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3 bedroom pub for sale

The Foundry Arms, Colchester, CO1

Sold STC £180,000

Property Description

Key features

  • Freehold Investment
  • 3 Bedroom Flat Above

Full description

******SOLD BY AUCTION 19TH OCTOBER 2016************

AUCTION GUIDE PRICE - £180,000 - £200,000

A Freehold public house investment currently let at a rent of £21,800 per annum

A Freehold public house investment currently let at a rent of £21,800 per annum

Situated in a densely populated residential area to the South East of the town centre is this freehold public house with a spacious three bedroom flat above. Colchester offers an excellent range of shopping facilities, main line rail links to London (Liverpool Street) and is conveniently situated along the A12 corridor.


ACCOMMODATION

Ground Floor:
Bar - 41'10" x 23' (12.8m x 7.0m)
Male and Female W.C's
Rear Hall

First Floor:
Living Room - 19'10" x 11'3" (6.0m x 3.4m)
Bedroom 1 - 11'11" x 11'3" (3.6m x 3.4m)
Bedroom 2 - 11'9" x 11'3" (3.6m x 3.4m)
Bedroom 3 - 11'3" x 10'1" (3.4m x 3.1m)
Kitchen - 19'10" x 8'4" (6.0m x 2.6m)
Bathroom/WC


EXTERIOR

Beer Garden to the Rear


TENANCY

The property is let on a 7 year lease from January 2015 at a rent of £21,800 per annum. A rent review is scheduled after 3 years.



Map & Street View

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*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 Essex , Southend-on-Sea on 01702 333399.


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