Freehold Public House Investment and Development Opportunity
Attractive Riverside Public House with Beer Garden and Car Park
Car Park May be Suitable for Residential Development (subject to consents)
Public House Let on a New Lease Until 2031 (NO BREAKS)
Frontage to the River Thames
Popular Essex Location in Residential Area
Close to Grays Railway Station and The Lakeside Shopping Centre
Lot 26
Auction 17th February 2022
Rent £75,000 per Annum Exclusive
Status Withdrawn Prior
Price
Sector Development
Auction Venue Live Streamed Auction
Property Information
Location
Miles
21 miles east of Central London
Roads
A13, M25, A2, A282
Rail
Grays Train Station
Air
London Southend Airport, London Stansted Airport, London City Airport, London Gatwick Airport,
Situation
Grays is the largest town in Thurrock with a population of approximately 66,000, located two miles from the Dartford River Crossing and close to the A13 and J30 of the M25 providing excellent communications to Central London. The site is situated in a predominantly residential area fronting the River Thames, a short distance from Grays Train Station, Grays Town Centre and the Lakeside Shopping Centre.
Tenure
Freehold.
Location
Miles
21 miles east of Central London
Roads
A13, M25, A2, A282
Rail
Grays Train Station
Air
London Southend Airport, London Stansted Airport, London City Airport, London Gatwick Airport,
Situation
Grays is the largest town in Thurrock with a population of approximately 66,000, located two miles from the Dartford River Crossing and close to the A13 and J30 of the M25 providing excellent communications to Central London. The site is situated in a predominantly residential area fronting the River Thames, a short distance from Grays Train Station, Grays Town Centre and the Lakeside Shopping Centre.
Tenure
Freehold.
Description
The property, an attractive Grade 2 listed Public House comprises Public bar and Ancillary accommodation on the ground floor and residential accommodation on the first and second floors and a surface car park with capacity significantly in excess of the 38 marked car parking spaces. The total approximate site area is 0.73 Acres (0.295 Hectares).
The Car Park may be suitable for residential development (subject to consents). The property is not situated within a Conservation Area
VAT
VAT is applicable to this lot.
Planning
The Public House building is Grade 2 Listed but is not situated within a Conservation area.
The property does not appear on Thurrock Council's register of Assets of Community Value that is published at https://www.thurrock.gov.uk/sites/default/files/assets/documents/assetscommunityvalue-register-v14.pdf
Note
The Special Conditions of Sale provide for the Buyer to pay to the Seller a sum in addition to the purchase price. Please see the Special Conditions of Sale which is available in the Seller’s solicitors Legal Pack.
Completion Period
Six week completion
EPC
The EPC will be available to view online in the solicitor’s legal pack.
Description
The property, an attractive Grade 2 listed Public House comprises Public bar and Ancillary accommodation on the ground floor and residential accommodation on the first and second floors and a surface car park with capacity significantly in excess of the 38 marked car parking spaces. The total approximate site area is 0.73 Acres (0.295 Hectares).
The Car Park may be suitable for residential development (subject to consents). The property is not situated within a Conservation Area
VAT
VAT is applicable to this lot.
Planning
The Public House building is Grade 2 Listed but is not situated within a Conservation area.
The property does not appear on Thurrock Council's register of Assets of Community Value that is published at https://www.thurrock.gov.uk/sites/default/files/assets/documents/assetscommunityvalue-register-v14.pdf
Note
The Special Conditions of Sale provide for the Buyer to pay to the Seller a sum in addition to the purchase price. Please see the Special Conditions of Sale which is available in the Seller’s solicitors Legal Pack.
Completion Period
Six week completion
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
Review/ (Reversion)
Ground First Second
Public House Ancillary Ancillary
215.00 sq m 105.00 sq m 37.00 sq m
(2,314 sq ft) (1,130 sq ft) (398 sq ft)
ROZEE BAR GROUP LIMITED (1)
10 Years from 23/06/2021 until 2031 on a Full Repairing and Insuring Lease (2)
£75,000
23/06/2026 (22/06/2031)
Car Park
Car Park
0.467 Acres
(0.189 Hectares)
VACANT POSSESSION
£0
Total Approximate Floor Area
357.00 sqm
(3,842 sq ft)
£75,000
(1) Rozee Bar Group Limited (CRN 013471617) are a recently incorporated company. A rent deposit of £18,750 +VAT is held by the Seller. (2) The lease is outside of the security of tenure provisions of the Landlord and Tenant Act 1954.
If you are the successful bidder, Acuitus requires a separate payment of £1,500+VAT as a buyer's administration charge payable to Acuitus Limited upon exchange of contracts. A VAT receipt will be provided upon payment.
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