All in a week’s work for AG&G
It may have been a gloomy week for many businesses but licensed leisure specialists AG&G had plenty to smile about after completing 12 pubs sales in fewer than 10 days.
“It’s been quite an eventful week and one of our best ever – we’ve certainly been kept on our toes. But it’s very satisfying to have so many buyers and sellers suited, particularly in the current economic climate,” says director David Gooderham.
Perhaps the highest-profile properties on the sold list were the The Brewery Tap in exclusive SW19 and The Favourite close to fashionable Notting Hill. These premium pieces of London real estate changed hands for around £1.6 million and between £2 million and £2.5 million respectively.
Then there’s the 17th century Seven Stars in the heart of London’s legal district. A guide-book favourite, it boasts media personality and chef Roxy Beaujolais as a tenant.
The White Hart in Old Woking, Surrey, is another established landmark, evolving from a 16th century brewery. With period features and a riverside location, it was snapped up off an asking price of £550,000.
Down the road at Surbiton, an outbuilding with four bedrooms proved an added attraction for the Victoria, on Ewell Road, which was marketed at £600,000.
Another suburban watering hole, the Gun Tavern, Croydon, sold off an asking price of £525,000 – probably as a result of its generous proportions and central location.
Whether it was its first-floor terrace or proximity to the local supermarket and railway station, The Gladstone on Wilcox Road, Vauxhall, didn’t hang around for long. Then there was the Essex Arms at Stratford, E15, being close to the Olympic park ensured it was secured by a savvy investor who made an offer in the region of £550,000.
Finally, buyers with an eye for a different kind of opportunity snapped up the Chequers, a detached pub with a trade garden in the bustling Buckinghamshire village of Iver, and The Royal Oak, another attractive property with a garden, in Ham, near Richmond in Surrey. They were hooked by the pubs’ respective asking prices of £295,000 and £425,000. Other sales completed include the Bull at Barking and Albion in Rotherhithe.