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Prince Regent
 

Prince Regent

81, Salmon Lane
Stepney
London
E14 7PR

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SOLD


Location
Situated on Salmon Lane which runs parallel to the A13 Commercial Road and a short walk from Stepney East Station and the Rotherhithe Tunnel entrance. The pub is surrounded by a pleasant area of Victorian terraced squares and streets and close to some light industrial units.
Trade Accommodation
Ground floor - Bar area, galley style kitchen (washing macine, tumble dryer, gas cooker and microwave), small yard for rubbish bins. First floor - L shaped lounge (sofas, table and chairs, carpets and curtains), kitchen/dining area (in need of completion), bathroom (bath/shower, WC, basin). .
Private Accommodation
Second floor - two bedrooms.
Tie
FREE OF ALL TRADING TIES
Tenure
10 year non assignable, non renewable tenancy with 6 month notice clause. All interior alterations and external redecoration to be subject to landlords approval. Tenant to pay rent, rates, council tax, building insurance in addition to own contents/public liability etc and to pay all other running costs to include gas, electric, phone etc. The advertising board income and the garage and outbuilding from the yard are not included in the tenancy.
Rent
£20,000 per annum (£384.62 pw) payable monthly in advance.
Ingoings
Inventory premium £15,000
Security Deposit £3,000
Stock and glassware £3,500

Sub Total        

£21,500
Advance rent & insurance £1,743.42
Young & Smith professional fees £ 2,350.00 (inc VAT)
Court fees £72.00

Total        

£25,665.42
Insurance
£921 per annum (buildings) payable monthly in advance.
Hours
The present tenant has operated these premises since March 2001 with her chosen hours limited to Friday 7 p.m.—11 p.m. Saturday 8 p.m.—11 p.m. and Sundays 12 p.m.—8 p.m. The premises would benefit from longer opening hours and new enthusiasm and ideas.


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
Finance Available


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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