16 October 2012

Woodman gives buyer a cut of future housing market

Pretty, country-style pubs are thin on the ground in suburban London, so it’s not surprising that an investor has fallen for the charms of South Croydon’s Woodman pub.

With its traditional part-tiled façade, rear trade garden and proximity to South Croydon railway station, the attractive two-storey property has plenty to offer its new owner, who plans to convert it into residential accommodation.

“This little pub is in a mainly residential area and is a property with potential,” says Panayiotis Themistocli of licensed leisure specialists AG&G, who marketed the Woodman.

“It should make an appealing housing development, subject to planning permission – and provide an equally pleasing return on investment.”

The freehold property has a ground floor trading area and basement with four-bed residential accommodation above. The total internal floor area is around 198 square metres (2,130 square feet). It was sold off an asking price of £295,000.

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.

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