Sultan, 37 New Park Road, London, SW2 4DU
Size
4,835.16
Tenure
Freehold
EPC
Parking
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- Primary use
- Other
- Other use(s)
- Pub
No floor / site plan
Key features
- Freehold tied public house investment
- Site extending to 0.111 acres
- Entire property is let on a tied tenancy to a private individual
- Lease expires November 2030
- The rent is subject to five yearly open market rent reviews and annual uncapped RPI increases (except in the open market review year)
- The income is derived from rent, a share of machine income and from the sale of drinks
- Ability to release the tie
- We are instructed to invite offers in excess of £690,000
- Business unaffected by sale
Description
Description
The property comprises the basement, ground, first and second floor of a three storey terraced building with painted and exposed brick elevations beneath a pitched slate roof behind parapet.
Location
Located in the district of Brixton in the London Borough of Lambeth in the county of Greater London, 4.7 miles (7.6 kilometres) south of Charing Cross and 23.5 miles (37.8 kilometres) east of Slough.
The Sultan is situated fronting New Park Road in a mixed residential-commercial area, a short distance north of Brixton Road where operators like The Atlantic, The Prince of Wales, and Pop Brixton, restaurants such as Honest Burgers and Franco Manca, and attractions including Brixton Market, the Ritzy Cinema, and Brockwell Park are located.
Accommodation
Basement: The basement provides cellar and stores.
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 65 customers. Ancillary areas include a trade kitchen, customer WC's and stores to the rear.
First & Second Floor: The first floor comprises of three double bedrooms, a single bedroom, a large kitchen and a toilet. The second floor provides additional accommodation comprising of a single bedroom, a lounge area and a double ensuite.
Externally: There is an enclosed customer area to the rear with seating on a table and bench for 8 customers. Additional seating is provided further to the rear on the grass on seating with loose tables for a further 20 customers.
Planning
The property is not listed or situated within a conservation area.
EPC
C-63
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.
Fixtures & Fittings
The fixtures and fittings are currently owned by the occupational tenant.
Tenure & Tenancy
The property is held freehold (Title Number SGL127547). The entire property is let to a private individual on a 5 year lease reversionary lease from 21 November 2025 at a passing rent of £14,000 per annum. The current rent is subject to annual uncapped RPI increases. In addition the tenant has an obligation to purchase drinks from the landlord and pay a share of the machine income received.
Release of Tie
The landlord may give notice to release the Tenant from any or all purchasing obligations and may choose to review the rent to the open market rent by serving a review notice.
Total Income
The total income is derived from rent, a share of machine income and margin from the sale of drinks.
For further details of the historic income and barrelage please refer to the marketing brochure.
The Tied Income
This lease requires the tenant to purchase all drinks from the landlord. The purchaser can set up a supply agreement with a supplier, such as Molson Coors, who will supply to the tenant. This will then provide an income from the sale of drinks. The potential total income to the purchaser from the sale of drinks is estimated, but not warranted, to be in the region of £19,000, producing a total potential income of £34,990 per annum. Further details are available to interested parties on request.
Terms
We are instructed to invite offers in excess of £690,000 assuming the usual purchasers costs.
Similar Investment Opportunities
If you have an ongoing requirement for similar investment opportunities then please visit the following website for a selection of properties we are currently marketing:
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.
The property comprises the basement, ground, first and second floor of a three storey terraced building with painted and exposed brick elevations beneath a pitched slate roof behind parapet.
Location
Located in the district of Brixton in the London Borough of Lambeth in the county of Greater London, 4.7 miles (7.6 kilometres) south of Charing Cross and 23.5 miles (37.8 kilometres) east of Slough.
The Sultan is situated fronting New Park Road in a mixed residential-commercial area, a short distance north of Brixton Road where operators like The Atlantic, The Prince of Wales, and Pop Brixton, restaurants such as Honest Burgers and Franco Manca, and attractions including Brixton Market, the Ritzy Cinema, and Brockwell Park are located.
Accommodation
Basement: The basement provides cellar and stores.
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 65 customers. Ancillary areas include a trade kitchen, customer WC's and stores to the rear.
First & Second Floor: The first floor comprises of three double bedrooms, a single bedroom, a large kitchen and a toilet. The second floor provides additional accommodation comprising of a single bedroom, a lounge area and a double ensuite.
Externally: There is an enclosed customer area to the rear with seating on a table and bench for 8 customers. Additional seating is provided further to the rear on the grass on seating with loose tables for a further 20 customers.
Planning
The property is not listed or situated within a conservation area.
EPC
C-63
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.
Fixtures & Fittings
The fixtures and fittings are currently owned by the occupational tenant.
Tenure & Tenancy
The property is held freehold (Title Number SGL127547). The entire property is let to a private individual on a 5 year lease reversionary lease from 21 November 2025 at a passing rent of £14,000 per annum. The current rent is subject to annual uncapped RPI increases. In addition the tenant has an obligation to purchase drinks from the landlord and pay a share of the machine income received.
Release of Tie
The landlord may give notice to release the Tenant from any or all purchasing obligations and may choose to review the rent to the open market rent by serving a review notice.
Total Income
The total income is derived from rent, a share of machine income and margin from the sale of drinks.
For further details of the historic income and barrelage please refer to the marketing brochure.
The Tied Income
This lease requires the tenant to purchase all drinks from the landlord. The purchaser can set up a supply agreement with a supplier, such as Molson Coors, who will supply to the tenant. This will then provide an income from the sale of drinks. The potential total income to the purchaser from the sale of drinks is estimated, but not warranted, to be in the region of £19,000, producing a total potential income of £34,990 per annum. Further details are available to interested parties on request.
Terms
We are instructed to invite offers in excess of £690,000 assuming the usual purchasers costs.
Similar Investment Opportunities
If you have an ongoing requirement for similar investment opportunities then please visit the following website for a selection of properties we are currently marketing:
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.
Additional information
- Service charge
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- Business rates
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- Use class
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- Listed building
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Energy performance certificate: C
An Energy Performance certificate helps you understand the current energy efficiency of a property.
Read more about EPC requirementsEnvironmental data
- BREEAM rating
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- Environmental description
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Brochure
Sultan, 37 New Park Road, London, SW2 4DU
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Disclaimer - Property reference 333182-1. 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 National , 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.