Popular bar in Cambridge’s ‘busiest nightlife district’ looking for new tenants

The venue is described as a ‘rare opportunity’

A popular bar in the heart of Cambridge is looking for new tenants. The Castle Bar on St Andrew’s Street has been listed by Greene King, who describe it as a “rare opportunity”.

The building is set in the heart of Cambridge’s “busiest nightlife district” and has been described as having a “strong reputation, high footfall and seven valuable letting rooms”, according to Greene King. The venue has been praised by locals and visitors alike as “very accommodating, kind, professional [and] welcoming”.

The venue is currently “wet-led” but a trade kitchen creates an opportunity for future tenants to introduce a “complementary food offer” alongside to broaden appeal and increase daytime trade.

The weekly rent costs £1,500, with the annual rent costs reaching £78,000. The estimated annual turnover for the Castle bar is £542,907, according to Greene King. The listing is offering a Standard Tenancy Agreement for a fixed five year term.

A suitable applicant is described as an “experienced operator with strong hospitality credentials, a passion for creating memorable customer experiences and the ambition to maximise the venue’s prime city centre location”.

A statement from the Greene King listing added: “Whether building upon the site’s established identity as a renowned nightlife destination or introducing a fresh new concept, the incoming operator will have the opportunity to shape a thriving business in one of the UK’s most vibrant and historic cities.

“The additional income potential from the seven letting rooms further enhances the opportunity, providing multiple revenue streams within a venue that is perfectly positioned to become an even bigger part of Cambridge’s hospitality scene.”

If you want to take the next steps in hospitality and had your sights set on a Cambridge location, this venue could be perfect for you. You can view the full details here.