Bridge Road, Moreton, Ongar, Essex, CM5

£150,000

Guide price

DESCRIPTION:

An elegant Free Of Tie Public House/Restaurant in an idyllic village setting within a grade II listed detached building. Briefly comprising approx 1,200 sq.ft. with an internal seating maximum of 90. Car parking front and back for 25 cars. Al Fresco seating for 140! Upper parts divided into 2 flats with 5 large bedrooms, all having en-suite bathrooms.

Location Moreton is an affluent village in the Epping Forest district of Essex, and is located 7.2 miles east of Harlow and 3.2 miles north-west of Chipping Ongar.

Property A Grade II listed detached building on a plot of 0.51 of an acre, the first recorded landlord of the pub dating back to 1649. The White Hart has been a central village institution then for almost 400 years, and is the quintessential 'English Country Pub'. The ground floor is divided into 3 distinct areas in a total of some 1,200 sq.ft. comprising the main Bar, split level dining room, & further dining/function room with its own Bar and access to a cloakroom with disabled persons WC. Overall seating capacity of 90. Ladies & gents WC's with access to the rear terrace. Fully equipped commercial kitchen approx. 400 sq.ft. Externally, there is seating to the front for 30, another 70 to the right hand elevation and another 40 at the rear covered/decked terrace. Detached barn-style store 400 sq.ft. Front & rear parking for 25, the rear with its own detached function Bar.

Upper Parts Comprising a total of 5 spacious double bedrooms, all with en-suites, currently occupied by 2 staff members, the rooms having been divided into 2 flats.

Turnover We and our Client will share revenue and expenses information with bona fide applicants only.

Trade Split For the most recent year, the trade split was 63% wet sales and 37% food sales.

Hours Closed on Mondays. Tuesday to Thursday 12noon till 11pm. Friday & Saturday 12 noon till 12 midnight. Sunday 12 noon till 10.30pm.

Premises Licence This permits the sale of alcohol, for consumption both on and off the premises, Monday-Thursday from 10am till 11.30pm, Friday & Saturday from 10am till midnight and Sundays from 10am till 10.30pm.

Tenure/Rent Leasehold. Granted from 9th March 2018 until the 1st May 2027. Rent £40,000pa + VAT subject to a review in May 2022.

Business Rates The 2017 rating assessment shows an adopted value of £23,000. After transitional relief, the sum payable is approx. £12,000 per annum.

Legal Fees Each party is to be responsible for their own legal fees.

Arrange viewing 01702 781134

Dedman Gray

103 The Broadway, Thorpe Bay, Essex

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