21 June 2013

Royal Albert needs a new ruler

With a name like the Royal Albert, there are no prizes for guessing in which century this pub was built. But the mid-19th century building in Orpington will be a great reward for someone at a freehold guide price of £250,000 through licensed leisure specialists AG&G.

“It’s an attractive detached property lying in easy walking distance of two mainline stations with regular services to London, so the Royal Albert is likely to be of great interest to potential developers.  It is surrounded by predominately residential accommodation so it may also appeal to independent pub operators due to the lack of competition locally” says AG&G’s Panayiotis Themistocli.

The Royal Albert fronts Lower Road, a short walk from Orpington High Street. Orpington and St Mary Cray stations are 10 minutes away on foot and have frequent services to London Bridge and Victoria, with a journey time of about 30 minutes.

The two storey Victorian property has external seating areas to the front and rear and a yard at the back. The ground-floor trading area includes an L-shaped servery, kitchen and customer WCs. Upstairs there are five rooms and a bathroom and the basement is used as a beer cellar and storage.

The building has a gross internal area of around 336 square metres (3,3611 square feet), while the site covers approximately 310 square metres (3,335 square feet).

The Royal Albert is licensed from noon to 11.30pm Sunday to Thursday and until 12.30am on Friday and Saturday. It is not listed and is not in a conservation area, opening up many possibilities.

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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