Affluent commuter town location with mainline train station and Stansted Airport in close proximity
Excellent Value Add Opportunity
Attractive Freehold properties with ample parking
29 x 1 and 2 Bed Suites with potential to create a minimum of 12 more
Potential Residential Development Site (STP)
Excellent occupancy levels – regularly at 100% occupation
Total average net income of c.£17,750 per calendar month
An imposing character restaurant/pub with separate hotel accommodation offering 27 Hotel letting suites and 2 Management Apartments, all with extensive parking availability.
Planning permission was granted for an additional 16 en-suite rooms in February 2010. Four of which have already been built. Further detail available upon request. This is a significant value add opportunity either as it’s currently used or as a residential conversion (STP) and development, whilst also retaining the whole restaurant and pub premises.
The premises enjoy a high retention rate and historically very low void period.
As a freehold property there are no ground rents. The owner is responsible for and in control of the entire property.
There are 5 large studios, 1 smaller studio, 3 two-bed suites and 18 one-bed suites. In addition to two management flats; 1 one-bed and 1 two-bed.
All the suites are furnished and will remain so as part of the investment sale.
According to the OS mapping system the hotel buildings have a footprint of 4,929 sq ft although to reflect the two storey nature of the accommodation this would equate to 9,858 sq ft approximate gross external area. The restaurant premises measures approximately 4,000 sqft GEA on ground floor.
Please speak to the Agent for further important detailed information regarding the site.
Is accommodation included?:
Yes
Location Details:
The property is situated in the attractive and affluent Essex commuter town of Stansted Mountfitchet (population circa 6,000). The property is situated on Pines Hill (B1383), which is the main road which runs south to Bishop’s Stortford (population 45,000) and north to Saffron Walden and Cambridge beyond.
Stansted Airport is only a 10-minute drive from both Stansted Mountfitchet and Bishop’s Stortford.
Stansted Mountfitchet is popular with local residents and commuters to London and Airport.
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