Licensed Leisure
Licensed Leisure Waverley Arms
202 Ivydale Road, London SE15 3BU Public House - Premium £150,000
Attractive Victorian pub in sought after residential area Ground floor bar (75) and terraces (70) Popular independent venue 60/40 drink/food sales split Well-presented five bedroom accommodation May suit start-up or established pub operators Savills 33 Margaret Street London W1G 0JD
+44 (0) 20 7299 3088 savills.co.uk
Location
Internal Description
The subject property is located in the south London suburb of Nunhead which is 5.5 miles (9 kms) south-east of Central London. Surrounding the area are Brockley, Crofton Park, Honor Oak and Peckham Rye. The pub occupies a prominent location on the corner of Limesford Road at the south-east corner of Nunhead Cemetery and within a predominantly densely populated residential area.
Customer trade areas are located on the ground floor with a public bar with central servery located to the front and a separate section located to the rear which benefits from a roof lantern above. Features include wood flooring, prominent central servery and wood burning fireplaces. Ancillary accommodation includes ladies’ and gent’s WC’s. A trade kitchen is located to the rear.
The area is served by mainline train stations located at Brockley and Nunhead; the latter located approximately 750 metres to the north. Both stations provide direct connections to London Victoria and Blackfriars within 20 minutes. The area is administered by the London Borough of Southwark.
We understand the approximate ground floor Gross Internal Area (GIA) is 202 sq m (2,174 sq ft).
Property Description An end-terrace public house constructed over basement, ground and two upper floors of mainly brick construction with a single storey flat roof extension to the rear.
Accommodation At first floor level is a bedroom, reception, private kitchen, bathroom and WC. Ancillary space includes office and store room. At second floor level there are four bedrooms and access is provided internally.
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.
External Description
Planning
Two customer areas are provided. Located to the rear is an enclosed beer garden with seating for approximately 30 customers. To the front is a beer terrace providing seating for a further 30 customers.
We understand the property currently benefits from Class A4 use and is not listed nor is located in a conservation area.
The Business The Waverley Arms that has existed within the community for over 100 years. The current trading styles and character are a blend of a modern local within a distinct traditional feel. Sales are split approximately 60% drink and 40% food; the food menu includes burgers and ribs with classic Sunday roasts. An indication of trade levels will be provided but not warranted. For more information on the business, please visit www.waverleyarms.com
Tenure Leasehold. We understand the premises are held on the remainder of an initial 10 year lease from 3 March 2011; a new 10 year reversionary lease is granted from 3 March 2021. We understand the current passing rent is £37,656 per annum exclusive. The next rent review is on expiry. The rent commencing 3 March 2021 will be £40,400 per annum exclusive. The lease is tied on draught and bottled beers, ales and ciders with price discount and “free of tie” incentives available. Interested parties will be required to provide suitable security under the terms of the lease.
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 Thursday 11:00 00:00, Friday and Saturday 11:00 – 01:00 and Sunday 12:0023:30. Opening hours may vary; please check if conducting a discreet customer visit. Full licensing details are available on the Southwark website: www.southwark.gov.uk/licensing
Rating The subject property is entered in the 2017 Rating List with a Rateable Value of £11,500. The national multiplier for England and Wales for 2017/2018 is £0.479.
Energy Performance Certificate A copy of the EPC Certificate is available upon request. A D-(78) Rating has been calculated. The EPC states the total useful floor area is 311 sq m (3,347 sq ft).
Viewing For a formal viewing, strictly by appointment with Savills. Please do not make direct contact with the business. Your discretion is appreciated if visiting as a customer.
Premium The Vendor is seeking £150,000 for their leasehold interest inclusive of goodwill and fixtures and fittings (inventory to be provided). Stock at valuation will be purchased in addition on completion.
Contact Chris Bickle +44 (0) 23 8071 3900 [email protected]
Ellie Kilford + 44 (0) 2078 774 666 [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 | April 2018
202 Ivydale Road, London SE15 3BU Public House - Premium £150,000
Attractive Victorian pub in sought after residential area Ground floor bar (75) and terraces (70) Popular independent venue 60/40 drink/food sales split Well-presented five bedroom accommodation May suit start-up or established pub operators Savills 33 Margaret Street London W1G 0JD
+44 (0) 20 7299 3088 savills.co.uk
Location
Internal Description
The subject property is located in the south London suburb of Nunhead which is 5.5 miles (9 kms) south-east of Central London. Surrounding the area are Brockley, Crofton Park, Honor Oak and Peckham Rye. The pub occupies a prominent location on the corner of Limesford Road at the south-east corner of Nunhead Cemetery and within a predominantly densely populated residential area.
Customer trade areas are located on the ground floor with a public bar with central servery located to the front and a separate section located to the rear which benefits from a roof lantern above. Features include wood flooring, prominent central servery and wood burning fireplaces. Ancillary accommodation includes ladies’ and gent’s WC’s. A trade kitchen is located to the rear.
The area is served by mainline train stations located at Brockley and Nunhead; the latter located approximately 750 metres to the north. Both stations provide direct connections to London Victoria and Blackfriars within 20 minutes. The area is administered by the London Borough of Southwark.
We understand the approximate ground floor Gross Internal Area (GIA) is 202 sq m (2,174 sq ft).
Property Description An end-terrace public house constructed over basement, ground and two upper floors of mainly brick construction with a single storey flat roof extension to the rear.
Accommodation At first floor level is a bedroom, reception, private kitchen, bathroom and WC. Ancillary space includes office and store room. At second floor level there are four bedrooms and access is provided internally.
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.
External Description
Planning
Two customer areas are provided. Located to the rear is an enclosed beer garden with seating for approximately 30 customers. To the front is a beer terrace providing seating for a further 30 customers.
We understand the property currently benefits from Class A4 use and is not listed nor is located in a conservation area.
The Business The Waverley Arms that has existed within the community for over 100 years. The current trading styles and character are a blend of a modern local within a distinct traditional feel. Sales are split approximately 60% drink and 40% food; the food menu includes burgers and ribs with classic Sunday roasts. An indication of trade levels will be provided but not warranted. For more information on the business, please visit www.waverleyarms.com
Tenure Leasehold. We understand the premises are held on the remainder of an initial 10 year lease from 3 March 2011; a new 10 year reversionary lease is granted from 3 March 2021. We understand the current passing rent is £37,656 per annum exclusive. The next rent review is on expiry. The rent commencing 3 March 2021 will be £40,400 per annum exclusive. The lease is tied on draught and bottled beers, ales and ciders with price discount and “free of tie” incentives available. Interested parties will be required to provide suitable security under the terms of the lease.
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 Thursday 11:00 00:00, Friday and Saturday 11:00 – 01:00 and Sunday 12:0023:30. Opening hours may vary; please check if conducting a discreet customer visit. Full licensing details are available on the Southwark website: www.southwark.gov.uk/licensing
Rating The subject property is entered in the 2017 Rating List with a Rateable Value of £11,500. The national multiplier for England and Wales for 2017/2018 is £0.479.
Energy Performance Certificate A copy of the EPC Certificate is available upon request. A D-(78) Rating has been calculated. The EPC states the total useful floor area is 311 sq m (3,347 sq ft).
Viewing For a formal viewing, strictly by appointment with Savills. Please do not make direct contact with the business. Your discretion is appreciated if visiting as a customer.
Premium The Vendor is seeking £150,000 for their leasehold interest inclusive of goodwill and fixtures and fittings (inventory to be provided). Stock at valuation will be purchased in addition on completion.
Contact Chris Bickle +44 (0) 23 8071 3900 [email protected]
Ellie Kilford + 44 (0) 2078 774 666 [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 | April 2018
