SOLD

Location
Corner site situated on West Green Road, which is a few hundred yards from the A105 Green Lanes and the nearby turnpike Lane tube station, which is at the southern end of Wood Green High Road.

Accommodation
Ground: Fair sized “L” shaped bar in two areas.
Lower bar pool table and darts area, traditional décor, carpeted. Ladies and Gents toilets.
Upper Area: Similar décor and furnishings with table and chair seating . “L” shaped servery to both areas.
First Floor: Kitchen, 2 double bedrooms and bathroom

Second Floor: Small gallery, kitchen, 3 double bedrooms , bathroom and WC.

Tie
Tied for beers.
Free of tie for wines, spirits and minerals.
Barrelage has declined recently due to management problems.
To December 2001          219 Beer barrels
To December 2002          170 Beer barrels
To December 2003          127 beer barrels

Trade
We are advised that the wet turnover also reflects the decline and averages as follows:
2001                  £5,500 per week
2003                  £4,500 per week
Currently          £3,000 per week

There is machine income in addition, and the possibility for some letting income.

Tenure
30 year Unique Pub co lease, granted in March 1999.

Rent
Currently £24,000 per annum, increasing to £26,000 per annum on 26th March 2004, and thereafter fixed until review on 26th March 2009.

History
The present leasee acquired the lease by assignment in February 2001, but due to staffing issues, and this property being on the fringes of this small managed estate, he now wishes to dispose of his interest.

Price
We are seeking £80,000 for the remaining leasehold interest to include all fixtures and fittings plus SAV.

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

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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