01 May 2012

The Rose that still smells sweet 11 years on

When David Gooderham of AG&G first sold The Rose in Fulham, it was called the Legless Ladder and his company was just a year old. Fast forward 11 years and he’s done it again, selling the partially tied lease off an asking price of £200,000.

The pub, with a lease running until January 2029, has now passed from one experienced operator to another – from Hugh Corbett to Tom Gill / Moonshine Bars.

“It shows that if you have a decent quality pub, someone who knows the business will always be there to pick it up, despite a tie – and The Rose is very decent quality, plus the tie is only partial,” says David.

“There’s flexible accommodation, including the main bar, a function room, garden and four parking spaces – and its position just off the Kings Road in the middle of high value residential accommodation, close to Chelsea Football Club, means that it has a good all year round business.”

The next rent review is scheduled for 2015.

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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