The Duke of Richmond, 316 Queensbridge Road, Hackney, E8 3NH
- SIZE
Ask agent
- SECTOR
Pub for sale
Key features
- Guide Price Reflects 12% Gross Yield
- 20 Year Lease in Place from July 2025
- £60,000 per annum rent
- Lock up Ground Floor and Basement Property
- External Seating Below Heated Canopy
- 232 sqm - Energy Rating B
- Christie & Co Ref: 4256569
Description
The Duke of Richmond is a well-established neighborhood pub and restaurant. The property features an elegant dining space and an outdoor seating area for al fresco dining on the ground floor and a basement kitchen. It is positioned at a prime corner location with excellent public transport links and surrounded by local amenities and a vibrant community.
LocationSituated at 316 Queensbridge Road, Hackney, London, E8 3NH, The Duke of Richmond is a notable neighborhood pub and restaurant occupying a prime corner location at the intersection of Queensbridge Road and Richmond Road. This establishment offers both indoor and outdoor seating areas and the location boasts excellent public transport links and proximity to local amenities and green spaces, making it a highly visible and accessible venue within a vibrant and culturally rich community.
The OpportunityThis is a virtual freehold held on a 999 year lease dated 13.10.1999 with peppercorn rent.
Planning PermissionsThe property is located in a Conservation Area and is Listed, Grade II. We are not aware of any recent planning applications in relation to the property.
TenureThe property was let on a fully repairing and insuring underlease, contracted in to the landlord and tenant act 1954, for a term of 20 years, in July 2025. The annual rent is £60,000 plus VAT and is subject to 5 yearly rent reviews. A 4 month rent deposit, increasing by an additional 2 months on the 1st anniversary of the lease, and a personal guarantee has been secured from the tenant.
Business RatesThe VOA lists the property as a restaurant and premises with a rateable value of £34,500 from April 2023. The local authority is Hackney Council.
Brochures
The Duke of Richmond, 316 Queensbridge Road, Hackney, E8 3NH
NEAREST STATIONS
Distances are straight line measurements from the centre of the postcode- Haggerston Station0.4 miles
- Dalston Junction Station0.4 miles
- Dalston Kingsland Station0.5 miles
Notes
Disclaimer - Property reference 4256569-fh. 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, Pubs & Restaurants. 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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