Skip to content

Draughts, 34 Eltham High Street, London, SE9 1BT

Offers in Excess of
£990,000

£162.35 per sq ft

Business rates & charges may apply

Savills, Margaret Street - Licensed Leisure
SIZE AVAILABLE

6,098 sq ft

567 sq m

SECTOR

Pub for sale

Key features

  • Freehold public house investment
  • Entire property let to an individual operator
  • Current rent of £68,721 per annum
  • The rent is subject to five yearly open market rent reviews and annual uncapped RPI increases
  • Lease expires November 2032
  • We are instructed to invite offers in excess of £990,000 (6.56% NIY)
  • The property is arranged over ground, basement and two upper floors and extends to 4,741 sq ft
  • Business unaffected by sale

Description

Description
The property comprises the ground, basement, first and second floor of a three storey end of terrace building with painted brick elevations beneath a pitched and hipped roof..

Ground Floor: The ground floor provides an open plan trading area with a central bar servery and seating on loose tables, chairs and bench seating for 50 customers. Ancillary areas include a former kitchen and customer WC’s.

Basement: Cellar and stores.

First Floor: The first floor comprises the former function room and WC.

Second Floor: The second floor provides manager’s accommodation comprising three bedrooms, kitchen, bathroom and living room.

Externally: There is an enclosed customer area to the rear with seating on loose tables and chairs for 60 customers.

Location
Located in Greater London, 10 miles (16 kilometres) south east of Central London and 4.3 miles (6.7 kilometres) south of Greenwich. Eltham is a London commuter town and is home to former royal residence, Eltham Palace.

Draughts is situated in the centre of town in a commercial area where operators such as McDonalds and Tesco Express are also located.

Availability_text
The accommodation comprises the following areas:

Tenure
The property is held freehold (Title Number 71551).

Tenancy
The entire property is let to two private individuals on a 15 year lease from 1 December 2017 at a current rent of £65,341 per annum which is subject to five yearly open market reviews and annual uncapped RPI increases. A rent deposit of £15,815 is held by the landlord.

Planning
The property is not listed or situated in a conservation area.

Data Room


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

EPC
An EPC is in the course of preparation.

Terms
We are instructed to invite offers in excess of £990,000 (6.56% NIY) assuming the usual purchasers costs.

Money Laundering
Money Laundering Regulations require Savills to conduct checks upon all purchasers. Prospective purchasers will need to provide proof of identity and residence.

Viewings & Contacts
All viewings must be made by prior appointment and under no circumstances should any direct approach be made to any of the occupational tenants staff.

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

Fixtures & Fittings
The fixtures and fittings are currently owned by the occupational tenant.

Brochures

Draughts, 34 Eltham High Street, London, SE9 1BT

NEAREST STATIONS

Distances are straight line measurements from the centre of the postcode
  • Eltham Station0.3 miles
  • Mottingham Station0.8 miles
  • Kidbrooke Station1.2 miles

Notes

These notes are private, only you can see them.

Disclaimer - Property reference 150915-1. 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, Margaret Street - Licensed Leisure. 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.

Map data ©OpenStreetMap contributors.

Your search history

You have no recent searches.