The property occupies a prominent corner position on the east side of Essex Road (A104) at the junction with Englefield Road. The fashionable Upper Street is approximately 1/2 mile to the west. The area is a desirable and affluent residential location lying 2 miles north of the City of London. Neighbouring occupiers include Tesco Express, Sainsbury's, William Hill and Honda.
Tenure
Freehold.
Location
Miles
2 miles north of City of London 1 mile south-east of Arsenal's Emirates Stadium
The property occupies a prominent corner position on the east side of Essex Road (A104) at the junction with Englefield Road. The fashionable Upper Street is approximately 1/2 mile to the west. The area is a desirable and affluent residential location lying 2 miles north of the City of London. Neighbouring occupiers include Tesco Express, Sainsbury's, William Hill and Honda.
Tenure
Freehold.
Description
The property comprises a PUBLIC HOUSE on the ground floor, a COMMERCIAL KITCHEN and RESIDENTIAL ACCOMMODATION on the first floor and RESIDENTIAL ACCOMMODATION on the second floor. There is ANCILLARY ACCOMMODATION in the basement, a LARGE BEER GARDEN to the rear and a roof terrace at first floor level.
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 PUBLIC HOUSE on the ground floor, a COMMERCIAL KITCHEN and RESIDENTIAL ACCOMMODATION on the first floor and RESIDENTIAL ACCOMMODATION on the second floor. There is ANCILLARY ACCOMMODATION in the basement, a LARGE BEER GARDEN to the rear and a roof terrace at first floor level.
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
Ancillary Public House Residential/Kitchen Residential
35 years from completion until 2046 on a full repairing and insuring lease (2)(3)
£65,000
2016 and 5 yearly
Totals
459.62 sq m
(4,940 sq ft)
£65,000
(1) Enterprise Inns plc is one of the UK’s leading operators of leased and tenanted pubs, with over 6,800 outlets. For the year ended 30th September 2010, Enterprise Inns plc reported a turnover of £753,000,000, EBITDA of £405,000,000, a pre-tax profit before exceptional items of £175,000,000 and net assets of £1,407,000,000. (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 Aragon Inns Limited.
