** LEASEHOLD SALE ** SOLE AGENCY **

THE COACH HOUSE PH. 40 WATLING STREET, BEXLEYHEATH, KENT. DA6 7QG

Location: Well sited landmark public house with large car park and extensive internal public areas conveniently situated within the London commuter belt and easily located on the main Road (A207) through the affluent town of Bexleyheath. The premises offer the opportunity to expand on the existing established trade, we are advised by the vendors the premises are shortly to be completely redecorated externally, thus enhancing the appeal to passing trade. The premises are best approached via the main A2 (Rochester Way), taking the turning North by the Holiday Inn Hotel (Previously the Black Horse) on to the A220 signed Bexleyheath, turning right at the second set of lights into Watling Street, the premises cannot be missed and are a short distance on your left with easy parking.

Trade areas: The main entrance is situated to the left elevation of the premises off the car park via the lobby to a surprisingly very large and spacious recently tastefully re-carpeted L shaped comfortable bar area with various raised areas off, the public areas are complemented by an abundance of traditional style public house furnishings and a large screen TV. A dedicated attractive raised dining area is set to the rear, which expands into the main bar during busy periods; the public areas are serviced by a central L shaped fully equipped and attractive servery incorporating a heated and illuminated attractive carvery. Internal Ladies and Gent WCs are off the main bar. The trade kitchen is easily accessed off the servery and is fully fitted with an extensive amount of stainless steel catering equipment with a wash up area off and a further covered store with walk in freezer and refrigerator. Premises have a basement cellar with refrigerated beer store; we are advised the premises are fully alarmed and fitted with GFCH throughout.

Externally: Large customer parking area to the side and rear of the premises, small patio and smokers area with picnic benches to the rear elevation, front of the premises have a patio drinkers / smokers area with further picnic benches and large trade parasols in use during the summer months.

Private Accommodation: Over first and second floors: Second floor: Four double bedrooms: First floor: Bathroom, lounge and kitchen.

Trade: Latest full year accounts ending 30th November 2008 indicate turnover at £436,900. Latest accounting period: (Seven Month period: 1st May to 30th November 2009) indicate turnover of £204,885: With projected annualized turnover of £351,123. With a 50% split on wet and dry sales we are advised combined sales are producing a GP of 61%. All figures are net of VAT. Trading accounts will be made available to serious enquirers.

Tenure: 6 years fully assignable lease remaining on a full repairing and fully Insuring Punch Pub Co lease, options to extend or renew at termination can be discussed with the landlords: Full tie for beers and minerals only. Wines and spirits free of all ties. 50% of machine income profit is paid to the Lessee.

Rent / Rates / Licence: Currently £41,393.pa. (Net of VAT), next review due November 2011. and five yearly thereafter. Rates: The current net business rates payable are £19,768.00.pa. Licence: Premises licence: Permitted hours 10am to 12pm Sunday to Thursday, 10am to 1am Friday and Saturday.

Price: We are requested to seek realistic offers to £130k for the unexpired lease to include extensive full trade inventory, plus stock and glassware at completion, additional funding will be required for some advance rent and legal fees. (Finance is available, subject to status).

Viewing: Discreet viewing of the public areas during normal hours, arrangement to view the accommodation is strictly by appointment through the agency on 01634 254408


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