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Star South Highgate

Pubs & Bars • 47 Chester Road, London, Greater London N19 5DF Management opportunity
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Summary

An opportunity to run a site, in a desirable part of London has arisen. This site, which is a short walk from Hampstead Heath, isn't likely to be available for long.

Description

An opportunity to run a site, in a desirable part of London has arisen. This site, which is a short walk from Hampstead Heath, isn't likely to be available for long. The site is in need of investment, but this corner plot pub, with a separate function room, is a site with a number of traditional features and located in an area that's surrounded by strong demographics. The site has the potential to be a busy local, loved by those that live in the many houses that surround it.  Alongside our extensive planned works - this deal also includes an incredible opprtunity for you to put your own stamp on the internal decoration and trade area improvement here! Key Features • Huge Potential • Function Room • Desirable Location • Investment Possible Business & Financial Information • Estimated ingoings (upfront): £17,295 • Full deposit: £16,500 • Agreement fee: £795 • Guide rent (weekly): £1,269 • Guide rent (annual): £66,000 • Forecast turnover (weekly): £654,662 • Forecast turnover (annual): £654,661 Ideal Operator The ideal operator for this venue will have the ability to quickly get this site back on the map. Tapping into the local clientele that surrounds the site and ensuring they become regular local, will ensure the site becomes a busy venue again. Being able to advertise and sell the function room space is key to ensuring this site reaches its full potential. A food offer that matches the needs of those living nearby to the site will be essential.  Private Accommodation There are two separate flats upstairs, both containing a bathroom and a kitchen. The accommodation is nice and in a highly desirable area.  Regional Manager's Thoughts This site needs an operator that has the hunger and vision to put this site back on the map. The site will need investment to get it back to its best but it's in a great location and has the potential to be a high income site.  Surrounding Area The site is surrounded by houses and benefits from good demographics. It's in walking distance of Hampstead Heath and is close to Highgate Cemetery, which brings in guests weekly, due to the guided tours the take place there. 

Upfront cost

£17,295
Cost type: Upfront

Key facts

Upfront cost
£17,295
Turnover (annual)
£654,661
Rent
£66,000 (annual)

Location

47 Chester Road, London, Greater London N19 5DF
Location shown at seller’s request for confidentiality. Exact details may be available after enquiry.

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