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Crocker's Folly CROCKER’S FOLLY CHARTERED SURVEYORS LICENSED LEISURE SPECIALISTS 24 Aberdeen Place, St John’s Wood, London NW8 8JR To let on a new free of tie lease, in all approximately 7,500 sq. ft plus outdoor trade area. OVERVIEW Crocker’s Folly is a very famous pub, the story being that this magnificent pub was constructed by Mr Crocker in 1898 to serve the new terminus of the Great Central Railway, his mistake being that Marylebone Station was established some 900m to the south. AG&G’s Client invested significantly in the property approximately two years ago, creating four flats in the Arguably the upper parts (which are not part of this letting) and fully renovating the interior and exterior of the property. most magnificent interior of any pub in the land. OPPORTUNITY St John’s Wood is an upmarket residential neighbourhood situated a little over one mile from the West End of London, easily accessible therefrom by taxi or public transport. The truly magnificent interior of this Grade II* listed building provides an operator with an unrivalled opportunity to establish a distinguished pub and dining offer of high repute. The basement catering and support facilities are extensive and impressive. Significantly invested in and in resplendent condition. ACCOMMODATION The ground floor comprises three main trade areas, the Public Bar, Saloon Bar and Dining Room. Together with ancillary facilities, this area extends to a gross internal area of approximately 3,130 sq ft (291 sq m). There is an outdoor terrace to the Aberdeen Place frontage, extending to approximately 1,110 sq ft (103 sq m). The basement comprises the male and female customer WC’s together with comprehensive catering, preparation, wash up and walk-in refrigeration facilities. In addition, storage areas, staff changing rooms and plant/service facilities, approximately 4,327 sq ft (402 sq m). There is a goods lift from the terrace to the basement. NB. the areas shaded red on the below plans are excluded from the letting, they are linked to the upper floor residential accommodation. Ground Floor Basement All areas are extremely well invested and presented to the highest standard. Premises Licence The premises licence permits the sale of alcohol between the hours of 10:00am and 11:30pm Monday to Thursday, 10:00am to LOCATION midnight on Friday and Saturday and noon until 10:30pm on Sunday. Trade on the west The property is located at the junction of Aberdeen Place and Cunningham Place in the St John’s Wood neighbourhood section of the terrace (approximately 30% of of London. Marble Arch lies approximately 1,750m to the south east, Regent’s Park approximately 750m to the east the area) is not permitted beyond 7:00pm and and Lord’s Cricket Ground approximately 350m to the north east. The property is within 1,200m of seven Underground the remainder of the terrace is not to be used and Train Stations including St John’s Wood to the north, Marylebone and Paddington to the south. after 9:00pm. Planning From enquiry of Westminster City Council, St. John’s Wood it has been established that the property is Listed as being of Special Architectural or We Historical Interest Grade II*, the property llington R also falling within the St John’s Wood d conservation area. Regent’s Park Maida Vale Taxation Lord’s Cricket Ab ood Rd b Ground W The property is assessed as a public house ey s R ohn’ d J and premises with a current rateable value of St £68,500. The draft new rateable value being Ma id Pa a £90,000. V rk a Rd le Crocker’s Folly EPC Li A copy of the EPC report is available upon ss on Gr request. ov e Basis of Letting Ed Warwick Avenue g wa Baker Street The sole letting agents. AG&G are seeking re Rd Marylebone rental offers in excess of £200,000 per Crocker’s Folly annum for a new 20-year lease. This will Cu Rd n d n be on modern commercial terms, the o in g Wo h s a Marylebone Rd n’ m tenant having full repairing and insuring oh No J Pl Edgware Road St r thw responsibilities. The rent to be subject to ic k Royal Oak T annual indexation based on the RPI and e rrace five yearly open market reviews, upwards Ma Pl n id ee only. The lease will be free of all ties. The a rd V e a Ab le St incoming party will be required to purchase all n to er sh St inventory and equipment, at valuation, on the Crocker’s Folly, 24 Aberdeen Place, St John’s Wood, London NW8 8JR Fi n so rd a usual basis. Paddington Orch CHARTERED SURVEYORS LICENSED LEISURE SPECIALISTS 8 Exchange Court, Covent Garden, London, WC2R 0JH T 020 7836 7826 F 020 7836 7829 W www.agg.uk.com Viewings The operation is presently trading. Interested parties, if attending for a discrete customer based inspection, are able to do so but are requested not to make the purpose of their attendance known to any members of staff or customers. For a full inspection, which is strongly recommended, particularly of the basement areas, please contact the below named. Further Information For further information and to arrange an inspection, please contact Oliver Todd or David Gooderham of the sole letting agents, AG&G. Important information AG&G have not verified any of the information in this document and it has been reproduced in good faith. AG&G offer no duty of care to any interested party or any recipient of this document either in relation to the information contained herein or any other information which is provided at any stage unless such information is provided in writing and qualified accordingly. Own investigations must be relied upon. AG&G who are retained by the freeholder as the sole agent, nor any of its employees, makes any express or implied representation or warranty and no responsibility or liability is accepted as to the adequacy, accuracy, completeness or reasonableness of the facts, opinions, estimates, forecasts or other information set out in this information document or any further information, written or oral notice, or other document at any time supplied in connection with it and nothing contained herein shall be relied upon as a promise or representation regarding the historic or current position regarding the property. The measurements included within this document and the available plans are provided for guidance purposes only and no reliance should be placed on these when making any offer either expressly or impliedly and for the avoidance of doubt AG&G will not be liable for any losses arising as a result the bidder placing any reliance on such measurements. The successful bidder may undertake a measured survey of the building prior to exchange of contracts to enable it to satisfy itself of the precise measurements should they require. No approaches of any kind may be made by parties in receipt of this information document to any officers, employees, customers or suppliers of the subject businesses without express prior written consent. Neither this information document nor the information contained herein may be reproduced or passed to any person or used for any purpose other than that stated above. By accepting delivery of this information document the recipient accepts these terms and agrees, upon request to return all material received from AG&G or the freeholder, including this document without retaining any copies thereof..
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