- Price £ 215,000 + SAV
- Agent Neil Mansell
- Property type Restaurant
- Reference EX3809
- Contract type Leasehold
- Location Ingatestone
- Listing categories Pub / Bar, Restaurant / Cafe
The business was established approximately 13 years ago and has developed an excellent reputation in the local area for high quality Italian food and offers a characterful setting for dining in the affluent area of Ingatestone. The business also has a separate bar at the rear of the premises as well as first floor offices and accommodation. The freehold is also available via separate negotiation.
Ingatestone is a village in Essex with a population of approximately 5,000 and is a main commuter town with many people travelling into London on a daily basis for work. Located close to the main areas of Brentwood (5 miles) & Chelmsford (6 miles) the venue it situated on the main High Street that runs through the village. The village is accessible from the A12 and also on the main trainline into London Liverpool Street.
Full of character and presented and maintained to a high standard the property measures approximately 3,360 sq.ft including the first floor accommodation and the bar and courtyard to the rear of the property. Offering capacity for 65 -70 covers the property is split into a number of smaller dining areas which makes it a very friendly and cosy setting.
To the side of the property is the ‘Edible Garden’ courtyard which offer separate access to the bar area which offers a more open plan space for people who solely wish to drink or for diners to continue their night out and stay on the premises.
The business is closed all day on Mondays and Sunday evening but open for lunch and dinner Tuesday – Saturday. The bar is open from Thursday – Saturday.
The owners are involved in the day to day running of the business and there are approximately 9 members of staff that work with them on a full time or part time basis. All equipment is owned and included in the sale of the business.
There are approximately 10 years remaining on the existing lease at an annual rent of £42,000.
The Rateable Value (RV) is £29,000. Please see the Valuation Office Agency website at www.voa.gov.uk for more information.
To include leasehold premises, fixtures & fittings: £215,000
The EPC Rating is ‘E’.