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White Horse, 70 London End

For sale: £2,600,000.00|5966 Sq Ft|Pubs/Bars/Clubs, Restaurants/Cafes, Leisure Property, Other, Licensed & Leisure, Other Property Types & Opportunities

PROPERTY DETAILS

FOR SALE£2,600,000.00
SIZE5966 Sq Ft
ADDRESSWhite Horse, 70 London End, Beaconsfield, HP9 2JD
TYPEPubs/Bars/Clubs, Restaurants/Cafes, Leisure Property, Other, Licensed & Leisure, Other Property Types & Opportunities
TENUREInvestment Opportunity, For Sale Freehold
POSTED ON8th September 2020

DESCRIPTION

Key Points

  • Located in one of the most affluent towns in the south east
  • Attractive building in the Old Town which was comprehensively refurbished
  • Pub arranged over basement, ground and first floor levels
  • Let to Brunning & Price Limited, on assignment from Loch Fyne Restaurants Ltd
  • Brunning & Price form part of The Restaurant Group plc
  • Let on a lease which expires in June 2026 at a current rent of £135,000 pa
  • Vendor seeking offers in excess of £2,600,000 reflecting net initial yield 4.88%
  • Business not affected
  • Summary

    Freehold public house investment in Beaconsfield Old Town which is let to Brunning & Price Limited

    Description

    The property is located in the affluent market town of Beaconsfield, approximately 25 miles north-west of London and 5 miles south-east of High Wycombe. The detached premises are of brick construction with painted and rendered elevations under a mix of pitched and flat roofs. To the front of the main building is a terrace laid out with customer seating in addition to customer car parking for 4 vehicles. Road and rail communications are good with the M40 and M25 motorways both being easily accessible and Beaconsfield railway station providing regular services to London Marylebone with journey times from 23 minutes. The subject property is located within the Old Town of Beaconsfield which is full of historic character buildings occupied by other high quality pub operators, restaurant groups and boutique retailers. Occupiers nearby include Hearnes of Beaconsfield, Brasserie Blanc, Farrow & Ball and Fired Earth.

    Viewings

    Potential buyers are encouraged to undertake a customer visit in the first instance. Under no circumstances should any direct approach be made to any of the occupational tenants staff.

    Location

    The accommodation provided has a main entrance which provides access to the trading area which has a bar servery to one side. This area is fitted to an extremely high standard and is laid out to provide a variety of fixed bench seating, loose tables and chairs for approximately 140 covers. To the rear of the ground floor is a large catering kitchen. A bottle store, glass wash area and disabled WC are also provided at this level. At first floor the property provides ladies and gents WC’s in addition to a manager’s office, staff changing room and storage facilities.

    Terms

    We are instructed to invite offers in excess of £2,600,000 (4.88% NIY) assuming purchasers costs of 6.40%. The business will continue to trade unaffected from the premises during the marketing of the property and post completion of the sale.

    Specifications

    We understand that the property is not a listed building but it does fall within the Beaconsfield Old Town Conservation Area. All further enquiries relating to planning should be directed to South Bucks District Council on 01895 837200.

    LOCATION

    Location: White Horse, 70 London End, Beaconsfield, HP9 2JD

    Amersham (5.0 miles)

    Chalfont & Latimer (5.5 miles)

    Chorleywood (6.0 miles)

    Beaconsfield (0.8 miles)

    Seer Green & Jordans (1.6 miles)

    Gerrards Cross (3.5 miles)

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