Coach and Horses Public House, 173-175 Clapham Park Road Clapham London SW4 7EX

Coach and Horses Public House, 173-175 Clapham Park Road
Clapham
London
SW4 7EX

Freehold Public House Investment

Let to Enterprise Inns plc until 2046 (subject to option)
Affluent and fashionable South-West London location
800 metres east of Clapham Common
2 miles south-west of the Oval Cricket Ground
5 yearly rent reviews

Lot
8
Auction
22nd February 2011
Rent
£65,000 per Annum Exclusive
Status
Sold
Price
£870,000
Auction Venue
Millennium Hotel
39-44 Grosvenor Square
London W1K 2HP
On behalf of Enterprise Inns plc

Interested?

Expand
Photos
Map

Freehold Public House Investment

Let to Enterprise Inns plc until 2046 (subject to option)
Affluent and fashionable South-West London location
800 metres east of Clapham Common
2 miles south-west of the Oval Cricket Ground
5 yearly rent reviews

Lot 8
Auction 22nd February 2011
Rent £65,000 per Annum Exclusive
Status Sold
Price £870,000
Sector
Leisure
Auction Venue
Millennium Hotel
39-44 Grosvenor Square
London W1K 2HP
On behalf of Enterprise Inns plc

Property Information

Location

Miles: 400 metres east of Clapham Common, 2 miles south of the Oval Cricket Ground, 3.5 miles south of Victoria
Roads: A3, A23, A205 (South Circular Road)
Rail: Clapham Common Tube (Northern Line), Clapham North Tube (Northern Line), Brixton Tube (Victoria Line/Overground)
Air: Heathrow Airport, City Airport

Situation

The property is situated on the north side of Clapham Park Road (A2217) opposite the junction with Northbourne Road with Clapham Common just 800 metres to the west. Clapham is a fashionable and affluent South-West London suburb. Clapham High Street is some 600 metres to the north.

Tenure

Freehold.

Location

Miles: 400 metres east of Clapham Common, 2 miles south of the Oval Cricket Ground, 3.5 miles south of Victoria
Roads: A3, A23, A205 (South Circular Road)
Rail: Clapham Common Tube (Northern Line), Clapham North Tube (Northern Line), Brixton Tube (Victoria Line/Overground)
Air: Heathrow Airport, City Airport

Situation

Tenure

Freehold.

Description

The property comprises a PUBLIC HOUSE on the ground floor, a FUNCTION ROOM and KITCHEN on the first floor and RESIDENTIAL ACCOMMODATION on the second floor. There is 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	Ancillary Public House Function Room/Kitchen Residential	95.09 sq m 130.61 sq m 92.65 sq m 50.00 sq m	(1,024 sq ft) (1,406 sq ft) (997 sq ft) (538 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		368.35 sq m	(3,965 sq ft)			£65,000

1) Enterprise Inns plc is one of the UK’s leading operators of leased and tenanted pubs, with over 6,800 outlets. For the year ended 30th September 2010, Enterprise Inns plc reported a turnover of £753,000,000, EBITDA of £405,000,000, a pre-tax profit before exceptional items of £175,000,000 and net assets of £1,407,000,000. (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 S & B Pub Company Limited.