Red Lion

Freehold available for prominent Essex public house on large site with development/extension potential for a range of commercial uses (STP)

Transaction: Freehold for sale Address: 130 Coggeshall Road, Marks Tey, Essex, CO6 1LT Type: Public House, Land / Development, Other, Alternate Use, Leisure, Bar, Restaurant Tenure: Freehold Freehold offers sought in excess of £375,000, exc VAT, subject to vacant possession, sold as seen. The Red Lion is a detached, Grade II Listed building which is predominantly arranged over two storeys under a pitched tiled roof. The property requires refurbishment throughout. The bar area is accessed from the front of the main building and provides around 36 covers. Male & female WCs are also present. The restaurant area is adjacent and serves a further c. 24 covers. To the rear of the property, there is a commercial trade kitchen and cellar, located at ground floor level. The private accommodation is all situated at 1st floor level and consists of 2 double bedrooms, office and bathroom. A separate lounge/bedroom is accessed via a dedicated staircase. To the eastern side of the property is a large trade garden, replete with children’s play area. To the rear of the property is an outbuilding which has been used for storage along with a fenced private garden. Car parking, for up to 25 vehicles, is available to the front and side of the property. Overage The sale of the freehold interest is subject to an overage provision placed on the title by a previous owner, expiring in August 2027, providing a 15% uplift in value, applying only to new build residential development on the whole site and excluding conversion of the existing building. The overage liability to occur either on the implementation of the permission or sale of the land with the benefit of permission.