Prominent freehold public house available with vacant possession and adjoining restaurant investment currently let at £25,000 pa for sale
The Horse & Groom occupies a large end of terrace building with accommodation arranged over ground, basement, first and second floors. The adjacent El Chico’s is a mid-terrace building with accommodation arranged over ground, basement, first and second floors. Externally the property benefits from a large car park to the rear.
The Horse & Groom
Ground Floor: Open plan customer trading area with a central bar servery. Gentlemen’s and disabled WC’s are located to the left of the bar servery and the ladies are located to the right.
First Floor: Accessed by two sets of internal staircases and comprises a function room to the rear with a separate bar servery, WC and storage. Ancillary accommodation includes six rooms (one of which is ensuite), two bathrooms, separate WC, domestic kitchen, trade kitchen, preparation area, office and storage.
Second Floor: Accessed by an internal staircase and comprises six rooms, two bathrooms, two separate WC’s and a kitchen.
Ground Floor: Open plan trading area with bar servery and seating on loose tables and chairs for 60 customers. Ancillary accommodation to the rear includes customer WC’s and a trade kitchen.
First & Second Floor: Ancillary accommodation comprising two rooms and a kitchen at first floor and three bedrooms and a bathroom at second floor.
Basement: Ancillary storage.
The properties are held freehold on two separate titles as outlined below
The Horse & Groom (Title No. 364010) – available with vacant possession.
El Chico’s (Title No. 408556) – the entire property is let to Candybell Limited expiring on 22 June 2034 at a current rent of £25,000pa which is subject to an open market review on 18 July 2027 and five yearly thereafter. The leasehold title is edged in blue on the adjacent title plan.
The Horse & Groom has a current rateable value of £44,900. The rateable value from 1st April 2023 will be £38,000.
El Chico’s has a current rateable value of £15,000. The rateable value from 1st April 2023 will be £17,000.
The Properties have the following EPC Ratings:
The Horse & Groom: In the course of preparation
El Chico’s: B-39
The Properties are not listed but are situated within Streatham High Road and Streatham Hill Conservation Area. The pub is included within the London Borough of Lambeth's Local Heritage List.
All other queries relating to planning should be directed to the planning department of the London Borough of Lambeth www.lambeth.gov.uk
All viewings must be arranged through the sole selling agents Savills and under no circumstances should any direct approach be made to any of El Chico’s staff.
Offers are invited in excess of £2.75m for our client’s freehold interest in both the Horse & Groom and adjoining El Chico’s restaurant investment.
VAT will be applicable.
Money Laundering Regulations require Savills to conduct checks upon all Purchasers (including Agents). Prospective purchasers will need to provide proof of identity and residence.
|Name||sq ft||sq m||Availability|
|Ground - El Chico's Ground Floor||1,668||154.96||Available|
|1st - El Chico's 1st Floor||547||50.82||Available|
|2nd - El Chico's 2nd Floor||499||46.36||Available|
|Basement - El Chico's Basement||421||39.11||Available|
|Ground - Horse & Groom Ground||3,851||357.77||Available|
|1st - Horse & Groom 1st Floor||3,525||327.48||Available|
|2nd - Horse & Groom 2nd Floor||1,470||136.57||Available|
|Basement - Horse & Groom Basement||1,572||146.04||Available|