The Library 235 Upper Street Islington London N1 1RU

The Library
235 Upper Street
Islington
London
N1 1RU

Freehold Public House Investment

  • On the Instructions of Enterprise Inns plc
  • Fashionable North London location
  • Less than 1 mile from the Arsenal Football Club Emirates Stadium
  • Let to Enterprise Inns plc until 2045 (subject to option)
  • 5 yearly rent reviews
  • Six Week Completion Available
  • Lot
    35
  • Auction
    8th July 2010
  • Rent
    £80,000 per Annum
  • Status
    Sold
  • Price
    £1,140,000
  • Sector
    Leisure
  • Auction Venue
    Millennium Hotel
    39-44 Grosvenor Square
    Mayfair
    London W1K 2HP
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* More information on the term "guide" can be found here

Freehold Public House Investment

  • On the Instructions of Enterprise Inns plc
  • Fashionable North London location
  • Less than 1 mile from the Arsenal Football Club Emirates Stadium
  • Let to Enterprise Inns plc until 2045 (subject to option)
  • 5 yearly rent reviews
  • Six Week Completion Available
  • Lot 35
  • Auction 8th July 2010
  • Rent
  • Status Sold
  • Price £1,140,000
  • Sector
    Leisure
  • Auction Venue
    Millennium Hotel
    39-44 Grosvenor Square
    Mayfair
    London W1K 2HP

Property Information

Location
Miles
1 mile north of The Angel Islington
2 miles north of the City of London
Roads
A1, A10, A501 (Inner Ring Road)
Rail
Highbury & Islington Rail/Tube (Victoria Line)
Air
City Airport
Situation

The property is situated on the west side of the fashionable Upper Street (A1), at the junction with Laycock Street, immediately south of the busy Highbury Corner Junction and less than 1 mile south of Arsenal Football Club's Emirates Stadium. Highbury and Islington Station is some 100 metres to the north. Nearby occupiers include Oddbins, KFC, William Hill and Barclays Bank.

Tenure

Freehold.

Location
Miles
1 mile north of The Angel Islington
2 miles north of the City of London
Roads
A1, A10, A501 (Inner Ring Road)
Rail
Highbury & Islington Rail/Tube (Victoria Line)
Air
City Airport
Situation

The property is situated on the west side of the fashionable Upper Street (A1), at the junction with Laycock Street, immediately south of the busy Highbury Corner Junction and less than 1 mile south of Arsenal Football Club's Emirates Stadium. Highbury and Islington Station is some 100 metres to the north. Nearby occupiers include Oddbins, KFC, William Hill and Barclays Bank.

Tenure

Freehold.

Description

The property comprises an ATTRACTIVE PUBLIC HOUSE on ground and first floors. There is ANCILLARY ACCOMMODATION on second floor and residential accommodation on the third floor.

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 an ATTRACTIVE PUBLIC HOUSE on ground and first floors. There is ANCILLARY ACCOMMODATION on second floor and residential accommodation on the third floor.

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
Third
Ancillary
Public House
Public House
Ancillary
Residential (3 Rooms, Kitchen, Bathroom)
104.26 sq m
110.75 sq m
76.45 sq m
72.69 sq m
61.13 sq m
(1,122 sq ft)
(1,192 sq ft)
(823 sq ft)
(782 sq ft)
(658 sq ft)

ENTERPRISE
INNS PLC (1)

35 years from completion until 2045 on a full repairing and insuring lease (2)(3)

£80,000

2015 and 5 yearly
Totals  
425.28 sq m
(4,577 sq ft)
    £80,000  

(1)Enterprise Inns plc is one of the UK's leading operators of leased and tenanted pubs with 7,399 outlets, as at September 2009. For the year ended 30th September 2009, Enterprise Inns plc reported revenue of 818m, EBITDA of 445m, pre-tax profit before exceptional items of 208m and net assets of 1.365bn. (Source: Annual Report & Accounts 2009) (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 Numb Music Productions Limited.

Property Documents

  • Site Plan
    Updated Date
    16.06.10
    File Size
    80 KB
    View PDF
  • Catalogue Page
    Updated Date
    16.06.10
    File Size
    394 KB
    View PDF
  • Special Conditions
    Updated Date
    24.06.10
    File Size
    166 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

Acuitus
John MehtabJohn Mehtab +44 (0)20 7034 4855 +44 (0)7899 060 519john.mehtab@acuitus.co.uk
Seller's Solicitors
Addleshaw Goddard LLP Milton Gate60 Chiswell Street
London
EC1Y 4AG
+44 (0)20 7606 4390
Sarah Worker +44 (0)20 7160 3273sarah.worker@addleshawgoddard.com

Useful Links

Acuitus Finance
Stuart BuchananStuart Buchanan +44 (0)20 7034 4850 +44 (0)7879 432868stuart.buchanan@acuitus.co.uk

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