|
 Click on image for larger picture |
Loughton, Essex |
| Location Situated on a council estate constructed for the staff at the nearby Bank of England complex, which is semi closed. The estate is now private. There is light industry in the immediate area, also a local college and the E15 acting school. Very close to the M11 and good public transport to London. |
| Trade Accommodation Trade—two bar operation with an open room divider. Right hand side used as pool and darts area, the main bar is used as a meeting bar with the addition of the big screen tv. Two sets of ladies and gents toilets. Lounge bar servery covering both bar areas, usual equipment to service the pub. To the rear left is the function room which can accommodate 80 covers for dinners and 100 for buffets. It has it’s own servery. From here doors lead onto the garden. Behind the servery is a small compact trade kitchen, the bottle beer store and entrance to the cellar. To the far right of this area is an unused off licence with it’s own street entrance, fully secure with window shutters, which could be brought back into use at little cost. |
| Private Accommodation The first floor private accommodation consists of kitchen and utility room, (exit to flat roof), shower room, cupboard space, 4 good sized bedrooms, lounge/diner and bathroom/toilet. All the rooms are large and in good decorative order. Outside: Rear beer garden, car park and grassed area to the front, private garden with double garage and yard. The property has full central heating, CCTV and intruder alarm to police. |
| Trade Local community pub with emphasis on the use of the function room by local clubs, i.e. Freemasons, Model flying club, Dancer’s club, mothers and toddlers group, super league darts, with in addition the normal parties weddings etc. The two bars have facilities to cater for the general local trade, which includes big screen television, pool and darts. ( There are ten teams, plus super league at the moment). Entertainment is provided on Saturday evenings, plus the occasional Fridays with middle of the road duos. There is potential for more food trade. Takings are on an average in excess of £5000 pw, with room hire and excellent gaming machine income in addition. Accounts are available to interested parties. |
| Tenure This property is held on an Inntrepreneur 20 year full repairing and insuring lease, with 17 years remaining. |
| Rent £36,500 pa with the next rent review in 2006, current rates payable are £8527 pa. |
| Price We are seeking offers in the region of £150,000.00 plus stock and glassware at valuation on the day of change. In addition the purchaser will require monies for their own legal fees, Brewery security deposit and rent in advance. |
| Viewing Details :- STRICTLY BY APPOINTMENT THROUGH THE VENDORS AGENTS. YOUNG AND SMITH Telephone 020 7709 8788 Fax 020 7709 8789 For further details on this Public House please Contact :- George Young |
|
| Misrepresentation Act 1967
n b. the information contained in these particlars has been verified by Young & Smith staff so far as it has been possible to do so. Young & Smith believes the information is correct, objective and unambiguous and meets in all respects, the requirement of the property misdescriptions act and order |