Freehold Public House Investment close to Wembley Stadium
Entirely let to Barracuda Pub Company Limited until 2030
Prominent position in sought after location some 200 metres from Wembley Central Underground and Mainline Railway Station
Situated within walking distance of Wembley Stadium
Nearby occupiers include Wilkinson, O2, Superdrug, Wetherspoons and Tesco
Six Week Completion Period Available
Lot 14
Auction 8th December 2011
Rent £94,000 per Annum Exclusive
Status Sold
Price £1,250,000
Sector Leisure
Auction Venue Millennium Hotel 44 Grosvenor Square London W1K 2HP
Property Information
Location
Distance
800 metres west of Wembley Stadium, 8 miles north-west of Central London
Roads
A40, A406
Rail
Wembley Central Railway and Underground Station (Bakerloo Line), Wembley Stadium Railway Station, Wembley Park Underground Station (Metropolitan and Jubilee Line)
Air
Heathrow International Airport
Situation
The property is situated in a strong trading position on the south side of High Road within walking distance of Wembley Stadium. Nearby occupiers include Wilkinson, Boots, O2, Superdrug, Tesco and Wetherspoons.
Tenure
Freehold.
Location
Distance
800 metres west of Wembley Stadium, 8 miles north-west of Central London
Roads
A40, A406
Rail
Wembley Central Railway and Underground Station (Bakerloo Line), Wembley Stadium Railway Station, Wembley Park Underground Station (Metropolitan and Jubilee Line)
Air
Heathrow International Airport
Situation
The property is situated in a strong trading position on the south side of High Road within walking distance of Wembley Stadium. Nearby occupiers include Wilkinson, Boots, O2, Superdrug, Tesco and Wetherspoons.
Tenure
Freehold.
Description
The property comprises a substantial public house with residential accommodation on first and second floors. The first floor, accessed internally, comprises 5 large rooms, bathroom, kitchen and store in addition to a flat with 2 rooms, kitchen and bathroom and a flat with 1 room and bathroom. The second floor benefits from a 5-room flat with kitchen, bathroom and separate WC and another studio flat.
VAT
VAT is not applicable to this lot.
EPC
The EPC will be available to view online in the solicitor’s legal pack.
Description
The property comprises a substantial public house with residential accommodation on first and second floors. The first floor, accessed internally, comprises 5 large rooms, bathroom, kitchen and store in addition to a flat with 2 rooms, kitchen and bathroom and a flat with 1 room and bathroom. The second floor benefits from a 5-room flat with kitchen, bathroom and separate WC and another studio flat.
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
Reviews
Ground Basement First Second
Retail/Public House Cellar Residential Residential
35 years from 09/11/1995 until 2030 on a full repairing and insuring lease
£94,000
09/11/2010 and five yearly
Totals
722.69 sq m
(7,779 sq ft)
£94,000
(1) Barracuda Pub Company Limited is a subsidiary of Barracuda Pub Group Limited. Formed in July 2000, the award-winning Barracuda Pub Group operates pubs and bars across England, Wales and Scotland under three principal trading formats: Smith & Jones, Varsity and Cape. Barracuda Pub Group's significant expansion plans have helped it to become one of the top 10 largest managed pub companies in the country. They currently trade from over 200 pubs across the UK Source: www. barracudapubgroup.co.uk). For the year ending 25th September 2010, Barracuda Pub Company Limited reported a turnover of £21,900,000, pre-tax losses of £150,000 and a net worth of £18,686,000. (Source: www.riskdisk.com 11/11/2011)
