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Status Withdrawn Post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
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.
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
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.
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
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.
