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The Duke of Richmond

316 Queensbridge Road, Hackney E8 3NH
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Ref: 4256569
Virtual Freehold£500,000 Plus VAT

Contacto

David Wilson
David WilsonAssociate Director

Características principales

  • Guide Price Reflects 12% Gross Yield
  • 20 Year Lease in Place from July 2025
  • £60,000 per annum rent
  • Lock up Ground Floor and Basement Property
  • External Seating Below Heated Canopy
  • 232 sqm - Energy Rating B
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The Duke of Richmond
316 Queensbridge Road, Hackney E8 3NH
Ref: 4256569

The Duke of Richmond

Descripción

The Duke of Richmond is a well-established neighborhood pub and restaurant. The property features an elegant dining space and an outdoor seating area for al fresco dining on the ground floor and a basement kitchen. It is positioned at a prime corner location with excellent public transport links and surrounded by local amenities and a vibrant community.

Ubicación

Situated at 316 Queensbridge Road, Hackney, London, E8 3NH, The Duke of Richmond is a notable neighborhood pub and restaurant occupying a prime corner location at the intersection of Queensbridge Road and Richmond Road. This establishment offers both indoor and outdoor seating areas and the location boasts excellent public transport links and proximity to local amenities and green spaces, making it a highly visible and accessible venue within a vibrant and culturally rich community.

La oportunidad

This is a virtual freehold held on a 999 year lease dated 13.10.1999 with peppercorn rent.

Permisos

The property is located in a Conservation Area and is Listed, Grade II. We are not aware of any recent planning applications in relation to the property.

Tenencia

The property was let on a fully repairing and insuring underlease, contracted in to the landlord and tenant act 1954, for a term of 20 years, in July 2025. The annual rent is £60,000 plus VAT and is subject to 5 yearly rent reviews. A 4 month rent deposit, increasing by an additional 2 months on the 1st anniversary of the lease, and a personal guarantee has been secured from the tenant.

Datos comerciales

The VOA lists the property as a restaurant and premises with a rateable value of £34,500 from April 2023. The local authority is Hackney Council.