Licensed Leisure The Great Eastern - Realla
Licensed Leisure The Great Eastern 1 Glenaffric Avenue, London, E14 3BW Leasehold Premium Offers Invited
60 bed hostel with public house at ground and basement Densely populated residential area Recently refurbished throughout
Enclosed beer garden to rear Planning permission for 30 additional beds Good public transport communications via the DLR
Savills 33 Margaret Street London W1G 0JD
Savills 2 Charlotte Place Southampton SO14 0TB
+44 (0) 20 7299 3088
+44 (0) 23 8071 3943
savills.co.uk
Location
Internal Description
The property is located in the London Borough of Tower Hamlets, east London, 1.1 kilometres (0.7 miles) north of Greenwich and 2.8 kilometres (1.8 miles) south of Canary Wharf.
The ground floor trading area comprises a traditional wooden bar servery with seating on a mix of chairs, low level stools and sofas for 30 customers adjacent to the bar servery. There are an additional 6 bar stools. Adjacent to the bar servery is a function room with a capacity of 150 people and seating on a mix of tables, chairs and sofas.
The Great Eastern is situated in a predominantly residential neighbourhood a short distance east of Millwall Park and north of Island Gardens at the intersection between Glenaffric Avenue and Saunders Ness Road. There is access to Greenwich and the O2 Arena via the Greenwich Foot Tunnel 500 metres to the south west of the property. Public transport communications are good with Dockland Light Railway services available from Island Gardens 300 metres to the north west of the subject property.
To the rear of the ground floor is a store room and ladies and gentlemen’s toilets. The trade kitchen is situated behind the bar servery and comprises none slip surfaces, commercial extract and stainless steel appliances. We have measured the property on a gross internal basis and summarise below: Sq m
Sq ft
Property Description
Description Ground
260.58
2,805
A traditional public house that comprises a three storey (above basement) detached property of tiled brick elevations at ground floor level and rendered brick elevations at upper floor levels beneath a flat roof. There is a single storey function room to the rear of the property. Fenestration in single glazed wooden framed.
First
113.53
1,222
Second
108.35
1,166
Basement
116.46
1,254
External
62.62
674
Total
661.54
7,121
The full height basement cellar is accessed from an internal staircase and comprises managers office, thermostatically controlled cellar, boiler room and a number of storage rooms.
NOTE:- Reproduced from the Ordnance Survey Map with the permission of the Controller of H.M. Stationery Office. © Crown copyright licence number 100024244 Savills (UK) Ltd. NOTE:- Published for the purposes of identification only and although believed to be correct accuracy is not guaranteed.
Accommodation The first and second floor levels are accessed via an internal staircase and are laid out to provide hostel accommodation for 60 persons. The first floor comprises a bathroom with two toilets and three showers and a number of hostels rooms. The second floor comprises a communal toilet and a number of hostel rooms.
External Description To the rear of the property is an enclosed beer garden with seating on wooden benches for 42 customers.
The Business The Great Eastern was established in 2011 and is currently operated by an established multiple site operator as a pub with 60 hostel beds. Opening hours are 07:00 – 23:00 Monday to Saturday and 07:00 – 22:30 on Sundays. Food is served daily. An indication of trade is available upon request.
Tenure The property is held on a lease expiring February 2021 at a passing rent of
£54,232.29 per annum. The lease is tied for draft and packaged beer, ale and cider. A rent deposit of £10,124.39 is held by the landlord. The lease is subject to annual RPI indexation.
Premium Offers invited for the leasehold interest.
Fixtures and Fittings Fixtures and fittings that are owned outright by the business are included in the sale.
Energy Performance Certificate An E-111 Rating has been calculated.
Planning We understand the property currently benefits from Class A4 use. The property is Grade II Listed and is situated within the Island Gardens Conservation Area.
Licensing The property has been granted a Premises Licence in accordance with the Licensing Act 2003. We understand that the pub is permitted to sell alcohol Monday to Saturday 11:00 – 23:00 and Sunday 12:00 – 22:30.
Rating
Viewing
The subject property is entered in the 2010 Rating List with a Rateable Value of £25,750. The National Multiplier for England and Wales in 2016/17 is £0.497.
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 Stuart Stares +44 (0) 20 7299 3088 [email protected]
Chris Bickle +44 (0) 7807 999 504 [email protected]
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 | September 2016
60 bed hostel with public house at ground and basement Densely populated residential area Recently refurbished throughout
Enclosed beer garden to rear Planning permission for 30 additional beds Good public transport communications via the DLR
Savills 33 Margaret Street London W1G 0JD
Savills 2 Charlotte Place Southampton SO14 0TB
+44 (0) 20 7299 3088
+44 (0) 23 8071 3943
savills.co.uk
Location
Internal Description
The property is located in the London Borough of Tower Hamlets, east London, 1.1 kilometres (0.7 miles) north of Greenwich and 2.8 kilometres (1.8 miles) south of Canary Wharf.
The ground floor trading area comprises a traditional wooden bar servery with seating on a mix of chairs, low level stools and sofas for 30 customers adjacent to the bar servery. There are an additional 6 bar stools. Adjacent to the bar servery is a function room with a capacity of 150 people and seating on a mix of tables, chairs and sofas.
The Great Eastern is situated in a predominantly residential neighbourhood a short distance east of Millwall Park and north of Island Gardens at the intersection between Glenaffric Avenue and Saunders Ness Road. There is access to Greenwich and the O2 Arena via the Greenwich Foot Tunnel 500 metres to the south west of the property. Public transport communications are good with Dockland Light Railway services available from Island Gardens 300 metres to the north west of the subject property.
To the rear of the ground floor is a store room and ladies and gentlemen’s toilets. The trade kitchen is situated behind the bar servery and comprises none slip surfaces, commercial extract and stainless steel appliances. We have measured the property on a gross internal basis and summarise below: Sq m
Sq ft
Property Description
Description Ground
260.58
2,805
A traditional public house that comprises a three storey (above basement) detached property of tiled brick elevations at ground floor level and rendered brick elevations at upper floor levels beneath a flat roof. There is a single storey function room to the rear of the property. Fenestration in single glazed wooden framed.
First
113.53
1,222
Second
108.35
1,166
Basement
116.46
1,254
External
62.62
674
Total
661.54
7,121
The full height basement cellar is accessed from an internal staircase and comprises managers office, thermostatically controlled cellar, boiler room and a number of storage rooms.
NOTE:- Reproduced from the Ordnance Survey Map with the permission of the Controller of H.M. Stationery Office. © Crown copyright licence number 100024244 Savills (UK) Ltd. NOTE:- Published for the purposes of identification only and although believed to be correct accuracy is not guaranteed.
Accommodation The first and second floor levels are accessed via an internal staircase and are laid out to provide hostel accommodation for 60 persons. The first floor comprises a bathroom with two toilets and three showers and a number of hostels rooms. The second floor comprises a communal toilet and a number of hostel rooms.
External Description To the rear of the property is an enclosed beer garden with seating on wooden benches for 42 customers.
The Business The Great Eastern was established in 2011 and is currently operated by an established multiple site operator as a pub with 60 hostel beds. Opening hours are 07:00 – 23:00 Monday to Saturday and 07:00 – 22:30 on Sundays. Food is served daily. An indication of trade is available upon request.
Tenure The property is held on a lease expiring February 2021 at a passing rent of
£54,232.29 per annum. The lease is tied for draft and packaged beer, ale and cider. A rent deposit of £10,124.39 is held by the landlord. The lease is subject to annual RPI indexation.
Premium Offers invited for the leasehold interest.
Fixtures and Fittings Fixtures and fittings that are owned outright by the business are included in the sale.
Energy Performance Certificate An E-111 Rating has been calculated.
Planning We understand the property currently benefits from Class A4 use. The property is Grade II Listed and is situated within the Island Gardens Conservation Area.
Licensing The property has been granted a Premises Licence in accordance with the Licensing Act 2003. We understand that the pub is permitted to sell alcohol Monday to Saturday 11:00 – 23:00 and Sunday 12:00 – 22:30.
Rating
Viewing
The subject property is entered in the 2010 Rating List with a Rateable Value of £25,750. The National Multiplier for England and Wales in 2016/17 is £0.497.
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 Stuart Stares +44 (0) 20 7299 3088 [email protected]
Chris Bickle +44 (0) 7807 999 504 [email protected]
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 | September 2016
