THE OLD RED LION.LEACROFT.STAINES.TW184PB

LOCATION: 

Attractive 2 storey building dating back to 1610.Set amongst residential properties,office blocks,within a short walk from staines br station,and the local courts and council offices.,on the fringes of staines town centre. 
TENURE:

12.5 years remaining on an original 30 year lease ,now owned and operated by Enterprise inns plc.
REPAIRS:

Full Repairing and Insuring Lease.
RENT:

£55000.00 per annum with  reviews every 5 years,the next being 2013.
TIE:
 
Tied for all Beer products subject to discounts.Current barrelage circa 400 barrels..Barrel [36 gallons].
FREE OF TIE for wines,spirits and minerals.
     
PREMISES LICENCE:

The sale of alcohol is allowed as follows:
 Monday to Thursday –10.00-00.00
        Friday and Saturday - 10.00-01.00
 Sunday                   - 10.00-00.00
OPENING HOURS:

        Monday to Saturday- 11.00-23.00
        Sunday                  - 12.00-22.30
Food is served 12.00-14.15 Monday to Saturday.There is no evening or Sunday food operation.
TRADE LEVEL:

We are advised that the premises trade circa 400 barrels.
The average weekly wet takings are £8000 and the food £650.
We are in possession of accounts to year end 30.9.09 that detail the following
Takings     £401788 achieving a gross profit of 59%.
Net profit   £ 61884
The present leasee has been insitu since September 1993,and it is run as a traditional public house,appealing to those who like a good pint,pub grub,good conversation and a game of darts,which are many of the assets lost in modern day pubs.The pub is at its busiest lunchtime and early evening,with many regular customers being within walking distance.
The business could be further improved with extending opening hours,and those for food.
ACCOMMODATION:

Trade - Ground Floor.Lobbied entrance leads you to a single bar,with many original period features,wood clad bar,whitewash and beams to walls and low ceiling,carpeted throughout,combination of pew seating,low stools,high stools to bar and poseur tables,black enamel gas realeffect fires,ladies and gents toilets to one end,with separate darts area to the other.Reasonably well equipped servery,with 1x double,
1x triple bottle cabinets,till,glasswasher and glass fronted food display.
            Doors from servery to
            Private quarters.
            Cold room for beers,and 2 fridge/freezers.door to rear yard.
            Kitchen.small compact area,altro flooring,basic units,double sink and drainer,upright fridge    freezer,grill ,2x tabletop deepfat fryers,2x microwaves and oven/grill.door leading into
            Ground floor living room with further lobbied door to rear yard.,and door to private quarters.
            Stairs up to first floor.private accommodation comprising 3x double bedrooms and bathroom[bath,basin,wc,shower cubicle] .Conversion of 1 bedroom into a kitchen/living area,could lead to a more private life,and possible extension of the kitchen into the ground floor living area.
Outside– Rear yard incorporating 1x bottle shed,1x freezer/dry goods shed,2x storage sheds.
               Large grassed private garden.    Access via double vehicular and pedestrian gates to side road.
               Frontage ,carparking for 8 cars and picnic bench seating,side grassed enclosed beer garden.
                        
            
 
            Lobby with doors back into toilets,and further door to
            kitchen..basic fittings of 6 burner oven,lincat griddle,falcon grill,deep fat fryer,microwave,upright         fridge,stainless steel surfaces,double sink and drainer,and wash hand basin.
            Door to rear covered garage/bottle store,office[cctv monitor],and boiler room.
            Door to rear of bar lobby,with private door out to carpark and stairs up to
            First floor:private accommodation comprising bathroom/wc,kitchen[basic fittings] and 5 double    bedrooms.
            Rear patio area,large covered decked smoking shelter with benches overlooking a large grassed trade garden.
            Carpark to side and rear of premises.

         The entire premises have lacked investment in recent years,but appear structurally sound,and are in need of redecoration more than anything else, to make them more appealing to a wider audience.

PRICE:
We are seeking offers in the region of £95000 for the remaining leasehold interest,the profitable
 Business,the potential for improvement,to include the inventory of fixtures and fittings,with stock and glassware in addition at valuation.
The freeholders will require additional funds to cover payment of a deposit[based on 3 months rent],one months advance rent,with additional funds for legal fees and working capital.