Exmouth Marks the Spot

The freehold investment of the Exmouth Arms in London’s Clerkenwell has been acquired by real estate company Dam Investments. AG&G was instructed by CBRE Investment Management to market the freehold investment opportunity, with the guide price of £4.3m providing a net initial yield of 5.46% (assuming standard purchaser costs). The whole building is let to Urban Pubs & Bars, expiring in 2054 at a passing rent of £250,000 per annum, subject to annually compounded five-yearly rent reviews. Urban Pubs & Bars operates circa 50 sites across London. In 2021, the group acquired 13 leasehold pubs from Barworks for £16.5m, and the Exmouth Arms formed an integral part of the transaction. 

AG&G acted on the Exmouth Arms freehold investment deal and the Urban Pubs & Bars / Barworks group deal.