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AN IMPRESSIVE AND TRADITIONAL 17th CENTURY GRADE II LISTED MULTI AWARD WINNING FREEHOUSE FOR SALE OFFERING TREMENDOUS POTENTIAL SITUATED IN THE HIGHLY SOUGHT AFTER HAVEN PORT TOWN OF HARWICH, ESSEX - POSSIBLE FUTURE ALTERNATIVE USES INCLUDING RESIDENTIAL/FLATS, SUBJECT TO RELEVANT AND REQUISITE PLANNING CONSENTS

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  • Imposing and substantial 17th Century Inn situated in the prime location of Harwich.
  • Traditional Public Bar (circa 30), versatile and multi-functional Restaurant (circa 30 covers) and Function Room (circa 25+ covers).
  • Fully equipped Commercial Catering Kitchen.
  • Superb 4 Bedroomed Family Accommodation – plus an additional self-contained 2 Bedroom Apartment and a self-contained 1 Bedroom Apartment. Superb letting potential.
  • Enclosed Courtyard.
  • Advised previous turnover circa £360,000 (incl. VAT).
  • Trade split circa 60% wet and 40% food. Undoubted potential for a catering/lettings orientated operator.
  • Refurbished and modernised yet retaining a wealth of charm and character throughout.
OF INTEREST TO A GOOD PUB OPERATOR, ENTREPRENEUR OR PROPERTY DEVELOPER.


REDUCED ‘COVID-19’ ASKING PRICE £359,000 FREEHOLD TO INCLUDE FIXTURES & FITTINGS, GOODWILL, EXCLUDING S.A.V.

Location

This outstanding business can be found in the sought after Haven Port town of Harwich in the beautiful county of Essex and can be easily reached from the A120 near Colchester, having excellent road communications providing easy access to the A12, M25 and M11 motorways and the major international airports of Stansted and Gatwick.

Being located in Harwich and also being very close to both the Harwich and Parkeston Ferry terminals, bringing an abundance of visitors and tourists from Holland and Denmark all year round. Harwich is also situated close to Clacton on Sea, Colchester, Ipswich and Felixstowe making this traditional inn ideally situated to draw trade from the nearby surrounding towns and villages and has an excellent level of repeat trade and is also well serviced by local schools, shops and amenities. An enviable place to reside and a compelling trade opportunity.

THE PROPERTY

Main entrance at the front leading into the lobby with access into the Public Bar.

Public Bar (circa 30) is a traditional room having a feature return bar servery constructed of solid European oak having a solid polished oak counter and a matching back fitting with shelving and trade optics which is complemented by a good range of loose polished tables, fixed upholstered perimeter seating, upholstered chairs and upholstered bar chairs. Adding to the charm and character of the room are the feature brick built open fireplace, the oak effect flooring and the part panelled walls. There is also a darts throw. Access to the Restaurant.

Restaurant (circa 30 covers) is a versatile and multi-functional room and exudes a warm and relaxing ambience and is well furnished with a good range of loose polished tables and leather chairs. There is also a feature log burner fireplace.

Function Room (circa 25+ covers) situated on the 1st floor, being of a good size and well furnished with solid polished tables and leather upholstered chairs. There are also 2 feature open fireplaces adding to the charm and character of the room. Access to a W.C also situated on the 1st floor.

Catering facilities include a fully equipped Commercial Kitchen with stainless steel appliances and preparation surfaces (appliances not tested).

Lower Ground Floor Cellar with dray drop, pumps, python, racks, post mix and cooler.

Ladies and Gents W.C’s.

OWNERS ACCOMMODATION

Situated on the 2nd floor, being of a good size and presented in good decorative order briefly comprises: 4 bedrooms, lounge, kitchen and bathroom. The living accommodation requires a little work to reinstate the rooms back to B&B; as they were 4 years ago. There has been a loss of two local hotels through building developments and Harwich needs further letting accommodation.

In addition, there is a self-contained flat situated on the 1st floor, briefly comprising: 2 bedrooms, lounge, kitchenette and a bathroom.

There is also self-contained apartment at the rear of the inn, having a private access and briefly comprises: 1 bedroom, lounge, kitchen and a shower room.

N.B. Agents Note: The above accommodation has immense development potential for either letting, staff, residential and owner’s accommodation usage if so desired.

EXTERNAL

There is an enclosed courtyard at the rear.

TRADING HOURS

We are advised that the business trades with the benefit of the Premises Licence (not seen) which permits the sale of alcohol during the hours of:

Monday – Saturday – 10.00am – 01.00am

Sunday – Midday – 10.00pm

The current opening hours are as follows:

Monday – Saturday – Midday – 11.00pm

Sunday – Midday – 10.00pm

NB. Important. Prospective purchasers wishing to continue to operate the public house should ensure that they gain the APLH Qualification in readiness for their intended operation of the Public House.

GENERAL REMARKS

The property and business is being offered for sale freehold (although we have not had sight of the title deeds).

We are advised that the inn benefits from all mains services (services not tested). Business rates payable are advised as being £NIL per annum.

THE BUSINESS

Our vendor clients operate this highly successful business on a ‘husband and wife’ team on a full time basis with the assistance of 2 full time and 6 part time/casual members of staff.

Trade is currently derived from circa 60% wet and 40% food sales, thereby providing immense scope for a new hands-on operator partnership with previous experience of running a catering/letting orientated operation to take this business to even greater heights by focussing on a strategic and extensive marketing campaign to further promote the premises.

The inn has achieved the Camra accolade of ‘Pub of the Year’ for 2019 and has also twice received a ‘Certificate of Excellence’ from Trip Advisor.

Advised previous turnover circa £360,000 (incl. VAT).

This is truly an incredible opportunity for either an owner operator to continue to build the business or for a commercial investor to enhance their existing portfolio.

* POSSIBLE FUTURE ALTERNATIVE USES INCLUDING RESIDENTIAL/FLATS, SUBJECT TO RELEVANT AND REQUISITE PLANNING CONSENTS BEING OBTAINED FROM THE LOCAL AUTHORITY *

The asking price reflects the current trading foundation, the location and quality of fixtures and fitting, and of course not forgetting that this is an extremely substantial freehold property.

Accounting information will be made available to interested parties after viewing.

Viewing appointments must be made by contacting Guy Simmonds at sales@guysimmonds.co.uk.

Details Prepared: July 2019

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