Edward Rayne Public House 8 - 12 Coombe Lane, Raynes Park, West Wimbledon London SW20 8ND

Edward Rayne Public House
8 - 12 Coombe Lane, Raynes Park, West Wimbledon
London
SW20 8ND

Freehold Pubic House and Residential Investment

  • Public House let to JD Wetherspoon PLC until 2041 (subject to option)
  • Affluent south-west London suburb
  • Busy position some 100 metres from Raynes Park Railway Station (21 mins direct to London Waterloo)
  • 2016 rent review to be settled
  • Neighbouring occupiers include Boots the Chemist, Starbucks, Greggs and Lloyds Bank
  • For the Seller's Legal Pack, please click the Property Documents tab below
  • Lot
    49
  • Auction
    13th October 2016
  • Rent
    £76,800 per Annum Exclusive
  • Status
    Sold
  • Price
    £1,420,000
  • Sector
    Public House
  • Auction Venue
    The Radisson Blu Portman Hotel
    22 Portman Squafre
    London W1H 7BG
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  • Photos
  • Map

* More information on the term "guide" can be found here

Freehold Pubic House and Residential Investment

  • Public House let to JD Wetherspoon PLC until 2041 (subject to option)
  • Affluent south-west London suburb
  • Busy position some 100 metres from Raynes Park Railway Station (21 mins direct to London Waterloo)
  • 2016 rent review to be settled
  • Neighbouring occupiers include Boots the Chemist, Starbucks, Greggs and Lloyds Bank
  • For the Seller's Legal Pack, please click the Property Documents tab below
  • Lot 49
  • Auction 13th October 2016
  • Rent
  • Status Sold
  • Price £1,420,000
  • Sector
    Public House
  • Auction Venue
    The Radisson Blu Portman Hotel
    22 Portman Squafre
    London W1H 7BG

Property Information

Location
Miles
8 miles south-west of Londons West End, 3 miles east of Kingston upon Thames, 5 miles south-east of Richmond
Roads
A3, A24, M25
Rail
Raynes Park Rail Station (21 mins direct to London Waterloo)
Air
London Heathrow Airport, London Gatwick Airport
Situation

Raynes Park is an affluent south-west London suburb some 1 mile south-west of Wimbledon Town Centre and Wimbledon Common. The property is prominently situated on the north side of the busy Coombe Lane at its junction with Raynes Park Bridge and some 100 metres east of Raynes Park Railway Station (21 mins direct to London Waterloo). Neighbouring occupiers include Boots the Chemist, Starbucks, Greggs and Lloyds Bank. Waitrose, Sainsburys and Costa are also close by.

Tenure

Freehold.

Location
Miles
8 miles south-west of Londons West End, 3 miles east of Kingston upon Thames, 5 miles south-east of Richmond
Roads
A3, A24, M25
Rail
Raynes Park Rail Station (21 mins direct to London Waterloo)
Air
London Heathrow Airport, London Gatwick Airport
Situation

Raynes Park is an affluent south-west London suburb some 1 mile south-west of Wimbledon Town Centre and Wimbledon Common. The property is prominently situated on the north side of the busy Coombe Lane at its junction with Raynes Park Bridge and some 100 metres east of Raynes Park Railway Station (21 mins direct to London Waterloo). Neighbouring occupiers include Boots the Chemist, Starbucks, Greggs and Lloyds Bank. Waitrose, Sainsburys and Costa are also close by.

Tenure

Freehold.

Description

The property comprises a triple frontage ground floor public house with basement and part first floor ancillary accommodation and 12 residential flats on part first, second and third floors.

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 triple frontage ground floor public house with basement and part first floor ancillary accommodation and 12 residential flats on part first, second and third floors.

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 Tenant Term Rent p.a.x Reviews
Ground, Part First
and Basement
Public House/Ancillary
780 sq m
(8,400 sq ft) (4)
JD WETHERSPOON
PLC (1)
35 years from 27/03/2006 until
2041 on an effective full
repairing and insuring lease (2)
£75,000 27/03/2016
and 5 yearly thereafter.
Part First,
Second & Third
Residential
12 residential flats



INDIVIDUALS
125 years from 25/03/2006 £1,800 (3) 25/03/2035 and
every 25 years
thereafter
Total Commercial Area
780 sq m
(8,400 sq ft) (4)
    £76,800

(1) For the year ending 26/07/2015, JD Wetherspoon PLC reported a turnover of £1,513,923,000, pre-tax profits of £58,732,000 and a total net worth of £192,896,000. (Source: www.riskdisk.com 12/09/2016).
(2) The lease provides for a tenant option to determine the lease on 26/03/2021.
(3) The leases provide for the rent to double every 25 years.
(4) The net internal area above is stated in the rent review clause of the lease.

Property Documents

  • Catalogue Page
    Updated Date
    29.10.19
    File Size
    1 MB
    View PDF
  • Common Auction conditions
    Updated Date
    10.06.21
    File Size
    168 KB
    View PDF
  • Memorandum of Sale
    Updated Date
    27.03.17
    File Size
    27 KB
    View PDF

Contacts

Acuitus
John MehtabJohn Mehtab +44 (0)20 7034 4855 +44 (0)7899 060 519john.mehtab@acuitus.co.uk
Seller's Solicitors
PCB Lawyers LLP 70 Baker Street
London
W1U 7DL
Julian Lobetta 020 7299 9254jlobetta@pcblawyers.com

Useful Links

Acuitus Finance
Stuart BuchananStuart Buchanan +44 (0)20 7034 4850 +44 (0)7879 432868stuart.buchanan@acuitus.co.uk

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