17 April 2013

Suburban pub is worth of a punt

Suburbia might not have appealed to the Pet Shop Boys but it’s home to nearly five million Londoners and is likely to be a key selling point of Tommy Flynns in Hillingdon, UB10.

Potential investors will also be interested to know that the generously-proportioned landmark pub comes with a large trade garden and parking for 20 cars, giving a total site area of around 2,494 (26,850 square feet). The footprint of the two-storey-plus-basement building is approximately 420 square metres (4,524 square feet).

“Tommy Flynns is in a prime residential area within easy reach of J14 of the M25 and J4 of the M4, as well as the A40, so it is very well-connected. Uxbridge and Brunel University are just a short drive away and the green open space of Hillingdon Court Park is within easy walking distance,” says James Grimes of licensed leisure specialists AG&G, who is handling the sale.

“This is a freehold property with lots of potential because of its size and location. It could easily end up as a convenience store, residential development or mixed-use scheme – alternatively it could continue as a pub or restaurant. We think there will be quite a few investors willing to take a punt on it.”

The ground floor trading area features an L-shaped servery, two sets of customer WCs, a trade kitchen and storage. There is six-bed accommodation on the first floor and a beer cellar and storage area in the basement.

The pub is licensed from 7am to 12 midnight Sunday to Thursday and until 1am on Friday and Saturday.

The freehold is being offered with vacant possession off a guide price of £950,000. Open viewings are being held on Friday 19 April and Thursday 25 April from 10am to 11am.

For further information, contact David Gooderham on 020 7836 7826 or e-mail dgooderham@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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