8374F

A HIGHLY IMPRESSIVE CAMRA AWARD WINNING REAL ALE FREEHOLD COMMUNITY INN SITUATED IN A PRIME LOCATION WITHIN THE HISTORIC MARKET TOWN OF COLCHESTER, ESSEX

8374F


  • Imposing and substantial award winning community inn situated in the prime location of Colchester.
  • Traditional Public Bar (circa 30+), relaxing Lounge Bar (circa 30+), versatile Function Room (circa 30).
  • Impressive 2 Bedroomed Owner’s Accommodation.
  • Well-equipped Commercial Catering Kitchen.
  • Enclosed Beer Garden and Patron’s parking facilities (circa 2 cars).
  • Trade split circa 90% wet and 10% food. Undoubted potential for a catering/functions orientated operator.
A ONCE IN A LIFETIME OPPORTUNITY TO PROCURE A WELL ESTABLISHED BUSINESS AND HOME OFFERING MASSIVE GROWTH POTENTIAL


ASKING PRICE £450,000 FREEHOLD TO INCLUDE FIXTURES & FITTINGS, GOODWILL, EXCLUDING S.A.V.

Location

This outstanding business is located in the centre of the highly desirable and densely populated historic town of Colchester and can be easily reached from the A12. Situated in the heart of the commuter belt and also having excellent road communications providing easy access to the A12, M25, M11, M23, A1(M) and M1 motorways making this superb location an extremely popular commuter area for the major motorways and the major international airports of Heathrow, Gatwick, Stansted and Luton. Colchester is also within close proximity to the Harwich and Parkeston Ferry terminal, bringing an abundance of visitors and tourists from Holland and Denmark all year round. Colchester is also situated close to Braintree, Ipswich, Chelmsford, Felixstowe and Clacton On Sea making this traditional community inn ideally situated to draw trade from the nearby surrounding towns and villages and has an excellent level of passing and repeat trade and is also well serviced by local schools, shops and amenities. A compelling trade opportunity.

THE PROPERTY

Entrances at the both sides leading into the Public Bar and the Lounge Bar.

Public Bar (circa 30+) is a traditional room having a feature return bar servery with a solid polished counter and a matching mirrored back fitting with trade optics and refrigerated bottle coolers (not tested) which is complemented by a good range of polished tables, upholstered chairs, mini stools and upholstered bar stools. Adding to the charm and character of the room is the feature fireplace with an inset log burner, the solid oak floor and the part panelled walls.

Lounge Bar (circa 30+) is a relaxing room having a feature return bar servery with a solid polished counter and a matching mirrored back fitting with shelving which is complemented by an eclectic range of solid polished tables, upholstered chairs, pew style seating and bar chairs. Adding to the charm and character of the room is the feature open fireplace and the part oak floor. Access to the Beer Garden.

Function Room (circa 30) is a versatile room ideal for private parties and wakes etc and is well furnished with solid polished tables and chairs. The room has a vaulted ceiling and a solid oak floor. Sliding doors giving access to a lovely covered seating area.

Catering facilities (situated on the 1st floor) include a well-equipped Commercial Kitchen with stainless steel appliances and preparation surfaces (appliances not tested). There is also a wash-up room. Stock Room/Office.

Lower Ground Floor Cellar with dray drop, pumps, pythons x2, tilt racks and cooler.

Ladies and Gents W.C’s

OWNERS ACCOMMODATION

Situated on the 1st floor, being of a good size and presented in good decorative order briefly comprises: 2 bedrooms, lounge and bathroom.

EXTERNAL

There is an enclosed Beer Garden furnished with timber picnic benches. There is also a covered designated smoking area with barrel racks used for beer festivals and brick built barbeque. There is also an additional covered seating area with tables and chairs (adjacent the Function Room). Patron’s parking facilities for circa 2 cars.

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 - Thursday 9.00 am - 11.00 pm

Friday & Saturday - 9.00 am - Midnight

Sunday - 9.00 am - 11.00 pm

The current opening hours are as follows:

Sunday - Thursday - Midday - 11.00pm

Friday & Saturday - Midday - Midnight

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 £0 per annum.

THE BUSINESS

Our vendor clients operate this highly successful business on a ‘hands-off’ basis with the assistance of a selection of full time and part time/casual members of staff. Trade is currently derived from circa 90% wet and 10% food sales, thereby providing immense scope for a new hands-on operator partnership with previous experience of running a catering/functions orientated operation to take this business to even greater heights by focussing on a strategic and extensive marketing campaign to further promote the premises.

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.

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.

THERE IS NO ACCOUNTING INFORMATION AVAILABLE.

Viewing appointments must be made via Guy Simmonds on 01332 865112.

Details Prepared: March 2020

ADDITIONAL IMAGES

8374F

8374F

8374F

8374F

8374F

8374F

8374F

8374F

8374F

8374F

8374F

8374F

8374F

8374F