16 January 2014

Hollybush ups tempo of Enfield pub market

Enfield is a London borough on the rise – as rising prices for licensed premises demonstrate. Anyone wanting to catch this wave should check out the Hollybush on Lancaster Road, up for sale with vacant possession through licensed leisure specialists AG&G.

“At a guide price of £775,000, the property will interest not only pub and restaurant operators but also retailers and developers,” says AG&G’s Michael Penfold

“The Hollybush is large, with a footprint of more than 3,400 square feet on a site of more than 6,700 square feet, and situated on a prominent corner in a mainly residential district. It’s also near Gordon Hill railway station, which is just 35 minutes to Moorgate station in The City, so there is potential for alternative uses.”

The ground floor of more than 3,100 square feet is given over to an open plan trade area with L-shaped servery, function room with its own bar and customer lavatories. The first floor of more than 2,000 square feet features six rooms, kitchen, bathroom and WC, plus storage. An alleyway has a separate exit to the first floor via a fire escape. A basement contains the usual beer cellar and storage.

The current licence allows sales between 10am and 11pm Monday to Thursday, to 11.40pm on Friday and Saturday and to 10.30pm on Sunday.

A pub has been on the site since at least 1850, known variously as the Holly Bush, the Holly Tree and the Hollybush. Locally, the north side of parkland called Enfield Chase is known as Holly Bush after the pub.

For further information, contact Michael Penfold on 020 7836 7826 or e-mail michael.penfold@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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