London Canalside Pub For Sale

Business description

TRADITIONAL BUSY CANAL SIDE PUB LOCATED ON HIGH STREET OF POPULAR LONDON SUBURB OF NORWOOD GREEN, SOUTHALL, CLOSE TO HEATHROW AIRPORT & M4

Property Details

> Sales of £159,000 all wet driven – great opening for food offer( kitchen)
> Excellent profit opportunity with unmissable potential for improvement to circa £250,000
> Cosy “through” lounge with central servery and games area (60+) + outbuilding
> 3 bed owners home – excellent choice of local schools and amenities
> Secure patio area overlooking Grand Union Canal
> Renewable 20 year lease (2003) with just part tie



FAMILY FRIENDLY CLASSIC PUB WITHIN PROSPEROUS RESIDENTIAL LOCALE OFFERED AT A MOST REALISTIC ASKING PRICE OF £89,950 LEASEHOLD TO INCLUDE FIXTURES AND FITTINGS, GOODWILL PLUS S.A.V.



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LOCATION (UB2 4JB)
This classic London Pub is favourably located in the popular residential NORWOOD GREEN area of SOUTHALL, Middlesex positioned adjacent a bridge over the GRAND UNION CANAL on the A3005 ( Norwood Road) close to the A312 Hayes Bypass and A4020 Uxbridge Road moments from the M4 and 4 miles from HEATHROW AIRPORT. There are tube and rail stations close by and it is a main bus route for commuters. Well suited for family living there is an abundance of local schools and amenities. The pub is set within a local shopping parade which attracts residents and passing traffic.

PROPERTY DESCRIPTION
The property is completely detached and was constructed in the 1700’s when the canal was cut through the villages around the capital city. The pub fronts the canal with some moorings along side and is a haven for swans and wild life. Internally you enter from Norwood Road which has benches set to the pubs frontage into the MAIN BAR (60+ standing) which has a central bar servery and to one end an area used for pub sports inc pool & darts. Seating is by a range of fixed and loose seats to wooden tables. BEER CELLAR is set deep and cool all year and has cooling fitted. Extra areas for storage lie to the lower floor. KITCHEN is set behind the bar and ready for commercial use depending on food style (if required). Toilets are to one end of the lounge bar. The bar also leads directly out onto the canal side patio. An external building, now unused, has previously been utilised for private events and falls within the premises license.



OWNERS ACCOMMODATION
Located to the 1st floor comprises of 3 good sized bedrooms and is well positioned for family use.


EXTERNALS
Definitely a ‘wow’ factor of this business and a large crowd drawer is the canal side patio area which runs from the canal to the lounge bar doors. It has partial roof covering for smokers to use all year and could with a little imagination become one of the most popular attractions within the area, especially with the addition of food to the overall offering.

PREMISES LICENSES
We are advised that the business currently trades on hours Mon-Sat 11am till 11pm with 12noon till 10.30pm Sunday. The license allows for openings 10am till 12 midnight Sunday through Wednesday with 1am available Thursday/Friday & Saturday A personal license will be required and our training associates can assist with this for you along with other licensed retail training inc BII courses

TENURE
We are instructed to offer this business as a LEASE ASSIGNMENT of 20 years commencing 2003 from ENTERPRISE INNS. The lease is PARTIALLY TIED with the freedom to buy wines, spirits and minerals from any supplier. The net machine income is retained by the pub. Current business rent is £33,000 with 5 yearly reviews without index linking.

SERVICES
We are advised that the business benefits from connected mains, and central heating by GAS. Business rates payable are £TBA p.a. (under review)

THE BUSINESS
Our 2 lady clients have owned the business around 5 years and do not reside on the premises. Building upon the existing vibrant trade of £159,000 inc vat pa from wet driven sales it will be easy to indentify the new opportunities available to a new enthusiastic energetic owner especially with the introduction of a food offer and focus on its unique selling point (USP) of being set on a busy popular canal way. £250,000 pa is potentially available to a new focused energetic operator.

THIS IS A RARE OPPORTUNITY TO ACQUIRE A HIGHLY DESIRABLE BUSINESS AND HOME AT AN AFFORDABLE PRICE IN A GREAT LOCATION – A MUST FOR A VIEWING EARLY

Property information

Property:

Leasehold