The Beehive Public House 21 Bartholomew Street London SE1 4AL

The Beehive Public House
21 Bartholomew Street
London
SE1 4AL

Freehold Reversionary Public House Investment

Entirely let to Enterprise Inns Plc until 2025
Central London location set to benefit from a £1.5bn, 55 acre regeneration scheme
Significant reversionary value to be realised in 2025
Situated close to the City of London and the cultural hub of the South Bank Arts Centre
Six Week Completion Available

Lot
10
Auction
18th October 2012
Rent
£250 per Annum Exclusive
Status
Sold
Price
£310,000
Auction Venue
Millennium Hotel
39-44 Grosvenor Square
London W1K 2HP

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Freehold Reversionary Public House Investment

Entirely let to Enterprise Inns Plc until 2025
Central London location set to benefit from a £1.5bn, 55 acre regeneration scheme
Significant reversionary value to be realised in 2025
Situated close to the City of London and the cultural hub of the South Bank Arts Centre
Six Week Completion Available

Lot 10
Auction 18th October 2012
Rent £250 per Annum Exclusive
Status Sold
Price £310,000
Sector
Leisure
Auction Venue
Millennium Hotel
39-44 Grosvenor Square
London W1K 2HP

Property Information

Location

Miles: 1.5 miles from London’s West End, 1 mile from the historic City of London
Roads: A2, A100, A201
Rail: Elephant and Castle Rail Station and London Underground; Station (Bakerloo & Northern Line), Waterloo Rail Station
Air: London City Airport

Situation

The property is situated in a prominent corner position on the junction of Bartholomew Street and Great Dover Street (A2) within Elephant and Castle just south of the River Thames and Tower Bridge. The area is part of a £1.5bn, 55 acre regeneration scheme to improve housing, infrastructure and all local amenities. The property benefits from its close proximity to the historic City of
London business district, The South Bank Arts Centre and the
shopping and business precincts of the West End.

Tenure

Freehold.

Location

Miles: 1.5 miles from London’s West End, 1 mile from the historic City of London
Roads: A2, A100, A201
Rail: Elephant and Castle Rail Station and London Underground; Station (Bakerloo & Northern Line), Waterloo Rail Station
Air: London City Airport

Situation

Tenure

Freehold.

Description

The property comprises a public house over ground floor and basement and benefits from residential accommodation on the first and second floors accessed both internally and externally. The residential accommodation currently comprises 3 bedrooms, kitchen and WC facilities on each floor.

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	Reversion
Ground Basement First Second	Public House Ancillary Residential Residential	180.42 sq m 93.67 sq m 81.03 sq m 65.65 sq m	1,942 sq ft 1,008 sq ft 872 sq ft 707 sq ft	ENTERPRISEINNS PLC (1)(2)	90 years from 29/09/1935	£250	28/09/2025
Totals		420.77 sq m	(4,529 sq ft) (3)			£250

1) Enterprise Inns Plc is one of the UK’s leading operators of leased and tenanted pubs, with well over 6,000 outlets. For the year ending 30th September 2011, Enterprise Inns Plc reported a turnover of £711,000,000, EBITDA of £366,000,000 and a pre-tax profit before exceptional items of £177,000,000. (Source: Company Website Financial Summary 24/08/2012)
(2)The entire property has been sublet to Haci-Ali Yilmaz for a term of 20 years, expiring on 25th September 2025. A copy of the sublease is available within the legal documents.
(3)The property has been measured on a gross internal basis.