Let to Enterprise Inns plc until 2046 (subject to option)
Affluent and fashionable South-West London location
800 metres east of Clapham Common
2 miles south-west of the Oval Cricket Ground
5 yearly rent reviews
Lot 8
Auction 22nd February 2011
Rent £65,000 per Annum Exclusive
Status Sold
Price £870,000
Sector Leisure
Auction Venue Millennium Hotel 39-44 Grosvenor Square London W1K 2HP
On behalf of Enterprise Inns plc
Property Information
Location
Miles
400 metres east of Clapham Common, 2 miles south of the Oval Cricket Ground, 3.5 miles south of Victoria
Roads
A3, A23, A205 (South Circular Road)
Rail
Clapham Common Tube (Northern Line), Clapham North Tube (Northern Line), Brixton Tube (Victoria Line/Overground)
Air
Heathrow Airport, City Airport
Situation
The property is situated on the north side of Clapham Park Road (A2217) opposite the junction with Northbourne Road with Clapham Common just 800 metres to the west. Clapham is a fashionable and affluent South-West London suburb. Clapham High Street is some 600 metres to the north.
Tenure
Freehold.
Location
Miles
400 metres east of Clapham Common, 2 miles south of the Oval Cricket Ground, 3.5 miles south of Victoria
Roads
A3, A23, A205 (South Circular Road)
Rail
Clapham Common Tube (Northern Line), Clapham North Tube (Northern Line), Brixton Tube (Victoria Line/Overground)
Air
Heathrow Airport, City Airport
Situation
The property is situated on the north side of Clapham Park Road (A2217) opposite the junction with Northbourne Road with Clapham Common just 800 metres to the west. Clapham is a fashionable and affluent South-West London suburb. Clapham High Street is some 600 metres to the north.
Tenure
Freehold.
Description
The property comprises a PUBLIC HOUSE on the ground floor, a FUNCTION ROOM and KITCHEN on the first floor and RESIDENTIAL ACCOMMODATION on the second floor. There is 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.
Description
The property comprises a PUBLIC HOUSE on the ground floor, a FUNCTION ROOM and KITCHEN on the first floor and RESIDENTIAL ACCOMMODATION on the second floor. There is 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
Ancillary Public House Function Room/Kitchen Residential
35 years from completion until 2046 on a full repairing and insuring lease (2)(3)
£65,000
2016 and 5 yearly
Totals
368.35 sq m
(3,965 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 S & B Pub Company Limited.
