The Constitution

“The Constitution” Located on the banks of the Regent's Canal, Camden, London. Bordering the massive redevelopment project at Kings Cross for the Channel Tunnel Rail Link. Enormous potential when above project is finished in 2007. Also potential for increase in food sales.

Situated in a quiet position on the Regent's Canal, The Constitution is a grand Victorian Building circa 1858. It has an award winning beer garden with views of the canal. At the moment it is a one bar operation but a cellar bar is presently under construction. It serves a very diverse local population with many young professionals moving into the immediate vicinity as commercial business increases alongside the Kings Cross Development. The Cellar bar will provide a venue for Jazz nights, comedy nights etc and will provide an opportunity to serve food in the  evenings. The Pub is free of tie which is rare in this thriving area, with 9 years remaining on the renewable lease. It has great potential for food and entertainment to grow alongside the development of the Kings Cross regeneration programme and Channel Tunnel Train Link. 

Cellar: Large cellar. All technical services, beer lines, cellar cooling system, beer (keg and cask) coolers, all newly installed. Half this large area is presently being converted into cellar bar with direct access to canal tow path. 

Ground floor: The main bar is large, well furnished, a new American Pine floor. Fireplace, two front, one side entrance. Rear door to garden. Ladies and gents toilets (gents recently completely retiled with new sanitary fittings). Servery for food preparation. Food presently served 12 - 3 Mon to Fri.

First floor: Huge office; two large kitchens ideal for conversion to trade kitchen with dumb waiter; Large sitting room. Second floor: 4 huge bedrooms. Newly fitted main bathroom. Master bedroom with en suite shower toilet and wash basin.

Services 

Alarms and all main services, electric, gas, fire,
water have Landlords Certificates of safety, all up to date.
Tenure 

It is an Enterprise Inns Free of tie renewable lease
with 9 years remaining.
Trade 

At the moment business is steady with a huge trade increase during the Summer months. GP is presently 61% and turnover is around £230,000. per annum. Audited accounts available up to August 31st 2003. Vat returns for current year available.
Sales 90% wet.
Net profits from machines, juke box and pool table around £250. per week.

Rates  Rateable value £14,100 p.a.
£360 per month for ten months payable.
Licence  Full justices On licence
Permit for 2 machines
Price  Price £200,000. for the residue of the lease, Goodwill and Trade Inventory
Viewing  Full viewing is STRICTLY by appointment with the Vendor’s.

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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