21 March 2011

The Morrison takes King’s Road tally to five

London’s King’s Road is probably best known as a Mecca for posers and high-end shopaholics – but it also has a reputation as a hot destination for savvy property investors.

Licensed leisure specialists AG&G have handled the sales of no fewer than five pubs on the famous Chelsea/Fulham thoroughfare – with the most recent, The Morrison, changing hands after a mini bidding war between nine would-be buyers.

“We’ve seen a lot of interest in all the King’s Road public houses, with The Morrison selling extremely fast after attracting nine offers. Not surprisingly, the successful buyer had to pay considerably more than the guide price of £1.65 million to secure such a sought-after premises,” says AG&G’s David Gooderham, who acted for owners Greene King.

“He’s a private investor with what is clearly a sharp eye for a prime piece of London real estate.”

Along with the other King’s Road properties that have changed hands via AG&G –The Water Rat, the Magpie and Stump, The King’s Arms and The Hand and Flower – The Morrison boasts a prominent location in one of south-west London’s most fashionable residential and shopping districts, making it suitable for a variety of alternative uses. It also has a garden area, four-bed living accommodation and is close to Chelsea’s Stamford Bridge football ground, which has helped it to become a popular sports pub.

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.

8 Exchange Court,
London, WC2R 0JH