14 February 2013

Soaring price for pub in the shadow of the Shard

It’s a Georgian building within shouting distance of the monumental Shard and a few minutes’ walk from Borough Market and London Bridge station, so it’s hardly surprising that there was strong competition for the Whitesmith Arms in SE1 when licensed leisure specialists AG&G marketed the freehold for offers in the region of £650,000.

After a bidding war, it was snapped up for significantly more than the guide price, with exchange taking place within 24 hours of legal documentations being issued.

“The buyer intends to turn it into a residential accommodation, probably a single dwelling, subject to consent, and it will make a fantastic and very substantial home. There’s even a patio garden for balmy summer evenings,“ says AG&G’s Panayiotis Themistocli.

For more information, contact Panayiotis Themistocli on 020 7836 7826, 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.

8 Exchange Court,
London, WC2R 0JH