Savills | Le QuecumBar, 42-44 Battersea High Street, SW11 3HX | Properties for sale
1,603 sq ft(148.92 sq m)
Excess of £950,000

Le QuecumBar, 42-44 Battersea High StreetSW11 3HX

  • Freehold

Key features

  • Freehold public house investment for sale
  • Managers accommodation located at first floor
  • Lease expiring February 2021 at a current rent of £40,500 per annum
  • Surrounding occupiers include Thomas’s School, Royal Academy of Dance and Battersea Park
  • Within a 15 minute walk of Clapham Junction National Rail Station
  • Guide price £950,000
  • Potential to obtain vacant possession
  • Potential for conversion of the first floor to residential and additional stories along with a ground and basement lockup pub STPP and vacant possession

Freehold public house investment for sale, with the potential for redevelopment of the upper floors.

About this property

  • Description
    The property occupies the basement, ground and first floors of a detached brick built building with part exposed brick, part rendered elevations, beneath a pitched tiled roof.

    The property provides a trading area to the ground floor for approximately 65 covers. To the rear is a small kitchen with a trade garden to the rear of the property. The upper floors provide three bedroom living accommodation with lounge, kitchen and bathroom. The basement provides a cellar and stores.

    Viewings
    Potential buyers are encouraged to undertake a customer visit in the first instance. Under no circumstance should any direct approach be made to any of the occupational tenants’ staff.

    For further information and all formal viewing requests please contact the sole selling agents Savills.

    Terms
    We are instructed to invite offers in the region of £950,000 for our clients freehold interest.

    Development Potential
    The property benefits from the potential to convert the first floor to residential along with additional stories and the creation of a ground and basement lockup public house subject to obtaining the necessary planning consent and vacant possession. Residential values remain strong in the area with capital values in the region of £900 psf.

    Licensing
    The property has been granted a Premises Licence in accordance with the Licensing Act 2003. We understand that the pub is permitted to sell alcohol as follows:

    • Sunday to Thursday 10:00-00:00
    • Friday to Saturday 10:00-01:30

    Rating
    The subject property is entered in the 2017 Rating List with a Rateable Value of £13,750.

    EPC
    C-(69).

    Tenure
    The property is held freehold.

    The entire property is let on a 30 year lease which expired on the 2 August 2020. The tenant has served a section 26 notice and our client has agreed a six month extension to the statutory period to expire on the 2nd February 2021. The current passing rent is £40,500 per annum.

    VAT
    It is envisaged that the property will be sold as a TOGC so the transaction should therefore be exempt from VAT.

Local information

  • Le QuecumBar is located in the London district of Battersea, South West London approximately 3.5 miles south west of Central London. To the south is the A3205 which provides access to Wandsworth in the West and Vauxhall in the East. Battersea Square is a short distance to the north and comprises a selection of operators including the London House restaurant by Gordon Ramsey and GAIL’s bakery .
  • The property is situated in a mixed commercial and residential area with The Woodman public house (Hall & Woodhouse) located to the immediate south with Thomas’s School adjacent and The L’Ecole De Battersea pre prep & Preparatory French – English School is situated to the east. Battersea Square is a short distance to the north and comprises a number of restaurants including Mazar’s, Ludlow’s and Suzette. The Royal Academy of Dance is also situated just off Battersea Square.

Energy performance

EPC Rating is C (69)

Available space

Floor / UnitTypeSizeStatus
Ground-1458 sq ftAvailable
1st-990 sq ftAvailable
Basement-419 sq ftAvailable