Game, set and match to Brewery Tap buyer

20 October 2011
Game, set and match to Brewery Tap buyer

When the lease became available on The Brewery Tap in Wimbledon Village, licensed leisure specialists AG&G expected there would be strong interest in the High Street property. And indeed there was – from buyers wanting to net the freehold.

“After a short, sharp letting campaign, the owner decided to accept a punchy offer in the region of £1.6 million for the empty building, which comprises a lock-up unit at street level and separate residential accommodation above,” says AG&G’s James Grimes.

“It wasn’t a total surprise because it is a flexible commercial property in a very well-heeled part of London. Although the ground-floor and basement unit is currently being run as pub it has consent for a variety of uses, which made it an attractive proposition for investors.”

With A1, A2, A3 and A4 consent and planning permission for a new kitchen to the rear, the lower floors could continue as a pub or restaurant or start a new life as retail premises.

The property is in a mixed residential and retail position in the heart of Wimbledon Village, SW19, on a site that has been occupied by a pub since 1832.

For more information, contact James Grimes on 020 7836 7826, e-mail jgrimes@agg.uk.com.