11 April 2011

The Mansion changes hands for a princely sum

When a pub’s name is changed to The Mansion you can tell it’s going places – and that’s certainly the case with Gipsy Hill’s most grandly-titled boozer, which has just changed hands for more than £1.5 million.

Once the plain old Paxton, in recent years The Mansion has been reinvented – and redecorated – to become one of SE27’s premier gastro pubs. With its imposing Gothic-style exterior, antique-shop chic interior and big garden, it attracts a discerning crowd of young professionals from the surrounding area and beyond – which is why it caught the eye of the Capital Pub Company.

“As a landmark pub with a reputation for individuality and quality, The Mansion will fit very neatly into Capital’s portfolio of unbranded free houses,” says James Grimes of licensed leisure specialists AG&G, who acquired The Mansion on behalf of the group.

“It shows there is still a healthy market for pubs that can carve out a suitable niche in the community, which in this case is affluent young locals looking for a stylish place to eat, relax and generally enjoy their downtime. With the additional investment that Capital plans, The Mansion should become one of south-east London’s premier destination gastro pubs.”

The Mansion, which was bought from a private vendor, is a substantial three-storey property on Gipsy Road, close to Norwood Park. Capital Pub Company operates a growing collection of traditional free houses, which are unthemed to maintain their individuality.

For more information, contact James Grimes on 020 7836 7826, e-mail jgrimes@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.

8 Exchange Court,
London, WC2R 0JH