Sidney Phillips have announced that the Green Dragon, a popular and well-established Hertfordshire free house has come to the market, available on a new free-of-tie lease.
The Green Dragon is located in Borehamwood, a large conurbation of 32,000 residents sitting within the M25 London Commuter Belt. Borehamwood lies approximately 12 miles north of Charing Cross, close to affluent Barnet, Radlett and Shenley. The area is best known as the home of the BBC Studios (AKA Elstree Studios) and houses a strong number of national retailers on the out of town retail parks and the town centre's shopping centre. The area is undergoing continual rejuvenation, and is soon to be the home of the UK's newest and largest film studios developed by Sky. It boasts fantastic transport links with the M1, A1 and M25 being close by, as well as direct rail links into Central London.
The Green Dragon is an impressive and commanding purpose built-public house situated on the busy shopping parade of Leeming Road and benefits from an open plan bar (90), patio (50) and spacious two bedroom owners accommodation.
The Green Dragon has been under the current ownership for 30 years and is now available to let so that the current owner can concentrate of family life. The business has developed a strong reputation in the area as the "go-to" pub catering for the needs of the local community, enjoying a loyal local following and offers great potential for further growth.
Regional Valuations Manager Robert Cockayne said: “A new Tenant could undoubtedly increase turnover with an increase in marketing and a social media presence, currently not undertaken by the owner through choice, as well as by extending the current opening hours. Furthermore, by bringing the food offering "in house", turnover and profits could be greatly increased. Events such as live music and quiz nights would also bring in additional revenue streams.”
Sidney Phillips has been instructed to market the Green Dragon to let off an asking price of £80,000 with an annual rent of £35,000.
For further information about this pub for sale, other pubs for sale or how to buy a business please call Sidney Phillips on 01892 725900.