Polka Bar, W1
25 February 2010

Polka Bar, 58-59 Poland Street, London, W1F 7NR

AG&G are pleased to announce that they have agreed the freehold sale of 58-59 Poland Street, London, W1F to Enstar Capital for £1,575,000.  AG&G acted for the freeholder, LV = Asset Management.

The property comprised a bar and premises at ground, basement and first floor with a total area of approximately 4980 sq ft.  There is in addition an apartment at 2nd, 3rd and 4th floor let on a 999 year lease from 25December 1997 at a peppercorn.

Anthony Alder of AG&G comments:-

“there remains a shortage of good quality freehold product in Central London and there was very strong levels of interest for this opportunity.  A competitive bidding situation arose and the outcome exceeded our clients expectations”.

For more information, contact Anthony Alder on 020 7836 7826, e-mail aalder@agg.uk.com or media@agg.uk.com.

AG&G are chartered surveyors specialising in the licensed leisure industry, with the skill and experience needed to value, assess or promote a property not simply as bricks and mortar but as a business. If it involves the price of a licensed premises, its profitability, rental value, investment prospects or value in a dispute, AG&G can help.

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