21 February 2013

Railway Tavern looks to the future

The Railway Tavern in Forest Gate dates back to the 1870s – the heyday of the industry its name celebrates – but it’s now looking to the future with a sale through licenced leisure specialists AG&G.

Directly opposite Forest Gate Railway Station which is due to be upgraded to a Crossrail Station when the service is anticipated to being in 2018, it’s an area containing a mixture of residential and commercial property, giving it potential for redevelopment or alternative use, subject to necessary consents.

On sale freehold at a guide price of £725,000, the building footprint is around 2,813 sq ft (261 sq m), on a site of more than double that, at around 6,001 sq ft (557 sq m).

“The ground floor comprises interlinked trade areas operated from a single servery with customer WCs” says AG&G’s Michael Penfold. “Upstairs, there is plenty of space, with eight rooms, kitchen, lavatory and bathroom and storage areas over two floors. Below is the beer cellar and general storage. The new buyers will also get a trade garden with vehicular access, from the rear.”

If it remains as a pub, current licensing hours are 10am to 12am from Monday to Wednesday, to 2am on Thursday and Sunday and 3am on Friday and Saturday.

For more information, contact Michael Penfold on 020 7836 7826, e-mail michael@agg.uk.com.

AG&G are chartered surveyors specialising in the licensed leisure industry, with the skill and experience needed to value, assess or promote a property not simply as bricks and mortar but as a business. If it involves the price of a licensed premises, its profitability, rental value, investment prospects or value in a dispute, AG&G can help.

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