Leasehold London Pub For Sale - London, West Hampstead
Ground floor footplate: 1285 sq/ft*
Public house for sale a short distance from Devons Road DLR Station. The property is situated in a predominently residential location with neighbouring retail uses bringing a good level of 'foot traffic' to the locality.
Long Leasehold interest on offer until 2037 * a fixed ground rent of £79 pa.
The property comprises a ground floor/basement public house occupied on an 18 month tenancy agreement at a current passing rent of £36,144 + vat free of tie and AWP. There is currently a personal concession in place to the tenant at a rent of £23,933 per annum + VAT.
The first flr comprises a 4 bedroom flat and is let on an AST agreement producing £23,920.
Unconditional offers are invited for our clients interest which based on the purchase price will realise a gross yield of 17% based on the reduced rental and 21% off of the full rental value.
The property represents excellent value for continued licensed use / future owner occupation.
There is also enormous potential for redevelopment (residential / commercial / mixed use) subject to purchasing the freehold and gaining the appropriate Local Authority planning consents.
Paramount Investments are commercial estate agents listing freehold and leasehold live music pubs, sports pubs, gastro pubs, restaurant pubs, brew pubs, wine bars, cocktail bars, free houses, traditional public houses, real ale pubs, bistros, gay, lesbian & family pubs for sale in England, Scotland and Wales. We advise on the valuation, disposal and sale of pub buildings, pub sites, pub businesses and licensed property portfolios on behalf of national and independent breweries, bar & pub chains, pub management companies, hotel groups, restaurant chains and franchises.
150 West End Lane
London NW6 1SD
Tel: +44 (0)20 7644 2333
Click on the buttons below to share this page: