Licensed Leisure The Smokehouse 12 Sutton Lane North, Chiswick, London, W4 4LD Leasehold Premium Reduction - £150,000
Well presented dining pub in affluent west London suburb
Critically acclaimed smokehouse and a la carte food business
3-section ground floor trading area (90)
Includes fully refurbished 4-bed private accommodation
Features include open fires and landscaped beer garden (140) Savills 33 Margaret Street London W1G 0JD
+44 (0) 7807 999 504 savills.co.uk
Net annual turnover in region of £800,000
Location The property is located in the south-west London suburb of Chiswick in a prominent position on Sutton Lane North approximately 0.2 mile (350 metres) south of Turnham Green and Chiswick High Road. The immediate area is mainly residential with the exception of the adjacent West 4 Gym and studio and nearby Porsche centre. Gunnersbury Underground/Overground station is located 0.5 miles (750 metres) to the north-west. The area is under the administration of the London Borough of Hounslow.
Property Description A detached property of brick construction over mainly two floors from street level under a multi-pitched slate tile and part flat roof.
Internal Description The main trading area is located at ground floor level and is split in to three distinct sections with a variety of table and soft seating arrangements (around 90 covers). Features include three open fires, painted wood panel walls and wooden floors. The trade kitchen is located behind the bar with an open pass to the restaurant. Internal ancillary space includes ladies, gents and accessible WCs, basement cold room and storage. Externally an outbuilding has been converted for food preparation and walk-fridge/freezer use. Private accommodation benefits from direct access to the rear service yard and is arranged over the first floor and includes four bedrooms (one en-suite), open plan kitchen-diner, office-lounge, dining room, bathroom and WC. We understand the Gross Internal Areas to be as follows: Ground floor
240 sqm
2,583 sq ft
First floor
165 sqm
1,776 sq ft
Total
405 sqm
4,359 sq ft
External Description The property benefits from a good sized enclosed landscaped beer garden to the rear. Customer seating is arranged on the heated patio (42) and on the grassed area (98). Features include external bar.
The Business The Smokehouse is an acclaimed food house specialising in authentic smoked and grilled meats in addition to an a la carte and weekend menu. We can indicate that net annual sales are in the region of £800,000 with sales split roughly 40% wet and 60% dry. Further information may be made available to seriously interested parties after a confirmed customer viewing. The Purchaser will not be permitted to trade as The Smokehouse. For more information on the business please visit www. smokehousechiswick.co.uk.
Tenure We understand the premises are held on the remainder of a 21 year lease from Enterprise Inns commencing 24th May 2002 (expiring in May 2023) and is renewable within the 1954 Landlord and Tenant Act (Part II). We understand the current rent is £71,537 per annum exclusive plus a £3,328 tie and £1,290 release fee for packaged beer and cider respectively. The pub is tied on draft beers, ales and ciders and free of tie on wines, spirits and minerals. We understand that rent reviews are every five years for the next in May 2017. We understand the Enterprise Inns head lease is for a term of 35 years from 19th July 2010.
Premium The Vendor is seeking reduced premium of £150,000 for the benefit of the lease, goodwill and fixtures and fittings.
Floorplan: for indicative purposes only (not to scale)
Planning We have made enquiries of the Local Authority and understand the property currently benefits from Class A4 use and is not listed but is located in the Wellesley Road Conservation Area.
Licensing Hours The property has been granted a Premises Licence in accordance with the Licensing Act 2003. We understand that the premises is permitted to sell alcohol: Monday-Saturday 10:00-23:00 and Sunday 12:00-22:30.
NOTE:- Reproduced from the Ordnance Survey Map with the permission of the Controller of H.M. Stationery Office. © Crown copyright licence number 100022432 Savills (UK) Ltd. NOTE:- Published for the purposes of identification only and although believed to be correct accuracy is not guaranteed.
Opening Hours Bar Monday-Friday 17:00 – 23:00, Saturday 12:00-23:00, Sunday & Bank Holidays 12:00 – 22:30. Kitchen Monday–Friday 18:00 – 22:00, Saturday 12:00 – 16:00 and 18:00 – 22:00, Sunday & Bank Holidays 12:00 – 21:00.
Rating The subject property is entered in the 2010 Rating List with a Rateable Value of £50,000 and is listed on the 2017 Draft Valuation of £45,250. The National Multiplier for England and Wales for small businesses in 2016/17 is £0.497.
Fixtures and Fittings All fixtures and fittings that are owned outright by the business are included in the sale.
Energy Performance Certificate A D-91 Rating has been calculated. (For the purposes of the EPC, we understand the total usable floor area is 490 sq m / 5,274 sq ft).
Viewing For a formal viewing, strictly by appointment with Savills. Staff are not aware of the sale so please be discreet if visiting as a customer.
Contact Chris Bickle
[email protected] +44 (0) 7807 999 504 Important Notice Savills, their clients and any joint agents give notice that: 1. They are not authorised to make or give any representations or warranties in relation to the property either here or elsewhere, either on their own behalf or on behalf of their client or otherwise. They assume no responsibility for any statement that may be made in these particulars. These particulars do not form part of any offer or contract and must not be relied upon as statements or representations of fact. 2. Any areas, measurements or distances are approximate. The text, photographs and plans are for guidance only and are not necessarily comprehensive. It should not be assumed that the property has all necessary planning, building regulation or other consents and Savills have not tested any services, equipment or facilities. Purchasers must satisfy themselves by inspection or otherwise. Designed and Produced by Savills Marketing: 020 7499 8644 | January 2017