Pub for sale

Le QuecumBar, 42-44 Battersea High Street, London, SW11 3HX

Offers in Excess of £950,000
1,603 sq. ft.

Property Description

Commercial information

  • 1,603 sq ft (148 sq m)

Key features

  • Freehold Public House investment for sale
  • Managers accommodation located at first floor
  • Lease expiring February 2021 at a current rent of 40,500 per annum
  • Surrounding occupiers include Thomas?s School, Royal Academy of Dance and Battersea Park
  • Within a 15 minute walk of Clapham Junction National Rail Station
  • Potential to obtain vacant possession
  • Potential for conversion of the first floor to residential and additional stories along with a ground and basement lockup pub STPP and vacant possession
  • Guide price 950,000

Full description

Tenure: Freehold

Description
The property occupies the basement, ground and first floors of a detached brick built building with part exposed brick, part rendered elevations, beneath a pitched tiled roof.

The property provides a trading area to the ground floor for approximately 65 covers. To the rear is a small kitchen with a trade garden to the rear of the property. The upper floors provide three bedroom living accommodation with lounge, kitchen and bathroom. The basement provides a cellar and stores.

Viewings
Potential buyers are encouraged to undertake a customer visit in the first instance. Under no circumstance should any direct approach be made to any of the occupational tenants’ staff.

For further information and all formal viewing requests please contact the sole selling agents Savills.

Location
Le QuecumBar is located in the London district of Battersea, South West London approximately 3.5 miles south west of Central London. To the south is the A3205 which provides access to Wandsworth in the West and Vauxhall in the East. Battersea Square is a short distance to the north and comprises a selection of operators including the London House restaurant by Gordon Ramsey and GAIL’s bakery .

The property is situated in a mixed commercial and residential area with The Woodman public house (Hall & Woodhouse) located to the immediate south with Thomas’s School adjacent and The L’Ecole De Battersea pre prep & Preparatory French – English School is situated to the east. Battersea Square is a short distance to the north and comprises a number of restaurants including Mazar’s, Ludlow’s and Suzette. The Royal Academy of Dance is also situated just off Battersea Square.

Terms
We are instructed to invite offers in the region of £950,000 for our clients freehold interest.

Development Potential
The property benefits from the potential to convert the first floor to residential along with additional stories and the creation of a ground and basement lockup public house subject to obtaining the necessary planning consent and vacant possession. Residential values remain strong in the area with capital values in the region of £900 psf.

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 as follows:

• Sunday to Thursday 10:00-00:00
• Friday to Saturday 10:00-01:30

Rating
The subject property is entered in the 2017 Rating List with a Rateable Value of £13,750.

EPC
C-(69).

Tenure
The property is held freehold.

The entire property is let on a 30 year lease which expired on the 2 August 2020. The tenant has served a section 26 notice and our client has agreed a six month extension to the statutory period to expire on the 2nd February 2021. The current passing rent is £40,500 per annum.

VAT
It is envisaged that the property will be sold as a TOGC so the transaction should therefore be exempt from VAT.


More information from this agent

Nearest stations

  • Imperial Wharf (0.4 mi)
  • Clapham Junction (0.7 mi)
  • Fulham Broadway (1.0 mi)
Distances are straight line measurements from centre of postcode

To view this property or request more details, contact:

Savills , Margaret Street - Licensed Leisure

33 Margaret Street, London, W1G 0JD

020 8012 0425 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.

Floorplans

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Floorplan 1

Floor Plan

Floorplan 2

Floor Plan

Floorplan 3

Floor Plan

To view this property or request more details, contact:

Savills , Margaret Street - Licensed Leisure

33 Margaret Street, London, W1G 0JD

020 8012 0425 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

  • Imperial Wharf (0.4 mi)
  • Clapham Junction (0.7 mi)
  • Fulham Broadway (1.0 mi)
Distances are straight line measurements from centre of postcode

To view this property or request more details, contact:

Savills , Margaret Street - Licensed Leisure

33 Margaret Street, London, W1G 0JD

020 8012 0425 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.

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