Property description

Large A4 pub with 5 bedroom flat!-TO LET/LEASE ASSIGNMENT

Key Features
Large pub
A4 license
Outside seating
5 bedroom flat above
Excellent residential income
       
Description
This is a beautifully presented pub, located 5 minutes from Hoxton station. It consists of ground floor and outside drinking terrace. It benefits from the 5 bedroom flat located directly above. We have been advised that the flat is currently generating income of approximately £26,640 per annum. We have been advised by our client that the annual turnaround is £200,000 and annual net profit of £30,000.  

Hoxton station (Overground) is 0.4 miles away, providing convenient connection to the rest of the London underground. The area is also easily accessible by car via A10 and A5201.

Accommodation
Ground floor:
Width/Frontage:” approx
Depth:“approx
Shop size: 1442sqft approx

Outside terrace:
Width/Frontage:” approx
Depth:“approx
Shop size: sqft approx

Total accommodation size: 1442sqft approx

Lease Term/Commencement
Our client wishes to assign original lease which has 9 years remaining. We have been advised by our client that the rent reviews are every 5 years. Next rent review due in 4 years time.

Rent
£23,000 per annum.

Premium
£135,000. ? New Premium: £125,000

Legal Fees/Cost
Each party is to bear their own legal cost.

Rates
We have been advised that the current business rates are £16,500 pa. However, all interested parties are encouraged to make their own enquiries with the Borough of Hackney.

Viewings
By prior appointment through sole selling agents Ranson UK LTD.
Email: enquiries@ranson.co.uk
Tel: 0207 538 4057

Disclaimer
Ranson UK Limited their clients and any joint agents give notice that:
1. They have no authority to make or give any representations or warranties in relation to the property. These particulars do not form part of any offer or contract and must not be relied upon as statements or representations of fact.
 
2. Any areas, measurements or distances are approximate. The text, photographs and plans are for guidance only and are not necessarily comprehensive. It should not be assumed that the property has all necessary planning, building regulation or other consents and Ranson UK Limited have not tested any services, equipment or facilities. Purchasers must satisfy themselves by inspection or otherwise
        

Property Features :

• Large pub
• A4 license
• Outside seating
• 5 bedroom flat above
• Excellent residential income