The Recreation Ground Public House 65 Camberwell Church Street London SE5 8TR

The Recreation Ground Public House
65 Camberwell Church Street
London
SE5 8TR

Freehold Public House Investment

Let to Enterprise Inns plc until 2046 (subject to option)
Substantial traditional building
Approximately 1 mile from the Brit Oval Cricket Ground
Popular Inner London suburb
5 yearly rent reviews
Six Week Completion Available

Lot
39
Auction
9th December 2010
Rent
£65,000 per Annum Exclusive
Status
Withdrawn Post
Price
Auction Venue
Millennium Hotel
39-44 Grosvenor Square
London W1K 2HP

Important Update Interested?

Expand
Photos
Map

Freehold Public House Investment

Let to Enterprise Inns plc until 2046 (subject to option)
Substantial traditional building
Approximately 1 mile from the Brit Oval Cricket Ground
Popular Inner London suburb
5 yearly rent reviews
Six Week Completion Available

Lot 39
Auction 9th December 2010
Rent £65,000 per Annum Exclusive
Status Withdrawn Post
Price
Sector
Public House
Auction Venue
Millennium Hotel
39-44 Grosvenor Square
London W1K 2HP

Property Information

Location

3 miles south of the City of London; 2 miles south of Elephant & Castle; 4 miles south-east of the West End of London
Roads: A202, A205 (South Circular Road), A3, A23, A2, A20
Rail: Denmark Hill Rail. Oval Underground (Northern Line)
Air: London City Airport, Heathrow

Situation

The property is prominently situated on the north side of Camberwell Church Street some 300 metres east of its busy junction with Camberwell Green and Denmark Hill (A215) where nearby occupiers include Lloyds TSB, Superdrug, Barclays Bank and McDonald's.

Tenure

Freehold.

Location

3 miles south of the City of London; 2 miles south of Elephant & Castle; 4 miles south-east of the West End of London
Roads: A202, A205 (South Circular Road), A3, A23, A2, A20
Rail: Denmark Hill Rail. Oval Underground (Northern Line)
Air: London City Airport, Heathrow

Situation

Tenure

Freehold.

Description

The property is an attractive traditional public house building comprising a PUBLIC HOUSE on the ground floor and ANCILLARY ACCOMMODATION on the first, second and third floor. There is a BEER CELLAR and ANCILLARY ACCOMMODATION in the basement.

VAT

VAT is applicable to this lot.

EPC

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

Description

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 Third	Ancillary Public House Ancillary Ancillary Ancillary	100.00 sq m 213.00 sq m 122.00 sq m 122.00 sq m 122.00 sq m	(1,076 sq ft) (2,290 sq ft) (1,307 sq ft) (1,307 sq ft) (1,307 sq ft)	ENTERPRISE INNS PLC (1)	35 years from completion until 2046 on a full repairing and insuring lease (2)(3)	£65,000	2016 and 5 yearly
Totals		679.00 sq m	(7,287 sq ft)			£65,000

(1) For the year ended 30th September 2009, Enterprise Inns plc reported a turnover of £818,000,000, a pre-tax profit before exceptional items of £208,000,000 and net assets of £951,000,000 (Source: Company Website Year End Report)(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 MAC Leisure Limited.