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Stepney Green E1 4AA Click here for Map |
| Location Prominent position at the junction of Mile End Road and Globe Road, adjacent to Stepney Green Underground Station, and a short walk from the home of Queen Mary College and it’s thousands of students. |
| Trade Accommodation Long single bar, wooden floor, toilets to far end, occasional table & chair and banquet seating throughout |
| Private Accommodation First floor: Private accommodation comprising: Lounge, bathroom, kitchen, 4 bedrooms, and sky light access to flat roof. |
| Tie Full tie for Beers, Wines, Spirits and Minerals. |
| Trade We have had sight of management accounts and turnover currently averages £3800 pw (gross), with the annual turnover for year ending 25.12.2004 totalling £234,000. These premises are currently run under management, but would better suit an owner operator. Due to the first floor kitchen there is currently no food offer, and it is thought that the introduction of food would greatly enhance trade. |
| Tenure 7 years remaining on a 10 year Charles Wells assignable lease, signed in November 2002. |
| Rent £23000 pa. Review due November 2005, already agreed with the following changes, from November 2005 £24500 pa 2006 £25500 pa 2007 £26500 pa |
| Licence Full On Licence with traditional hours. A new operator may consider that later hours would be beneficial, and seek to vary the premises licence. |
| Machines Income split 60/40 in favour of the leasee after usual expenses. |
| Price We are seeking offers in the region of £59,000 to include trade fixtures and fittings with stock at valuation in addition. |
| 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 |