Free of Tie Public House Investment - Business Unaffected
The property comprises a detached building arranged over two levels. The building is constructed of rendered brick, with a clay tiled pitched roof. Externally to the front is a car park for approximately 40 vehicles, as well as a trade garden. To the rear is a courtyard. Internally the pub is traditional and cosy in style with exposed beams and wood panelling. The bar servery occupies a central position with seating surrounding it.
The property is not Listed. The property does not lie within a conservation area. The property currently holds A4 ‘Sui Generis’ planning use class consent. The Local Authority for the property is Chelmsford City Council.
Commencement of Lease: 1st January 2019 Inside the L&T; Act 1954 II: No Current rent per annum: £31,250 Annual RPI Increase: No Stepped Increases Yes - Y3 £32.5kpa Y4 £33.75kpa Y5 £35kpa Next Rent Review: 1 January 2024 Lease Expires: 31st December 2034 Break Clause: No Approx Term Certain: 14 years
The property is let to Pig & Whistle Essex Ltd.
Energy Performance Certificate
£425,000, representing a Net Initial Yield of 6.77%
All viewings must be made by prior appointment and under no circumstances should any direct approach be made to any of the occupational tenants/staff. For further information and all viewing requests please contact the sole selling agents Savills.
Chelmsford (3.6 miles)
Hatfield Peverel (7.5 miles)
Ingatestone (7.9 miles)