02 July 2013

New use for an old Manor

Sometimes the investment you want to make is right under your nose. That’s the case for one local developer in Old Malden, Surrey, who has just bought the Manor pub for more than the asking price of £625,000.

“It’s money well spent – a handsome, period property near Kingston-upon-Thames and in a mixed retail and residential area called Maldon Manor, which is named after the nearby station rather then the pub,” says James Grimes, of licensed leisure specialists AG&G, who handled the sale.

“The new owner has told us that he’s thinking about converting it into flats and possibly commercial use, subject to consents.”

The building currently has two interlinked trade areas and customer WCs on the ground floor, with a basement beer cellar and storage. There is a trade kitchen and five-bed residential accommodation on the first floor, while outside offers a rear trade garden and parking for 10 cars. The total site area is around 1,180 square metres (12,705 square feet).

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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