The Ship & Shovell Public House, 1 Craven Passage, Strand London London WC2N 5PH

The Ship & Shovell Public House, 1 Craven Passage, Strand
London
London
WC2N 5PH

Freehold Public House Investment

Let to Hall & Woodhouse Limited until 2028
Prime Central London location
Important Rent Review in 2013
500 metres from Covent Garden and 180 metres from Trafalgar Square
Downing Street, Whitehall and The Mall close by

Lot
22
Auction
26th May 2011
Rent
£43,500 per Annum Exclusive
Status
Sold
Price
£900,000
Auction Venue
Millennium Hotel
39-44 Grosvenor Square
London W1K 2HP

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Freehold Public House Investment

Let to Hall & Woodhouse Limited until 2028
Prime Central London location
Important Rent Review in 2013
500 metres from Covent Garden and 180 metres from Trafalgar Square
Downing Street, Whitehall and The Mall close by

Lot 22
Auction 26th May 2011
Rent £43,500 per Annum Exclusive
Status Sold
Price £900,000
Sector
Leisure
Auction Venue
Millennium Hotel
39-44 Grosvenor Square
London W1K 2HP

Property Information

Location

Distance: Covent Garden 500 metres, Trafalgar Square 180 metres, River Thames 240 metres
Rail: London Charing Cross (Mainline and Underground Bakerloo and Northern Line), Embankment Underground (Bakerloo, Northern, District and Circle Lines), Waterloo (Bakerloo, Northern, Jubilee and Waterloo & City Lines)
Air: London City Airport, Heathrow Airport, London Gatwick Airport

Situation

Craven Passage is situated between Northumberland Avenue and Craven Street immediately south of Strand and is located in the heart of Central London between Victoria Embankment/The River Thames and Strand and just 180 metres of Trafalgar Square. Downing Street, Whitehall and The Mall are close by.Neighbouring occupiers include the Savoy Hotel, Pizza Express, Jigsaw, McDonald's, Clinton Cards and The National Gallery.

Tenure

Freehold.

Location

Distance: Covent Garden 500 metres, Trafalgar Square 180 metres, River Thames 240 metres
Rail: London Charing Cross (Mainline and Underground Bakerloo and Northern Line), Embankment Underground (Bakerloo, Northern, District and Circle Lines), Waterloo (Bakerloo, Northern, Jubilee and Waterloo & City Lines)
Air: London City Airport, Heathrow Airport, London Gatwick Airport

Situation

Tenure

Freehold.

Description

The property comprises an attractive traditional building with public house accommodation on the ground and first floors and residential maisonette on the second and third floors.

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 an attractive traditional building with public house accommodation on the ground and first floors and residential maisonette on the second and third floors.

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 Public House Residential Residential	27 sq m 37 sq m 30 sq m 29 sq m 16 sq m	(290 sq ft) (400 sq ft) (323 sq ft) (312 sq ft) (172 sq ft)	HALL & WOODHOUSE LIMITED	30 years from 25/12/1998 until 2028 on a full repairing and insuring lease	£43,500	December 2013 and 5 yearly
Totals		139 sq m	(1,497 sq ft)			£43,500

(1) For the year ending 30th January 2010, Hall & Woodhouse Limited reported a turnover of £89,332,000, pre-tax profits of £4,580,000, and a net worth of £94,473,000. (Source: riskdisk.com 27.04.2011)