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3 bedroom pub for sale

The Foundry Arms, 83 Artillery Street, Colchester CO1 2JQ

Sold STC 1,918 sq. ft. | £180,000

Property Description

Commercial information

  • 1,918 sq ft (178 sq m)

Key features

  • Freehold public house investment
  • Bar with 3 bedroom flat above
  • Let on new 7 year lease
  • Rental income of £21,800 per annum
  • SOLD by PUBLIC AUCTION for £192,500

Full description

Tenure: Freehold

SOLD BY AUCTION

Situated in a densely populated residential area to the south east of the town centre is this freehold public house with a spacious 3 bedroom flat above.

Colchester offers an excellent range of shopping, schooling and recreational facilities, main line rail links to London Liverpool Street and is conveniently situated along the A12 corridor.

The property extends to over 1900 sq ft with the ground floor entirely dedicated to the bar and WC facilities with a beer garden to the rear.

The current tenant has been in situ for over three years and a new 7 year lease at a rent of £21,800 was put in place at the beginning of this year. A rent review is scheduled after 3 years, the freeholder can give 3 months¿ notice at any time and a deposit of £4500 is held.

Offering close to an 11% yield at the low end of the Guide Price we believe this to be a first class commercial investment..

More information from this agent

Nearest stations

  • Hythe (0.5 mi)
  • Colchester Town (0.6 mi)
  • Colchester (1.6 mi)
Distances are straight line measurements from centre of postcode

To view this property or request more details, contact:

Auction House, Ipswich

17 Neptune Quay Ipswich IP4 1QJ

01473 870139 Local call rate

How much will it cost me to call the number displayed on the site?

Standard geographic charges from landlines and mobiles apply and calls may be included in your telecom provider's call package.

Floorplans


To view this property or request more details, contact:

Auction House, Ipswich

17 Neptune Quay Ipswich IP4 1QJ

01473 870139 Local call rate

How much will it cost me to call the number displayed on the site?

Standard geographic charges from landlines and mobiles apply and calls may be included in your telecom provider's call package.

Map & Street View

Nearest stations

  • Hythe (0.5 mi)
  • Colchester Town (0.6 mi)
  • Colchester (1.6 mi)
Distances are straight line measurements from centre of postcode

To view this property or request more details, contact:

Auction House, Ipswich

17 Neptune Quay Ipswich IP4 1QJ

01473 870139 Local call rate

How much will it cost me to call the number displayed on the site?

Standard geographic charges from landlines and mobiles apply and calls may be included in your telecom provider's call package.

Disclaimer - Property reference Oct1601. The information displayed about this property comprises a property advertisement. Rightmove.co.uk makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and Rightmove has no control over the content. This property advertisement does not constitute property particulars. The information is provided and maintained by Auction House, Ipswich. Please contact the selling agent or developer directly to obtain any information which may be available under the terms of The Energy Performance of Buildings (Certificates and Inspections) (England and Wales) Regulations 2007 or the Home Report if in relation to a residential property in Scotland.

*Guide Price: An indication of a seller's minimum expectation at auction and given as a “Guide Price” or a range of “Guide Prices”. This is not necessarily the figure a property will sell for and is subject to change prior to the auction.

Reserve Price: Each auction property will be subject to a “Reserve Price” below which the property cannot be sold at auction. Normally the “Reserve Price” will be set within the range of “Guide Prices” or no more than 10% above a single “Guide Price.”

Auction Fees: The purchase of this property may include associated fees not listed here, as it is to be sold via auction. To find out more about the fees associated with this property please call Auction House, Ipswich on 01473 558 888.


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