Public Houses for sale in Halstead

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Freehold available for charming pub presented in excellent condition following refurbishment

Halstead, Essex, England

  • Freehold Price: £350,000
Seller Reference: HALSTEADG
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Business Description
 
 
 
 
 
 
 
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Seller Reference: HALSTEADG
Request Details
Business Description
• Freehold available with the benefit of vacant possession
• Characterful building with period features
• Subject to comprehensive refurbishment
• Sizeable site with trade garden and parking
• Suitable for conversion or development (stpp)

Property
A traditional coaching inn, the Griffin dates back to the early 18th Century and is a 1.5 storey, timber-framed and plastered building with 3 dormers to the attic at the front. The detached property has been modernised throughout but retains many period features such as a large bay window and sash windows.

The ground floor has an attractive central bar servery and a variety of loose and fixed seating for c 60 internal covers in total. Refurbished male and female WC's and an extensive cellar and storeroom are located at ground floor level. A commercial kitchen, with extraction, is located behind the bar area.

On the first floor, there is a well presented manager's flat which comprises a large double bedroom, domestic kitchen/diner and lounge, along with a large bathroom with shower and bath, plus storage areas.

Outside, there is a patio trade garden enclosed by fencing with picnic tables catering for c. 50+ covers. An extensive dedicated car park provides plenty of car parking to the rear with access from Parsonage Street.

Measurements
The area of the public house site extends to 0.3 acres. The ground floor footprint (GEA) of the public house extends to 197m² (2,120ft²). 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 Braintree District Council https://www.braintree.gov.uk/

The property will be sold subject to an overage clause for new residential development (excluding conversion of the existing) for a period of 10 years, with 20% of any uplift 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 wet led 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. Previous Rateable Value was £16,000.
Tenure:
Freehold
Location Details:
The town of Halstead is situated in north Essex, within the Braintree district, around 6 miles north of Braintree and 13 miles west of Colchester. It has a population of c. 11,906 (2011 census). The Griffin is located in the oldest part of the town on Parsonage Street, a short walk from the River Colne and the town centre.
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