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Free Of Tie Lease Assignment Or Sub-Lease For Sale

Greenwich, London, UK
Asking Price:
Undisclosed Furniture / Fixtures included
Turnover:
On request
Net Profit:
On request

Rare opportunity to acquire the lease assignment or secure a new sub-lease on the historic Ye Olde Rose & Crown, a fully fitted and equipped free of tie pub in the heart of Greenwich, South East London. Established during the reign of Queen Elizabeth I and rebuilt in 1888, this well-known traditional pub benefits from a strong trading history, an established food and drinks offering, and a busy entertainment calendar featuring quiz nights, karaoke, drag shows and cabaret events.

Occupying a prominent corner position adjacent to Greenwich Park, the business is ideally located within one of London’s most popular tourist and commuter destinations. The pub is surrounded by major attractions including the National Maritime Museum, Cutty Sark, Greenwich Theatre, Greenwich Market and the Royal Observatory, generating consistent footfall from both visitors and affluent local residents. Greenwich Railway Station is approximately 500 metres away and the property benefits from excellent transport links into Central London.

The substantial premises extend across basement, ground, first and second floors with a total gross internal area of approximately 324 sq m (3,488 sq ft). The ground floor provides a spacious trade area with single bar servery and dual entrances, while the basement includes customer WCs, beer cellar and storage. Upper floors include office space, commercial kitchen facilities and sizeable residential accommodation with multiple bedrooms, reception room, bathrooms and additional kitchen areas. The venue operates under a premises licence permitting alcohol sales seven days a week and offers excellent scope to further develop food sales, private hire events, entertainment programming and destination pub trade.

The business is offered fully fitted and equipped with a lease expiring in March 2044, providing long-term security for an incoming operator. The lease benefits from fixed annual rental increases of 2.5%. Full support and handover information can be discussed with interested parties.

Enquiries are invited from experienced operators, hospitality groups and investors seeking a landmark London pub opportunity in a prime Greenwich location.

Property Information

Property:

Leasehold

Lease Terms:

Free of tie leasehold with passing rent of £234,910 per annum. Lease expires March 2044 with fixed annual rental increases of 2.5%.

Lease Rent:
£234,910 per sq ft per annum
Living Accommodation:

Upper floors include residential accommodation comprising multiple bedrooms, reception/living room, bathrooms and kitchen facilities.

Location:

The property is situated within the Royal Borough of Greenwich, approximately six miles south-east of central London.

Ye Olde Rose & Crown occupies a prominent position at the junction of Crooms Hill and Nevada Street, a short walk from Greenwich Park and the National Maritime Museum. Greenwich Railway Station is approximately 500 metres to the south-west and the property also benefits from several bus routes along Nelson Road and A200 towards Central London.

The local area is both a major tourist destination and an affluent commuter hub. Greenwich is home to various attractions and heritage sites including the Cutty Sark, Royal Observatory, National Maritime Museum and the Old Royal Navy College. Nearby occupiers include El Alquimista, Greenwich Theatre, Greenwich Tavern, Pizza Express and Sticks ‘n’ Sushi.

Premises Details:

Attractive corner public house arranged over basement, ground, first and second floors. Ground floor trade area with single bar servery and two customer entrances. Basement beer cellar and storage. Upper floors include office space, commercial kitchen and extensive residential accommodation. Total gross internal area approximately 324 sq m (3,488 sq ft).

Size in square feet:
3,488 sq ft
Planning Consent:

The property is not listed but lies within a conservation area.

Energy Performance Rating:
C

Business Operation

Expansion Potential:

Potential to further develop food operations, private events, entertainment nights, tourism trade and premium drinks offerings. Opportunity to maximise upper floor accommodation and enhance marketing initiatives.

Reasons for selling:

Lease assignment or sub-lease opportunity.

Trading hours:

Premises licence permitting alcohol sales:Monday to Thursday: 11:00 AM – 11:00 PMFriday and Saturday: 11:00 AM – 12:30 AMSunday: 12:00 PM – 10:30 PM

Years established:
Historic trading venue dating back to the reign of Queen Elizabeth I, rebuilt in 1888.

Other Information

Support & training:

Handover support available subject to agreement.