Angel Hotel

Affluent Suffolk Village Market Square Bar & Restaurant with 9 Letting Rooms. Freehold with Vacant Possession

Transaction: Freehold for sale Address: 18 Market Place, Lavenham, Suffolk, CO10 9QZ Type: Public House, Alternate Use, Cafe, Restaurant, Bar, Hotel Tenure: Freehold Freehold - Offers in Excess of £700,000 plus VAT SALES TERMS & CONDITIONS VAT will be levied on the sale price of the freehold at the standard rate on 90% of the purchase price.The purchaser (via their solicitor) will be required to pay an abortive legal fee deposit of £10,000 (to be held by the seller's solicitor) prior to the release of the legal package. The purchaser will have 15 working days from the date the legal pack is released from the seller's solicitor to the purchaser's solicitor to exchange contracts. 10% of the purchase price will be payable upon exchange of contracts. If the purchaser exchanges contracts within such period, the abortive fee deposit will be credited against the purchase price. If the purchaser withdraws from the transaction or the contracts are not exchanged within such period, the abortive legal fee will be forfeited. The seller will undertake to provide timely responses to the purchaser's enquiries and comments to facilitate their ability to exchange contracts within the required timeframe. The deposit will be refunded if the seller is unable to show good title (assuming any issue raised cannot be covered by title indemnity insurance).or withdraws from negotiations within the required timeframe. If exchange does not occur within the required timeframe, the seller shall be free to withdraw from the transaction and retain the abortive deposit. Completion to be 15 working days after exchange of contracts. The Angel is predominantly located within Lavenham's main market square. Originally a 15th Century timber-framed and plastered building with cross wings at the north-west and south-east ends, the north-west cross wing now forms part of the property Nos 16 and 17. Tiled roof. Two storeys. A wing extends to the north-east with part of the upper storey jettied at the north-east end. The interior has features including a 16th Century plaster ceiling on the upper storey and earlier wall paintings. The interior has been stripped and requires refitting. Trading areas consist of an open plan main trade area, with a central ‘horseshoe’ servery, large inglenook (wood burner) fireplace. The area could accommodate up to approximately 60 seated customers when fitted out. There is immediate access to the trade kitchen, with prep area leading to the back yard area and garden. Reception room just off main bar, with small office space. Side door access to ladies and gents WC and staircase leading to 1st floor letting rooms. No.7 letting room is located on the ground floor immediately next door to the property, with access from Prentice Street consisting of 1 double bedroom and en-suite bathroom. 1st Floor consists of 8 en-suite letting rooms, with a separate breakfast/function room. Fire escape leading down to main yard. External area consists of a large garden space laid to grass, with several store sheds, as well as an outside wooden bar. The area could comfortably sit approximately 60 customers. There is also a further outbuilding in the main yard that has previously been utilised as a 2nd kitchen area, with full extraction still in situ.