Established Pub With Large Garden & Two 1-bed Flats In Great Wakering For Sale

Great Wakering, Essex, UK

Asking Price:: £10,000

Turnover:: Not applicable

Net Profit:: Not applicable

+ 10 images

An attractively designed pub boasting a spacious garden area and first-floor accommodation was acquired by our clients in 2019. Since then, they have made substantial investments undertaking a refurbishment of both the ground floor pub and newly fitting out the first floor accommodation into two self-contained 1-bed flats.

Under their ownership, the business has garnered an outstanding reputation, reflected in impressive ratings of 4.5 stars on TripAdvisor, 4.5 stars on Google, and an impressive 4.8 stars on Facebook, in addition to having a huge social media following on both Facebook and Instagram. The establishment offers a diverse menu featuring pizzas, burgers, fries, and chicken, contributing to its broad appeal and they have gained significant recognition for their Sunday roasts in the area.

Property Information

Property:: Leasehold

Lease Terms:: Rental of £36,000 per annum exclusive for the ground floor commercial only. Alternatively the entire property including the two 1-bed flats above is available at a commencing rental of £52,000 per annum exclusive. The flats are currently let out producing a rental income of £895pcm each, so a total of £21,480 per annum. NOTE: The freehold is available which also has development potential at £1,000,000 please contact Gilbert & Rose if you want further details or have any questions.

Location:: Situated in an excellent trading position, the property enjoys high visibility and benefits from significant passing trade. The surrounding area is densely populated with residential buildings offering high levels of potential customers. The premises find themselves in the company of various other business types including a card shop, fish & chip takeaway, and a Co-op, amongst others.

Premises Details:

An imposing detached property with fascia board and entrance doors leading into the PUB/RESTAURANT which is currently set out for approximately 70 internal covers with hanging lighting, wood flooring and TV. BAR with draught pumps, wine fridge, 2 x under-counter display fridges, coffee machine, coffee grinder, under-counter fridge, drink display shelving, wash-hand basin and Epos till system. There are separate male, female and disabled WCs. An opening at the rear of the bar leads through to a KITCHEN equipped with 2 x stainless-steel fridges, dishwasher, salamander grill, stainless-steel double sink, wash-hand basin, commercial extractor system, 2 x twin-basket fryers, griddle, Rational oven, 2 x pizza ovens, large stainless-steel freezer, 2 x microwaves and various stainless-steel prep tables. Also in this rear area is a CELLAR. Doors at the rear of the property lead outside to a large GARDEN AREA currently arranged to provide 130 covers, but could easily accommodate more. A lean-to heated seating area, smoking area, RAISED DECKED SEATING AREA, EXTERNAL BAR, SEATING AREA ON GRASS and CHILDREN'S PLAY AREA. To the side of the garden area is PRIVATE PARKING with 18 marked-out bays.

ACCOMMODATION - Accessed via a self contained entrance door at the rear of the property leading to a staircase up to the first-floor which is currently arranged to provide two 1-bed self contained flats which are arranged as follows:

Flat 1 – 1 Bedroom, Lounge, Separate Kitchen, and Separate Bathroom with shower.

Flat 2 – 1 Bedroom, Lounge, Separate Kitchen, and Separate Bathroom with shower.

Business Operation

Trading hours:: Wednesday to Thursday 12 pm to 11 pm, Friday and Saturday 12 pm till 12 am, Sunday 12 pm till 9 pm. Closed Monday and Tuesday. We are advised the premises is licenced for the sale of alcohol until 1am on Friday and Saturday nights with the other days licenced until 12am.

Employees:: Owners are supported by 1 full-time member of staff, 2 full-time and 2 part-time kitchen staff on shared shifts and various other part-time members of staff.