06 February 2013

Music to the ears of developers

In the late 19th Century, when the Heroes Public House in Kentish Town was built, the area was famous for its piano and organ manufacturers. The musical tradition has lingered in many bars and venues – Heroes itself opened with a solo gig from Carl Barat of The Libertines.

But this handsome, late Victorian building on the corner of Castle Street and Kentish Town Road is now in search of a new purpose. The freehold is for sale with vacant possession through licensed leisure specialists AG&G, who are looking for offers in excess of £1.6 million.

Five Underground and overland stations are within ten minutes’ walk of the property.

“It’s in an excellent position, surrounded by shops and restaurants and with a high value residential area off the main road, so there are lots of possibilities,” says James Grimes of AG&G.

“It will appeal to developers / investors seeking re-let the ground floor and basement and convert or extend the upper floors to create a number of flats – but it could also remain as a pub, bar or restaurant.”

It has a total gross internal floor area of over 5,500 square feet and a 3,500 square foot site area, Heroes is semi-detached and has three storeys over a basement, a single storey extension and a trade garden.

For more information, contact James Grimes on 020 7836 7826, 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.

8 Exchange Court,
London, WC2R 0JH