The Prince Albert 418 Coldharbour Lane, Brixton London SW9 8LF

The Prince Albert
418 Coldharbour Lane, Brixton
London
SW9 8LF

Highly Reversionary Freehold Ground Rent Investment

Let to Greene King Neighbourhood Estate Pubs Limited - a part of Greene King Plc - on a 99 year lease until March 2036
Valuable freehold reversion in approximately 20 years
Excellent location in popular south-west London suburb
Nearby retailers include Topshop, H & M, Sainsbury’s, Boots the Chemist, WH Smith, Poundland and Superdrug
For the Seller's Legal Pack, please click the Property Documents tab below

Lot
22
Auction
13th October 2016
Rent
£135 per Annum Exclusive
Status
Sold
Price
£625,000
Auction Venue
The Radisson Blu Portman Hotel
22 Portman Squafre
London W1H 7BG

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Highly Reversionary Freehold Ground Rent Investment

Let to Greene King Neighbourhood Estate Pubs Limited - a part of Greene King Plc - on a 99 year lease until March 2036
Valuable freehold reversion in approximately 20 years
Excellent location in popular south-west London suburb
Nearby retailers include Topshop, H & M, Sainsbury’s, Boots the Chemist, WH Smith, Poundland and Superdrug
For the Seller's Legal Pack, please click the Property Documents tab below

Lot 22
Auction 13th October 2016
Rent £135 per Annum Exclusive
Status Sold
Price £625,000
Sector
Ground Rent
Auction Venue
The Radisson Blu Portman Hotel
22 Portman Squafre
London W1H 7BG

Property Information

Location

Miles: 300m from Brixton Underground Station, 3.5 miles south-west of Central London
Roads: A3, A202
Rail: Brixton Underground (Victoria Line) and Rail Station
Air: London Airports: City (8 miles), Heathrow (15 miles), Gatwick (21 miles)

Situation

The property is situated in a prominent location on the north side of Coldharbour Lane (A2217) between its junctions with Electric Lane and Rushcroft Road. The property is located in a popular restaurant/bar destination with nearby restaurants including Franco Manca, CHICKENLiquor and a number of independent occupiers. Nearby retailers include Topshop, H & M, Sainsbury's, Boots the Chemist, WH Smith, Poundland and Superdrug. The property fronts the popular Brixton Village & Market Row markets.

Tenure

Freehold.

Location

Miles: 300m from Brixton Underground Station, 3.5 miles south-west of Central London
Roads: A3, A202
Rail: Brixton Underground (Victoria Line) and Rail Station
Air: London Airports: City (8 miles), Heathrow (15 miles), Gatwick (21 miles)

Situation

Tenure

Freehold.

Description

The property comprises a public house on ground floor, with ancillary accommodation at basement level and self-contained residential accommodation at the first and second floors. Access to the residential part is from Coldharbour Lane and the property benefits from a beer terrace to the rear of the ground floor.

VAT

VAT is not applicable to this lot.

Completion Period

Six Week Completion

EPC

The EPC will be available to view online in the solicitor’s legal pack.

Description

VAT

VAT is not applicable to this lot.

Completion Period

Six Week Completion

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	Reversion
Ground Basement First Second	Public House/AncillaryCellar Residential/Ancillary - 2 rooms, kitchen and office Residential - 4 rooms, bathroom & WC Ancillary	146.41 sq m 59.22 sq m 57.13 sq m 59.36 sq m	(1,576 sq ft) (637 sq ft) (615 sq ft) (639 sq ft)	GREENE KING NEIGHBOURHOOD ESTATE PUBS LIMITED (1)	99 years from 25/03/1937 on a full repairing and insuring lease	£135	25/03/2037
Total		322.08 sq m	(3,467 sq ft)			£135

(1) Greene King were founded in 1799 and are now the leading pub operator in the UK, running over 3,000 pubs nationwide. Greene King is made up from a number of different brands including Hungry Horse, Chef & Brewer, Farmhouse Inns and Flaming Grill as well as Greene King Local Pubs. For the year ending 3rd May 2015, Greene King Neighbourhood Estate Pubs Limited reported pre-tax profits of £7,632,000 and a total net worth of £465,587,000 - Greene King Neighbourhood Estate Pubs Limited's ultimate holding company is Greene King Plc. (Sources: www.greeneking.co.uk and Experian Group 01/09/2016).