logo
The Victory
Click on image for larger picture

The Victory

Coast Road
West Mersea
Essex

SOLD


Location
Situated on the holiday resort of Mersea Island 5 miles from Colchester and the A125. Some light industry in the immediate area, but mainly boating, holiday homes and private residential. Brick built double storey property built in the early 30’s, very large land area with extensive out buildings.
Trade Accommodation
Two bar operation, to the left of the property is a small public bar with small servery, part wooden floor with a rustic theme, pool table, dart throw and TV station. Open fire place. This bar has it’s own toilets, both are 3/4 tiled. The main bar is fully carpeted but still follows the rustic theme, good size central servery, Ladies and Gents toilets, 3/4 tiled are situated off the bar to the left of the servery. This leads through to the restaurant with it’s own entrance and shared toilets. To the rear of the servery is a trade kitchen and prep areas, small but can cope with the current trade with ease. The premises has full gas central heating. There is a large cellar with cold room and bottle store adjacent.
Private Accommodation
: Entrance from the rear of the bar leads to the private accommodation comprising of 1 bedroom, lounge, kitchen, and bathroom/toilet, all in good condition There are 4 letting rooms all en-suite, theses rooms have just undergone extensive modernisation and redecoration to a high standard. There is a private entrance from the rear of the property to the managers and letting accommodation.
Outside
Car parking for 40+ cars, large beer garden and children's garden area.
Tie
Tied for draught and bottled beers, Free of Tie for wines, spirits and minerals.
Trade
We are advised that takings currently average £10,000 to £25,000 per week in the summer months and drops to £3,000 to £4,000 in the winter. There are only management accounts showing takings and expenses, these will be made available to interested parties. The premises have two gaming machines and a pool table. The trade is local with clients from the nearby moorings and caravans.
Premises Licence
The premises hold the following licence Monday to Thursday 1100am to 11.30pm and Friday and Saturday from 11.00am to 00.30am, live music, recorded music, sports, and on and off sales. Sunday old hours
Tenure
24 years remaining on a Scottish Enterprises PLC 25 year full repairing and insuring lease to assign. This assignment is due to ill health..
Rent
£49,000, next rent review is in 4 years.
Price
We are seeking offers in the region of £75.000 for the remaining interest to include trade fixtures and fittings, with stock, glassware and loose catering in addition at valuation. Some personal items of inventory will be removed. In addition the purchasers will require monies for their own legal fees, Scottish Enterprises PLC security deposit and rent in advance if required, these sums will be discussed at interview stage..


Viewing Details :-
After an initial discreet viewing of the trade areas only all persons who wish to view the private quarters should make an appointment via the vendors “Sole Agents” who will at this stage request proof of finance and discuss the requirements of the freeholders.
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
Finance Available


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
Back to Lease Assignments