SOLD

Location
Two Storey period building with rear extension on a large plot situated at the end of a terrace of Victorian cottages and amongst a residential area, within walking distance of High street shops, and close to tourist areas of Greenwich, the Dome, and within a short distance of the Blackwall Tunnel.

Accommodation
Ground:
One Bar, central servery, carpeted, abundance of bric and brac, pictures and paintings to walls, traditional décor and substantial furniture, double doors to Marquee providing wooden decking floor, 32 covers with separate music and heating systems, access to:
Restaurant
With 42 covers, Flagstone Floor, brick built, abundance of bric and brac waitress service area for coffee/desserts. Well equipped open gallery kitchen. Door to Pagoda off marquee with grapevine covering 8 picnics benches/tables, and within the gardens are an Avery, with cockatiels and parakeets and a fishpond.
Further extensive garden area which is currently unused but could be developed.
Servery
Well equipped “L” shaped, door to cellar providing cold room for beer, walk in meat & Vegetable chiller for food, main delivery area and store area.

First Floor:
Lounge with wooden door and electric feature fire place; door to master bedroom carpeted with fitted wardrobe; 3rd bedroom/office. 2nd bedroom with double doors and steps to Flat Roof; Bathroom with shower, basin, WC and toilet; kitchen with fitted units, works surfaces and boiler for central heating/hot water.

Tie
Tied for Beer only Free of Tie, wines, spirits minerals and Alco pops

Trade
We are advised that the trade is averaging £4,500 - £5,000 wet & dry per week, however good weather improves trade dramatically due to the large garden, and marquee that doubles the restaurant covers.
Trade is generated from local residents, commuters from Maze Hill Station and others that have supported this popular traditionally run pub.
Trade has been affected by the closure of Greenwich Hospital 2 years ago with the loss of large numbers of workers in the area, however redevelopment of the Hospital is with planners, and the medical workers accommodation is being developed into luxury apartments.
This is an excellent opportunity to expand this business with new enthusiasm and energy, within a traditional period building, through good service, good products and possibly a new food offering.

Tenure
3 1/1 years remaining on a 10 year Bass Lease, which is both renewable and assignable, and now owned by Punch Taverns.

Rent
£26,500 last reviewed June 2003

Machines
100% income to leasee after usual expenses.

History
The present leasees have been insitu for 10 years, and are retiring after 28 years in the trade.

Licences
Justices Full On Licence with supper Licence.

Price
We are seeking £139,500 for the remaining lease to include all remaining fixtures and fittings, with SAV in addition.

The Freeholders may require additional funds for deposit, 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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