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Loughton IG10 2EQ Click here for Map |
| Location Situated on a large housing estate within the Debden area of Loughton, Essex, which is accessed from the first junction of the M11, North East of London. |
| Trade Accommodation Ground Floor - Large single bar, long servery to facing wall opposite entrance, carpeted, alcove banquet seating, occasional table and chair seating traditional décor, small raised darts area, plasma televisions, drop screen and projector, ladies and gents toilets, double doors to conservatory (housing AWP and skill machines), further double doors from conservatory to outside covered smokers area. Door from bar to private function room - carpeted, raised DJ booth, servery, Ladies and Gents toilets. Scope to expand function room into adjoining cellar store room. Lobby to rear of servery leading to office, cold beer store, bottle store and store room. Door to courtyard. Stairs to first floor. |
| Private Accommodation Comprising WC, Kitchen (brand new fitted units, contemporary radiator, wooden floor, extractor, five ring hob, barmatic oven and hob), bathroom (contemporary image, tiled walls and floor, basin, bath and power shower and cubicle), 3 x double bedrooms, airing cupboard, lounge. All with PVC double glazed windows. |
Tie Tied for draught and bottled beers and cider. Free of Tie Wines, spirits and minerals. Machines - 100% income to lessee after expenses. |
| Trade Due to its location there is little weekday lunch time trade. As local workers/ tradesmen return home late afternoon the trade is buoyant. Wooden and all Sky sports events are very busy. Additional income comes from regular events in the function room. We are advised that during the first 38 weeks of trading the premises averaged £5000 per week (wet trade). Additional income could be realised from private hire functions.. |
| Tenure 18 years remaining on a 30 year Enterprise Inns Plc lease. |
| Rent £34,000 per annum. Next review in 2012 |
| Licence Monday—Thursday 12.00—23.00 Friday and Saturday 12.00—00.00 Sunday 12.00—23.00. |
| History The present lessees have only been in situ just over 1 year and are being forced to leave due to the ill health of a relative that they must care for. |
| Price We are seeking £60,000 for the remaining lease to include trade fixtures and fittings with SAV. The freeholders will require additional funds for deposit, advance rent and legal fees. |
| 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 :- Martin Smith |
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| 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 |