SOLD

Location
Situated at one end of the very busy Watford High Street, which is an area of shops, supermarkets, pubs, clubs, restaurants, offices and businesses.
The area is home to many of the brewery industry multiples such as Yates, Jongleurs/walkabout, O’ Neills, Bar Med, Chicago Rock Cafe.

Accommodation
Ground Floor:
The premises have a contemporary feel, within a substantial building providing many original features. The main feature is the modern solid oak bar counter and back fittings, complemented by customised chrome beer fonts, and stainless steel bar top beer drainers, large stainless steel bottle and glass freezer chests, glass washer, coffee machine and fridges, and complimented by a mirror and plate glass shelf display.
Combination of flagstone and flat board flooring, variety of period table and chairs, leather sofas, chrome/leather bar counter stools.
Open gallery style “pizza” kitchen to far end, door to outside “L” shaped decked standing and seating area with well stocked flower planters which is currently used but unlicensed.
To the rear left of the bar is a door to the disabled WC, stairs to First floor 2 room office, fully tiled and well equipped ladies and gents toilets and staff room.
Adjacent to the stairs on the Ground Floor is the access to the kitchen area, comprising wash up area and utility room that lead to the open plan kitchen with pizza oven, fridge freezers and other equipment.

Rear door leads to cold room/cellar, with rear double doors to exterior stairs down from the bar, provide boiler room and 2 store rooms.

Tie
Tied for beers only. Free of Ties, Wines, Spirits and Minerals. Present operator does not have machines on site..

Trade
Although only trading from 5pm-11pm Monday to Saturday and 5pm-10.30pm on Sundays, the premises have a regular mid 30’s and professional clientele, who are drawn to this wine bar style operation, that has no modern day big screen, sports orientated gimmicks.
We are advised that trade averages £8,000 per weeks (Wet Sales)
Accounts that were available reflect the following:.

Year Ending	31.12.2003	30.09.2001
Sales Liquor & Food	372,154	405,765
Gross Profit	182,142	224,303
Net Profit	13,391	64,335

There is a excellent scope for growth through increased opening hours both daytime, and up until 1 / 2am to match other pub operations.

Tenure
5 Years remain on a 10 year Vanguard Lease, now operated by Punch Pub Co.

Rent
£49,000 plus VAT (Fixed to the end of the lease term)

History
Present leasee insitu 5 years, having developed the site in it’s present image, from it’s previous “scruffy Murphy's” managed house operation.

Price
We are seeking £180,000 for the remaining lease to include goodwill and fixtures and fittings with stock at valuation.
The freeholders Punch Pub Co will require additional funds for security deposit, advance rent, legal fees and training 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

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

Back to Lease Assignments