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Beer Garden
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External Drinking Area
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Restaurant/Dining
Property details
Situated in a desirable location on the fringe of the town centre, a short distance from the picturesque quayside of the river Great Ouse, the Oliver Cromwell is a semi-detached 18th-century property brimming with both charm and potential. Renowned locally for quality, home-cooked food using the locally-sourced ingredients prepared in-house, the pub’s menu is complimented by a strong selection of cask ales, making it a hit with diners and drinkers alike.
It's popularity is not confined to affluent residents; with strong transport links to the surrounding area, the pub is equally attractive to the wider population of St Ives and its surrounding villages. With plenty of scope to grow its food offer, Oliver Cromwell’s already strong reputation in the area is only the beginning for this fantastic pub.
The entrance on Wellington Street leads into the main with an ancillary servery leading to the rear. Décor and furnishings are a combination of modern and traditional, with funky aspects to attract the 25 to 44 market. There are several tables, chairs, and bar stools for approximately 24 customers. The restaurant area to the rear of the bar provides seating for approximately 26 covers. The first floor is accessed internally leading to the trade kitchen, compact and fitted with a range of commercial catering equipment.
Externally, there is a large patio courtyard at the centre of the premises providing seating for approximately 30 customers. Gates accessed from Chapel Lane provide access for servicing and dray delivery.
A lobby area provides access to domestic accommodation comprising of three bedrooms, a bathroom, a lounge, an office, and a kitchen with ancillary space for dry storage and storage areas for the main trade kitchen.
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Cask Ale
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Catering Kitchen
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Live Entertainment
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Experienced Operator
Trading style
The pub has an established and well-developed business and is a popular town local, offering modestly quality food, including Wings Wednesday, Ribs Thursday, and Taco Tuesday as well as offering a wide range of craft and cask ales and premium international lagers. The site has had a strong rhythm of the week, including food offers and entertainment especially the Sunday 'Sofa Sessions'. There is however plenty of scope to refocus and develop the food trade.
This is an ideal opportunity for an experienced operator to take on a thriving town centre premises with the option of looking to increase the existing food trade, potentially hosting a greater volume of entertainment evenings, as well as benefitting from the annual local events that take place throughout St Ives.
Key financials
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Reference Number:
NAJ43W /
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Agreement Type:
Tenancy
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Min Ingoing Cost:
£29,500.00
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Annual Rent:
£20,000.00
The stated ingoing figures are correct at point of advertising. Please be aware there may be additional costs.
Please note that the energy performance certificate is available from the landlord.
The Fair Maintainable Turnover sits at £751,000 with a Drinks to Food ratio of 74/26.
A 3 or 5-year fixed term or renewable tenancy agreement is offered with a full tie to buy all drinks (beer, wines, spirits, minerals, stouts, and ciders) from the landlords. A long-term fully insuring and repairing lease agreement would be considered for a well-funded and experienced applicant.