27 April 2011

Leasehold opportunity makes fascinating reading

A chancery kitchen is an old name for a writing office, so it’s appropriate for Fulham’s Chancery Bar – because this is the area where Samuel Richardson, pioneer of the English romantic novel, once lived. But anyone seeking a business opportunity will no doubt find that the pub’s particulars make more gripping reading than the adventures of Richardson’s virtuous heroines.

For a start there is the building’s imposing, clock-towered exterior and approximate footprint of 299 square metres (3,218 square feet). Then there’s the generously-proportioned trade area, two-bedroom manager’s flat and further two-bed staff accommodation.

But perhaps most appealing of all is the extensive garden, which has the potential to  seat in excess of 100 and is one of the largest pub gardens Fulham, according to licensed leisure specialists AG&G.

“The Chancery is a stand-out property in an up-and-coming area of SW6 known locally as Fulham Cross. It was refurbished a few years ago and has since been established as a quality venue for eating, drinking and watching sport by its independent operator,” says AG&G’s David Gooderham, who is handling the assignment of the lease.

“The property has good kitchen facilities, so there could be an opportunity to extend the food offering and take this pub up another level.”

The Chancery is in a corner position on Lillie Road, SW6, in a mixed commercial and residential area. It is a short distance from the historic Queen’s Club, the world’s first multipurpose sports club and home of Real Tennis in the UK.

Offers in the region of £100,000 are invited for the lease, which has 11 years remaining. The rent is £56,000 per annum and the rateable value is £42,500. Licensed hours are from 10am to 11.30pm on Sunday, 10am to 11pm Monday to Wednesday and 10am to 12am Thursday to Saturday.

For more information, contact David Gooderham on 020 7836 7826, e-mail dgooderham@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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