ELTHAM, LONDON - HIGH STREET PUB WITH FLAT
Eltham, London
Ref: 50098
Leasehold
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Key Features
Location
The Bankers Draft is situated in the south-east London suburb and district of Eltham, situated approximately 8.7 miles south-east of Charing Cross and is identified in the London Plan as one of the 35 major centres in Greater London. The area boasts a population in the region of 88,000 residents. The area benefits from a number of amenities including a community hospital, a variety of sports facilities and University of Greenwich campuses.
The Bankers Draft is situated on a busy crossroads to one end of Eltham High Street. Eltham benefits from a bustling town centre which houses a wide variety of national retailers including Sainsburys, Lidl and Marks & Spencer. Also within a short walking distance is a Vue cinema complex, Mecca Bingo and Eltham Palace.
The town is superbly positioned a stone's throw from both the A20 and A2 dual carriageways which provide access into the city from the M25, M20 and M2 motorways. The Bankers Draft lies a short distance from Eltham rail station with services into London Charing Cross, Cannon Street and London Victoria. Eltham's closest London Underground station is North Greenwich, a few miles to the north-west.
The Bankers Draft is a notable former two-storey bank commanding a prominent corner position.
The Bankers Draft is situated on a busy crossroads to one end of Eltham High Street. Eltham benefits from a bustling town centre which houses a wide variety of national retailers including Sainsburys, Lidl and Marks & Spencer. Also within a short walking distance is a Vue cinema complex, Mecca Bingo and Eltham Palace.
The town is superbly positioned a stone's throw from both the A20 and A2 dual carriageways which provide access into the city from the M25, M20 and M2 motorways. The Bankers Draft lies a short distance from Eltham rail station with services into London Charing Cross, Cannon Street and London Victoria. Eltham's closest London Underground station is North Greenwich, a few miles to the north-west.
The Bankers Draft is a notable former two-storey bank commanding a prominent corner position.
Property
TRADE AREAS:
GROUND FLOOR:
- BAR: With carpeted flooring, flatscreen TV and four SWPs. Central bar servery. Seating for 60-70.
- ACCESSIBLE TOILET.
- CASK CELLAR.
- DRAFT CELLAR.
FIRST FLOOR:
- LADIES' TOILETS.
- GENTLEMEN'S TOILETS.
- CLEANING STORE.
- OFFICE.
- TRADE KITCHEN: With walk-in chiller, chargrill, upright stainless steel freezers, hot cupboard and dumb waiter.
FLAT:
- With LOUNGE, DOUBLE BEDROOM, KITCHEN and BATHROOM.
GROUND FLOOR:
- BAR: With carpeted flooring, flatscreen TV and four SWPs. Central bar servery. Seating for 60-70.
- ACCESSIBLE TOILET.
- CASK CELLAR.
- DRAFT CELLAR.
FIRST FLOOR:
- LADIES' TOILETS.
- GENTLEMEN'S TOILETS.
- CLEANING STORE.
- OFFICE.
- TRADE KITCHEN: With walk-in chiller, chargrill, upright stainless steel freezers, hot cupboard and dumb waiter.
FLAT:
- With LOUNGE, DOUBLE BEDROOM, KITCHEN and BATHROOM.
The Business
The Bankers Draft operates as a wet-only public house which benefits from bustling trade on a Friday and Saturday evening. Management accounts for the 12 month period ending December 2024 show a net turnover of approximately £605,000. Further accounting details can be made available following a formal viewing.
The Bankers Draft would suit a hands-on operator or experienced multiple site operator alike. Turnover and profitability could be further increased by introducing events to draw in additional custom such as quiz nights, live music or even introducing a food offering.
The Bankers Draft would suit a hands-on operator or experienced multiple site operator alike. Turnover and profitability could be further increased by introducing events to draw in additional custom such as quiz nights, live music or even introducing a food offering.
Tenure
LEASEHOLD £25,000 to include goodwill, fixtures and fittings. Stock at valuation in addition.
The Bankers Draft is held on a full repairing and insuring underlease agreement from JD Wetherspoon PLC. The agreement expires 24th August 2027, and falls outside of the Landlord & Tenant Act 1954. Rent is £40,500 per annum exclusive of VAT, paid quarterly in advance. The lease is free-of-tie.
No direct approach to be made to the business; please direct all communications through Sidney Phillips.
Viewing strictly by appointment only.
The Bankers Draft is held on a full repairing and insuring underlease agreement from JD Wetherspoon PLC. The agreement expires 24th August 2027, and falls outside of the Landlord & Tenant Act 1954. Rent is £40,500 per annum exclusive of VAT, paid quarterly in advance. The lease is free-of-tie.
No direct approach to be made to the business; please direct all communications through Sidney Phillips.
Viewing strictly by appointment only.
Licence
A full Premises Licence is held permitting the sale of alcohol:
Sunday to Thursday: 09:00 - 00:30
Friday and Saturday: 09:00 - 01:00
Sunday to Thursday: 09:00 - 00:30
Friday and Saturday: 09:00 - 01:00
Downloads
Enquire about this listing
Robert Cockayne
South East & London
