Freehold Public House Investment
Freehold Public House Investment
The property is situated on the south side of Canonbury Lane close to the junction with the busy and fashionable Upper Street (A1). Highbury Corner Roundabout is just 150 metres to the north with Arsenal FC’s Emirates Stadium less than 1 mile away. The area is a desirable and affluent residential location which attracts an eclectic blend of fine bistros and restaurants. Other local occupiers include Budgens, NatWest, Holland & Barrett and William Hill.
Freehold.
The property is situated on the south side of Canonbury Lane close to the junction with the busy and fashionable Upper Street (A1). Highbury Corner Roundabout is just 150 metres to the north with Arsenal FC’s Emirates Stadium less than 1 mile away. The area is a desirable and affluent residential location which attracts an eclectic blend of fine bistros and restaurants. Other local occupiers include Budgens, NatWest, Holland & Barrett and William Hill.
Freehold.
The property comprises a PUBLIC HOUSE on the ground floor with ANCILLARY ACCOMMODATION in the basement and part first floor and RESIDENTIAL ACCOMMODATION on part first and second floors.
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 the ground floor with ANCILLARY ACCOMMODATION in the basement and part first floor and RESIDENTIAL ACCOMMODATION on part first and second floors.
VAT is applicable to this lot.
The EPC will be available to view online in the solicitor’s legal pack.
| Floor | Use | Floor Areas (Approx) | Tenant | Term | Rent p.a.x | Reviews | |
|---|---|---|---|---|---|---|---|
| Basement Ground First (Part) First (Part) Second |
Ancillary Public House Ancillary Residential Residential |
60.00 sq m 88.30 sq m 12.24 sq m 35.96 sq m 48.15 sq m |
(646 sq ft) (950 sq ft) (132 sq ft) (386 sq ft) (518 sq ft) |
ENTERPRISE INNS PLC | 35 years from completion until 2045 on a full repairing and insuring lease (2)(3) | £55,000 | 2015 and 5 yearly |
| Totals | 244.65 sq m |
(2,632 sq ft) |
£55,000 | ||||
(1) Enterprise Inns plc is one of the UK’s leading operators of leased and tenanted pubs, with approaching 7,400 outlets. For the year ended 30th September 2009, Enterprise Inns plc reported a turnover of £818m, EBITDA of £445m, pre-tax profits before exceptional items of £208m and net assets of £1.36bn.(Source: Company Website – Annual Report and 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 month’s written notice.(3) The property has been sub-let on a tied lease to Euphorium Leisure Ltd.
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