Former Nomad, 58 Old Street, London, EC1V 9AJ

Location
The pub lies within an area administered by the London Borough of Islington, the property fronts Old Street at its junction with Golden Lane, Old Street roundabout lying approximately 570m to the east. This section of OId Street has a variety of ground floor commercial uses, including eating and drinking establishments. It is a densely built part of Central London with a range of land uses in the surrounding area, including residential and office.

The nearest underground station is Old Street. Barbican Station is approximately 460m south, with Angel Underground Station located circa 1,200 metres to the north west. This is an accessible location, with numerous bus routes passing the property.

Description
The ground and first floors have previously been used for trade purposes, the configuration of the property is as depicted on the enclosed floor plans with basement storage and second floor accommodation, including a roof terrace. The property is in need of repairs/ investment.

Services
The property is believed to be connected to all mains services although electricity is currently disconnected. To be confirmed.

Licensing
The property benefits from a Premises Licence which permits the sale of alcohol from 9:00am until 1:00am Sunday to Thursday and from 9:00am until 4:00am on Friday and Saturday.

Planning
From enquiry of the London Borough of Islington it has been established that the property is not listed as being of special architectural or historical interest, no does it lie in a Conservation Area. We understand that the property is not currently listed as an 'ACV' (Asset of Community Value).

Rating Assessment
The property is listed as a 'Public House and Premises' with a rateable value of £61,000 with effect from 1st April 2023. N.B. There is currently, for the 2023/24 billing year, a 75% discount on the amount payable.

Basis of Sale
Unconditional offers are invited for the freehold interest with vacant possession upon completion. VAT will be payable in addition to the purchase price. Any items left on site at completion will form part of the sale and no inventory listing will be provided.

Viewings & Further Information
The business is currently closed, an external inspection is recommended in the first instance.