Ivy Tree, 113-117 South Street Romford London RM1 1NX

Ivy Tree, 113-117 South Street
Romford
London
RM1 1NX

Freehold Restaurant/Bar Investment

Restaurant/Bar let to JD Wetherspoon PLC on assignment from Whitbread PLC (lease commenced 1995) t/a Ivy Tree
Lease expiring December 2030 (no breaks)
Ground floor of approx. 523.30 sq m (5,633 sq ft)
Recently undergone substantial refurbishment
Central Romford location in popular leisure pitch
Leisure occupiers nearby include JD Wetherspoon, Slug & Lettuce, Yates, McDonalds, KFC, Popeyes and Wendy's

Lot
26
Auction
15th May 2025
Rent
£120,000 per Annum Exclusive
Status
Available
Guide*
£1,250,000
Auction Venue
Live Streamed Auction
On Behalf of an Investment Manager
Octopus Bridging Loan for Buyers

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Freehold Restaurant/Bar Investment

Restaurant/Bar let to JD Wetherspoon PLC on assignment from Whitbread PLC (lease commenced 1995) t/a Ivy Tree
Lease expiring December 2030 (no breaks)
Ground floor of approx. 523.30 sq m (5,633 sq ft)
Recently undergone substantial refurbishment
Central Romford location in popular leisure pitch
Leisure occupiers nearby include JD Wetherspoon, Slug & Lettuce, Yates, McDonalds, KFC, Popeyes and Wendy's

Lot 26
Auction 15th May 2025
Rent £120,000 per Annum Exclusive
Status Available
Guide* £1,250,000
Sector
Leisure, Public House
Auction Venue
Live Streamed Auction
On Behalf of an Investment Manager

Property Information

Location

Miles: 9 miles north east of Canary Wharf, 14 miles east of Central London
Roads: A12, M25, A125
Rail: Romford Railway Station (Elizabeth Line & Overground)
Air: London City Airport, London Heathrow Airport

Situation

The property is prominently situated on the east side of South Street, a popular leisure pitch with occupiers including JD Wetherspoon, Slug & Lettuce, Yates, McDonalds, KFC, Popeyes and Wendy's. The property is located some 100 metres from Romford Railway Station a short walk to The Brewery Shopping Centre and The Liberty Shopping Centre.

Tenure

Freehold.

Location

Miles: 9 miles north east of Canary Wharf, 14 miles east of Central London
Roads: A12, M25, A125
Rail: Romford Railway Station (Elizabeth Line & Overground)
Air: London City Airport, London Heathrow Airport

Situation

Tenure

Freehold.

Description

The property comprises a substantial ground floor restaurant/bar which has recently undergone a refurbishment program and currently benefits from late licencing hours throughout the week. In addition there are 11 flats on the upper floors which have been sold off on a long lease.

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 sq m	Floor Areas Approx sq ft	Tenant	Term	Rent p.a.x.	Rent Review
Ground	Restaurant/Bar	523.30	(5,633)	JD WETHERSPOON PLC on assignment from Whitbread PLC (currently sublet and t/a Ivy Tree) (1)(2)	35 years from 25/12/1995 until 24/12/2030	£120,000	25/12/2025
First Second	Residential - 11 flats	-	-	ROMFORD DEVELOPMENTS (LONDON) LTD	999 years from 17/12/2004	Peppercorn	-
Total		523.30	(5,633) (3)			£120,000

(1) JD Wetherspoon is one of the UK's most well known pub companies, currently operating over 800 pubs across the UK and Ireland. For the year ending 28/07/2024 JD Wetherspoon PLC reported a Turnover of £2,035,500,000, a Pre-Tax Profit of £60,620,000 and Shareholders Funds of £401,627,000 (NorthRow 16/04/2025). For the year ending 29/02/2024 Whitbread PLC reported a Turnover of £2,959,900,000, a Pre-Tax Profit of £451,700,000 and Shareholders Funds of £3,519,400,000 NorthRow 16/04/2025).
(2)The ground floor has been sublet to Groggy Ltd at £120,000 pa until 24/09/2030 and trades as Ivy Tree (www.ivytreeessex.com).
(3) The floor areas stated above have been provided by the Seller.

If you are the successful bidder, Acuitus requires a separate payment of £1,500+VAT as a buyer's administration charge payable to Acuitus Limited upon exchange of contracts. A VAT receipt will be provided upon payment.