free of tie pub lease, stoke newington
CHARTERED SURVEYORS • LICENSED LEISURE SPECIALISTS
FREE OF TIE PUB LEASE, STOKE NEWINGTON
SCENARIO 97 STOKE NEWINGTON ROAD LONDON N16 8BX •
Imposing corner sited property
•
Situated between Dalston and Stoke Newington
•
Licensed until 01:30 am Friday and Saturday
•
Passing rent £72,000 per annum
•
Eight studio flats in the upper floors (self-contained)
25 YEAR LEASE EXPIRING 2031 GUIDE PRICE £350,000 LonL225
LOCATION The property is situated on Stoke Newington Road (A10) at its junction with Palatine Road. The immediate area comprises a mixture of commercial uses interspersed with residential accommodation. Nearby operators include Ruby’s, Birthdays, Nandos and Voodoo Ray’s. Stoke Newington Railway Station is approximately 1,200 metres to the north and Dalston Kingsland Railway Station (London Overground line) is circa 800 metres south. A location plan is attached. DESCRIPTION An imposing three storey corner sited property built over basement. The accommodation can be summarised as follows: Ground Floor-
Open plan trade area with servery and customer WC’s.
First Floor-
Self-contained. Four studio flats.
Second Floor-
Self-contained. Four studio flats.
Basement-
Former trade area with servery and customer WC’s. Beer cellar and general storage.
From ProMap measurements it has been calculated that the building footprint is approximately 145 sq m (1,567 sq ft). NB: The above ProMap measurement is provided for guidance purposes only and no reliance should be placed on this when making any purchase offer either expressly or impliedly and for the avoidance of doubt AG&G Chartered Surveyors will be not liable for any losses arising as a result the bidder placing any reliance on such measurements. The successful bidder will be offered the opportunity to undertake a measured survey of the building prior to exchange of contracts to enable it to satisfy itself of the precise measurements.
SERVICES We are advised that the property is connected to all mains services. LICENSING From enquiry of the London Borough of Hackney it is understood that the property has a Premises Licence permitting the sale of alcohol from 11:00 am until 11:30 pm Sunday to Thursday and until 01:30 am Friday and Saturday. RATING ASSESSMENT The property is listed as Public House and Premises and has a Rateable Value of £8,400 effective from April 2010. TENURE The property is held under the terms of a 25 year lease expiring September 2031. We understand that the rent payable is £72,000 per annum. The lease is free of tie. The next rent review is 24th June 2016. A copy of the lease is available upon request. VIEWING & BASIS OF SALE The staff and management are unaware of the intended disposal and therefore it is requested you respect the Vendor’s wish to keep the matter confidential. The sale must not be discussed with any staff or customers.
The leasehold interest in the property is to be sold as a fully fitted and equipped going concern with consumable stock and glassware to be purchased in addition on the day of transfer. The guide price is £350,000 (Subject to Contract). Discreet viewing on a customer basis is encouraged initially. For further information and full inspection please speak to Michael Penfold at AG&G on 020 7836 7826 or [email protected]
AWAITING COPY OF EPC
FREE OF TIE PUB LEASE, STOKE NEWINGTON
SCENARIO 97 STOKE NEWINGTON ROAD LONDON N16 8BX •
Imposing corner sited property
•
Situated between Dalston and Stoke Newington
•
Licensed until 01:30 am Friday and Saturday
•
Passing rent £72,000 per annum
•
Eight studio flats in the upper floors (self-contained)
25 YEAR LEASE EXPIRING 2031 GUIDE PRICE £350,000 LonL225
LOCATION The property is situated on Stoke Newington Road (A10) at its junction with Palatine Road. The immediate area comprises a mixture of commercial uses interspersed with residential accommodation. Nearby operators include Ruby’s, Birthdays, Nandos and Voodoo Ray’s. Stoke Newington Railway Station is approximately 1,200 metres to the north and Dalston Kingsland Railway Station (London Overground line) is circa 800 metres south. A location plan is attached. DESCRIPTION An imposing three storey corner sited property built over basement. The accommodation can be summarised as follows: Ground Floor-
Open plan trade area with servery and customer WC’s.
First Floor-
Self-contained. Four studio flats.
Second Floor-
Self-contained. Four studio flats.
Basement-
Former trade area with servery and customer WC’s. Beer cellar and general storage.
From ProMap measurements it has been calculated that the building footprint is approximately 145 sq m (1,567 sq ft). NB: The above ProMap measurement is provided for guidance purposes only and no reliance should be placed on this when making any purchase offer either expressly or impliedly and for the avoidance of doubt AG&G Chartered Surveyors will be not liable for any losses arising as a result the bidder placing any reliance on such measurements. The successful bidder will be offered the opportunity to undertake a measured survey of the building prior to exchange of contracts to enable it to satisfy itself of the precise measurements.
SERVICES We are advised that the property is connected to all mains services. LICENSING From enquiry of the London Borough of Hackney it is understood that the property has a Premises Licence permitting the sale of alcohol from 11:00 am until 11:30 pm Sunday to Thursday and until 01:30 am Friday and Saturday. RATING ASSESSMENT The property is listed as Public House and Premises and has a Rateable Value of £8,400 effective from April 2010. TENURE The property is held under the terms of a 25 year lease expiring September 2031. We understand that the rent payable is £72,000 per annum. The lease is free of tie. The next rent review is 24th June 2016. A copy of the lease is available upon request. VIEWING & BASIS OF SALE The staff and management are unaware of the intended disposal and therefore it is requested you respect the Vendor’s wish to keep the matter confidential. The sale must not be discussed with any staff or customers.
The leasehold interest in the property is to be sold as a fully fitted and equipped going concern with consumable stock and glassware to be purchased in addition on the day of transfer. The guide price is £350,000 (Subject to Contract). Discreet viewing on a customer basis is encouraged initially. For further information and full inspection please speak to Michael Penfold at AG&G on 020 7836 7826 or [email protected]
AWAITING COPY OF EPC
