King Harold PH, Leyton

23 May 2016


SUBJECT TO CONTRACT

Dear Sir / Madam,

Please follow the below link for details of the King Harold PH, Leyton, available Freehold subject to an agreement for lease licence and subsequent lease.

The property is currently occupied under an agreement for lease licence. The 20-year lease is due to commence in August this year (or sooner). The rent payable is £100,000 per annum, subject to annual RPI-linked indexation and five yearly open market reviews, with a minimum rental uplift to £110,000 per annum in the fifth year.

The Tenant, Genius Star Pubs, is linked with Electric Star Pubs. They currently operate four pubs across Bethnal Green, Hackney, Homerton and King’s Cross. The Lease is subject to a personal guarantee and a rent deposit of £72,000.

The property is built on three storeys over part basement comprising a gross internal area of approximately 608.37 sq m (6,549 sq ft) and occupies a site area of approximately 450.4 sq m (4,849 sq ft).

The pub is closed and is not currently trading. If you wish to view the property, please contact one of the below two named.

If you have any questions, please contact Oliver Todd or David Gooderham on 020 7836 7826 or oliver.todd@agg.uk.com / david.gooderham@agg.uk.com.

Kind regards

AG&G

King Harold
Region: Leyton
Tenure: Freehold
Price: Guide Price £2,000,000 *UNDER OFFER*