5 bedroom pub for sale

Waverley Arms, 202 Ivydale Road, London, SE15

Under Offer £150,000

Property Description

Commercial information

  • Use class orders: A4 Drinking Establishments

Key features

  • Public House - Premium 150,000
  • Attractive Victorian pub in sought after residential area
  • Ground floor bar (75) and terraces (70)
  • Popular independent venue
  • 60/40 drink/food sales split
  • Well-presented five bedroom accommodation
  • May suit start-up or established pub operators

Full description

Tenure: Leasehold

Location
The subject property is located in the south London suburb
of Nunhead which is 5.5 miles (9 kms) south-east of Central
London. Surrounding the area are Brockley, Crofton Park,
Honor Oak and Peckham Rye. The pub occupies a prominent
location on the corner of Limesford Road at the south-east
corner of Nunhead Cemetery and within a predominantly
densely populated residential area.

The area is served by mainline train stations located at Brockley
and Nunhead; the latter located approximately 750 metres
to the north. Both stations provide direct connections to
London Victoria and Blackfriars within 20 minutes. The area is
administered by the London Borough of Southwark.

Property Description
An end-terrace public house constructed over basement,
ground and two upper floors of mainly brick construction
with a single storey flat roof extension to the rear.

Internal Description
Customer trade areas are located on the ground floor with
a public bar with central servery located to the front and a
separate section located to the rear which benefits from a
roof lantern above. Features include wood flooring, prominent
central servery and wood burning fireplaces. Ancillary
accommodation includes ladies' and gent's WC's. A trade
kitchen is located to the rear.

We understand the approximate ground floor Gross Internal
Area (GIA) is 202 sq m (2,174 sq ft).

Accommodation
At first floor level is a bedroom, reception, private kitchen,
bathroom and WC. Ancillary space includes office and store
room. At second floor level there are four bedrooms and access
is provided internally.

External Description
Two customer areas are provided. Located to the rear is
an enclosed beer garden with seating for approximately 30
customers. To the front is a beer terrace providing seating for a
further 30 customers.

The Business
The Waverley Arms that has existed within the community for
over 100 years. The current trading styles and character are a
blend of a modern local within a distinct traditional feel. Sales
are split approximately 60% drink and 40% food; the food
menu includes burgers and ribs with classic Sunday roasts.
An indication of trade levels will be provided but not warranted.
For more information on the business, please visit
www.waverleyarms.com

Tenure
Leasehold. We understand the premises are held on the
remainder of an initial 10 year lease from 3 March 2011;
a new 10 year reversionary lease is granted from 3 March
2021. We understand the current passing rent is £37,656
per annum exclusive. The next rent review is on expiry. The
rent commencing 3 March 2021 will be £40,400 per annum
exclusive. The lease is tied on draught and bottled beers,
ales and ciders with price discount and "free of tie" incentives
available. Interested parties will be required to provide suitable
security under the terms of the lease.

Premium
The Vendor is seeking £150,000 for their leasehold interest inclusive
of goodwill and fixtures and fittings (inventory to be provided).
Stock at valuation will be purchased in addition on completion.

Planning
We understand the property currently benefits from Class A4
use and is not listed nor is located in a conservation area.

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 Thursday 11:00 -
00:00, Friday and Saturday 11:00 - 01:00 and Sunday 12:00-
23:30. Opening hours may vary; please check if conducting a
discreet customer visit. Full licensing details are available on the
Southwark website: www.southwark.gov.uk/licensing

Rating
The subject property is entered in the 2017 Rating List with a
Rateable Value of £11,500. The national multiplier for England
and Wales for 2017/2018 is £0.479.

Energy Performance Certificate
A copy of the EPC Certificate is available upon request. A D-(78)
Rating has been calculated. The EPC states the total useful
floor area is 311 sq m (3,347 sq ft).

Viewing
For a formal viewing, strictly by appointment with Savills. Please
do not make direct contact with the business. Your discretion is
appreciated if visiting as a customer.


More information from this agent

Energy Performance Certificates (EPCs)

Nearest stations

  • Brockley (0.5 mi)
  • Nunhead (0.5 mi)
  • Crofton Park (0.6 mi)
Distances are straight line measurements from centre of postcode

To view this property or request more details, contact:

Savills Licensed Leisure, Southampton

2 Charlotte Place, Southampton, SO14 0TB

02382 200001 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

  • Brockley (0.5 mi)
  • Nunhead (0.5 mi)
  • Crofton Park (0.6 mi)
Distances are straight line measurements from centre of postcode

To view this property or request more details, contact:

Savills Licensed Leisure, Southampton

2 Charlotte Place, Southampton, SO14 0TB

02382 200001 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 CBWAVERLEYARMS. 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 Licensed Leisure, Southampton. 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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