Public Houses for sale in Colchester

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Freehold available for attractive and historic village pub on large site close to Colchester

Colchester, Essex, England

  • Freehold Price: £425,000
Seller Reference: FORDHAM3HS
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Business Description
 
 
 
 
 
 
 
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Seller Reference: FORDHAM3HS
Request Details
Business Description
• Comprehensively extended and refurbished in recent years
• Food led freehold with extensive parking
• Trade garden and patio areas
• Large 3 bed domestic accommodation
• Fully fitted and equipped
• EPC rating: C (59)

Property
The detached period property, formerly 4 cottages, has been subject to comprehensive refurbishment and extension of the trade and kitchen areas, over recent years. The ground floor provides several interlinked trade areas with exposed beams, feature inglenook fireplace, wooden floorboards and bespoke bar servery.

To the rear is a vaulted dining area leading to the trade garden with access to snug and bar areas and a further restaurant area, with space for over 60 internal covers in total. Refurbished male and female WC's and extensive cellar are located at ground floor level. The commercial trade kitchen has been upgraded, including new extraction, wash up area and is well-equipped throughout.

The 1st floor provides extensive domestic accommodation comprising 3 double bedrooms, lounge, bathroom and shower room.

Externally there is a substantial dedicated shingle car park for around 30+ cars, grassed trade garden, patio and service yard, as well as a detached garage.

Measurements
The area of the public house site extends to 0.4 acres (1,598m² ). The ground floor footprint (GEA) of the public house extends to 260m² (2,800ft²), with detached garage of 20m² in addition. Measurements are taken from digital mapping and are approximate.

Planning
We are advised the property is Grade II Listed but does not fall within a conservation area. The relevant local authority is Colchester Borough Council https://www.colchester.gov.uk/ The property is registered as an ACV.

The property will be sold subject to an overage clause for new residential development for a period of 10 years, with 20% of any uplfit in value payable to the vendor for the first 5 years, dropping to 10% for the remaining 5 years.

Tenure
The freehold interest of the property is available with vacant possession. TUPE will not apply.

Fixtures & Fittings
All trade fixtures & fittings are included in the sale. Stock will be bought in addition, at valuation, on completion, if applicable.

The Business
The business has traded successfully as a food focused community pub up until its recent closure. Accounts can be made available to genuinely interested parties.

Rates & Charges
Business Rates: All retail, hospitality and leisure businesses in England qualify for the business rates holiday for the 2020 to 2021 tax year. We understand the business is eligible for 100% rate relief (Rateable Value £5,800) Council Tax: £1,417 per annum (Band B)
Tenure:
Freehold
Location Details:
Fordham is a village and civil parish with a population of c. 835 (2011 Census). It is located in the Colchester district of Essex, around 6 miles north-west of Colchester. The Three Horseshoes occupies a large site next to All Saints Church on Church Road, which is the main road linking the village to Colchester.
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