Freehold for Sale
Price: Offers in Excess of £390,000 Ex VAT exc VAT, if applicable
Bid Deadline- 31/10
Freehold sale, subject to a lease in place
- 295 sq m Gross External Area - (3,175 sq ft)
- Freehold sale, subject to existing lease in place
- Current passing rent in region of £30,000 per annum, exc VAT
- Recently refurbished building with ground floor trade areas, rear patio and large flat above
The property is located in Chelmsford to the South West of the main town centre. The property is linked to the main town centre dissected by Parkway (A1060), a busy arterial ring road serving the town. The property fronts Moulsham Street a highly desirable small independent retail and commercial are characterised by local retailers.
Maisons is a detached 2 storey brick built property, part rendered and timber clad, under pitched tiled roof, which has been subject to extensive refurbishment recently. The property is accessed via a lobby entrance with steps to the contemporary lit bar servery.
The ground floor provides a substantial feature contemporary bar servery with largely open plan trade areas with some fixed seating and tiled flooring. A further trade area utilised as a dance area with DJ booth is accessed down steps. A large office and storage area, previously used as a commercial trade kitchen is found behind the bar servery. This leads onto a large function room currently used for storage but suitable for additional bar and trade areas. A cellar is provided at basement level.
The 1st floor provides ample domestic accommodation including 4 double bedrooms, bathroom and domestic kitchen.
Externally the property provides a self contained walled trade garden with timber decking and fixed and loose seating, along with service yard with access for deliveries.
The ground floor footprint of the public house, as measured from digital mapping, extends to 295m² (3,175 ft²). The site area is approximately 396 m² (4,264 ft²).
The business benefits from a late premises licence, which will transfer with the sale of the property, with permitted trading hours until 1am Monday to Thursday and 3am Friday and Saturday.
We are advised that the property is not Listed nor does it fall within a Conservation Area. Prospective purchasers are advised to make their own enquiries to Braintree District Council on 01376 552525, or www.braintree.gov.uk
The property is available freehold, subject to the following leases:-
The Public House is held on a fully repairing and insuring lease for a term of 20 years from 15th March 2004, expiring on 14th March 2024 at a current rent of £29,446 pax. The lease is protected under the Landlord & Tenant Act 1954.
A £7,326.00 deposit is held by the landlord. The lease is subject to a purchasing agreement with the tenant required to purchase from the landlord, or its nominated supplier all Beer, Cider and FABs.
Rates & Charges
Business Rates£13,891.00 per annum (based on a Rateable Value of £29,000)
Council Tax£1059.42 per annum (Council Tax Band: A)
50 Moulsham Street