The Old Bell Hotel, Pines Hill, Stansted Mountfitchet, Essex CM24 8EY

FOR SALE Approx. 0.74 Acres

UNIQUE HOTEL / RESTAURANT / INVESTMENT

www.cokegearing.co.uk

▪ Affluent commuter town location with mainline train station

and Stansted Airport in close proximity

▪ Excellent Value Add Opportunity

▪ Attractive Freehold properties with ample parking

▪ 29 x 1 and 2 Bed Suites with potential to create a minimum

of 12 more

▪ Potential Residential Development Site (STP)

▪ Excellent occupancy levels – regularly at 100% occupation

▪ Total average net income of c.£17,750 per calendar month

The Old Bell Hotel, Pines Hill, Stansted Mountfitchet, Essex CM24 8EY

Location:The property is situated in the attractive and affluent Essex commuter town ofStansted Mountfitchet (population circa 6,000). The property is situated onPines Hill (B1383), which is the main road which runs south to Bishop’sStortford (population 45,000) and north to Saffron Walden and Cambridgebeyond.

Stansted Airport is only a 10-minute drive from both Stansted Mountfitchetand Bishop’s Stortford.

Stansted Mountfitchet is popular with local residents and commuters toLondon with a mainline train station running regular services to LondonLiverpool Street (40 mins) and also Stansted Airport (5 mins) which also makesthe location popular with Stansted Airport employees.

EPC: TO BE CONFIRMED – has been commissioned.

Description:An imposing character restaurant/pub with separate hotel accommodationoffering 27 Hotel letting suites and two Management Apartments, all withextensive parking availability.

Planning permission was granted for an additional 16 en-suite rooms inFebruary 2010, four of which have already been built. Further detail availableupon request. This is a significant value add opportunity either as it is currentlyused or as a residential conversion (STP) and development, whilst also retainingthe whole restaurant and pub premises.

The premises enjoy a high retention rate and historically very low void period.

As a freehold property there are no ground rents. The owner is responsible forand in control of the entire property.

There are 5 large studios, 1 smaller studio, 3 two-bed suites and 18 one-bedsuites. In addition to two management flats: 1 one-bed and 1 two-bed.

All the suites are furnished and will remain so as part of the investment sale.

According to the OS mapping system the hotel buildings have a footprint of4,929 sq ft although to reflect the two-storey nature of the accommodationthis would equate to 9,858 sq ft approximate gross external area. Therestaurant premises measures approximately 4,000 sqft GEA on ground floor.

Please speak to the Agent for further important detailed information regardingthe site.

Disclaimer: Coke Gearing Consulting for themselves and for the vendors or lessors of this property for whom they act, give notice that: 1) these particulars are a general outline only, for the guidance of prospective purchasers or tenants, and do not constitute the whole or any part of an offer or contract. 2) CokeGearing Consulting cannot guarantee the accuracy of any description, dimensions, references to condition, necessary permissions for use and occupation and other details contained herein and prospective purchasers or tenants must not rely on them as statements of fact or representation and must satisfythemselves as to their accuracy. 3) Rents quoted in these particulars maybe subject to VAT addition. 4) Coke Gearing Consulting will not be liable in negligence or otherwise for any loss arising from the use of these particulars and 5) the reference to any plant, machinery, equipment, services, fixtures or fittingsat the property shall not constitute a representation (unless otherwise stated) as to its state or condition or that it is capable of fulfilling its intended function. Prospective purchasers/ tenants should satisfy themselves as to the fitness of such items for their requirements. 6) No employee of Coke GearingConsulting has any authority to make or give any representation of warranty or enter into any contract whatever in relation to the property. SUBJECT TO CONTRACT. November 2020

The Old Bell Hotel, Pines Hill, Stansted Mountfitchet, Essex CM24 8EY

Disclaimer: Coke Gearing Consulting for themselves and for the vendors or lessors of this property for whom they act, give notice that: 1) these particulars are a general outline only, for the guidance of prospective purchasers or tenants, and do not constitute the whole or any part of an offer or contract. 2) CokeGearing Consulting cannot guarantee the accuracy of any description, dimensions, references to condition, necessary permissions for use and occupation and other details contained herein and prospective purchasers or tenants must not rely on them as statements of fact or representation and must satisfythemselves as to their accuracy. 3) Rents quoted in these particulars maybe subject to VAT addition. 4) Coke Gearing Consulting will not be liable in negligence or otherwise for any loss arising from the use of these particulars and 5) the reference to any plant, machinery, equipment, services, fixtures or fittingsat the property shall not constitute a representation (unless otherwise stated) as to its state or condition or that it is capable of fulfilling its intended function. Prospective purchasers/ tenants should satisfy themselves as to the fitness of such items for their requirements. 6) No employee of Coke GearingConsulting has any authority to make or give any representation of warranty or enter into any contract whatever in relation to the property. SUBJECT TO CONTRACT. November 2020

Accommodation:27 of the Suites shown as below with the other two suites above the restaurant, current rents also stated per suite as below:

The Old Bell Hotel, Pines Hill, Stansted Mountfitchet, Essex CM24 8EY

Disclaimer: Coke Gearing Consulting for themselves and for the vendors or lessors of this property for whom they act, give notice that: 1) these particulars are a general outline only, for the guidance of prospective purchasers or tenants, and do not constitute the whole or any part of an offer or contract. 2) CokeGearing Consulting cannot guarantee the accuracy of any description, dimensions, references to condition, necessary permissions for use and occupation and other details contained herein and prospective purchasers or tenants must not rely on them as statements of fact or representation and must satisfythemselves as to their accuracy. 3) Rents quoted in these particulars maybe subject to VAT addition. 4) Coke Gearing Consulting will not be liable in negligence or otherwise for any loss arising from the use of these particulars and 5) the reference to any plant, machinery, equipment, services, fixtures or fittingsat the property shall not constitute a representation (unless otherwise stated) as to its state or condition or that it is capable of fulfilling its intended function. Prospective purchasers/ tenants should satisfy themselves as to the fitness of such items for their requirements. 6) No employee of Coke GearingConsulting has any authority to make or give any representation of warranty or enter into any contract whatever in relation to the property. SUBJECT TO CONTRACT. November 2020

The Old Bell Hotel, Pines Hill, Stansted Mountfitchet, Essex CM24 8EY

Disclaimer: Coke Gearing Consulting for themselves and for the vendors or lessors of this property for whom they act, give notice that: 1) these particulars are a general outline only, for the guidance of prospective purchasers or tenants, and do not constitute the whole or any part of an offer or contract. 2) CokeGearing Consulting cannot guarantee the accuracy of any description, dimensions, references to condition, necessary permissions for use and occupation and other details contained herein and prospective purchasers or tenants must not rely on them as statements of fact or representation and must satisfythemselves as to their accuracy. 3) Rents quoted in these particulars maybe subject to VAT addition. 4) Coke Gearing Consulting will not be liable in negligence or otherwise for any loss arising from the use of these particulars and 5) the reference to any plant, machinery, equipment, services, fixtures or fittingsat the property shall not constitute a representation (unless otherwise stated) as to its state or condition or that it is capable of fulfilling its intended function. Prospective purchasers/ tenants should satisfy themselves as to the fitness of such items for their requirements. 6) No employee of Coke GearingConsulting has any authority to make or give any representation of warranty or enter into any contract whatever in relation to the property. SUBJECT TO CONTRACT. November 2020

Plan showing 12 New Suites ready to be developed opposite entrance to the site

The Old Bell Hotel, Pines Hill, Stansted Mountfitchet, Essex CM24 8EY

Disclaimer: Coke Gearing Consulting for themselves and for the vendors or lessors of this property for whom they act, give notice that: 1) these particulars are a general outline only, for the guidance of prospective purchasers or tenants, and do not constitute the whole or any part of an offer or contract. 2) CokeGearing Consulting cannot guarantee the accuracy of any description, dimensions, references to condition, necessary permissions for use and occupation and other details contained herein and prospective purchasers or tenants must not rely on them as statements of fact or representation and must satisfythemselves as to their accuracy. 3) Rents quoted in these particulars maybe subject to VAT addition. 4) Coke Gearing Consulting will not be liable in negligence or otherwise for any loss arising from the use of these particulars and 5) the reference to any plant, machinery, equipment, services, fixtures or fittingsat the property shall not constitute a representation (unless otherwise stated) as to its state or condition or that it is capable of fulfilling its intended function. Prospective purchasers/ tenants should satisfy themselves as to the fitness of such items for their requirements. 6) No employee of Coke GearingConsulting has any authority to make or give any representation of warranty or enter into any contract whatever in relation to the property. SUBJECT TO CONTRACT. November 2020

Disclaimer: Coke Gearing Consulting for themselves and for the vendors or lessors of this property for whom they act, give notice that: 1) these particulars are a general outline only, for the guidance of prospective purchasers or tenants, and do not constitute the whole or any part of an offer or contract. 2) CokeGearing Consulting cannot guarantee the accuracy of any description, dimensions, references to condition, necessary permissions for use and occupation and other details contained herein and prospective purchasers or tenants must not rely on them as statements of fact or representation and must satisfythemselves as to their accuracy. 3) Rents quoted in these particulars maybe subject to VAT addition. 4) Coke Gearing Consulting will not be liable in negligence or otherwise for any loss arising from the use of these particulars and 5) the reference to any plant, machinery, equipment, services, fixtures or fittingsat the property shall not constitute a representation (unless otherwise stated) as to its state or condition or that it is capable of fulfilling its intended function. Prospective purchasers/ tenants should satisfy themselves as to the fitness of such items for their requirements. 6) No employee of Coke GearingConsulting has any authority to make or give any representation of warranty or enter into any contract whatever in relation to the property. SUBJECT TO CONTRACT. November 2020

Viewings: For further information please contactCOKE GEARING CONSULTING:

Contact: Louise Campbell MRICSTel: 01279 758758/ 07837362002Email: louise@cokegearing.co.uk

The Rateable Value:1 April 2017 – present: £21,500

The current Business Rates Multipliers are:

Council Tax for the flats above the restaurant is paid for directly by the current owners of the site at approx. £170 per month.

Sale Price:

£4,000,000 (we are advised there is No VAT applicable on the purchase price)

Total Income average of £17,750 per month after deducting outgoings / £213,000 per annum* representing a net yield of 5% (assumingpurchaser’s costs of £260,000)

*Taking an average rent for the suites of £22,500 per month (even in July 2020 (during Covid-19) the rental income was £22,225 for themonth)

The rental income from the restaurant at £5,000 per month (which includes business rates, water, utilities and buildings insurance)

Total Income: £27,500 per month average gross amount / £330,000 pa

Less £9,750 per month (which has been rounded up) for all bills and other running costs

= an adjusted net rent of £17,750 per month / £213,000 per annum

The Old Bell Hotel, Pines Hill, Stansted Mountfitchet, Essex CM24 8EY

Disclaimer: Coke Gearing Consulting for themselves and for the vendors or lessors of this property for whom they act, give notice that: 1) these particulars are a general outline only, for the guidance of prospective purchasers or tenants, and do not constitute the whole or any part of an offer or contract. 2) CokeGearing Consulting cannot guarantee the accuracy of any description, dimensions, references to condition, necessary permissions for use and occupation and other details contained herein and prospective purchasers or tenants must not rely on them as statements of fact or representation and must satisfythemselves as to their accuracy. 3) Rents quoted in these particulars maybe subject to VAT addition. 4) Coke Gearing Consulting will not be liable in negligence or otherwise for any loss arising from the use of these particulars and 5) the reference to any plant, machinery, equipment, services, fixtures or fittingsat the property shall not constitute a representation (unless otherwise stated) as to its state or condition or that it is capable of fulfilling its intended function. Prospective purchasers/ tenants should satisfy themselves as to the fitness of such items for their requirements. 6) No employee of Coke GearingConsulting has any authority to make or give any representation of warranty or enter into any contract whatever in relation to the property. SUBJECT TO CONTRACT. November 2020

Viewings: For further information please contactCOKE GEARING CONSULTING:

Contact: Louise Campbell MRICSTel: 01279 758758/ 07837362002Email: louise@cokegearing.co.uk

Existing Tenancies and further information:

The restaurant income is at £5,000 per month (this sum includes business rates, water, utilities and buildings insurance)

The hotel suites are let on an all-inclusive basis by means of a Hotel Licence.

The hotel suites and restaurant have very good ratings on Booking.com and TripAdvisor.

More information available upon request via Coke Gearing Consulting Chartered Surveyors

The Old Bell Hotel, Pines Hill, Stansted Mountfitchet, Essex CM24 8EY

The Old Bell Hotel, Pines Hill, Stansted Mountfitchet, Essex CM24 8EY

Disclaimer: Coke Gearing Consulting for themselves and for the vendors or lessors of this property for whom they act, give notice that: 1) these particulars are a general outline only, for the guidance of prospective purchasers or tenants, and do not constitute the whole or any part of an offer or contract. 2) CokeGearing Consulting cannot guarantee the accuracy of any description, dimensions, references to condition, necessary permissions for use and occupation and other details contained herein and prospective purchasers or tenants must not rely on them as statements of fact or representation and must satisfythemselves as to their accuracy. 3) Rents quoted in these particulars maybe subject to VAT addition. 4) Coke Gearing Consulting will not be liable in negligence or otherwise for any loss arising from the use of these particulars and 5) the reference to any plant, machinery, equipment, services, fixtures or fittingsat the property shall not constitute a representation (unless otherwise stated) as to its state or condition or that it is capable of fulfilling its intended function. Prospective purchasers/ tenants should satisfy themselves as to the fitness of such items for their requirements. 6) No employee of Coke GearingConsulting has any authority to make or give any representation of warranty or enter into any contract whatever in relation to the property. SUBJECT TO CONTRACT. November 2020