05 October 2012

Duke of Edinburgh inspires sprint to the finish

Speed was of the essence when it came to securing the freehold of the Duke of Edinburgh in Shepherds Bush.  Two sale contracts were issued simultaneously with the successful party exchanging contracts within one hour.

“This was quite a dramatic sale all round, with the pub selling for in excess of the guide price of £950,000,” says Panayiotis Themistocli of licensed leisure specialists AG&G, who marketed the property.

“The buyer is a local developer who already owns a number of properties in the same street and was keen to add to his portfolio. As a handsome building in a prime part of West London, close to rail and bus links and the Westfield and West 12 shopping centres, the Duke of Edinburgh was just too good an opportunity to miss. The new owner intends to make the most of its excellent location and convert it into a number of self-contained residential units.”

The end-of-terrace, wedge-shaped pub is on Richmond Way, within easy walking distance of the designer stores and cinema at Westfield – Europe’s largest urban shopping mall – and a stone’s throw from Shepherd’s Bush underground and overground stations. It boasts a total internal floor area of around 455 square metres (4,897 square feet) spread over three storeys and a basement.

For further information, contact Panayiotis Themistocli on 020 7836 7826 or e-mail pthemistocli@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,
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