14 January 2013

Decoucher gets into bed with new tenant

Trendsetters and party people take note – West London night spot Decoucher has been taken over by Dipak Panchal, the über cool operator behind the Black Dog in Vauxhall and the Ultra Vie concierge service.

Panchal took on the tenancy after the previous occupants went into liquidation. He is expected to run the 2,280 square foot former nightclub behind Kensington Palace on Kensington Church Street as a late-night bar.

“It’s a smart basement premises in a sought-after location and it was offered as a fully-fitted bar and restaurant, so the new tenant has plenty of scope to diversify,” explains Anthony Alder of licensed leisure specialists AG&G, who acted for the landlord.

A new lease has been granted at a rent of £40,000 per annum. The property is close to both High Street Kensington and Notting Hill Gate tube stations and local bus services. Caffe Nero, Costa, Giraffe, Kensington Roof Gardens, Pizza Express, Pizza Hut and Strada are nearby.

For further information, contact Anthony Alder on 020 7836 7826 or e-mail aalder@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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