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
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.
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
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.
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.
