icons_size_white icons_size
menu

Agent's details

Horse & Groom And El Chico's, 60 Streatham High Road

For sale: £2,750,000.00|421 - 13,553 Sq Ft|Other, Pubs/Bars/Clubs, Other Property Types & Opportunities, Licensed & Leisure

Property details

FOR SALE£2,750,000.00
SIZE421 - 13,553 Sq Ft
ADDRESSHorse & Groom And El Chico's, 60 Streatham High Road, London, SW16 1DA
TYPEOther, Pubs/Bars/Clubs, Other Property Types & Opportunities, Licensed & Leisure
TENUREUnder Offer, For Sale Freehold
POSTED ON30th March 2023

Description

Key Points

  • Freehold public house and restaurant investment For Sale
  • Located on Streatham High Road
  • The Horse & Groom GIA approx. 968 sq m (10,418 sq ft) and is available with vacant possession
  • El Chico’s GIA approx. 291 sq m (3,135 sq ft) and is let at £25,000pa until June 2034
  • Approximate total site area 1,906 sq m (0.47 acres)
  • Offers in excess of £2.75m
  • Large car park to the rear
  • Accessible to Streatham Hill Railway Station
  • Summary

    Prominent freehold public house available with vacant possession and adjoining restaurant investment currently let at £25,000 pa for sale

    Description

    The Horse & Groom occupies a large end of terrace building with accommodation arranged over ground, basement, first and second floors. The adjacent El Chico’s is a mid-terrace building with accommodation arranged over ground, basement, first and second floors. Externally the property benefits from a large car park to the rear.

    The Horse & Groom
    Ground Floor: Open plan customer trading area with a central bar servery. Gentlemen’s and disabled WC’s are located to the left of the bar servery and the ladies are located to the right.

    First Floor: Accessed by two sets of internal staircases and comprises a function room to the rear with a separate bar servery, WC and storage. Ancillary accommodation includes six rooms (one of which is ensuite), two bathrooms, separate WC, domestic kitchen, trade kitchen, preparation area, office and storage.
    Second Floor: Accessed by an internal staircase and comprises six rooms, two bathrooms, two separate WC’s and a kitchen.

    El Chico’s

    Ground Floor: Open plan trading area with bar servery and seating on loose tables and chairs for 60 customers. Ancillary accommodation to the rear includes customer WC’s and a trade kitchen.

    First & Second Floor: Ancillary accommodation comprising two rooms and a kitchen at first floor and three bedrooms and a bathroom at second floor.

    Basement: Ancillary storage.

    Location

    The Horse & Groom and El Chico’s are located in Streatham which is a busy residential suburb in South West London. The properties occupy a prominent roadside plot adjacent to the A23 with surrounding occupiers including Nando’s, KFC, The Rebel Inn (Stonegate Tenancy) and German Doner Kebab. The Horse & Groom and El Chico’s are located just 0.1 miles south of Streatham Hill train station which provides regular services into Central London.

    Tenure

    The properties are held freehold on two separate titles as outlined below

    The Horse & Groom (Title No. 364010) – available with vacant possession.

    El Chico’s (Title No. 408556) – the entire property is let to Candybell Limited expiring on 22 June 2034 at a current rent of £25,000pa which is subject to an open market review on 18 July 2027 and five yearly thereafter. The leasehold title is edged in blue on the adjacent title plan.

    Rateable Value

    The Horse & Groom has a current rateable value of £44,900. The rateable value from 1st April 2023 will be £38,000.

    El Chico’s has a current rateable value of £15,000. The rateable value from 1st April 2023 will be £17,000.

    EPC

    The Properties have the following EPC Ratings:

    The Horse & Groom: In the course of preparation

    El Chico’s: B-39

    Planning

    The Properties are not listed but are situated within Streatham High Road and Streatham Hill Conservation Area. The pub is included within the London Borough of Lambeth's Local Heritage List.

    All other queries relating to planning should be directed to the planning department of the London Borough of Lambeth www.lambeth.gov.uk

    Viewings

    All viewings must be arranged through the sole selling agents Savills and under no circumstances should any direct approach be made to any of El Chico’s staff.

    Terms

    Offers are invited in excess of £2.75m for our client’s freehold interest in both the Horse & Groom and adjoining El Chico’s restaurant investment.

    VAT

    VAT will be applicable.

    Money Laundering

    Money Laundering Regulations require Savills to conduct checks upon all Purchasers (including Agents). Prospective purchasers will need to provide proof of identity and residence.

    Location

    marker
    Location: Horse & Groom And El Chico's, 60 Streatham High Road, London, SW16 1DA

    Balham (1.1 miles)

    Clapham South (1.4 miles)

    Tooting Bec (1.4 miles)

    Streatham Hill (0.4 miles)

    Streatham (0.8 miles)

    Tulse Hill (1.0 miles)

    close
    What do you think of our website?
    Complete our survey and
    you could win £1000
    Start here