July 2021: Wednesday 07 July 2021 - 9:00am
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    Key features

    • Currently let at £92,000 per annum rising by £2,000 each year every July until the 5th year
    • Rent rising to £100,000 per annum in the 5th year of the lease
    • 13 years unexpired on the lease
    • Landlord only break in 2029
    • FRI Lease
    • Site measuring 0.48 of an acre (Approximate)
    • Current lease is contracted out of the 1954 Landlord and Tenant Act
    • The site has previously been explored to be fully redeveloped into a residential led scheme comprising of 31 dwellings (subject to planning)
    • VAT is Applicable

    Description

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    Freehold site with an existing pub and associated car parking

    The Pub has been refurbished in recent years

    The pub comprises of mainly two storey brick building with associated single storey buildings used for storage as well as a beer garden located to the front and side of the property (the side garden is currently covered by a marquee). There is also 36 car parking spaces to the side and rear

    The site access from the Harrow road is used predominately by the customers of the pub while the access from Chaplin road is used for deliveries

    The plot amounts to 0.48 of an Acre and offers redevelopment potential for residential led scheme (subject to planning)

    The site could also be retained for its existing commercial use.

    Additional information

    Tenure

    Freehold

    Accommodation

    Basement - open storage area consisting of refrigerated store, boiler room and cellar flaps providing access to deliveries

    Ground - Open plan bar area with seating for approximately 120 people, separate Male, Female and Disabled WC's, Trade Kitchen, refrigerated good store, bottle store and dry good store

    First Floor - Mangers office, 12 bedrooms (some of these rooms come with en suite facilities), bathroom and WC (Serving the non en suite rooms)

    Tenancy

    Lease commencing 4th July 2019 on a 15 year term

    Landlord only break on or after the 4th July 2029 and Rolling

    Open market rent review 4th July 2024 and every 5th year anniversary


    Rent

    Total Current rent £94,000 rising by £2,000 each year to £100,000 per annum in the 5th year

    Notes

    Joint Agents

    Roy Pabari

    T: 020 8902 9662



    Please note the site areas provided are approximate. The photos and redline drawings are for illustrative purposes only and may not reflect the exact boundary of the site. Prospective purchasers must rely upon their own enquiries in this regard.

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      No set viewings will be available on this property prior to auction due to the tenants in situ. Please refer to the legal pack for further information.

      No set viewings will be available on this property prior to auction due to safety concerns within the property. Please refer to the legal pack for further information.

      There are no formal viewings for this property. You can visit during commercial trading hours as a customer.

      Local information

      The property is located on the junction between Harrow Road and Chaplin Road and is located directly opposite Barham Park which offers a Victorian Park and Walled Garden

      Shops, restaurants and leisure facilities can be found close by on High Road near Wembley Station

      Wembley Central Station is located 0.6 miles (Approximate)

      Sudbury Town station is located 0.4 miles (Approximate)

      Sudbury & Harrow road station is located 0.3 miles (Approximate)

      Transport

      Wembley Central Station - Bakerloo underground, Overground and National rail services

      Sudbury Town station - Piccadilly Underground

      Sudbury & Harrow road station -National rail services


      Legal documents

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      EPC rating

      The EPC rating for this property is C

      Guide prices and common auction conditions

      •Guide prices given are indications within 10% upwards or downwards of where the reserve price may be set at the time of going to print. Please note they are not an indication of the anticipated sale price or a valuation.

      •The reserve price is the minimum price at which the property can be sold.

      •Both the guide price and reserve price may be subject to change up to and including the day of the auction.

      •For unsold properties after an auction an Available price may be listed. This is the price that the seller(s) are looking for post auction, subject to contract and no higher offers, and has no relation to the guide prices listed prior to the auction sale.

      Please note that all prices listed, whether prior to or post auction, are subject to contract.

      The Auctioneers and sellers accept no responsibility for any loss, cost or damage that a buyer may incur as a result of relying on any guide price. It is the buyer's responsibility to decide how much they should bid for any lot. Please check with us for regular updates as guide prices are subject to change prior to the auction.

      The guide price does not include the buyer's fee charged by the auctioneer or VAT which may apply to the sale or other amounts the seller may charge. The seller's Special Conditions of Sale will state whether there are other seller's charges and whether the seller has elected to charge VAT on the sale price.

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