February 2023: Tuesday 07 February 2023 - 9:00am
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    Key features

    • To be offered at a later auction
    • Upper floors let at £54,000 p.a.
    • Hots agreed to let the ground and Basement at £42,000 p.a. (please refer to the legal pack)
    • Prominent, period pub situated within affluent residential area
    • Total gross internal area approx. 433 sq m (4,660 sq ft)
    • Self-contained access to the upper parts off Grafton Terrace

    Description

    An imposing corner, end of terraced three storey property built over part basement, beneath a parapet wall with a single storey flat roof extension to the rear. The building benefits from self-contained access to the upper parts off its Grafton Terrace frontage.


    The property historically held a Premises Licence which permitted the sale of alcohol from 11:00am until 10:30pm on Sunday, from 11:00am until midnight on Monday to Thursday and from 11:00am until 1:00am on Friday and Saturday.

    Additional information

    Tenure

    Freehold.

    Accommodation

    Savills has not internally inspected the property, but we have been advised that the property comprises of the following.


    Ground Floor - Open plan trading area decorated in a traditional style, fitted with a central “U” shape bar servery, wood panelled walls, a kitchenette and a set of customer WC’s to the rear.


    Basement - Cold beer store and ancillary storage areas.


    First Floor - Four rooms and a WC on the half-landing.


    Second Floor - Four rooms with communal washing facilities comprising 4 x shower cubicles, 3 x wash hand basins and 1 x WC.


    We have been advised that the property has the following approximate gross internal floor areas:-


    Ground Floor - 123 sq m (1,323 sq ft)

    First Floor 89 sq m (957 sq ft)

    Second Floor - 81 sq m (877 sq ft)

    Basement - 140 sq m (1,506 sq ft)


    Total - 433 sq m (4,667 sq ft)


    Tenancy

    Ground and Basement

    • Hots agreed to let the ground and basement for £42,000 p.a. (please refer to the legal pack)

    First and Second Floor

    • Let to Homes 51 Ltd
    • 5 year lease from 10/09/2022 to 09/09/2027
    • 3 months rent free
    • Investment Let at £54,000 p.a.

    Rent

    £54,000 p.a.

    Notes

    Joint Auctioneer

    

    Panayiotis Themistocli

    panayiotis.themistocli@agg.uk.com

    M: 07973 856 232


    Please note the site areas provided are approximate. The photos and yellow line drawings are for illustrative purposes only and may not reflect the exact boundary of the site. The property has not been internally inspected by Savills. Prospective purchasers must rely upon their own enquiries in this regard.

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      All viewings at this property have now taken place prior to the auction. For further information on the property please download the legal pack or email the property contact.

      Savills are not holding any viewings for this property. For further information please download the legal pack or email the relevant Savills Contact directly.

      Viewings are in the process of being finalised and will be online shortly, please click here for a notification when they go online.

      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 pub lies within an area administered by the London Borough of Camden approximately five kilometres (three miles) north of central London (Charing Cross).

      The heart of Camden Town and the Regent’s Canal lie circa one kilometre (¾ of a mile) to the south east.

      The affluent residential neighbourhoods of Hampstead, Belsize Park, Primrose Hill and Regent’s Park are all located within 1500 metres of the pub.

      The building fronts Southampton Road at its junction with Grafton Terrace, the surrounding area comprises predominantly attractive period terraced houses of high value and good quality.

      A five storey residential block lies opposite which will provide 51 new flats (currently under construction).

      Transport

      Underground - Belsize Park (Northern Line)

      Legal documents

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      EPC rating

      If no EPC rating appears please refer to the legal pack.

      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.

      Addendums