Pub for sale

Dean Swift, 10 Gainsford Street, London, SE1 2NE

Under Offer Offers Invited

Property Description

Commercial information

  • Business for sale

Key features

  • Benefits from tourist and office population
  • Free of Tie Lease
  • Ground and first floor trading space
  • Separate two bedroom flat
  • Rent 70,000 p.a.
  • Energy rating G

Full description

Tenure: Leasehold

Description

A Victorian three storey brick built corner property with exposed brick uppers, tiled and glazed ground floor frontage and return under fixed as well as hanging signage. Stairwell to side providing separate access to the flat and first floor trade kitchen.

Location

The Dean Swift is located on the South of the River Thames, in an area known as Shad Thames. Situated on the corner of GainsfordSt and Lafone Street, within 60 metres of Butlers Wharf as well as within 5 minutes walk of Tower Bridge.

The property is adjacent to Courage Yard which has been recently redeveloped and houses the head office of Zoopla Property Group PLC, as well as a number of small and medium sized enterprises.

Internal Details

Approximate Gross Internal floor area 2,750 sq ft (255.4m²) - not including residential flat.

Ground Floor

A traditional style trading space with a centrally located bar servery, timber flooring and good natural light from extensive glazed frontage and return over part panelled walls. Space for circa 50 covers over fixed and scattered seating. Ladies and gents toilets. Stairs up to first floor.

Other Floors

Basement: Store space, wash-up area, office and beer store.

First Floor: Trading space comfortably arranged for 35 covers. Papered walls, timber flooring, hanging artwork to walls and feature fireplace. Trade kitchen with mechanical extraction and separate entrance.

Second Floor: Two bedroom flat with lounge and kitchen.

Tenure

Leasehold. 39 years with effect from 24th July 1990 on FRI terms. The passing rent is £70,000 per annum, subject to 5 yearly rent reviews. The lease is free of all brewery ties.

The residential flat has in the past been let on a rolling 6 monthly AST agreement with a rental income of £22,000 per annum.

The Opportunity

The Dean Swift is currently operated as a managed house serving quality beer products and freshly prepared food. The property has been trading successfully in its current guise as a ‘Local Beer House’ since 2010. Trading accounts are available after a formal viewing.

Trading Hours

A premises licence prevails, the main activities being:

Sale by retail of alcohol on and off the premises:
Monday – Friday 10am to 11pm
Saturday 10am to 1am
Sunday 10am to 10.30pm

Late Night Refreshment :
Sunday - Thursday 11pm to 12midnight
Friday - Saturday 11pm to 1am

Playing of recorded music, live music, films, sporting events (indoors):
Sunday – Thursday 10am to 12midnight
Friday – Saturday 10am to 1am

Planning Permissions

Please note this property is not listed, but does sit within the Tower Bridge Conservation Area.

Business Rates

The property is in an area administered by Southwark Council. The property is described on the VOA website as ‘Public House and Premises’ and shows a Rateable Value of £65,000 (with effect from 1st April 2017).


More information from this agent

Nearest stations

  • Tower Hill (0.5 mi)
  • Bermondsey (0.5 mi)
  • Tower Gateway (0.6 mi)
Distances are straight line measurements from centre of postcode

Floorplans

Map & Street View

Nearest stations

  • Tower Hill (0.5 mi)
  • Bermondsey (0.5 mi)
  • Tower Gateway (0.6 mi)
Distances are straight line measurements from centre of postcode

Disclaimer - Property reference 3858187-lh. 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 Christie & Co , Winchester. 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.

* Average speeds are based on the download speeds of at least 50% of customers at peak time (8pm to 10pm) from packages available on comparethemarket.com. Speed can be affected by a range of technical and environmental factors. The speed you receive where you live may be lower than that listed above. You can check the estimated speed to your property prior to purchasing. Fibre/cable services at your postcode are subject to availability. You can confirm availability on the provider's website. Providers may increase charges. You should have the right to exit your contract without penalty if this happens. The information is provided and maintained by Decision Technologies Limited.

Map data OpenStreetMap contributors.