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22, The Village Charlton London SE7 8UD Click here for Map |
| Location Situated in this unique area of South London, set amongst a High Street of shops and offices. This large attractive building is in a densely populated residential area, within walking distance of Charlton Football Club and a short drive from the Blackwall Tunnel approach road. |
| Accommodation Ground Floor: 2 large trading areas with central servery, carpeted, banquet seating throughout plus table and chair seating. Many original features including stained glass windows. Double doors from saloon bars to rear trade garden. Ladies WC in saloon side with gents accessed from both. Servery with small catering kitchen to rear. Private access to large living room and further large kitchen with utility store, toilet and access to rear trade garden. Outside: very large trade garden under huge willow tree with further screened and gated area to rear. Outbuilding/store off garden and large double gate access for deliveries to side alley providing parking for 3 cars. First floor: Large bedroom, ex clubroom, ladies WC. Managers flat comprising living/shower room, bedroom. Large office, store room, bathroom, large room. |
| Premises Licence Hours Monday - Saturday - 11 am - 12.30 am, plus 30 minutes drinking up time. Sunday - 12 noon - 12.30 am plus 30 minutes drinking up time. |
| Tie Tied for beers and cider. Free of tie for wines, spirits and minerals. |
| Trade We are advised that the wet trade averages between £5000—£6000 per week with machines in addition. The catering operation has currently ceased but was previously franchised out with reported sales of £400 per week. Due to the close proximity of Charlton Football Club, trade on match days can increase by £2000, due to the influx of between 300/400 people, Currently the pub appeals to the older local clientele, but due to the size, location and potential at this site the trade could be driven in a variety of directions. |
| Tenure 6 years on a 10 year Bass lease renewed on 3.4.2002. Now operated by Punch Pub Company. We are advised that Punch will offer a new Punch Growth Lease for no extra premium subject to terms. |
| Rent £52,000 per annum. Next review April 2012. |
| Rates £14,255.90p |
| History The premises have been operated by the present lessee, as a second pub, for the last 4 years. He has employed several managers over this period and they have all proved to be sub standard. The problems related to these managers has affected the lessees family life and it is for these reasons that he is reluctantly leaving. We understand that Punch have a proposed scheme which may include a “new bar and fittings, kitchen, toilets and new doors to the garden”, with the offer of a new 30 year growth lease, for no extra premium. A smoking area to be constructed by Punch in garden. |
| Price We are seeking £75.000 for the remaining lease and goodwill to include all fixtures and fittings. Stock and Glassware in addition at valuation. The freeholders, Punch Pub Co will require additional funds to cover security deposit (based on 25% of the annual rent) £13,000, advance rent (1/12) and legal fees. |
| 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 |