24 January 2014

Reduced Portmanor vies for attention

Occupying a prominent position just a stone’s throw from Norwood Junction station, The Portmanor  in SE25 was designed to grab attention – and now it should attract even more interest, as the asking price for the freehold has been reduced.

Once known as The Signal, The Portmanor is a substantial two-storey building on the corner of Portland Road in Norwood. It has ground and first-floor trading areas, a basement storage area and a small patio. The timber-floored upstairs function room has separate access, a small commercial kitchen and its own customer toilets. The total site area is approximately 295 square metres (3,175 square feet).

Offers are invited in the region of £425,000 for the freehold interest with possession.

“This is an attractive 19th century pub next to Norwood Junction railway station which provides frequent services into London Bridge station with a journey time of just 12 minutes.  A mixture of residential and retail properties are nearby, so we think it has plenty of potential for the right investor – either as a pub or possibly with another use,” says AG&G’s Panayiotis Themistocli.

As well as having been home to Arthur Conan Doyle, who featured South Norwood in two Sherlock Holmes stories – The Adventure of the Norwood Builder and The Sign of Four – the Norwood area can claim fellow author D H Lawrence as a former resident. The area takes its name from the Great North Wood, an oak forest that once covered much of South London.

For further information, contact Panayiotis Themistocli on 020 7836 7826 or e-mail Panayiotis.Themistocli@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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