The Duke of Richmond, 316 Queensbridge Road, Hackney, E8 3NH

Guide price

£500,000

Size

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Tenure

Freehold

EPC

Parking

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Primary use
Pub

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

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.

Location

Situated 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 Opportunity

This is a virtual freehold held on a 999 year lease dated 13.10.1999 with peppercorn rent.

Planning Permissions

The 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.

Tenure

The 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 Rates

The 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.

Additional information
Service charge
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Business rates
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Use class
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Listed building
No
Business for sale
Yes
Energy performance certificate: B

An Energy Performance certificate helps you understand the current energy efficiency of a property.

Read more about EPC requirements

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Environmental data
BREEAM rating
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Environmental description
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Read more about energy considerations for commercial property

Brochure

The Duke of Richmond, 316 Queensbridge Road, Hackney, E8 3NH

NEAREST STATIONS

London Overground

Haggerston Station

0.37 miles

London Overground

Dalston Junction Station

0.37 miles

London Overground

Dalston Kingsland Station

0.51 miles

About Christie Owen & Davies Ltd, Pubs & Restaurants

Christie Owen & Davies Ltd, Pubs & Restaurants

We’re the leading specialist advisor for buying and selling businesses in our sectors - hotels, pubs, restaurants, childcare, healthcare, convenience retail, leisure and medical.

If you’re looking to buy or sell a business in our specialist sectors – from a pharmacy in Sussex to a hotel in Austria – our expert advice and collaborative support will help you achieve your goals. You may be an independent first-time buyer or a multinational adding to your portfolio; either way, you’ll discover that our personalised service is focused on helping you achieve your ambitions.

Clients have access to our carefully managed network of potential buyers. This unique database of contacts has been continually developed by our advanced IT capabilities and benefits from both our years of experience developing our network and our wide geographical coverage.

Where we work
We employ the largest team of sector specialists in the UK and the largest group of hotel specialists in Europe, providing professional brokerage and advisory services from offices in major cities across Britain and Europe. And because we’ve been doing this for over 80 years, we know our sectors and local markets inside out. We work closely with our clients to guide and conclude transactions of any size, covering hotels, restaurants and pubs, leisure, forecourts and convenience retail businesses, social care and elderly care, childcare & education facilities, dental practices and pharmacies.

Our professional services
We offer unrivalled insight, experience and expertise across your choice of services, including brokerage, consultancy, finance, development, investment, surveying, rent reviews, dispute resolution, corporate valuation, and turnaround & recovery. These services are all underpinned by our in-depth market intelligence and leading-edge technology. And we’re accredited by the Royal Institution of Chartered Surveyors (RICS), so you can trust in our professionalism.

What makes us tick
Businesses are about people, so relationships matter to us. We bring an integrity and transparency to business which can be all too rare – and that’s why people trust us. Our clients will attest to our genuine desire to help achieve their objectives, our attention to detail, and our tireless hard work on their behalf. We understand that buying a business can bring its own pressures and strains; needs can change, plans may need to be adjusted, and opportunities can come and go. But we’re always here, a constant, flexible and reliable force you can count on.

Our opening hours for all offices:

Mon – Fri, 9am – 5.30pm

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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 Owen & Davies Ltd, 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.