4/18/2018 | Pubs

Opportunity to lease refurbished Bedforshire property

The Old George, a vacant property in the heart of the charming Bedfordshire village of Silsoe has been brought to the market through specialist business property adviser, Christie & Co.

Situated in a prominent position fronting the main road through the village, the property has a rich history dating back to 1624, when the building was first opened as a coaching inn.

Current owners, GPS Estates are looking for tenants to occupy the 2,700-square foot ground floor space, which is neatly sectioned into two main trading areas with ancillary space to the rear. Comprising an open plan area with a large bar and adjoining smaller room, the overall space could comfortably accommodate between 80-100 covers. The property also features a large car park to the rear for 30 vehicles with additional space, which could be adapted to become a trade garden.

Currently closed, the building is currently undergoing a significant refurbishment programme and the owners will leave the ground floor as an open shell, ready for a new tenant to tailor the space to their business requirements.

The Old George presents a great opportunity for a new modern pub or restaurant and would be warmly welcomed by the residents of Silsoe and surrounding villages. With residential developments expanding at a fast rate and little else in the area to fulfil demand, any new operator would benefit in the heart of this community.

John Gill, owner of GPS Estates comments, “Following the extensive refurbishment of the site, we are now keen to let to a new operator who will return this property to its former glory.”

Tim Widdows, Business Agent at Christie & Co’s Reading office is handling the sale and comments, “Having previously traded as a pub, hotel and restaurant, The Old George represents a great opportunity to lease a newly refurbished premises which can be tailored to the needs of the tenant and provides scope to grow a successful business.”

The property is being marketed with a nil premium on the lease and offers are being encouraged for the rent with a guide price of £60,000 per year.