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FREE OF TIE LEASE FOR SALE

WORCESTER PARK, GREATER , KT4

HG WELLS PH, 101 COMMON ROAD, , , KT4 8TA

• Sizeable pub with large trade garden and car parking for approximately 20 vehicles • 20-year free of tie lease expiring in April 2037 with a passing rent of £150,000 per annum • Management accounts show net turnover of circa £1,125,000 for the period ending 7th February 2018 • Licensed until 1:00 am Friday and Saturday • Building footprint approximately 415 sq m / 4,468 sq ft • Site area approximately ½ an acre

FREE OF TIE LEASE FOR SALE PREMIUM OFFERS INVITED SUBJECT TO CONTRACT sole selling rights

LONL406 8 Exchange Court, Covent Garden, London WC2R 0JU • Tel: 020 7836 7826 • www.agg.uk.com A.R. Alder BSc (Hons) FRICS • J.B. Grimes BSc(Hons) MRICS • D. Gooderham MRICS • R.A. Negus BSc MRICS

Notice AG&G for themselves and for the vendor of this property, whose agents they are given notice that 1. These particulars do not form any part of the offer or contract. 2 They are intended to give a fair description of the property. but neither AG&G nor the vendor accept responsibility for any error they may contain, however caused. Any intending purchaser must therefore satisfy himself by inspection or otherwise as to their correctness. 3 neither AG&G, nor any of their employees, has any authority to make or give any further representation or warranty in relation to this property. Unless otherwise stated, all prices and rents are quoted exclusive of Value Added Tax (VAT). Any intending purchasers or lessees must satisfy themselves independently as to the incidence of VAT in respect of any transaction. agg.uk.com | 020 7836 7826 Location

The property is situated within the , a short distance west of London Road (A24) fronting Cheam Common Road at its junction with Shrubland Grove. The immediate area comprises densely populated residential accommodation. Cheam is approximately 1.6 milometers to the south of the property and is circa 1.8 kilometres to the north. Worcester Park Railway Station is approximately 1.3 kilometres to the north west providing frequent services to London Waterloo in an average journey time of circa 30 minutes.

A location plan is enclosed.

Description

The HG Wells Public House is an imposing detached Victorian property with brickwork elevations and four chimneys giving the property a distinctive appearance. The property includes car parking for circa 20 vehicles to the front and a sizeable trade garden to the rear with its own bar and covered seating area (photograph overleaf). Internally the ground floor has two interlinked trade areas with a central bar servery, customer WCs, kitchen, office and storage areas. The first floor comprises seven rooms, WC and shower. The basement has usual cellarage / storage.

According to ProMap the building footprint is approximately 415 sq m / 4,468 sq ft and the site area is circa ½ an acre.

NB: The floor areas set are approximate and is for guidance purposes only and no reliance should be placed on this when making any offer to purchase either expressly or impliedly and for the avoidance of doubt AG&G Chartered Surveyors will be not liable for any losses howsoever arising in law as a result of the bidder placing any reliance on such measurement. The successful bidder should state if they wish to undertake a measured survey prior to exchange of contracts to enable it to satisfy itself of the precise measurements.

Services

We are advised that the property is connected to all mains services.

Licensing

It has been ascertained from enquiry of the London Borough of Sutton that the property has a Premises Licence permitting the sale of alcohol from 9:00 am until 12:00 midnight Monday to Thursday; until 1:00 am Friday and Saturday and until 11:00 pm on Sunday.

Rating Assessment

The property is listed in the April 2017 Rating List as a public house and premises with a Rateable Value of £55,500.

Tenure / The Business

The property is held under the terms of a 20-year free of tie leasehold interest expiring in April 2037. The passing rent is £150,000 per annum and the next rent review is April 2022. The lease has annual rental increases in line with the All Items Index of Retail Prices (RPI) and the tenant is to pay a ‘Repair and Maintenance Fund’ to the landlord in the sum of £12,000 per annum.

The premises currently trades as a traditional locals public house with a wide selection of alcoholic / non-alcoholic beverages and a selection of pub food available.

Further Information and Viewing

For further information and to arrange a viewing please contact Michael Penfold of the sole selling agents AG&G on - Tel: 020 7836 7826 or Email: [email protected]

EPC

An EPC report is available upon request.

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