The Albion, 12 Crib Street, WARE, SG12 9EX

PUB FOR SALE

OIRO £375,000 + VAT

Summary

  • Character Grade II Listed property
  • Conservation area setting surrounded by character properties
  • Pub including disused building
  • 0.04 acre site
  • 1,348 sq ft + disused building
  • Garden to rear
  • Suitable for continued pub use
  • Residential conversion potential (STP)
  • Open viewing 25 March 2021, 11.00am
  • Closing date for offers 31 March 2021
  • OIRO £375,000 + VAT

Location

The historic town of Ware has a resident population of 18,800 and is situated 2 miles north east of the county town of Hertford, just off the A10.

The Albion is a traditional backstreet pub situated on the edge of the town centre in a primarily residential area, surrounded by character properties.

Property

Timber framed Grade II Listed property dating from the 15th century. Single bar with kitchen and private accommodation above plus yard to the rear providing the following:

  • Ground Floor Single bar featuring exposed beams and open fireplace, store room, trade kitchen and WC’s
  • First Floor 3 rooms and bathroom
  • Basement Beer cellar
  • External Garden and yard to rear

From digital mapping we estimate that the property provides the following approximate areas:

  • Ground Floor Bar                 422 sq ft        39 sq m
  • Ground Floor Ancillary        275 sq ft        25 sq m
  • Basement                              198 sq ft        18 sq m
  • First Floor                              453 sq ft        42 sq m
  • Total Built Area                 1,348 sq ft     124 sq m
  • Total Site Area                     0.04 acre     161 sq m

It should be noted that the ownership includes the disused part of the building, with boarded windows, to the left hand side of the pub.

Conversion Potential

In our view there is excellent potential to convert the existing pub and disused building to one or two dwellings, subject to planning.

Terms

We are instructed to invite offers in the region of £375,000 for the benefit of our client’s freehold interest with vacant possession.

VAT will be charged, where applicable, at the prevailing rate.

All F&F owned by the Vendor at the property on the day of Completion are included in the sale but no safety tests or inventory will be provided.

Any items owned by third parties e.g. Beer Raising Equipment are specifically excluded from the sale.

Viewing

Viewing by appointment only from 11.00am on 25 March 2021 due to Covid restrictions. For further information contact Drake & Company.

Rating Assessment

We have been verbally advised by the local rating authority that the rateable value is £8,800, which is below the threshold, and rates are not payable. Interested parties are advised to verify this figure with East Hertfordshire District Council on 01279 655261.

Energy Performance Certificate

A copy of the EPC is available on request and the property is rated ‘E107’.

Legal Costs

Each party is to be responsible for their own legal costs incurred in the transaction.

Virtual Viewing

Closing date

Our client has set a closing date for offers of 31 March 2021

For further information contact sole agents - 020 7495 7500