Kerfield Arms, 16 Grove Lane, Denmark Hill, London, SE5 8SY

Description
The property comprises the basement, ground and first floors of a two storey detached building with exposed brick and painted front and side elevations beneath a multi-pitched roof behind a parapet wall.

Location
Located in south east London in the Borough of Southwark, a short distance south of the centre of Camberwell, 1.5 miles (2.4 kilometres) north east of Brixton and 3.4 miles (5.4 kilometres) south of central London.

The Kerfield Arms is situated at the intersection between Grove Lane and Kerfield Crescent in a predominantly residential area. Denmark Hill Overground Station is located 0.4 miles (0.6 kilometres) to the south and provides Thameslink and London Overground services via the Windrush Line giving fast travel to the City of London (Blackfriars Station) in approximately 17 minutes.

Accommodation
Basement: The basement provides cellar and stores.

Ground Floor: The ground floor provides an open plan bar and restaurant area with a central bar servery and seating on loose tables, chairs and bench seating for 86 customers. Ancillary areas include a disabled toilet located to the rear.

First Floor: The first floor provides a private function room with separate bar servery and seating for 15 customers. Ancillary areas include customer WC’s, trade kitchen, managers office and dry store.

Externally: To the front elevation is seating on loose tables and chairs for 18 customers which is held by way of a pavement licence.

Tenancy
Entire property let to The Kerfield Arms Limited (Company No. 15939328) on a 15 year lease from 15 January 2025 at a current rent of £125,000 per annum which is subject to 5 yearly rent reviews to the greater of open market rent or a 10% increase. The lease is excluded from the 1954 Landlord and Tenant Act and is held on a full repairing and insuring basis with the tenants repairing obligation subject to a schedule of condition.

A rent deposit of £150,000 is held by the landlord.

Covenant
The Kerfield Arms is a stylish Michelin Star public house in Camberwell serving modern British and Mediterranean food. The property is operated by Adam Symonds and Rob Tecwyn with the kitchen operated by Jay Styler.

The tenant also operates the Baring Arms in Islington which is held under a separate tenant company.

Tenure
The property is held freehold (Title Number TGL179664).

Planning
The property is not listed nor is it situated within a Conservation Area.

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

EPC
B - 46.

Terms
We are instructed to invite offers in excess of £1,570,000 (7.5% NIY) assuming the usual purchasers costs.

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 the purchasing entity is VAT registered.

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
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.