Freehold Public House Investment
Freehold Public House Investment
The property is situated on the south side of Lillieshall Road, close to the junction with North Street, some 500 metres north of Clapham Common. The area is a desirable and affluent residential location.
Freehold.
The property is situated on the south side of Lillieshall Road, close to the junction with North Street, some 500 metres north of Clapham Common. The area is a desirable and affluent residential location.
Freehold.
The property comprises a PUBLIC HOUSE on ground and RESIDENTIAL ACCOMMODATION on the first floor. There is ANCILLARY ACCOMMODATION in the basement.
VAT is applicable to this lot.
The EPC will be available to view online in the solicitor’s legal pack.
The property comprises a PUBLIC HOUSE on ground and RESIDENTIAL ACCOMMODATION on the first floor. There is ANCILLARY ACCOMMODATION in the basement.
VAT is applicable to this lot.
The EPC will be available to view online in the solicitor’s legal pack.
| Unit | Use | Floor Areas (Approx) | Tenant | Term | Rent p.a.x | Review |
|---|---|---|---|---|---|---|
| Basement Ground First |
Ancillary Public House Residential (3 Rooms, Kitchen and Bathroom |
60 sq m (646 sq ft) 167 sq m (1,798 sq ft) 59 sq m (635 sq ft) |
ENTERPRISE INNS PLC (2) |
35 years from completion until 2045 on a full repairing and insuring lease (2)(3) | £70,000 | 2015 and 5 yearly |
| Totals | 286 sq m (3,079 sq ft) | £70,000 |
(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 Sabretooth Vintners Limited.
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