BUSINESS: Our client has been trading since 2001.The pub is known for its Saturday night Irish bands and sports nights shown on the big screen. The property benefits from being in close proximity to the Wembley Stadium and is frequented by clientele visiting both this venue and the Wembley Arena.
TERMS: A 25 year lease was granted on 15 March 1999 subject to 5 yearly rent reviews. The next review is in 2017.
RENTAL: £16,500 per annum
LICENCES: The property has a Premises Licence granted by the relevant Local Authority. It is a requirement of the Licensing Act 2003 that properties serving/retailing alcohol have to have a designated Premises Supervisor who must be the holder of a Personal Licence. Prospective purchasers are advised to take appropriate specialist advice
BUSINESS RATES: The Ratable Value is £15,350 for the year commencing April 2010. Rates payable in the region of £7,000 per annum. Interested parties are recommended to make their own enquiries with the Rating Department of Brent Council
OPENING HOURS: Monday - Thursday inclusive 5pm - 11pm & Friday - Sunday 5pm - 12pm. Potential purchasers should be aware that there is a great opportunity to increase the trade by extending the opening hours during the day
STAFF: Owner managed with part-time staff employed when needed
TURNOVER: Current turnover in excess of £234,000 per annum.
UTILTIES: All main services are connected.
FIRE RISK ASSESMENT: We have assumed that a suitable and sufficient Fire Risk Assessment has been carried out. Under the Regulatory Reform (Fire Safety) Order 2005 this assessment needs to be recorded in writing where there are five or more employees, the property is under enactment of a licence or where an alterations notice has been served.
LEGAL COSTS: Each party is to bear their own legal cost.
LOCAL AUTHORITY: Brent
HOLDING DEPOSIT: A holding deposit will be required to secure the property; the deposit will buy a period of exclusivity and will be held in the London Properties client account
REFERENCE CHARGE: London Properties charges a fee of £200 plus VAT for taking up references for proposed tenants. This fee is non refundable after the references have been taken up, whether they are accepted or not by the Landlord.
VIEWINGS: Through London Properties by appointment only.
The premises are prominently located on occupying a fantastic trading position within easy strolling distance of North Wembley National Rail and Underground Station (Bakerloo), which is less than 0.6 miles to the west, and Wembley Park Underground Station (Jubilee and Metropolitan) is less than 0.6 miles to the east in the vibrant and densely populated Middlesex satellite town of Wembley & with numerous bus routes also close by is Wembley Stadium and Wembley Arena.
A 25 year lease was granted on 15 March 1999 subject to 5 yearly rent reviews. The next review is in 2017.
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