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Town of Ramsgate
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Town of Ramsgate

62, Wapping High Street
London
E1W 2pn
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SOLD


Location
Situated on this historic Thames side site these 500 year old premises are adjacent to the Wapping old stairs which are famous for Captain Blye leaving for the Americas and for Judge Jeffries who was caught in the pub and taken to the Tower of London. The premises are within walking distance of St Katherines Dock and set amongst luxury warehouse converted flats.
Accommodation
Ground - Long narrow shape to this historic bar, carpeted, banquet seating, table and chair seating. Toilets to far end doors to outside patio with further seating for 40+ with views over the Thames.
First floor - Lounge, bathroom (bath, basin, WC), large office, corridor to large commercial kitchen including 6 burner gas oven, hob, twin deep fat fryers, microwaves, griddle, fridge/ freezers and dumb waiter to bar servery.
Second floor - 2 double bedrooms, laundry room
Third floor - 2 double bedrooms
Tie
Tied for beers. Free of tie wines, spirits and minerals.
Trade
Popular venue with locals, residents, tourists, local and city office workers and those using the nearby John Orwell Sports Centre often used for TV and filming and frequented by local celebrities.
Food trade is presently Tuesday to Sunday lunchtimes only, but offer huge potential to provide evening meals.
Trading times 12 midday to 11 pm
We are advised that trade averages £6500-£8500 per week.
Accounts to 31.1.2003 show sales of £250,698 producing a net profit of £40,529..
Tenure
27+ years remain on a 30 year Voyager FRI lease acquired in February 2002.
Rent
£46,000 per annum index linked annually, reviewable every 5 years.
Price
We are seeking offers in the region of £240,000 for this valuable well situated lease. The premises are being reluctantly sold due solely to the ill health of one of the lessees, who because she has been away from the business since January, the smooth running, staff levels and ultimately the profit have all been affected but trade is still very good and the business huge potential for increase from persons with new enthusiasm..


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
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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