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The Albert
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The Albert

74, St Stephens Road
London
E3 5SL
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SOLD


Location
Situated at the busy junction of St Stephens Road and the west end of the Roman Road, one of East London’s famous markets, which also has permanent shops and offices. The premises are within walking distance of Bethnal Green and Bow Road tube stations and close to the A12 link road from the North Circular Redbridge roundabout to the Blackwall Tunnel.
Trade Accommodation
Large L shaped trading area, exposed brick walls, half wall wood panelling and colonial fans within, stage to one corner, newly carpeted with quarry tiles to bar front, oak bar and brass foot rail, iron Britannia tables, high stools to bar, banquet seating, big screen television to one end, together with darts. Newly tiled ladies and gents toilets, with new fittings throughout.
Private Accommodation
First floor 2 double and 1 single bedroom. Second floor 1 double and 1 single bedroom, large basically furnished kitchen, lounge, bathroom and WC. Accommodation can be accessed via bar servery and via side entrance via rear yard to back door, then stairs up..
Tie
Tied for beers only. Free of tie for wines, spirits and minerals.
Trade
We are advised that trade is currently circa £4/5000 per week. Accounts are available to year ended March 2003. Trade in this family house has been built up over 7 years by the present lessees and is generated from the local population, those using the local shops and market, which is on Tuesday, Thursday and Saturday and through in house activities such as darts teams and weekend live entertainment..
Tenure
17 years remain on a 21 year Enterprise Lease.
Rent
£31,720 plus VAT per annum
Machines
85/15% split in favour of the lessee.
Price
We are seeking offers in the region of £55,000 for the remaining lease and all fixtures and fittings with stock at valuation in addition. The freeholders will require additional funds for deposit, advance rent and legal fees.


Viewing Details :-
After an initial discreet viewing of the trade areas only all persons who wish to view the private quarters should make an appointment via the vendors “Sole Agents” who will at this stage request proof of finance and discuss the requirements of the freeholders.
STRICTLY BY APPOINTMENT THROUGH THE VENDORS AGENTS.
YOUNG AND SMITH
Telephone 020 7709 8788     Fax 020 7709 8789

For further details on this Public House please Contact :- Martin Smith
Finance Available


Misrepresentation Act 1967
n b. the information contained in these particlars has been verified by Young & Smith staff so far as it has been possible to do so. Young & Smith believes the information is correct, objective and unambiguous and meets in all respects, the requirement of the property misdescriptions act and order
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