The Bear Public House, 397A High Road Wembley Middlesex HA9 6AA

The Bear Public House, 397A High Road
Wembley
Middlesex
HA9 6AA

Freehold Public House Investment close to Wembley Stadium

Entirely let to Barracuda Pub Company Limited until 2030
Prominent position in sought after location some 200 metres from Wembley Central Underground and Mainline Railway Station
Situated within walking distance of Wembley Stadium
Nearby occupiers include Wilkinson, O2, Superdrug, Wetherspoons and Tesco
Six Week Completion Period Available

Lot
14
Auction
8th December 2011
Rent
£94,000 per Annum Exclusive
Status
Sold
Price
£1,250,000
Auction Venue
Millennium Hotel
44 Grosvenor Square
London W1K 2HP

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Freehold Public House Investment close to Wembley Stadium

Entirely let to Barracuda Pub Company Limited until 2030
Prominent position in sought after location some 200 metres from Wembley Central Underground and Mainline Railway Station
Situated within walking distance of Wembley Stadium
Nearby occupiers include Wilkinson, O2, Superdrug, Wetherspoons and Tesco
Six Week Completion Period Available

Lot 14
Auction 8th December 2011
Rent £94,000 per Annum Exclusive
Status Sold
Price £1,250,000
Sector
Leisure
Auction Venue
Millennium Hotel
44 Grosvenor Square
London W1K 2HP

Property Information

Location

Distance: 800 metres west of Wembley Stadium, 8 miles north-west of Central London
Roads: A40, A406
Rail: Wembley Central Railway and Underground Station (Bakerloo Line), Wembley Stadium Railway Station, Wembley Park Underground Station (Metropolitan and Jubilee Line)
Air: Heathrow International Airport

Situation

The property is situated in a strong trading position on the south side of High Road within walking distance of Wembley Stadium. Nearby occupiers include Wilkinson, Boots, O2, Superdrug, Tesco and Wetherspoons.

Tenure

Freehold.

Location

Distance: 800 metres west of Wembley Stadium, 8 miles north-west of Central London
Roads: A40, A406
Rail: Wembley Central Railway and Underground Station (Bakerloo Line), Wembley Stadium Railway Station, Wembley Park Underground Station (Metropolitan and Jubilee Line)
Air: Heathrow International Airport

Situation

Tenure

Freehold.

Description

The property comprises a substantial public house with residential accommodation on first and second floors. The first floor, accessed internally, comprises 5 large rooms, bathroom, kitchen and store in addition to a flat with 2 rooms, kitchen and bathroom and a flat with 1 room and bathroom. The second floor benefits from a 5-room flat with kitchen, bathroom and separate WC and another studio flat.

VAT

VAT is not applicable to this lot.

EPC

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

Description

VAT

VAT is not 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
Ground Basement First Second	Retail/Public House Cellar Residential Residential	363.06 sq m 37.16 sq m 170.11 sq m 152.36 sq m	(3,908 sq ft) (400 sq ft) (1,831 sq ft) (1,640 sq ft)	BARRACUDA PUB COMPANY LIMITED (on assignment) (1)	35 years from 09/11/1995 until 2030 on a full repairing and insuring lease	£94,000	09/11/2010 and five yearly
Totals		722.69 sq m	(7,779 sq ft)			£94,000

(1) Barracuda Pub Company Limited is a subsidiary of Barracuda Pub Group Limited. Formed in July 2000, the award-winning Barracuda Pub Group operates pubs and bars across England, Wales and Scotland under three principal trading formats: Smith & Jones, Varsity and Cape. Barracuda Pub Group's significant expansion plans have helped it to become one of the top 10 largest managed pub companies in the country. They currently trade from over 200 pubs across the UK Source: www. barracudapubgroup.co.uk). For the year ending 25th September 2010, Barracuda Pub Company Limited reported a turnover of £21,900,000, pre-tax losses of £150,000 and a net worth of £18,686,000. (Source: www.riskdisk.com 11/11/2011)