12 September 2013

Developer finds Prince charming

Shepherds Bush is one of London’s boom areas – which could help explain why The Prince (previously named the Raving Buddha) on Goldhawk Road has just sold for around £1.2 million, substantially above its guide price, through licensed leisure specialists AG&G.

“Interest in the property was phenomenal,” says AG&G’s David Gooderham. “The buyer is a developer with a track record of pub purchases in this area and we understand that the Prince might be converted to flats above and retail on the ground floor.”

The property is situated on a prominent corner location and backs onto an upmarket residential zone bounded by Goldhawk Road to the north and Glenthorne Road to the south. Goldhawk Road Underground Station is approximately 100 metres to the east.

The top two floors are already served by their own separate entrance and currently comprise eight rooms, a kitchen and a bathroom. The ground floor currently holds an open plan bar with central servery and customer lavatories. A large basement area of more than 140 square metres could also be converted. In total, the building’s floor space is more than 500 square metres.

For further information, contact Michael Penfold on 020 7836 7826 or e-mail michael@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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