IDEAL BUSINESS OPPORTUNITY with approximately 2500sq m site which could be
Approx 1 hour to London Liverpool Street,
and also approx 300 yards to town and station .
Very rarely does an opportunity like this become available.
Situated within waking distance to Braintree town and railway station with direct link into London Liverpool Street.
Offering a multiple of options this FREEHOLD Grade11 Listed pub can either be turned back with renovation into another thriving business such as a restaurant or good old fashioned pub, or a rental investment as the accommodation comes with its own front door, or with the land this property sits on a possible land development, the choices are endless.
Sitting above the pub the property also comes with a self contained three double bedroom apartment, with its own front door,perfect if you wanted another rental income.
If you are looking for your next investment opportunity then look no further this certainly will tick all your boxes.
Application to the council is needed for the planning.
The plot is located within walking distance of Braintree Town Centre and Railway Station
Opportunity for this property to be converted into 5 flats and a bedsit.
The land could also be converted to 2 blocks of 12, 2 bed flats, subject to planning or 1 block with other infrastructure on it.
Tt also has an electric substation joined to the site and the main sewer pipe runs from the rear of the site to the road alongside the right hand side boundary. There is also a large garage with 8' x 8' doors approx. 20' x 10' to get a large van in and a workshop next to it 20' x 6' approx, which could be used while building.
Lounge Area :
40'00 x 26'00
range of windows heating and open fireplace.
Bar Area :
With working cellar
Fully working kitchen just off the bar area.
Original sash window to front and side, window to rear, roll edge work surfaces with inset, single drainer sink unit, inset four ring electric hob, range of base and wall mounted units, soace for washing machine and fridge freezer.
Annexe Living Room
Sash windows to front and rear, three radiators, wall and ceiling beams.
Sash window, radiator, wall and ceiling beams.
Annexe Bedroom Two
Sash window, radiator, wall and ceiling beams.
Annexe Bedroom Three
14'4"max x 11'7" max
Sash window, further window, radiator, laminated flooring.
Obscure glazed window, three piece suite comprising low level wc, enclosed panel bath with mixer tap, telephone style shower attachment, pedestal wash hand basin ,part tiled walls, radiator.
Parking for several vehicles.
The Plot measures approx. 180ft x 100ft.
This Property is subject to an undisclosed Reserve Price which in general will not be 10% more than the Opening Bid. The Reserve Price and Opening Bid can be subject to change. The Online Auction terms and conditions apply.
This property is offered for sale via Online Auction which is a flexible and buyer friendly method of purchase. The purchaser will not be exchanging contracts on the fall of the virtual hammer, but will be given 56 working days in which to exchange and complete the transaction from the date the Draft Contract is issued by the sellers solicitor.
By giving a buyer time to exchange contracts on the property, normal residential finance can be arranged. The Buyer’s Premium secures the transaction and takes the property off the market. Fees paid to the Auctioneer may be considered as part of the chargeable consideration for the property and be included in the calculation for stamp duty liability. Further clarification on this must be sought from your legal representative.
The buyer will be required to give the Auctioneer authority to sign the Reservation Form on their behalf and to confirm acceptance of the Terms and Conditions prior to solicitors being instructed. Copies of the Reservation Form and all Terms and Conditions can be found in the Information Pack which can be downloaded from our website or requested from our Auctioneer.
Upon close of a successful auction, or if the vendor accepts an offer during the auction, the buyer will be required to make payment of a non-refundable Buyer's Premium of £5,400 including VAT, plus a buyer's administration charge of £354 including VAT, a total of £5,754. This secures the transaction and takes the property off the market. Any additional fees and charges over and above this will be confirmed within the terms and conditions available on the website.
The Buyer's Premium and buyer's administration charge are in addition to the final negotiated selling price.
If the Buyer Information Pack has been produced and provided by GOTO Group any successful purchaser will be required to pay £354.00 (including VAT) towards the cost of the preparation of the pack. These can then be used by your solicitor to progress the sale.
There are no other fees or charges payable to the Auctioneer however, there are other costs to consider such as:
An EPC is broadly like the labels provided with domestic appliances such as refrigerators and washing machines. Its purpose is to record how energy efficient a property is as a building. The certificate will provide a rating of the energy efficiency and carbon emissions of a building from A to G, where A is very efficient, and G is inefficient. The data required to allow the calculation of an EPC includes the age and construction of the building, its insulation and heating method. EPCs are produced using standard methods with standard assumptions about energy usage so that the energy efficiency of one building can easily be compared with another building of the same type. The Energy Performance of Buildings Directive (EPBD) requires that all buildings have an EPC when they are marketed for sale or for let, or when houses are newly built. EPCs are valid for 10 years, or until a newer EPC is prepared. During this period the EPC may be made available to buyers or new tenants.
By setting a proxy bid, the system will automatically bid on your behalf to maintain your position as the highest bidder, up to your proxy bid amount. If you are outbid, you will be notified via email so you can opt to increase your bid if you so choose.
If two of more users place identical bids, the bid that was placed first takes precedence, and this includes proxy bids.
Another bidder placed an automatic proxy bid greater or equal to the bid you have just placed. You will need to bid again to stand a chance of winning.