be required to provide sufficient funds to sustain their business model and will need to demonstrate ingoing capital to cover the premium, rental deposits and stock as a minimum
No direct approach to be made to the business, with all communications directed through Sidney Phillips. Viewing strictly by appointment only.
Licence
A full premises licence is held allowing the sale of alcohol between the hours of:
10:00 to 00:30 - 7 days a week.
10:00 to 00:30 - 7 days a week.
Services
Oil fired central heating, electric cooking facilities. All other mains services are connected. Both fire and security alarms are also present.
Enquire about this listing
Zaine Lamont
Eastern Counties
Ref: 93685
