2 bedroom pub for sale

The Fox, 28 Paul Street, London, EC2A

Sold STC POA

Property Description

Commercial information

  • Use class orders: A4 Drinking Establishments

Key features

  • Public house in Shoreditch location
  • Ground floor bar & first floor restaurant plus dining room
  • Owner's/staff flat available
  • Established 5-day week business 1:00am sale of alcohol licence
  • Premium required - £POA

Full description

Tenure: Leasehold

Location
The property occupies a prominent position at the corner of Paul Street and Scrutton Street in the sought-after Shoreditch area in London's City Fringe. The immediate area comprises a mix of pub, bar, restaurant and late night operators alongside independent retailers and a high concentration of mixed use office space. The area is well known for attracting clientele from the surrounding creative hubs on Old Street and Shoreditch as well as the established finance district around Liverpool Street. The Fox is located just south of Shoreditch Triangle. Distances (by foot) to the following transport hubs are; Old Street Underground/Overground station 0.3 miles (450 metres) to the north-west, Liverpool Street Underground/Mainline station and Broadgate Circle 0.4 miles (600 metres) to the south, Shoreditch High Street station 0.4 miles (650 metres) to the east. The area is under the
administration of the London Borough of Hackney.

Property Description
The Fox is an imposing period property arranged over basement, ground and four upper floors occupying a prominent corner location. The property is of mainly brick construction with features
including a roof terrace over the first floor level to the Scrutton Street return frontage.

Internal Description
The main trading area is located at ground floor level with features including a prominent central bar servery. Ancillary space at ground floor level includes accessible WC's. Located at first floor
level is a restaurant area (40 seated covers) with roof terrace. The second floor comprises trade kitchen and private dining room (12). The third floor includes private flat and storage. The
fourth floor comprises of offices and further storage space. The basement comprises cold room, cellar storage and ladies and gents WCs.

External Description
In addition to the roof terrace located at first floor level, we understand that vertical drinking is permitted to the front of the premises at street level.

The Business
The Fox operates as a public house that offers customers a carefully selected beers and wines complemented by simple, straightforward cooking from the bar, a la carte dining in the
restaurant and highly personal service in their intimate private dining room. The business benefits from local custom as well and being a 'destination' location in its own right. The business
operates Monday to Friday 12:00-15:00 and is closed Saturday and Sunday. The kitchen opening times are Monday to Friday 12:00-15:00 and 18:00-22:00. An indication of trade levels is available on request, however will not be warranted. We understand wet and dry sales are split
80%/20%. For more information please visit www.thefoxpublichouse.co.uk

Tenure
We understand the premises are held on the remainder of a 30 year lease from Enterprise Inns commencing 12th October 2000 (expiring in 2030) and is renewable within the 1954 Landlord and
Tenant Act (Part II). We understand the current rent is £63,000 per annum exclusive. The pub is tied on draught lager, ale and cider. The tie release fee for packaged beer is £2,550 pax and for
packaged cider is £1,000 pax. The lease is already free of tie on wines, spirits, and minerals. We understand that rent reviews are every five years for the next in 2020.

Planning
We have made enquiries of the Local Authority and understand the property currently benefits from Class A4 use and is not listed.

Licensing
The property has been granted a Premises Licence in accordance with the Licensing
Act 2003. We understand that the pub is permitted to sell alcohol Monday to
Sunday 12:00-01:00. Other licensable activities are permitted.

Rating
The subject property is entered in the 2017 Rating List with a Rateable Value of £72,600. Transitional relief will apply.

Fixtures and Fittings
Fixtures and fittings that are owned outright by the business are included in the sale.

Energy Performance Certificate
A G-161 Rating has been calculated. (For the purposes of the EPC, we understand
the total usable floor area is 412 sq m/4,434 sq ft).

Viewing
For a formal viewing, strictly by appointment with Savills. Staff are not aware of the sale so please be discreet if visiting as a customer.


Energy Performance Certificates (EPCs)

Nearest stations

  • Old Street (0.2 mi)
  • Shoreditch High Street (0.3 mi)
  • Liverpool Street (0.4 mi)
Distances are straight line measurements from centre of postcode

To view this property or request more details, contact:

Savills , Southampton Leisure

2 Charlotte Place, Southampton, SO14 0TB

02382 200145 Local call rate

How much will it cost me to call the number displayed on the site?

Standard geographic charges from landlines and mobiles apply and calls may be included in your telecom provider's call package.

Map & Street View

Nearest stations

  • Old Street (0.2 mi)
  • Shoreditch High Street (0.3 mi)
  • Liverpool Street (0.4 mi)
Distances are straight line measurements from centre of postcode

To view this property or request more details, contact:

Savills , Southampton Leisure

2 Charlotte Place, Southampton, SO14 0TB

02382 200145 Local call rate

How much will it cost me to call the number displayed on the site?

Standard geographic charges from landlines and mobiles apply and calls may be included in your telecom provider's call package.

Disclaimer - Property reference CBTHEFOX. The information displayed about this property comprises a property advertisement. Rightmove.co.uk makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and Rightmove has no control over the content. This property advertisement does not constitute property particulars. The information is provided and maintained by Savills , Southampton Leisure. Please contact the selling agent or developer directly to obtain any information which may be available under the terms of The Energy Performance of Buildings (Certificates and Inspections) (England and Wales) Regulations 2007 or the Home Report if in relation to a residential property in Scotland.

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