The Prince Albert Public House, 72 Royal Hill
London
SE10 8RT

Freehold Public House Investment

  • Let to Enterprise Inns plc until 2046 (subject to option)
  • Substantial traditional building
  • Affluent Inner London suburb
  • 300 metres from Greenwich Park,  The Royal Observatory and a World Heritage Site
  • 5 yearly rent reviews
  • Six week completion available
  • Lot
    2
  • Auction
    09/Dec/2010
  • Rent
    £60,000 per Annum Exclusive
  • Status
    Withdrawn Post
  • Price*
     
  • Sector
    Leisure
  • Auction Venue
    Millennium Hotel
    39-44 Grosvenor Square
    London W1K 2HP
Important Auction & Property Update
  • The Prince Albert Public House, 72 Royal Hill<br>London<br>SE10 8RT
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* More information on the term "price" can be found here

Property Information

Location
5 miles south-east of the City of London
6 miles south-east of London's West End
2 miles north of Lewisham
Roads
 A2, A205 (South Circular Road), A20, A202, A102
Rail
 Greenwich Rail (Overground/Docklands Light Railway)
Air
 London City Airport, Heathrow
Situation

The property is prominently situated on the west side of Royal Hill at the junction with Hyde Vale within an affluent and attractive residential suburb. Greenwich Park, home to The Royal Observatory and to Greenwich Meantime, is some 300 metres to the east. The National Maritime Museum and the former Royal Navy Colleges and the world famous Cutty Sark are approximately  750 metres north. Together with the park these buildings form a UNESCO World Heritage Site.

Tenure

Freehold.

Description

The property is an attractive traditional public house building comprising a PUBLIC HOUSE on the ground floor and ANCILLARY ACCOMMODATION on the first and second floors. There is a BEER CELLAR and ANCILLARY ACCOMMODATION in the basement.

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 (Approx) Tenant Term Rent p.a.x Reviews

Basement
Ground
First
Second

Cellar/Ancillary
Public House
Ancillary
Ancillary

80.00 sq m
149.00 sq m
149.00 sq m
40.00 sq m

(861 sq ft)
(1,603 sq ft)
(1,603 sq ft)
(430 sq ft)

ENTERPRISE INNS PLC (1) 35 years from completion until 2046 on a full repairing and insuring lease (2)(3)   £60,000 2016 and 5 yearly
Totals  

418.00 sq m

(4,497 sq ft)
    £60,000  

(1) For the year ended 30th September 2009, Enterprise Inns plc reported a turnover of £818,000,000, a pre-tax profit before exceptional items of £208,000,000 and net assets of £951,000,000. (Source: Company Website Year End Report)(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 JCFL Limited.

Property Documents

  • Location
    Updated Date
    17.11.10
    File Size
    View PDF
  • Catalogue Page
    Updated Date
    17.11.10
    File Size
    View PDF
  • Site Plan
    Updated Date
    17.11.10
    File Size
    View PDF
  • Common Auction conditions
    Updated Date
    10.01.19
    File Size
    143 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 060519john.mehtab@acuitus.co.uk
Seller's Solicitors
Addleshaw Goddard LLP Milton Gate60 Chiswell Street
London
EC1Y 4AG
+44 (0)20 7606 4390
Kathryn Green +44 (0)20 7160 3303kathryn.green@addleshawgoddard.com

Useful Links

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