CHURCHGATE HOTEL, CHURCHGATE STREET VILLAGE, OLD , CM17 0JT

STUNNING GRADE II LISTED BOUTIQUE HOTEL AND RESTAURANT – FOR SALE ON A SHELL AND CORE BASIS INTRODUCTION

SUMMARY The original parts of this Grade II listed property date back to around 1600 • 8 spacious suites, bedrooms and apartment; when it was a chantry house to the local church. It is believed the property was sold by the Crown into private ownership in the early C17th and the house • Open plan restaurant and bar suitable for approximately 90 covers (much as we see it today) was constructed around 1650. • Function room with capacity for around 40 • Residents’ lounge In later years, the property was part of a larger hotel which closed in 2014 and acquired later that year by our client. They have subsequently developed an • Purpose built commercial kitchen. (Fit out not included); impressive upscale residential scheme of some 14 houses and 12 apartments • Planning permission for 8 garden suites on the grounds surrounding the Churchgate Hotel. • Terrace, gardens and car park for 30 vehicles Our client is an experienced property developer and has worked closely with English Heritage on the extensive refurbishment of this historic property. Offers in the Region of £1,750,000. Freehold The refurbishment has been undertaken to an exceptionally high standard. It is proposed the property will be sold on a shell and core basis; thereby allowing a new owner to fit out and capitalise on a new product offering in a strong trading location.

LOCATION

The Churchgate Hotel is located in the affluent village of Old Harlow (est. population 6,000); a designated Conservation Area which has retained much of its original market town character including a “rich variety of listed buildings of different ages ranging from 15th, 17th, 18th, 19th century of significant historic and architectural interest”. Source: www.harlow.gov.uk/sites/harlow

Old Harlow is the original settlement of neighbouring Harlow (est. population 90,000). The prosperity and strong local economy present great opportunity for the Churchgate Hotel. Just a few miles from the hotel is the Harlow Enterprise Zone which is already home to several major employers. This is set to expand with the construction soon to start of a “Med Tech Campus, bringing together research, innovation and manufacturing”. Source: http://harlowez.org.uk/london-road-north/ . Indeed, our client has designed the suites with the higher end, corporate client in mind. Demand from this particular source is expected to be high upon opening of the hotel.

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CHURCHGATE HOTEL, CHURCHGATE STREET VILLAGE, OLD HARLOW, ESSEX CM17 0JT LOCATION (CONTINUED)

The locale benefits from great transport links. Fastest train journey times from Harlow Town station to London Liverpool Street are just 34 minutes. is 12 miles to the north, Junction 7 of the M11 (4 miles, south) and Junction 27 of the M25 (8 miles, south). Conurbations of note in the surrounding area include Hertford, and Bishop’s Stortford.

THE PROPERTY

Grade II listed property principally arranged over basement, ground, first and second floors. The refurbishment has seen all areas of the hotel sympathetically restored and these are summarised below. PUBLIC AREAS

Located to the ground floor:

• Open plan restaurant and bar suitable for approximately 90 covers

• Function room with capacity for around 40

• Residents’ lounge

• Ladies, Gents and Accessible WCs

GUEST ACCOMMODATION

The property incorporates 8 lettable units. Located to the 1st and 2nd floors, these comprise: • 5 suites • 2 en suite double bedrooms • 1 two-bedroom apartment

Interested parties should note the property also benefits from an extant planning permission to develop 8 garden suites.

CHURCHGATE HOTEL, CHURCHGATE STREET VILLAGE, OLD HARLOW, ESSEX CM17 0JT DEVELOPMENT AND SCOPE

The aforementioned planning permission to develop the garden suites and other consents associated with the property can be viewed at http://www.harlow.gov.uk/planning-register .

ANCILLARY AREAS

Purpose built commercial kitchen (fit out not included), stores, office and staff area.

EXTERNAL

The property includes a terrace, garden and a car park for approximately 30 vehicles.

SERVICES

The property is connected to all mains services.

LICENCES

In advance of opening, interested parties are reminded to consider the consider liquor and other licensing legislation

TRADE

The Churchgate Hotel has been closed since 2014. As such, no historic accounts will be made available.

It is the Agent’s opinion that clear scope exists for a new owner to quickly establish a successful business at the Churchgate Hotel. Whilst no formal feasibility study has been undertaken, it is felt that significant revenues could be generated from a high quality food and beverage offering complemented by boutique letting bedrooms.

TENURE

Freehold.

CHURCHGATE HOTEL, CHURCHGATE STREET VILLAGE, OLD HARLOW, ESSEX CM17 0JT PRICE AND METHOD OF SALE

Offers in the region of £1,750,000 are sought for the freehold interest on a shell and core basis.

The property is not equipped with furniture, fixtures or other equipment.

VIEWING AND FURTHER INFORMATION All appointments to view MUST be made through the vendors' agents who are acting with sole selling rights. Further information, including floor plans, available upon request to Colliers International.

FURTHER INFORMATION For further information or to arrange an inspection of the property, please contact:

Paul Barrasford 020 73446963 [email protected]

SUBJECT TO CONTRACT

Disclaimer Colliers International gives notice that these particulars are set out as a general outline only for the guidance of intending Purchasers or Lessees and do not constitute any part of an offer or contract. Details are given without any responsibility and any intending Purchasers, Lessees or Third Party should not rely on them as statements or representations of fact, but must satisfy themselves by inspection or otherwise as to the correctness of each of them. No person employed or engaged by Colliers International has any authority to make any representation or warranty whatsoever in relation to this property. (Date here) Colliers International is the licensed trading name of Colliers International Property Advisers UK LLP which is a limited liability partnership registered in Insert source and Wales with registered number OC385143. Our registered office is at 50 George Street, London W1U 7GA.

CHURCHGATE HOTEL, CHURCHGATE STREET VILLAGE, OLD HARLOW, ESSEX CM17 0JT