20 January 2014

Investing in the Iron Duke

A private investment fund advised by licensed leisure specialists AG&G has just bought acclaimed gastropub the Duke of Wellington in Crawford Street, Marylebone, from Punch Taverns in an off-market transaction. The £2 million-plus deal is subject to a tied lease.

While the food side of the pub has seen excellent reviews – The Times called it the best in the South-East – the bar has remained true to its 1812 roots, when it was built and named after the newly ennobled Marquis of Wellington. When Wellington became an earl, the pub changed its name to match the title of the man known as the Iron Duke.

“The Duke of Wellington has had a long and illustrious history and we are delighted to have helped secure its future,” says AG&G’s James Grimes who goes on to add that it demonstrates the strength of demand for any type of freehold investment within central London right now. It was our first investment deal of 2014 and we already have a number of other opportunities in solicitors’ hands. The year ahead promises to be stronger than 2013 with even more foreign investors wishing to invest in London.

For more information, contact James Grimes on 020 7836 7826, e-mail james.grimes@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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