07 June 2012

Chance for investors to get their hands on Devonshire Arms

Chiswick’s Devonshire Arms may not be quite in the same league as Chatsworth, the ancestral seat of its namesake, the Duke of Devonshire – but it could become quite a stately pile in the right hands.

The former gastro pub is being offered for sale by its pubco owners with vacant possession at a guide price of £1 million. For that sum, the lucky buyer will secure a detached, freehold property with a site area of approximately 415 square metres (4,477 square feet) in a leafy, residential area of W4.

“This is a two-storey, part-basement pub with a trade garden in a popular area of London, so there is plenty of investment potential,” says David Gooderham of licensed leisure specialists AG&G, who are handling the sale.

“Once part of Gordon Ramsay’s portfolio, the pub is just a short distance from the high-end retailers and restaurants of Devonshire Road – including the Michelin-starred La Trompette – so there is plenty of scope for it continuing as a pub-restaurant. But with a ground floor covering 237 square metres (2,554 square foot) and five rooms plus facilities on the first floor, it could equally appeal as a residential development (subject to required consents). We think the Devonshire Arms is going to make someone very happy.”

The Devonshire Arms is currently licensed to sell alcohol from 11am to midnight Monday to Saturday, and from 12 noon to 10.30pm on Sunday. It has a rateable value of £52,500pa.

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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