For sale commercial property in city Newham England

Description

Take advantage of this amazing freehold commercial opportunity. There are so many options for the potential buyer, whether it is a hotel conversion, apartments, or retaining the iconic public house in its original form

Tyron Ash Real Estate is pleased to present this substantial freehold pub called "The Rising Sun", which also consists of 11 HMO rooms and a 2 bedroom self-contained flat not shown on the floor plan. Currently, this public house is fully operational and operating and could either be turned into 25+ apartments, turned into a hotel with a commercial unit on the ground floor, or even kept as a public house.

This opportunity benefits from not being a listed building and from not having been subject to previous planning applications. In total, the Public House and Cellars total 6488 Sq Ft of internal space, with the first and second floors adding up to nearly 10,000 Sq Ft - meaning there are endless possibilities!

Current Income:

£160K+ (£3K+ Weekly) Bar Sales

£57K+ Machine Income

£80k+ HMO Rental

£18K Rental for 2 bed Flat – Total = £315K+ yearly turnover

Costs:

Rates are £5600 a year – Council tax is £1350

For more information or to book an inspection for the property, send your enquiry through and we will be in touch - this won't hang around long!

Details

Price:Offers Over £4,000,000

Property Size:6468.00 sqft