The Prince Edward Public House 38 Parkhurst Road Holloway London N7 0SF

The Prince Edward Public House
38 Parkhurst Road
Holloway
London
N7 0SF

Freehold Public House Investment

On the Instructions of Enterprise Inns plc
Approximately 1 mile north of Camden Town
Approximately 0.5 miles west of Arsenal Football Club's Emirates Stadium
Let to Enterprise Inns plc until 2045 (subject to option)
5 yearly reviews

Lot
42
Auction
8th July 2010
Rent
£65,000 per Annum Exclusive
Status
Withdrawn Post
Price
Auction Venue
Millennium Hotel
39-44 Grosvenor Square
Mayfair
London W1K 2HP

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Freehold Public House Investment

On the Instructions of Enterprise Inns plc
Approximately 1 mile north of Camden Town
Approximately 0.5 miles west of Arsenal Football Club's Emirates Stadium
Let to Enterprise Inns plc until 2045 (subject to option)
5 yearly reviews

Lot 42
Auction 8th July 2010
Rent £65,000 per Annum Exclusive
Status Withdrawn Post
Price
Sector
Leisure
Auction Venue
Millennium Hotel
39-44 Grosvenor Square
Mayfair
London W1K 2HP

Property Information

Location

Miles: 2 miles north of King's Cross; 3 miles north of Central London
Roads: A503, A1, A10
Rail: Holloway Road Tube (Piccadilly Line); Caledonian Road Tube (Piccadilly Line)
Air: City Airport

Situation

The property is situated close to the Nags Head shopping area on the west side of Parkhurst Road (A503) at the junction with Williamson Street in a popular residential area. Parkhurst Road forms part of the main transport route from Central London to the North-East via fashionable Camden Town. The modern Arsenal Football Club Emirates Stadium is approximately 0.5 miles to the east.

Tenure

Freehold.

Location

Miles: 2 miles north of King's Cross; 3 miles north of Central London
Roads: A503, A1, A10
Rail: Holloway Road Tube (Piccadilly Line); Caledonian Road Tube (Piccadilly Line)
Air: City Airport

Situation

Tenure

Freehold.

Description

The property comprises a PUBLIC HOUSE on the ground floor with ANCILLARY ACCOMMODATION on first and second floors.

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 with ANCILLARY ACCOMMODATION on first and second floors.

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	Review
Basement Ground First Second	Ancillary Public House Ancillary Residential	20.00 sq m (215 sq ft) 157.29 sq m (1,693 sq ft) 157.29 sq m (1,693 sq ft) 91.75 sq m (987 sq ft)	ENTERPRISE INNS PLC (1)	35 years from completion until 2045 on a full repairing and insuring lease (2)(3)	£65,000	2015 and 5 yearly
Totals		426.33 sq m (4,588 sq ft)			£65,000

(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 East Crown Limited.