LONDON - FREEHOLD PUB NEXT TO MAJOR CENTRAL LONDON SPORTS STADIUM
Kennington, London
Ref: 50733
£3,500,000
Freehold
1 / 10
Key Features
Location
The Beehive is situated in the Kennington district of London, in the London Borough of Lambeth. In recent years, Kennington has experienced gentrification, principally because of its location and good transport links to the West End and the City of London. Kennington is home to three significant London landmarks: Kennington Park, The Imperial War Museum and the Oval Cricket Ground.
The area is serviced by comprehensive TFL bus network.
The Beehive is situated on the junction of Durham Street and Harleyford Road, a busy junction and arterial road running to Westminster via Vauxhall. As a result, the property experiences high levels of passing traffic and footfall with those attending regular cricket events at neighbouring Oval cricket ground which lies a mere 150m from the property. The property neighbours a large office complex housing a number of SME businesses who utilise the pub during the day.
The area is serviced by comprehensive TFL bus network.
The Beehive is situated on the junction of Durham Street and Harleyford Road, a busy junction and arterial road running to Westminster via Vauxhall. As a result, the property experiences high levels of passing traffic and footfall with those attending regular cricket events at neighbouring Oval cricket ground which lies a mere 150m from the property. The property neighbours a large office complex housing a number of SME businesses who utilise the pub during the day.
Property
The Beehive is a three-storey corner-plot public house of brick construction under a pitched tile roof, with mock Tudor elevations. Despite its character, the property is not a listed building. The property comprises in brief:
GROUND FLOOR:
- BAR: Open-plan trade space with central bar servery. Presented in a modern manner with air conditioning and TVs. Seating for 76 and room for many more standing.
- ACCESSIBLE TOILET.
BASEMENT:
- GENTLEMEN'S TOILETS
- LADIES' TOILETS.
- CELLAR AND COLD ROOM.
FIRST FLOOR:
With separate entrance to side of property:
- THREE DOUBLE BEDROOMS.
- LIVING ROOM.
- BATHROOM.
- UTILITY ROOM.
- LIVING ROOM.
- ROOF TERRACE.
- TRADE KITCHEN: With upright stainless steel fridges, salamander, griddle, six-burner range cooker, double deep fat fryer and undercounter fridges.
SECOND FLOOR:
- THREE DOUBLE BEDROOMS.
- DOUBLE BEDROOM WITH EN SUITE SHOWER.
- SHOWER AND WC ROOM.
- WC.
EXTERNAL:
- COVERED PATIO: With seating for 20-30.
- TRADE PATIO: With seating for 20-30 and room for more standing.
GROUND FLOOR:
- BAR: Open-plan trade space with central bar servery. Presented in a modern manner with air conditioning and TVs. Seating for 76 and room for many more standing.
- ACCESSIBLE TOILET.
BASEMENT:
- GENTLEMEN'S TOILETS
- LADIES' TOILETS.
- CELLAR AND COLD ROOM.
FIRST FLOOR:
With separate entrance to side of property:
- THREE DOUBLE BEDROOMS.
- LIVING ROOM.
- BATHROOM.
- UTILITY ROOM.
- LIVING ROOM.
- ROOF TERRACE.
- TRADE KITCHEN: With upright stainless steel fridges, salamander, griddle, six-burner range cooker, double deep fat fryer and undercounter fridges.
SECOND FLOOR:
- THREE DOUBLE BEDROOMS.
- DOUBLE BEDROOM WITH EN SUITE SHOWER.
- SHOWER AND WC ROOM.
- WC.
EXTERNAL:
- COVERED PATIO: With seating for 20-30.
- TRADE PATIO: With seating for 20-30 and room for more standing.
The Business
Our clients have owned and operated The Beehive for the past 34 years and have created a popular sports pub, well-known for its numerous big screens with Sky Sports and prime location next to The Oval cricket ground, Vauxhall Station and Oval Station.
Trade profit and loss accounts for the year ending April 2024 show a net turnover of £724,048, a healthy gross profit of 68.6% and an adjusted net profit of £362,977. Further accounting details can be made available following a formal viewing.
The Beehive would suit a hands-on owner operator or multi-site operator alike.
Trade profit and loss accounts for the year ending April 2024 show a net turnover of £724,048, a healthy gross profit of 68.6% and an adjusted net profit of £362,977. Further accounting details can be made available following a formal viewing.
The Beehive would suit a hands-on owner operator or multi-site operator alike.
Tenure
FREEHOLD £3,500,000 to include goodwill, fixtures and fittings. Stock at valuation in addition.
No direct approach to be made to the business; please direct all communications through Sidney Phillips.
Viewing strictly by appointment only.
No direct approach to be made to the business; please direct all communications through Sidney Phillips.
Viewing strictly by appointment only.
Licence
A Premises Licence is held permit the sale of alcohol:
Sunday to Thursday 08:00 - 02:00
Friday to Saturday 08:00 - 01:00
Sunday to Thursday 08:00 - 02:00
Friday to Saturday 08:00 - 01:00
Services
All mains services are connected.
Local Authority: London Borough of Lambeth.
Rateable Value: £24,252
Local Authority: London Borough of Lambeth.
Rateable Value: £24,252
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Robert Cockayne
South East & London
