File Ref: E-816754 Angel St Marys Square, , , CO5 9AN

Tenure  Popular Essex commuter town Leasehold  Busy locals pub with growing food sales  Large car park, beer garden and terrace dining Price  Sales Y/E 28.2.2018 £405,695 exc. VAT £75,000  Excellent condition, large owner's flat above

Simon Jackaman Divisional Director 01223 402600 [email protected]

SOLE SELLING RIGHTS Angel

St Marys Square, Kelvedon, Colchester, Essex CO5 9AN

File Ref: E-816754

Google © Copyright (2019). All rights reserved.

Location

The Angel sits prominently, just on the edge, of Kelvedon high street, in a built up residential area on the B1024 which runs through the centre of this popular Essex commuter town.

Kelvedon is located approximately 2 miles from the A12 and has a regular rail service to ( Street - 48 mins). The nearest larger towns are Colchester, 8 miles north, and the city of is 13 miles south. The sought after villages of Great Braxted and Silver End are equally 3 miles distance.

Description

The Angel offers a substantial two storey detached property of brick construction under a pitched tile roof with weather board gable ends. The exteriors are rendered elevations with side and rear protrusions under flat roofs. Trade and ancillary accommodation is over the ground floor with private accommodation on the first floor. There is a large car park, al fresco dining area and a beer garden. The property throughout is presented in a very good condition with modern fixtures and fittings.

Google © Copyright (2019). All rights reserved. Angel

St Marys Square, Kelvedon, Colchester, Essex CO5 9AN

File Ref: E-816754

Trade Regular events are held and well supported by the local community such as music nights, karaoke and themed food The Angel has been under the ownership of our client for nights along with a popular Gin club. the past seven years. In this time they have refurbished what was an ageing drinking only pub into a vibrant and Sales for the year ended 28 February 2018 were £405,695 modern business, fit for the 21st Century. It retains a strong, excluding VAT with the business able to demonstrate good loyal drinking following from local residents and those in conversion levels to profitability. outlying villages, and is predominantly wet led. Food sales

are increasing year on year and a comprehensive menu and special boards are establishing this business with a growing reputation which is highly regarded in the area.

There is a separate restaurant and the main bar has a TV showing sporting events on terrestrial broadcasting channels. The Angel is renowned for its range of real ale

and cask beers, along with a great reputation for gins, brandy's and an array of whiskey and bourbon.

Angel

St Marys Square, Kelvedon, Colchester, Essex CO5 9AN

File Ref: E-816754

Rear lobby with door to year for deliveries and stairs leading to first floor. Dry store cupboard Office Trade kitchen - a well-equipped modern trade kitchen with a comprehensive range of stainless steel equipment, including canopy extractor fan, six ring gas burner and oven, fryers, stainless steel worktops, pass and refrigeration. Wash-up and pot wash.

Owner's accommodation Located across the first floor comprising landing, separate WC, domestic kitchen with high and low level units, sink, hob/oven and separate breakfast area. Two double bedrooms, one with built in wardrobes and one currently used as an office/snug, lounge, bathroom with two piece suite comprising bath and wash basin.

Accommodation External areas A tarmac driveway wraps around the property providing The accommodation briefly comprises:- approximately 25/30 car spaces. At the front of the

property there are two dining terraces, one with wooden Ground floor pergola providing coverand seating for approximately 17 From the front entrance lobby to main bar - stripped natural customers. The other, an open terrace which has seating for wood floorboards, seating for 24 customers, brick open 12 customers under umbrellas. Both are enclosed with fireplace with inset fire grate, large window to front aspect raised plant boxes, paving and are partially decked. providing good source of natural light, doors leading onto

front terrace. To the rear of the property is a lawned beer garden with

benches for 32 customers, children's play equipment and Bar servery - solid Oak servery with hand pulls and taps, aviary. Garden is enclosed by a dwarf wall and picket back spirit and glass shelving, bottle fridges, glass wash-up fencing. Brick outbuilding, former external WCs currently and storage area and serving hatch from kitchen. used for storage/wood store. There is a separate contained

bin storage area, and an enclosed yard with timber shed for Ladies and Gentlemen's WCs. additional storage.

Restaurant - in its current configuration, tables and chairs are laid for 42 customers, stripped natural wood floorboards, brick open fireplace with inset grate.

Solid Oak bar servery, coffee machine back bottle fridges (wine), racking for wine storage, door leading on front patio.

Ladies, including baby changing facilities and Gentlemen's WCs.

Ancillary areas Basement beer cellar, with adjacent large store, with dray drop, back up freezers and shelving.

Angel

St Marys Square, Kelvedon, Colchester, Essex CO5 9AN

File Ref: E-816754

Tenure

Leasehold - the property is currently held on a Punch Partnership lease for a term of 10 years from 24th May 2017 and is subject to Consumer Price Index (CPI) on the 24th May 2022 and 23 May 2027.

We are informed that the lease is tied for all beers, but is 'free of tie' for wines and spirits. The current rent passing is £40,967 per annum exclusive. Further information on the lease can be obtained by contacting Fleurets' East office.

Licence

A premises licence prevails, the main licensable activities being:-

Sale by retail of alcohol for consumption on and off the premises:

Monday - Wednesday, 10:00hrs to 23:00hrs Thursday - Saturday, 10:00hrs to midnight Sunday, 12:00hrs - 23:00hrs

Business Rates & Council Tax

The property is in an area administered by Council. The 2017 Rateable Value has been assessed at £27,500.

The domestic accommodation is within Band 'B' for council tax purposes.

EPC

The property has an Energy Performance Asset rating of C- 52. The Energy Performance Certificate was issued on the 16th April 2012.

Services

We are informed that the premises benefit from all mains services. Central heating to the trade and private accommodation is gas central heating via radiators.

Application Procedure

Prospective purchasers will be requested to complete a Punch Partnership Ltd Application Form and provide a business plan, cash flow forecast, and evidence of funding prior to interview.

Angel

St Marys Square, Kelvedon, Colchester, Essex CO5 9AN

File Ref: E-816754

VAT

All prices quoted and offers made shall be deemed to be exclusive of VAT and VAT will be added where applicable. In most cases VAT is reclaimable. Prospective purchasers should consult their accountant for professional advice in this respect.

Viewing

Strictly by appointment only through Fleurets' East office on 01223 402 600.

Finance & Insurance

If you would like to take advantage of the knowledge and experience of a selection of firms who specialise in providing finance and insurance for licensed properties contact your local Fleurets office. A phone call may help to provide you with terms and/or cover, which best fits your requirements. Angel

St Marys Square, Kelvedon, Colchester, Essex CO5 9AN

File Ref: E-816754 Angel

St Marys Square, Kelvedon, Colchester, Essex CO5 9AN

File Ref: E-816754

Ordnance Survey © Crown Copyright (2019) All rights reserved. Licence number 1000047722.

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