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Old Ivy House

166 Goswell Road, London, EC1V 7DT

Located at the heart of Clerkenwell in the North London Borough of Islington, the Old Ivy House is traditional style pub from the outside with a modern and contemporary twist on the inside!

Key features

  • Busy London pub set in the heart of Clerkenwell, Islington
  • Traditional style pub with a modern and contemporary twist 
  • Open plan trade area with feature bar servery for approx.40 covers 
  • Large 5 bed private accommodation 
  • Opportunity to reintroduce a food offer
  • Available in July 2022

Floorplan

OLD IVY HOUSE

Located at the heart of Clerkenwell in the North London Borough of Islington, the Old Ivy House is traditional style pub from the outside with a modern and contemporary twist on the inside!

Boasting a prominent corner plot on Goswell Road, the pub sits within a residential area is just a short walk from the Barbican Arts Centre, Smithfield Market, Sadler's Wells Theatre and the City University of London, so it plays host to a very diverse customer base.

Internally at the Old Ivy House you will find a u-shaped trade drinking and dining area with a feature bar servery for approx.40 covers. Although not currently utilised, there is also a full catering kitchen on the first floor with a manual dumb waiter to the ground floor. 

The tenants private accommodation is of a generous size at this property and set out across two floor it houses 5 bedrooms, a lounge, kitchen, bathroom and office.

Shepherd Neame is looking for new tenants to take over the running of the Old Ivy House in July 2022. This business would ideally suit a hands on operator that can re-introduce a food offer and that will re-launch an appealing offer to the locals in the surrounding market place.

For more information or a formal viewing of this site contact the Pub Business Recruitment Manager on 01795 542132.

BAR 

Central feature bar servery with U-Shape trade drinking and dining space for approx. 40 covers.

KITCHEN & DINING 

Well equipped trade kitchen on the first floor with manual dumb waiter to the first floor 

PRIVATE ACCOMMODATION 

Set out across two floors and includes 5 bedrooms, lounge, kitchen, bathroom and office

Capital Requirements

Estimated capital requirements

Trading deposit£5000
Contract deposit
refundable on day of charge
£500
Repair scheme
+ monthly payments £50
£1000
Inventory£18000
Stock, glassware, cutlery, crockery, etc
Estimated subject to independent valuation by trade broker and stock taker
£5000
Working capital£3000
Training deposit
£750 refundable on completion of training
£1000
Total estimated ingoings£33500

Minimal capital considered

Minimum capital considered
Based on: Trading deposit + stock, glassware, cutlery,
crockery, etc, working capital + training deposits + misc
£15500
Please note: Where only minimal capital is available inventory will be rentalised.

Rent and charges

Rent

Year 1Year 2Year 3
Per anum£45500£46748£48048
Per week£875£899£924

Council tax

Band C

Non Domestic Business Rates

RATEABLE VALUE - £51,500

MULTIPLIER - 0.512

ESTIMATED RATES PAYABLE 2022/2023 - (From 01/04/22) £13,184

NOTE: 

  • Retail relief for the hospitality industry is 50% rate relief from the 1st April 2022 until 31st March 2023
  • The above calculations are estimations only and as rateable  values are  subject to change, we would request that the prospective new tenant checks the rates payable, eligibility criteria and any other relief with the local authorities prior to completing a financial plan

Trading information

Trade

Year ending 30 June

2018 2019 2020 2021
All beer and cider
Barrels
301 178 62 104
Wine
Gallons
697 434 82 207
PPS
Gallons

Premium packaged spirits (eg WKD)
16 4 12 15
Traditional Spirits
Gallons
136 128 53 81
Minerals
Ready to drink litres
4593 2702 915 1811

Licence information

Hours authorised by the premises licence

Supply of alcohol, background music and provision of late night refreshment.

Monday - Sunday - 10.00 - 01.30

Open to the public

Monday - Sunday - 10.00 - 02.00

Live music

Monday - Sunday - 10.00 - 00.00

Agreement Overview

  • This pub is being offered on a fixed term contract outside of the Landlord & Tenant Act 1954 part II
  • This is a fully tied agreement across all beer, cider, wine, PPS, spirits and minerals
  • Any deviation from the standard terms outlined above should be discussed at interview stage with your designated Business Development Manager
  • Please note that we require all licensees to pass the Pre-Entry Awareness Training Course (PEAT) a minimum of five days before you can attend a formal shortlist interview with us. Please ask us for more information about PEAT if required
  • You can see our code of practice at the top of this page