Status: TO LET
Size: 7,599 sq. ft (Approx.)
Address: THOMAS A BECKET, 320 OLD KENT ROAD, LONDON, SE1 5UE
Rent: £145,000 PAX
Business Rates: £10,080 PA for Public House Section
Council Tax: Applicable for Upper Floors
Additional Information: Income generated from upper floors currently circa £70,000 PAX
Basement - 1,517 sq. ft. (140.9 sq. m.)
Ground Floor - 2,332 sq. ft. (216.6 sq. m.)
First Floor - 1,393 sq. ft. (129.3 sq. m.)
Second Floor - 1,393 sq. ft. (129.3 sq. m.)
Third Floor - 964 sq. ft. (87.8 sq. m.)
Total (internal) - 7,599 sq. ft. (705.9 sq. m.)
There is also first floor roof terrace of approx. 459 sq. ft. (42.6 sq. m.)
A landmark corner pub located on the Old Kent Road near Burgess Park. Just over a mile form Elephant and Castle and Borough Stations.
A rare opportunity to lease this public house on the Old Kent Road. The upper parts benefit from a self contained entrance to Albany Road and comprise 10 bedrooms.
The property comprises of a basement cold beer store with ancillary storage; Open trading area with central bar, trade kitchen & customer WC's on the ground floor; Reception room, kitchen, 4 bedrooms, 2 bathrooms and the added benefit of a roof terrace to the first floor; Kitchen, 5 bedrooms & shower room to the second floor, and a further Kitchen, 3 bedrooms & bathroom on the third floor.
The residential units on the upper floors generate an estimated £70,000 income PAX.
The ground floor and basement parts of the building are being offered by way of a new lease on a free of tie basis with vacant possession. The term will be for a minimum of 20 years, subject to indexation and rent reviews to open market value every five years. The permitted use will be as a public house and premises.
The annual income from the upper floors is circa £70,000.
Rental offers are invited on a free of tie basis.
£145,000 per annum exclusive.
The VOA website shows a ratable value for the public house section of the property as £20,100, which gives an estimated rates payable of £10,080. The upper parts will be liable for council tax. Interested parties are advised to make their own enquiries to the London Borough of Southwark.
From enquiries of the London Borough of Southwark it is understood the property has a premises Licence permitting the sale of alcohol from 11.00am until 11.30pm Sunday to Thursday, 11.00am until 00.30am on Saturday and Sunday.
The Statements contained in these Particulars are believed to be correct but their accuracy is not guaranteed and they do not constitute any part of an offer. This Agent and its employees have no authority to make representation or give any warranty in relation to this property. Any intending purchaser/lesser must satisfy themselves by inspection, examination, investigation or otherwise as to the correctness of each of the statements contained in these particulars.