Kings Head, The Street, Gosfield, Halstead, CO9 1TP
Offers in Excess of
£1,050,000
£83.99 per sq ft
Business rates & charges may apply
- SIZE AVAILABLE
12,502 sq ft
1,161 sq m
- SECTOR
Commercial property for sale
Key features
- Freehold public house investment
- Entire property let to The Wild Pub Company Limited
- Site extending to 0.287 acres
- Four bedroom managers accommodation at first floor
- Current rent and tie release fee of £83,848 per annum
- Lease expires August 2029
- The rent and tie release fee are both subject to annual rent reviews reflecting the change in the RPI over the preceding 12 months, subject to a minimum increase of 2% and a maximum increase of 6%
- We are instructed to invite offers in excess of £1,050,000 (7.55% NIY)
- Business unaffected by sale
Description
Location
Located in the village of Gosfield in the county of Essex, 5.0 miles (8.0 kilometres) north of Braintree and 17.1 miles (27.4 kilometres) west of Colchester.
The Kings Head is situated at the intersection between Church Road and The Street in a predominantly residential area with nearby occupiers including The Marquis Hall, Gosfield Community Primary School and the Apple Tree restaurant.
Specifications
The property comprises the ground and first floor of a two storey detached building with painted rendered elevations beneath a pitched and hipped roof
Accommodation
Ground Floor: The ground floor provides a two roomed trading area with interlinking bar servery and seating on loose tables, chairs and sofas for 26 customers in the bar area and 64 customer in the restaurant area. Ancillary areas include a trade kitchen, cellar, customer WC's and a number of stores.
First Floor: The first floor comprises an office and living accommodation with kitchen, living room, four bedrooms, bathroom and separate WC.
External: There is seating on wooden benches to the front elevation for 90 customers with further seating to the rear for 20 customer. There is parking to the rear for 19 vehicles along with a single storey garage.
Tenure
The property is held freehold (Title Number EX662643).
Tenancy
The entire property is let to The Wild Pub Company Limited on a 5 year lease from 28 August 2024 at a current rent of £34,584 per annum and an annual tie release fee of £49,264, which are both subject to annual reviews reflecting the change in the RPI over the preceding 12 months, subject to a minimum increase of 2% and a maximum increase of 6%. A rent deposit of £8,420 is held by the landlord. The lease is contracted out of the security of tenure provisions of the Landlord and Tenant Act 1954.
Planning
The property is Grade II Listed and is situated within the Gosfield and Greenstead Green Conservation Area.
VAT
It is envisaged that the property will be sold as a TOGC so the transaction should therefore be exempt from VAT on the basis the purchasing entity is VAT registered.
EPC
D-92
Terms
We are instructed to invite offers in excess of £1,050,000 (7.55% NIY) assuming the usual purchasers costs.
Fixtures and Fittings
The fixtures and fittings are currently owned by the occupational tenant.
Money Laundering
Money Laundering Regulations require Savills to conduct checks upon all purchasers. Prospective purchasers will need to provide proof of identity and residence.
Similar Investment Opportunities
If you have an ongoing requirement for similar investment opportunities then please visit the following website for a selection of properties we are currently marketing:
Viewings
All viewings must be made by prior appointment and under no circumstances should any direct approach be made to any of the occupational tenants staff.
Located in the village of Gosfield in the county of Essex, 5.0 miles (8.0 kilometres) north of Braintree and 17.1 miles (27.4 kilometres) west of Colchester.
The Kings Head is situated at the intersection between Church Road and The Street in a predominantly residential area with nearby occupiers including The Marquis Hall, Gosfield Community Primary School and the Apple Tree restaurant.
Specifications
The property comprises the ground and first floor of a two storey detached building with painted rendered elevations beneath a pitched and hipped roof
Accommodation
Ground Floor: The ground floor provides a two roomed trading area with interlinking bar servery and seating on loose tables, chairs and sofas for 26 customers in the bar area and 64 customer in the restaurant area. Ancillary areas include a trade kitchen, cellar, customer WC's and a number of stores.
First Floor: The first floor comprises an office and living accommodation with kitchen, living room, four bedrooms, bathroom and separate WC.
External: There is seating on wooden benches to the front elevation for 90 customers with further seating to the rear for 20 customer. There is parking to the rear for 19 vehicles along with a single storey garage.
Tenure
The property is held freehold (Title Number EX662643).
Tenancy
The entire property is let to The Wild Pub Company Limited on a 5 year lease from 28 August 2024 at a current rent of £34,584 per annum and an annual tie release fee of £49,264, which are both subject to annual reviews reflecting the change in the RPI over the preceding 12 months, subject to a minimum increase of 2% and a maximum increase of 6%. A rent deposit of £8,420 is held by the landlord. The lease is contracted out of the security of tenure provisions of the Landlord and Tenant Act 1954.
Planning
The property is Grade II Listed and is situated within the Gosfield and Greenstead Green Conservation Area.
VAT
It is envisaged that the property will be sold as a TOGC so the transaction should therefore be exempt from VAT on the basis the purchasing entity is VAT registered.
EPC
D-92
Terms
We are instructed to invite offers in excess of £1,050,000 (7.55% NIY) assuming the usual purchasers costs.
Fixtures and Fittings
The fixtures and fittings are currently owned by the occupational tenant.
Money Laundering
Money Laundering Regulations require Savills to conduct checks upon all purchasers. Prospective purchasers will need to provide proof of identity and residence.
Similar Investment Opportunities
If you have an ongoing requirement for similar investment opportunities then please visit the following website for a selection of properties we are currently marketing:
Viewings
All viewings must be made by prior appointment and under no circumstances should any direct approach be made to any of the occupational tenants staff.
Brochures
Kings Head, The Street, Gosfield, Halstead, CO9 1TP
NEAREST STATIONS
Distances are straight line measurements from the centre of the postcode- Braintree Station4.5 miles
- Braintree Freeport Station4.7 miles
Notes
These notes are private, only you can see them.
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