The Eagle 250 Ladbroke Grove North Kensington London W10 5LP

The Eagle
250 Ladbroke Grove
North Kensington
London
W10 5LP

Freehold Public House Investment

On the Instructions of Enterprise Inns plc
Close to Portobello Road
Approximately 1.5 miles from London's West End
Let to Enterprise Inns plc until 2045 (subject to option)
5 yearly reviews
Six Week Completion Available

Lot
15
Auction
8th July 2010
Rent
£80,000 per Annum
Status
Sold
Price
£1,140,000
Auction Venue
Millennium Hotel
39-44 Grosvenor Square
Mayfair
London W1K 2HP

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Freehold Public House Investment

On the Instructions of Enterprise Inns plc
Close to Portobello Road
Approximately 1.5 miles from London's West End
Let to Enterprise Inns plc until 2045 (subject to option)
5 yearly reviews
Six Week Completion Available

Lot 15
Auction 8th July 2010
Rent £80,000 per Annum
Status Sold
Price £1,140,000
Sector
Leisure
Auction Venue
Millennium Hotel
39-44 Grosvenor Square
Mayfair
London W1K 2HP

Property Information

Location

Miles: 1.5 miles north-west of London's West End; 1 mile north of Holland Park
Roads: A40, A404, A219
Rail: Ladbroke Grove Tube (Hammersmith & City Line)
Air: City Airport, Heathrow Airport

Situation

The property is situated on the west side of the fashionable Ladbroke Grove at the junction with Bruce Close and close to the famous Portobello Road. The highly affluent Notting Hill is immediately to the south.

Tenure

Freehold.

Location

Miles: 1.5 miles north-west of London's West End; 1 mile north of Holland Park
Roads: A40, A404, A219
Rail: Ladbroke Grove Tube (Hammersmith & City Line)
Air: City Airport, Heathrow Airport

Situation

Tenure

Freehold.

Description

The property comprises a PUBLIC HOUSE on ground floor with ANCILLARY AND RESIDENTIAL ACCOMMODATION on the first and second floors. The basement comprises a BEER CELLAR.

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 a PUBLIC HOUSE on ground floor with ANCILLARY AND RESIDENTIAL ACCOMMODATION on the first and second floors. The basement comprises a BEER CELLAR.

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
Cellar Ground First Second	Ancillary Public House Residential (3 Rooms, Kitchen and Bathroom) Residential (4 Rooms and Bathroom)	136 sq m 153 sq m 132 sq m 100 sq m	(1,464 sq ft) (1,647 sq ft) (1,421 sq ft) (1,076 sq ft)	ENTERPRISE INNS PLC (1)	35 years from completion until 2045 on a full repairing and insuring lease (2)(3)	£80,000	2015 and 5 yearly
Totals		521 sq m	(5,608 sq ft)			£80,000

(1)Enterprise Inns plc is one of the UK's leading operators of leased and tenanted pubs with 7,399 outlets, as at September 2009. For the year ended 30th September 2009, Enterprise Inns plc reported revenue of 818m, EBITDA of 445m, pre-tax profit before exceptional items of 208m and net assets of 1.365bn. (Source: Annual Report & Accounts 2009) (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 Figueiredo E Filha Limited.