Three Colts, 54 Princes Road, Buckhurst Hill, IG9 5EE
Offers in Excess of
£1,100,000
£168.35 per sq ft
Business rates & charges may apply
- SIZE AVAILABLE
6,534 sq ft
607 sq m
- SECTOR
Commercial property for sale
Key features
- Freehold public house investment
- Entire property let to a private individual
- Property arranged over three levels: basement, ground and first floors
- Current rent of £81,506 per annum
- The rent is subject to annual RPI increases with a collar of 2% and cap of 5%
- We are instructed to invite offers in excess of £1,100,000 (7.00% NIY)
- Site extending to 0.150 acres
- Lease expires December 2033
- Business unaffected by sale
Description
Description
The property comprises the ground, basement and first floor of a two storey corner building with painted rendered elevations beneath a pitched and hipped roof.
Location
Located in the Essex suburb of Buckhurst Hill, 4.3 miles (6.9 kilometres) north of Wanstead and 14.0 miles (22.4 kilometres) north west of Central London.
The Three Colts is situated at the intersection between Princes Road and Kings Place in a predominantly residential area. Queens Road is a short distance to the east with occupiers including Waitrose, Costa Coffee and a number of independent retailers and restaurants. Buckhurst Hill underground station is 400m to the south.
Accommodation
Ground Floor: The ground floor provides an open plan trading area with a central bar servery and seating on loose tables, chairs and bench seating for 46 customers. There is a dining area to the left rear with further seating for 28 customers and a snug area behind the bar for 6 customers. Ancillary areas include a trade kitchen and customers WC's.
First Floor: The first floor comprises an office and managers accommodation including kitchen/living room, bathroom and three bedrooms.
Basement: The basement provides a cellar and stores.
Externally: There is a beer garden to the rear with seating on wooden benches for 78 customers. Additional seating is provided to the front elevation for 12 customers.
Tenure
The property is held freehold (Title Number EX459277).
Tenancy
The entire property is let to to a private individual on a lease expiring 18 December 2033 at a current rent of £81,506 per annum which is subject to annual RPI increases with a collar of 2% and cap of 5%. A rent deposit of £11,691 is held by the landlord.
Planning
The property is not listed or situated within a conservation area.
VAT
It is envisaged that the property will be sold as a TOGC so the transaction should therefore be exempt from VAT on the basis the purchasing entity is VAT registered.
EPC
C - 66
Terms
We are instructed to invite offers in excess of £1,100,000 (7.00% NIY) assuming the usual purchasers costs.
Fixtures & Fittings
The fixtures and fittings are currently owned by the occupational tenant.
Money Laundering
Money Laundering Regulations require Savills to conduct checks upon all prospective purchasers. Prospective purchasers will need to provide proof of identity and residence.
Similar Investment Opportunities
If you have an ongoing requirement for similar investment opportunities then please visit the following website for a selection of properties we are currently marketing:
Viewings
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.
The property comprises the ground, basement and first floor of a two storey corner building with painted rendered elevations beneath a pitched and hipped roof.
Location
Located in the Essex suburb of Buckhurst Hill, 4.3 miles (6.9 kilometres) north of Wanstead and 14.0 miles (22.4 kilometres) north west of Central London.
The Three Colts is situated at the intersection between Princes Road and Kings Place in a predominantly residential area. Queens Road is a short distance to the east with occupiers including Waitrose, Costa Coffee and a number of independent retailers and restaurants. Buckhurst Hill underground station is 400m to the south.
Accommodation
Ground Floor: The ground floor provides an open plan trading area with a central bar servery and seating on loose tables, chairs and bench seating for 46 customers. There is a dining area to the left rear with further seating for 28 customers and a snug area behind the bar for 6 customers. Ancillary areas include a trade kitchen and customers WC's.
First Floor: The first floor comprises an office and managers accommodation including kitchen/living room, bathroom and three bedrooms.
Basement: The basement provides a cellar and stores.
Externally: There is a beer garden to the rear with seating on wooden benches for 78 customers. Additional seating is provided to the front elevation for 12 customers.
Tenure
The property is held freehold (Title Number EX459277).
Tenancy
The entire property is let to to a private individual on a lease expiring 18 December 2033 at a current rent of £81,506 per annum which is subject to annual RPI increases with a collar of 2% and cap of 5%. A rent deposit of £11,691 is held by the landlord.
Planning
The property is not listed or situated within a conservation area.
VAT
It is envisaged that the property will be sold as a TOGC so the transaction should therefore be exempt from VAT on the basis the purchasing entity is VAT registered.
EPC
C - 66
Terms
We are instructed to invite offers in excess of £1,100,000 (7.00% NIY) assuming the usual purchasers costs.
Fixtures & Fittings
The fixtures and fittings are currently owned by the occupational tenant.
Money Laundering
Money Laundering Regulations require Savills to conduct checks upon all prospective purchasers. Prospective purchasers will need to provide proof of identity and residence.
Similar Investment Opportunities
If you have an ongoing requirement for similar investment opportunities then please visit the following website for a selection of properties we are currently marketing:
Viewings
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.
Brochures
Three Colts, 54 Princes Road, Buckhurst Hill, IG9 5EE
NEAREST STATIONS
Distances are straight line measurements from the centre of the postcode- Buckhurst Hill Station0.2 miles
- Roding Valley Station0.5 miles
- Woodford Station1.2 miles
Notes
These notes are private, only you can see them.
Disclaimer - Property reference 287643-1. The information displayed about this property comprises a property advertisement. Rightmove.co.uk makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and Rightmove has no control over the content. This property advertisement does not constitute property particulars. The information is provided and maintained by Savills, Margaret Street - Licensed Leisure. Please contact the selling agent or developer directly to obtain any information which may be available under the terms of The Energy Performance of Buildings (Certificates and Inspections) (England and Wales) Regulations 2007 or the Home Report if in relation to a residential property in Scotland.
Map data ©OpenStreetMap contributors.