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KIRKDALES BAR
Kirkdales is situated opposite Leytonstone (Central Line) Tube & Bus station, 15 minutes from Liverpool Street. Established regular trade and increasing commuter (city workers) trade. |
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'Continental Style' Bar/Brasserie, comprising 3 small retail outlets converted into one. Kirkdales has grown from one of these units in the mid-eighties, to it's current size. The nature of the set-up allows for maximum flexibilty in terms of offerings, i.e. Wine Bar/ Bar-Diner etc. licenced for pavement seating (20 or so) first floor Catering Kitchen and Dumb Waiter in need of upgrading, level Beer Cellar, centrally located Bar Service, Sky Sports, Centrally Heated, Managers Accommodation comprising Semi Self-Contained 2 bed Apartment. |
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| Services |
All main services, Intruder Alarm installed, Electric External Security Shutters.
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| Tenure |
17+ years remaining on the original 25 year lease (full running repairs).
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| Trade |
95% Wet Trade. Overwhelmingly the major advantage is the location in an Olympic Borough, it will benefit from massive inward investment in infrastructure, thousands of construction workers need to be recruited, no doubt these people will predominantly live in the area, in digs, and will be looking for places to spend money of an evening, one cannot quantify the magnitude of the forthcoming ‘feel good factor’ for existing residents who will see their properties increase in value by up to 50% over the coming years. The lasting legacy (10 minutes from the Stratford International Rail Terminal currently under construction) is enormous.
The area has already undergone significant improvement to transport links, as well as substantial additional nearby housing scheduled for completion/occupation this Autumn/Winter, one development of 53 apartments is within 50 yards on the same side of the street! |
| Trading |
Management accounts available to November 2003 showing turnover at £240,000.00 52% accounts to November 2004 with our auditors. |
| Rates |
London Borough of Waltham Forest £8000.00 per annum Rent £30,000.00 per annum |
| Licence |
Full Justices Licence
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| Price |
£150,000.00 (net of costs) for the residue of the lease, goodwill, fixtures and fittings. |
| Viewing |
Full viewing is STRICTLY by appointment with the Vendor’s. |
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| All Negotiations for this Sale are being handled by :
Best Pub Sales
The Oaks
Woodham Rise
Woking
Surrey
GU21 4EE
Tel: 01483 762832
Fax: 01483 762832
E-Mail: admin@bestpubsales.co.uk
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