ESSEX - HIGH VOLUME FOOD-LED PUB ON FREE-OF-TIE LEASE

LEASEHOLD £40,000 to include fixtures, fittings and goodwill. Stock at valuation in addition.  The property is held on a full repairing and insuring lease agreement for a term of 20 years commencing 3rd March 2010 from Wellington Pub Company. The lease is fully assignable and falls within the security provisions of Part II Landlord & Tenant Act 1954. Rent currently stands at £51,596.12 plus VAT per annum, subject to annual RPI adjustments, and five yearly rent reviews with the next due in March 2025. The lease is free of all trade ties. No direct approach to be made to the business; please direct all communications through Sidney Phillips. Viewing strictly by appointment only.

TRADE AREAS - LOWER BAR: This trade area is presented with laminate flooring, part panelled walling and a wood built bar servery. The lower bar provides seating for 38 with an additional six in a cosy snug area - MIDDLE BAR: Which is presented with a notable brick built fireplace and its own bar servery. The bar servery houses a double drinks fridge, single drinks fridge, coffee machine and glass washer. This area is used as both a bar and a dining area and provides seating for 20. - DINING AREA/SNUG: Presented in an in-keeping manner with the rest of the property, with the addition of exposed timbers. This area provides seating for 16. - TRADE KITCHEN: Equipped with extractor, two Rational ovens, six burner range cooker, chargrill, double deep fat fryer, salamander, convection over, walk-in chiller, walk-in freezer and wash up facilities. - GENTLEMEN'S TOILETS. - LADIES' TOILETS. - GROUND FLOOR CELLAR. OWNERS ACCOMMODATION Located at first floor level, there is a former owner's accommodation, comprising: - DRY STORE - DOUBLE BEDROOM/STORE - DOUBLE BEDROOM - OFFICE/LIVING ROOM - BATHROOM We are of the opinion that this area could be turned back into owner’s or manager’s accommodation providing for a living room and two bedrooms. EXTERNAL - WALLED TRADE GARDEN and PATIO: Part-covered with a sizeable marquee and permanent heated pergola area with outside bar. Provides seating for 100-150. Wood fired pizza oven and prep station offset. - CAR PARK: ANPR controlled, with space for 20-25 vehicles.