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West Ham London E13 9JH Click here for Map |
| Location Situated on the very busy Barking Road at the junction of Prince Regent Lane, amongst local shops and businesses and within a short walk of West Ham United Football Club. |
| Trade Accommodation Ground Floor - One very large bar, servery to length of bar, 2 entrances on to Prince Regents Lane, part carpeted plus wooden dance floor, traditional décor, colonial style fans and big screen television. Servery incorporates dumb waiter to first floor kitchen. Ladies and Gents toilets to both ends of the bar. |
| Private Accommodation First floor - Self contained area of three rooms. Self contained flat comprising 2 bedrooms, living space, bathroom, kitchen. Commercial kitchen, galley style, compact but well fitted with dumb waiter. Second floor - 3 bedrooms, kitchen, bathroom, WC, lounge and two other rooms. The upper floors can be accessed separately from an entrance on Prince Regent Lane. |
Tie Tied for beer draught and bottled. Free of tie for wines, spirits and minerals. |
| Trade As the lessees have been trading for only 18 months, they do not currently have Accounts to verify the trade. However we are advised by Unique Pub Co that they can provide evidence of the barrelage with a current MAT of 360 total beer barrels and substantial wines and spirit sales. In addition we are hoping to have copy VAT returns to verify the turnover. We are advised that the trade is as follows: Gross Wet Sales £7500/8000 per week with increases of £2/3,000 on West Ham match days and evenings. Net machine income £4/500 per week (one third share). There is thought to be scope to improve trade by increasing the trading hours available, Introducing a food trade and having new enthusiasm to exploit the business further. |
| Licence Full Justices on Licence. Public Entertainment Licence and Section 77 Special Hours Certificate. Sunday to Wednesday - 12 pm. Thursday to Saturday 2 a.m. Licensed for 260 persons. The above late licences were obtained in the last six months but are currently only used Friday and Saturday and the occasional Thursday. |
| Tenure 28 + years remaining on a 30 year Unique Pub Co lease. |
| History The present lessees have been in situ for 4 1/2 years as licensees. They previously managed the business for Bass, then Voyager, prior to acquiring the lease themselves 18 months ago. The pressure of a new family is forcing the lessees to leave the trade and sell their leasehold interest. |
| Rent £32,000 per annum until next review October 1996. We are advised that this may be discounted by £1000 per annum due to the siting of a vodaphone aerial above the premises. |
| Price We are seeking £249,000 for the remaining lease and goodwill to include all fixtures and fittings with stock and glassware in addition at valuation. The purchaser may require additional funds to pay the freeholder for a security deposit, advance rent, course fees and legal fees. |
| Viewing Details :- YOUNG AND SMITH Telephone 020 7709 8788 Fax 020 7709 8789 For further details on this Public House please Contact :- Martin Smith |
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| 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 |