22 November 2012

White Elephant makes a come-back

Back in the 60s and 70s, the White Elephant Club was one of London’s premier celebrity haunts – Charlie Chaplin was one of the last members to use the restaurant, which was so popular that it even published its own cookery book.

Now it’s set for a come-back as a new tenant has secured the luxurious StMart House in the heart of the West End, after negotiating a 20-year lease through licensed leisure specialists AG&G.

StMart House has benefited from extensive refurbishment and reconfiguration in recent years. The property comprises five floors above a dual level basement with designated bar and dining areas and six apart-hotel rooms.

The new tenant is Charles Gabriel, a serial entrepreneur with extensive experience within the licensed leisure sector. His current operations include the London based Stockpot chain of restaurants.

“This was a very rare opportunity,” says AG&G director James Grimes. “You can’t get more West End than this. It is literally opposite the Coliseum and backs onto the Garrick Theatre.

“It’s a perfect location for a high-end members’ club with a huge choice of dining and entertainment nearby and the new tenants can make their own mark in the final fitting-out.”

For further information, contact James Grimes on 020 7836 7826 or e-mail jgrimes@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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