14 January 2013

Whitesmiths moves with the times

Not much has changed since the Whitesmiths Arms was built in the late 18th century. Its number in Crosby Row SE1 was altered from seven to 37 in 1895, as more buildings were built in the road – and last year The Shard was completed a short distance away.

Now a new landlord could take advantage of this new passing trade, along with customers from Guys Hospital (only 100 metres away) or, for the more energetic,  London Bridge station and Borough Market, which are both just five minutes’ walk away.

Its licence runs from 10am to 11pm every night apart from Sunday, when it’s open noon to 10.30pm.

“It’s in one of London’s most rapidly improving areas and has enormous potential, either as a pub in a strong catchment area or possibly as offices or domestic accommodation,” says Peter Dawson of licensed leisure specialists AG&G, who are marketing the freehold.

The property has a ground floor trade area of just under 1,000 square feet containing a side servery. To the rear is a trade patio, including a single storey outhouse.

On the first floor is a trade kitchen, living room and separate WC. A second floor comprises two bedrooms and a bathroom. A roomy basement completes the building. In total, the site is circa 2,100 square feet including the garden.

“The site is larger than it looks because it bends back behind a next-door building,” says Peter. Offers are invited for a freehold with vacant possession in a thriving area.”

For more information, contact Peter or Panayiotis Themistocli on 020 7836 7826, e-mail pdawson@agg.uk.com or 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,
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