Investment sale in London’s East End

24 August 2016
Investment sale in London’s East End

Whilst the rest of the world returns from holiday, AG&G have this month sold the former King Harold Public House (newly named the Leyton Star), Leyton E15, for a net initial yield in the region of 5%. The entire property was let earlier this year, by AG&G, to multi-site operator Electric Star Pubs for a term of 20 years at an initial passing rent of £100,000 per annum. Following significant investment in the property the pub opened for trade less than a month prior to the purchase by the new investor. . Stuart Stares, in the licensed leisure team at Savills, acting for the purchaser, comments: “The recent letting to the Electric Star Pubs group and subsequent name change has given a new lease of life to this well-known pub, which we are pleased to have acquired on behalf of our client”. The sale reflects recent trends witnessed in the market with investors seeking to gain stronger returns from performing property assets than the reducing levels available from alternative investment classes in this current low-yielding, opportunity starved environment.

For further information, contact Oliver Todd or David Gooderham on 020 7836 7826.

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 0JU
T: 020 7836 7826