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London - Closed Pub With Potential For Development

Guide Price
£700,000

Business rates & charges may apply

Sidney Phillips Limited, South East
SIZE

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SECTOR

Pub for sale

USE CLASSUse class orders: A4 Drinking Establishments and Sui Generis

A4, sui_generis_3

Key features

  • Residential position between Croydon and Thornton Heath
  • Substantial two-storey end-of terrace public house
  • Property footprint in the region of 2,970 sq ft
  • Three trade areas with basement
  • 2 x Three bedroom flats
  • Suitable for alternative use (STPP)

Description

The Lion Inn sits in a residential area midway between Croydon and Thornton Heath. The area is growing in popularity due to its commutability to central London, as well as the growing range of amenities available in central Croydon. The Lion Inn is a stones throw away from Croydon University Hospital and is becoming an ever increasingly popular residential area for NHS staff.

The area is easily accessed via the A23 Purely Way/London Road which connects the M25 to central London. Both Selhurst and Thornton Heath railway stations lie a short walk from the Lion Inn with southern services into London Bridge, London Victoria and East Croydon.

The Lion Inn occupies a substantial end-of-terrace public house, on the junction of Pawsons Road and Lion Road. The property enjoys a footprint in the region of 2,970 sq ft. The property is not a listed building nor falls within a conservation area. The property comprises in brief: -

GROUND FLOOR
- FRONT BAR: With wood built bar servery and carpeted flooring. Potential to seat 20-30. Measuring in the region of 422 sq ft.

- MIDDLE BAR: With separate wood built bar servery, log burner and part-panelled walls. Potential to seat 15-20. Measuring approximately 429 sq ft.

- REAR BAR: Two tired, with tiled flooring. Potential to seat 30-40. Measuring approximately 734 sq ft.

- TRADE KITCHEN: With extractor

- SMALL WAITER AREA
- GENTLEMAN'S TOILETS
- LADIES TOILETS
- DISABLED TOILETS
- STORAGE CORRIDOR

BASEMENT
- CELLAR: Divided into a number of rooms, extending the length of the property.

FIRST FLOOR
- Flat 1: 3 x DOUBLE BEDROOMS, BATHROOM, CENTRAL LOUNGE, OFFICE, KITCHEN and BOILER ROOM.

- Flat 2: With separate entrance to the rear of the property, 3 x DOUBLE BEDROOMS, UTILITY ROOM, KITCHEN and BATHROOM.

EXTERNAL
- COVERED SIDE PATIO
- FRONT TERRACE
- SINGLE GARAGE

The business is currently closed and has been since the middle of 2020. No trade is sold or warranted. Historic trade accounts are not available.
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FREEHOLD £700,000 Sold with vacant possession. Sold as seen. Unconditional offers only.

VAT will apply on the sale of this property. It will be levied on the sale price of the freehold at the standard rate on 90% of the purchase price. Purchasers may wish to satisfy themselves with independent professional advice that this VAT may be reclaimed.

No direct approach to be made to the business; please direct all communications through Sidney Phillips.

Viewing strictly by appointment only.

All mains services are connected.

Local authority: London Borough of Croydon, Bernard Weatherill House, 8 Mint Walk, Croydon, CR0 1EA

Rateable value: £11,000 as at 1 April 2023

London - Closed Pub With Potential For Development

Approximate location

NEAREST STATIONS

Distances are straight line measurements from the centre of the postcode
  • Thornton Heath Station0.5 miles
  • Selhurst Station0.5 miles
  • West Croydon Station0.9 miles

About Sidney Phillips Limited, South East

Shepherds Meadow, Eaton Bishop, HR2 9UA

About Sidney Phillips

Pub, hotel and restaurant specialists with a bespoke and personal service

Whether you are looking to buy or sell a pub or a licensed business, we take great pride in delivering a personable service.

Our comprehensive expertise and experience ensure we are able to provide the highest standard of service to clients in the market.

Sidney Phillips operates a bespoke agency service which can assist with buying and selling of both leasehold and freehold assets.

Our specialisms include the sale of 'going concern' businesses as Business Transfer Agents with years of specialist sector knowledge.

A trusted and established name

Established in 1898, Sidney Phillips boasts a network of nine regional offices, providing unrivalled local knowledge with national coverage.

Our experienced team specialises in providing sales, acquisition and valuation services to the licensed trade including public houses, hotels, restaurants, coffee shops, clubs, leisure units, investments and development sites.

We pride ourselves on our professional approach and discretion, acting for a wide range of clients including pub companies, regional brewers, private investors, developers and individual freeholders, leaseholders and tenants.

Notes

These notes are private, only you can see them.

Disclaimer - Property reference 94049. 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 Sidney Phillips Limited, South East. 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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