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London N16 7HU Click here for Map |
| Location Situated on the very busy northern end of Stock Newington High Street one way system, close to the junction with Church Street, which has become a road of up market bars, restaurants and shops. |
| Accommodation Ground Floor - Trade Area: Large bar with stripped wooden floor, central servery, two lobbied entrances and one fire escape. Many original Victorian features. DJ booth, stage, two big screen televisions (rented) plus two plasma screens. Cellar - below ground area, cold room/beer storage). First floor– Reasonably well fitted kitchen. N.B. THERE IS ONE DOUBLE BEDROOM AND KITCHEN INCLUDED FOR STAFF ACCOMMODATION ON THE FIRST FLOOR |
| Licences This bar operates a 5 am licence 7 days per week, with this being the only bar in the area that has that late a licence. There are some stipulations to this such as: No live music after 12am Sunday -- Thursday. No live music after 2am Friday & Saturday |
| Trade The present lessee has been in situ since November 2001 and can produce accounts detailing the declared turnover. We are advised that the present trade is as follows: wet £10,500 per week producing a 60% gross profit due to FREE OF TIE. Machines - We are advised that these have very high usage and the average net income is £1000 per week. The present lessee is selling this unit to raise funds for another venture and for no other reason. This unit has a very high turnover and profit, but still has scope for improvement . Due to its Location and FREE OF TIE lease, it may suit a variety of licensed uses. |
| Tenure 10 years remaining on a 12 1/2 year FREE OF TIE, full repairing and insuring lease granted in November 2002. Landlord responsible for outside decoration and lighting. |
| Tie Free of all trading ties |
| Rent £96,600 per annum. Next review 2010 |
| Price Offers are invited in the region of £100,000 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 :- 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 |
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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 |