The Snooty Fox 75 Grosvenor Road, Highbury London N5 2NN

The Snooty Fox
75 Grosvenor Road, Highbury
London
N5 2NN

Freehold Public House Investment

Six Week Completion Available
Fashionable Central London location
Less than 1 mile from Arsenal’s Emirates Stadium
2 miles north of City of London
Let to Enterprise Inns plc until 2045 (subject to option)
5 yearly rent reviews

Lot
22
Auction
21st October 2010
Rent
£55,000 per Annum Exclusive
Status
Sold
Price
£800,000
Auction Venue
Millennium Hotel
39-44 Grosvenor Square
Mayfair
London W1K 2HP

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Freehold Public House Investment

Six Week Completion Available
Fashionable Central London location
Less than 1 mile from Arsenal’s Emirates Stadium
2 miles north of City of London
Let to Enterprise Inns plc until 2045 (subject to option)
5 yearly rent reviews

Lot 22
Auction 21st October 2010
Rent £55,000 per Annum Exclusive
Status Sold
Price £800,000
Sector
Leisure
Auction Venue
Millennium Hotel
39-44 Grosvenor Square
Mayfair
London W1K 2HP

Property Information

Location

Miles: 2 miles north of City of London
Roads: A1, A10, A501 (Inner Ring Road
Rail: Canonbury Rail (London Overground)
Air: City Airport, Heathrow Airport

Situation

The property is prominently situated on the south side of Grosvenor Road at the junction with Wallace Road, 50 metres from Canonbury Railway Station. Arsenal Football Club’s Emirates Stadium less than 1 mile to the north-west. The area is a desirable and affluent residential location.

Tenure

Freehold.

Location

Miles: 2 miles north of City of London
Roads: A1, A10, A501 (Inner Ring Road
Rail: Canonbury Rail (London Overground)
Air: City Airport, Heathrow Airport

Situation

Tenure

Freehold.

Description

The property comprises a PUBLIC HOUSE on the ground floor and ANCILLARY ACCOMMODATION on basement, first and second floors. There is a LARGE BEER GARDEN to the rear.

VAT

VAT is applicable to this lot.

EPC

The EPC will be available to view online in the solicitor’s legal pack.

Description

The property comprises a PUBLIC HOUSE on the ground floor and ANCILLARY ACCOMMODATION on basement, first and second floors. There is a LARGE BEER GARDEN to the rear.

VAT

VAT is applicable to this lot.

EPC

The EPC will be available to view online in the solicitor’s legal pack.

Tenancy & Accommodation

Floor	Use	Floor Areas (Approx)		Tenant	Term	Rent p.a.x	Reviews
Basement Ground First Second	Ancillary Public House Ancillary Ancillary	21.43 sq m 157.80 sq m 157.80 sq m 157.80 sq m	(230 sq ft) (1,699 sq ft) (1,699 sq ft) (1,699 sq ft)	ENTERPRISE INNS PLC (1)	35 years from completion until 2045 on a full repairing and insuring lease (2)(3)	£55,000	2015 and 5 yearly
Totals		494.83 sq m	(5,327 sq ft)			£55,000

(1) Enterprise Inns plc is one of the UK’s leading operators of leased and tenanted pubs, with approaching 7,400 outlets. For the year ended 30th September 2009, Enterprise Inns plc reported a turnover of £818m, EBITDA of £445m, pre-tax profits before exceptional items of £208m and net assets of £1.36bn. (Source: Company Website – Annual Report and Accounts 2009)(2) The lease provides for a tenant’s option to determine the lease on the 25th anniversary of the term on giving at least six months’ written notice.(3) The property has been sub-let on a tied lease to High Water Everywhere Ltd.