JD Wetherspoon & 2 Flats, Winchmore Hill, Greater London

749 Green Lanes, Winchmore Hill, London N21 3SA, UK

Basic Facts

Freehold Blue-Chip Pub Investment.
An attractive mid terrace property (an ex-Sainsbury’s) comprising a Large Ground Floor Pub with rear access, via Broadway Mews, to Storage/Trade Kitchen.
A Self-Contained Flat at first floor level and a Self-Contained Duplex Flat on the second and third floors in addition, there is a Rear Yard.

Winchmore Hill lies approximately 2 miles from Palmers Green and 11 miles north of Central London.
In this popular main road shopping location where there are a host of local traders and multiples including Waitrose, Ladbrokes and Bang and Olufsen. Winchmore Hill Rail Station is within easy walking distance.

The entire property is let on a full repairing and insuring lease to Bigger Peach Ltd (having 3 Pubs) (original lessee with privity of contract is JD Wetherspoon PLC) for a term of 40 years from 25th December 1990 at a current rent of £48,900 per annum.
Rent Reviews December 2020 (Freeholders have served Notice at £62,500 pa) and 2025.
Potential exists to extend and/or reconfigure the residential parts to create additional accommodation/units, subject to obtaining possession and the necessary consents.