The Pepy's
25 April 2018

Shep Neame sails on

AG&G acted on the lease assignment of The Pepys, located on the north bank of the River Thames in Stew Lane, to Kent-based brewer and pub operator Shepherd Neame. The company recently reported that it grew like-for-like EBITDAR 2.1% across its tenanted and leased pub estate in the 26 weeks to 23 December, while like-for-like sales in its managed arm also grew 2.1%. Overall this year, the business is spending more than £10m on its existing estate – within both its managed and tenanted divisions.

Key info about the pub

Attractive former warehouse building within the City of London

Trade balcony with excellent views of Shakespeare’s Globe Theatre, the Tate Modern and the Shard, within close proximity of Mansion House, Cannon Street and St Paul’s

New free of tie lease with a starting rent of £125k per annum

Interesting fact

It is understood that a proposed (to be confirmed) extension of the Thames Path would pass directly beneath the property. This would result in a higher pedestrian flow to the front of the property. The Thames Path is a National Trail footpath running for approximately 180 miles along the banks of the River Thames.

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