The Star Public House, Mill End Thaxted (Near Bishop Stortford) Essex CM6 2LT

The Star Public House, Mill End
Thaxted (Near Bishop Stortford)
Essex
CM6 2LT

Freehold Public House Investment

Let to Adnams plc until 2025
Located in Historic and Attractive Essex town
Rent Review June 2011
Approximately 0.13 hectares (0.33 acres)
10 miles north of Stansted airport.
Rent gear to 75167077144f Open Market Rental Value

Lot
25
Auction
26th May 2011
Rent
£25,000 per Annum Exclusive
Status
Sold
Price
£400,000
Auction Venue
Millennium Hotel
39-44 Grosvenor Square
London W1K 2HP

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Freehold Public House Investment

Let to Adnams plc until 2025
Located in Historic and Attractive Essex town
Rent Review June 2011
Approximately 0.13 hectares (0.33 acres)
10 miles north of Stansted airport.
Rent gear to 75167077144f Open Market Rental Value

Lot 25
Auction 26th May 2011
Rent £25,000 per Annum Exclusive
Status Sold
Price £400,000
Sector
Leisure
Auction Venue
Millennium Hotel
39-44 Grosvenor Square
London W1K 2HP

Property Information

Location

Miles: 10 miles north-east of Bishop's Stortford, , 23 miles south of Cambridge, , 8 miles south-east of Saffron Walden
Roads: M11, A120, B184
Rail: Stansted Airport Rail, Newport (Essex) Rail, Elsenham Rail
Air: Stansted Airport

Situation

Thaxted is a well preserved historic and attractive Essex town that appears in the Domesday Book. The town is popular among tourists and is located some 10 miles north-east of Bishop's Stortford and 8 miles south-east of Saffron Walden.
The property is prominently situated on the south side of the busy Mill End (B184) close to its junction with Town Street and Park Street.

Tenure

Freehold.

Location

Miles: 10 miles north-east of Bishop's Stortford, , 23 miles south of Cambridge, , 8 miles south-east of Saffron Walden
Roads: M11, A120, B184
Rail: Stansted Airport Rail, Newport (Essex) Rail, Elsenham Rail
Air: Stansted Airport

Situation

Tenure

Freehold.

Description

The property, a substantial and attractive traditional building, comprises public house accommodation on the ground floor and residential accommodation on the first floor. The property benefits from a site area of approximately 0.13 hectares (0.33 acres) which provides forecourt parking for up to 10 vehicles and a substantial beer garden with frontage to Park Street. The tenant has recently carried out a refurbishment programme to the roof.

VAT

VAT is applicable to this lot.

EPC

The EPC will be available to view online in the solicitor’s legal pack.

Description

VAT

VAT is applicable to this lot.

EPC

The EPC will be available to view online in the solicitor’s legal pack.

Tenancy & Accommodation

Floor	Use	Floor Areas (Approx)		Tenant	Term	Rent p.a.x	Reviews
Ground First	Public House Residential – 5 Rooms	168.63 sq m 92.45 sq m	(1,815 sq ft) (995 sq ft)	ADNAMS PLC (1)	32 years from 16/11/1993 until 2025 (2)	£25,000	01/06/2011 and 3 yearly (3)
Totals		261.08 sq m	(2,810 sq ft)			£25,000

(1) Adnams plc operate over 70 of their own pubs across East Anglia (Source: www.adnams.co.uk) For the year ending 31st December 2009, Adnams plc reported a turnover of £51,321,000, pre-tax profits of £3,110,000 and net assets of £24,143,000. (Source: www.riskdisk.com 16/03/2011)
(2) The tenant has sublet the property to the pub operator on a tied lease.
(3) The lease provides for the rent to be reviewed to 75% of the Open Market Rental Value.