Attractive Detached Olde Worlde Licensed Hotel | | Undisclosed Essex | | Sought after position, ESSEX | | ADVERT NUMBER : 47023
ADVERT IMPRESSIONS : 24,671 TIME(S) | | | | BUSINESS SECTOR: | Commercial Property | | TRADE TYPE: | Licenced / Leisure | | SALE: | Agent Sale | LEASEHOLD: | £195000 | | | | | BUSINESS DETAILS: | Features : Attractive Grade II Listed Buiding 16th Century property with a wealth of oak beams.
Full On & Off Licence
Car parking for 10 cars
BT Switchboard linking to all rooms
At present operated as Bed & Breakfast only and in our opinion offering tremendous potential for development in the right hands.
FULL GAS FIRED CENTRAL HEATING
Entrance to SPACIOUS BAR/RESTAURANT, fully carpeted, beamed ceiling plus uprights. Tables and chairs providing seating for 60 persons. ATTRACTIVE BAR with brick facia, quality oak top, electronic cash register, large coffee machine, 3 double door glass fronted counter fridges.
2 Fully tiled cloakrooms each with w.c. and wash hand basin
Level kitchen with quarry tiled floor, tiled walls. Stainless steel extractor unit, 6-burner gas cooker with double oven, charcoal grill, double sink and drainer, upright stainless steel fridge, stainless steel table, 2 commercial microwave ovens, 2-door stainless steel counter fridge, stainless steel freezer, double sink and drainer, wash hand basin.
Small Reception area
LETTING ACCOMMODATION
GROUND FLOOR
1 Family Bedroom with en suite fully tiled shower room with shower, w.c. and wash hand basin
2 Twin Bedrooms each with en suite shower room with shower, w.c. and wash hand basin
Large patio perimeter - Fully Licensed - facing river
FIRST FLOOR
4 Family Bedrooms
2 Twin Bedrooms
2 Double Bedrooms
1 Single Bedroom
All with en suite facilities, 5 of which have an en suite bathroom with bath, w.c. and wash hand basin. The remaining 4 bedrooms each with en suite shower room with shower, w.c. and wash hand basin
SECOND FLOOR
Ideal as private accommodation comprising:
4 Additional Bedrooms (2 doubles, 2 singles), 2 with en suite shower rooms with shower, w.c. and wash hand basin and 2 with bathrooms with bath, w.c. and wash hand basin
In addition there is a large area which has potential to be developed into additional accommodation if desired.
All the bedrooms are fully carpeted, fully furnished hav tea and coffee making facilities plus colour televisions.
Location : Sought after position, ESSEX
Turnover : As stated at present operated as Bed & Breakfast only. We are informed the turnover is in the region of £150,000 p.a. in our opinion offering tremendous potential for development, especially with the Bar/Restaurant. We understand the charges for a double or twin bedroom are £55 per night including breakfast and for a family room £65 per night including breakfast. In our opinion there is potential to increase the charges, if desired. Well established trade over 30 years.
Tenure : The vendors own the freehold and are prepared to grant a new 21 years full repairing and insuring lease at a rental of £49,000 p.a. exclusive of rates, with rent reviews to be negotiated. Please note the vendors are also prepared to grant a shorter lease, if desired.
Uniform Business Rates: £7,000 p.a. approx.
OUTSTANDING OPPORTUNITY TO ACQUIRE A MOST ATTRACTIVE OLDE WORLDE LICENSED HOTEL IN THIS EXCELLENT TRADING POSITION. IN OUR OPINION THE BUSINESS OFFERS TREMENDOUS POTENTIAL FOR DEVELOPMENT UNDER PERSONAL SUPERVISION.
PERSONALLY INSPECTED AND HIGHLY RECOMMENDED
Price : TO INCLUDE THE NEW LEASE, GOODWILL, FIXTURES & FITTINGS £195,000 plus STOCK AT VALUATION
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT
Staff : At present mainly staff operated with 1 person being employed in respect of the breakfasts and in addition 1 cleaner is employed. | | | | | | SOLD or WITHDRAWN FROM MARKET | | | | | | | | | | | |
