Newby Place, London E14

  Ref 024458    

Newby Place, London E14

Ref 024458

  • £29,446.26 pa  

    Under Offer

    £29,446.26 pa  

    Under Offer

  • Description

    Comprising a sui generis pub and 4 bedroom duplex flat arranged over lower ground, ground, first & second floors. The lower ground floor is currently used as a cellar and storage. A newly installed Heineken pump system is in the cellar. The ground floor comprises a pub with fully fitted bar and seating for 40 plus standing. The rear beer garden is also arranged with 30 covers plus standing. The upper part comprises a 4 bedroom flat with kitchen, living room and bathroom.

    NB Our client has advised us that the property can only be used as a pub or drinking establishment.

    Gallery

    Areas

    Ground floor 1418 sq ft (131 sq m) Garden 518 sq ft (54 sq m) Plus 4 bed duplex apartment

    Lease

    Held on an existing 10 year lease from April 2021 at £29,446.26 pa with yearly RPI linked rent increases and an upward only open market rent review in the 5th year. The lease is renewable (held within the Landlord & Tenant Act 1954).

    £80,000 sought for the benefit of the lease, fixtures, fittings and equipment.

    Location

    Situated on Newby Place close to the junction with the A13 and Poplar High Street and within very close proximity to Canary Wharf. The area is highly dense with residential accommodation and the premises is easily accessible. There are many hotels, restaurants and named brands within close proximity. The nearest station is Blackwall Railway on the DLR line as well as West Ferry.

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    Under Offer

    £29,446.26 pa