The Bear Public House, 397A High Road
Wembley
Middlesex
HA9 6AA

Freehold Public House Investment close to Wembley Stadium

  • Entirely let to Barracuda Pub Company Limited until 2030
  • Prominent position in sought after location some 200 metres from Wembley Central Underground and Mainline Railway Station
  • Situated within walking distance of Wembley Stadium
  • Nearby occupiers include Wilkinson, O2, Superdrug, Wetherspoons and Tesco
  • Six Week Completion Period Available
  • Lot
    14
  • Auction
    08/Dec/2011
  • Rent
    £94,000 per Annum Exclusive
  • Status
    Sold
  • Price*
    £1,250,000
  • Sector
    Leisure
  • Auction Venue
    Millennium Hotel
    44 Grosvenor Square
    London W1K 2HP
Important Update
  • Expand
  • Photos
  • Map

* More information on the term "price" can be found here

Property Information

Location
Distance
800 metres west of Wembley Stadium, 8 miles north-west of Central London
Roads
A40, A406
Rail
Wembley Central Railway and Underground Station (Bakerloo Line), Wembley Stadium Railway Station, Wembley Park Underground Station (Metropolitan and Jubilee Line)
Air
Heathrow International Airport
Situation

The property is situated in a strong trading position on the south side of High Road within walking distance of Wembley Stadium. Nearby occupiers include Wilkinson, Boots, O2, Superdrug, Tesco and Wetherspoons.

Tenure

Freehold.

Description

The property comprises a substantial public house with residential accommodation on first and second floors. The first floor, accessed internally, comprises 5 large rooms, bathroom, kitchen and store in addition to a flat with 2 rooms, kitchen and bathroom and a flat with 1 room and bathroom. The second floor benefits from a 5-room flat with kitchen, bathroom and separate WC and another studio flat.

VAT

VAT is not applicable to this lot.

EPC

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

Tenancy & Accommodation

FloorUseFloor Areas (Approx)TenantTermRent p.a.xReviews
Ground
Basement
First
Second
Retail/Public House
Cellar
Residential
Residential
363.06 sq m
37.16 sq m
170.11 sq m
152.36 sq m
(3,908 sq ft)
(400 sq ft)
(1,831 sq ft)
(1,640 sq ft)
BARRACUDA PUB
COMPANY
LIMITED (on
assignment) (1)
35 years from 09/11/1995
until 2030 on a full
repairing and insuring lease
£94,00009/11/2010 and
five yearly
Totals 

722.69 sq m

(7,779 sq ft)
  £94,000 

(1) Barracuda Pub Company Limited is a subsidiary of Barracuda Pub Group Limited. Formed in July 2000, the award-winning Barracuda Pub Group operates pubs and bars across England, Wales and Scotland under three principal trading formats: Smith & Jones, Varsity and Cape. Barracuda Pub Group's significant expansion plans have helped it to become one of the top 10 largest managed pub companies in the country. They currently trade from over 200 pubs across the UK Source: www. barracudapubgroup.co.uk). For the year ending 25th September 2010, Barracuda Pub Company Limited reported a turnover of £21,900,000, pre-tax losses of £150,000 and a net worth of £18,686,000. (Source: www.riskdisk.com 11/11/2011)

Property Documents

  • Site Plan
    Updated Date
    23.09.15
    File Size
    58 KB
    View PDF
  • Catalogue Page
    Updated Date
    23.09.15
    File Size
    266 KB
    View PDF
  • Common Auction conditions
    Updated Date
    10.06.21
    File Size
    168 KB
    View PDF
  • Memorandum of Sale
    Updated Date
    27.03.17
    File Size
    27 KB
    View PDF

Contacts

Seller's Solicitors
Glovers Solicitors LLP 6 York Street
London
W1U 6QD
Paul Jagger +44 (0)20 7935 8882pjagger@glovers.co.uk  Philip Shotter 0207 935 8882pshotter@glovers.co.uk

Useful Links

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