savills.co.uk

Licensed Leisure Savoy Tup

� Sought after central London location just off the busy Strand

� Close to various theatres, hotels, offices and tourist attractions

� Short distance from Covent Garden and the River Thames

� Two-trading floors with independent bars � Over 13 years unexpired lease term � 100% wet sales

2 Savoy Street, London, WC2R 0BA

Free of Tie Public House - Premium OIEO £210,000

Savills33 Margaret StreetLondon W1G 0JD

+44 (0) 20 7877 4666 +44 (0) 7807 999 504

LocationThe Savoy Tup is located 20 metres south of the famous Strand and 50 metres west of the junction of Waterloo Bridge in Central London opposite the Queen’s Chapel gardens. Within the immediate area are a number of London’s historic theatres, galleries and opera houses with other well known restaurants and hotels close by, including Simpsons on The Strand, The Savoy Hotel and American Bar, the Lyceum Theatre, Joe Allen, the Radio Rooftop Bar, ME London and Somerset House. Public houses in the vicinity include The Lyceum Tavern and The Wellington. Approximate distances to key locations are provided below:

� Victoria Embankment and the River Thames 450 ft (140 metres) to the south.

� Covent Garden Market and underground 0.3 mile (550 metres) to the north.

� Temple underground 0.3 mile (550 metres) to the east.

� Charring Cross mainline and underground stations 0.3 mile (550 metres) to the west.

� London Waterloo 0.7 mile (1.1 km) to the south.

The immediate area is densely populated and comprises a mix of office, commercial, retail and leisure properties. The Savoy Tup is located within a larger block that contains the Brettenham House building and offices. The public house is adjacent to Tesco Express.

Property Description A mid-terraced public house constructed over basement, ground and first floors of mainly steel frame and concrete construction. External elevations are partly wood clad and painted with wood frame fenestration. Abutting the subject property is a retail store and office space comprising Wellington House.

We understand the following approximate Gross Internal Areas to be correct:

Area Sq M Sq FtGround Floor 56 601First Floor 68 731Basement 58 632Total 182 1,964

Internal DescriptionThe Savoy Tup benefits from customer areas on the ground and first floor. The ground floor comprises an open plan bar seated and standing space for customers. The bar severy is positioned on the back wall. The first floor is accessed via an internal customer staircase and provides further trading and function space. WCs are located at upper ground in and first floor level.

Ancillary space is located in the basement and comprises a cold room, office and trade kitchen (not currently used).

The Business The Savoy Tup is traditional pub that is located in a secluded back street away from the busy Strand and Covent Garden. The pub is a popular lunchtime and post-work venue and is also available for private hire. The pub has an extensive range of gins and Real Ales. Please visit the businesses’ website for more information: www.savoytup-strand.co.uk.

Trade figures are available on request for seriously interested parties after a customer visit.

TenureFree of Tie Leasehold. We understand the property is held on the remainder of a 20 year FRI lease from 22 June 2011. The current passing rent is £74,999 pax plus annual service charge. We understand rent reviews are five yearly with the next in 2021.

Premium The Vendor is seeking Offers In Excess of £210,000 for the leasehold interest inclusive of goodwill and fixtures and fittings.

PlanningWe understand the property currently benefits from Class A4 use. We understand the property is not listed but is located in or on the boundary of the Strand Conservation Area. The property is located in the City of Westminster.

LicensingThe property has been granted a Premises Licence in accordance with the Licensing Act 2003. We understand that the pub is permitted to sell alcohol Monday to Thursday 10:00-23:30, Friday and Saturday 10:00 – 00:00 and Sunday 12:00 – 22:30. Opening hours may vary.

RatingThe subject property is entered in the 2017 Rating List with a Rateable Value of £53,000. The national multiplier for England and Wales for 2017/2018 is £0.497. Please note that transitional relief on rates payable may be applicable.

Fixtures and FittingsAll fixtures and fittings owned outright by the Vendor are included in the sale. Stock will be valued in addition on completion.

Energy Performance Certificate A copy of the EPC Certificate is available upon request. A D-(92) Rating has been calculated.

ViewingFor a formal viewing, strictly by appointment with Savills. Staff are not aware of the sale so please be discreet if visiting as a customer.

NOTE:- Reproduced from the Ordnance Survey Map with the permission of the Controller of H.M. Stationery Office. © Crown copyright licence number 100022432 Savills (UK) Ltd. NOTE:- Published for the purposes of identification only and although believed to be correct accuracy is not guaranteed.

Important Notice

Savills, their clients and any joint agents give notice that:

1. They are not authorised to make or give any representations or warranties in relation to the property either here or elsewhere, either on their own behalf or on behalf of their client or otherwise. They assume no responsibility for any statement that may be made in these particulars. These particulars do not form part of any offer or contract and must not be relied upon as statements or representations of fact.

2. Any areas, measurements or distances are approximate. The text, photographs and plans are for guidance only and are not necessarily comprehensive. It should not be assumed that the property has all necessary planning, building regulation or other consents and Savills have not tested any services, equipment or facilities. Purchasers must satisfy themselves by inspection or otherwise.

Designed and Produced by Savills Marketing: 020 7499 8644 | June 2018

ContactChris Bickle+44 (0) 7807 999 504 cbickle@savills.com