Kings Arms

Tenure
To Let
Price Variable
Nil Premium
Rent (per annum)
£ 55,000
Description
  • Beautifully Presented Pub with Traditional Character
  • Close to Colchester and Braintree
  • Split Main Bar (20) and Restaurant (30)
  • Excellent and Loyal Customer Base
  • New Letting Block with 6 En-Suite Bedrooms
  • Further 3 Letting Bedrooms on 1st Floor
  • New 1 Bedroom Annex for Owners
  • Huge Trade Development Potential
  • New Development Plans to Rear
Location

The Kings Arms is ideally located on the main A120 to Braintree (8 miles) and Marks Tey (3 miles). Providing easy access to the A12 to the newly appointed City of Colchester (8 miles), Ipswich (24 miles) and Chelmsford (20 miles). Marks Tey station provides frequent services to destinations such as London Liverpool, Ipswich, Colchester and Sudbury.

Property

A beautifully presented 2 storey building. 2 front entrances leading into Main Bar (20) & Restaurant (30). Both areas are traditionally decorated, with prominent wooden servery and large inglenook fireplace with wood burner in situ. Ladies and Gents facilities. Fully equipped and well-maintained trade kitchen.

Ground floor cellar and bottle store. A new ground floor annex has been built to provide owners accommodation, consisting of a spacious double bedroom, large lounge and bathroom. On the 1st floor (internal access only) are 3 double letting rooms. A new boutique letting accommodation block (Opened in May 2021) offers 6 excellently presented en suite rooms, with views across the field to the rear. There is also a manager’s bedsit, which could be converted to a further spacious letting room.

External areas consist of a car park to the front for approximately 12 vehicles however, the landlord plans to develop a new car park to the rear at some point in the near future. To the side is an extensive and well-kept trade garden with patio and grassed area. The area is equipped with comfortable garden furniture, as well as picnic style bench seating on the grassed area.  


Measurements

Site Area of 0.5 acres (approximate from digital mapping). Please be advised that the landlord is in the process of acquiring the land immediately to to the rear of the property, which will result in the construction of a new car park for patrons and guests. Site plans available upon request.

Planning

The building is not listed.

Tenure

A new, free of tie, lease is available at a term of up to 12 years. Internal repair and decoration only. Please be advised that the lease will be unassignable during this time. Guide rent of £55,000, or base rent and turnover share is available to be agreed with the landlord. 3 months rent deposit to be lodged upon lease being agreed. This is a lifestyle business and our client requests that only 'live in' owner operators will be considered. All applicants will be expected to provide a suitable business plan and proof of funding available. A guarantor may be requested. 

Fixtures & Fittings

All trade fixtures and fittings (save for a few personal items) are available for purchase at a price to be agreed with the landlord.

The Business

The Kings Arms has been successfully trading under a couple who have leased the property for the last 18 years. They now wish to retire. During their tenure they have created a warm family friendly establishment, serving comforting home cooked food. There is a loyal 'locals' trade, as well as 'drop in' trade from those passing or visiting the area. The recent addition of the letting rooms is now an exciting project ready to be undertaken by new owners. The rooms have proved very popular with wedding parties, couples or tourists visiting the area, as well as executive contractors. At present the business is open 12pm - 11pm 7 days a week. This is an ideal venture for an enthusiastic couple looking to focus on the F&B and accommodation side of the business, as well as hosting regular events for the local trade. The successful applicant will be well supported by the landlord (in a financial capacity), in order to ensure trade flourishes.

Rates & Charges

Rateable Value: £4,600.

Country
England
County
Essex
Town
Colchester
Address
A120 Coggeshall Road, Broad Green
Post Code
CO6 1RU
Under Offer
No
Reference Number
RF108554
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