29 July 2015

Monarch’s review leads to princely profit

Instructing licensed leisure agents AG&G to conduct a rent review of the Monarch in Camden, NW1, brought landlord CBRE Investors a truly regal reward – because the resulting jump in rental income meant they were able to sell the freehold for a princely sum.

“The pub is a highly-regarded music venue in an up-and-coming area close to London’s world-famous Camden Market. It’s a thriving, bohemian location that is performing strongly,” explains AG&G’s Anthony Alder.

“We were able to show that the strength of the local market justified an increase in rental value from £98,374 to £162,000 per annum. CBRE Investors were then able to sell the freehold off the back of this rise and make themselves a substantial profit.”

For further information, contact on Anthony Alder 020 7836 7826 or e-mail anthony.alder@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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