Description
The Papermakers Arms is a three storey detached property of brick construction beneath a pitched tiled roof with extensions to the rear. The property sits on a plot extending to 0.048 acres.

Tenure
Freehold (Title Number EGL305588) as outlined in red on the above Promap. The area outlined in blue is not within our client’s freehold ownership however, it has been used by the pub as an external trade terrace for a number of years.

Virtual Tour
https://vt.ehouse.co.uk/BwwBvskFdv9

Premises Licence
The property has the benefit of a Premises Licence in accordance with the Licensing Act 2003. The premises are permitted to sell alcohol under the following hours:
Sunday - Thursday: 10:00 - 00:00
Friday - Saturday: 10:00 - 01:00

Proposed Development
A planning application has been submitted and is currently under assessment for a residential-led mixed-use development scheme on the adjoining 4.6-acre parcel of land currently occupied by Sainsbury's. The proposed development comprises 860 residential dwellings which includes student accommodation, flexible commercial space, retail space and a central green public space. The Papermakers Arms is located on the corner of the proposed site fronting Roden Street and Riverdene Road.

Further information is available on the Redbridge Council Website (Planning Application number 2327/22).

Rateable Value
2023 - £9,800

Fixtures and Fittings
Trade fixtures and fittings may be available by way of separate negotiation.

EPC
C-74

Planning
The building is Locally Listed but not situated within a conservation area. The property is located within Flood Zone 1 (Lowest Risk).

Terms
Offers in excess of £750,000, plus VAT, are invited for our clients freehold interest with vacant possession.

Viewings
All viewings must be arranged strictly by appointment with the sole selling agent Savills.

Money Laundering
Money Laundering Regulations require Savills to conduct checks upon all purchasers. Prospective purchaser will need to provide proof of identity and residence.