Another Closed Bar Attracts a Premium – Davis Coffer Lyons

News

Research

Our agents complete a vast range of deals every month. Though we have to keep some of our success stories under wraps for our clients, we showcase as many as possible here, together with regular insights into the leisure property sector.

Another Closed Bar Attracts a Premium

May 6, 2014

Honey & Venom, immediately adjacent to Tooting Bec station in South London, has been sold by Davis Coffer Lyons – the leisure specialists – to a new independent operator Red Trousers Entertainment Ltd securing a premium for the closed bar.

The unit will undergo an extensive refurbishment and will reopen as The Imperial Durbar in June. It will provide a new all day offer with the focus on a family orientated coffee shop during the day before shifting towards a cocktail bar operation in the evenings.

Charlotte Wild, Chartered Surveyor at Davis Coffer Lyons said: This bar is in a fabulous location and the new offer is really going to appeal to the areas demographic of both families and young professionals. We are seeing major changes in Tooting and other similar areas around the capital as young professionals are pushed out of more traditional locations. This is having a profound effect on the local leisure market, which is reflected by the premium we secured for a closed site.

Related News

Follow us on Instagram

Apr 23

We can’t wait to welcome @masterbaouk to @westfieldstratfordcity next month! ⁠
⁠
They’re bringing their full menu of bao, bowls, dumplings and Taiwanese-inspired street food favourites to a new part of London plus a new and exclusive hot chicken bao. The new site will have its own identity, building on everything they’ve learnt over the years, as well as a noodle room so they can make their signature fat and chewy udon noodles fresh, every single day. ⁠

We can’t wait to welcome @masterbaouk to @westfieldstratfordcity next month! ⁠
⁠
They’re bringing their full menu of bao, bowls, dumplings and Taiwanese-inspired street food favourites to a new part of London plus a new and exclusive hot chicken bao. The new site will have its own identity, building on everything they’ve learnt over the years, as well as a noodle room so they can make their signature fat and chewy udon noodles fresh, every single day. ⁠ ...

Mar 21

@DCL have been instructed by Landlord, @thackeraygroup, to market 118 Deansgate in Manchester on a new lease. Situated adjacent to the landmark Kendals building, which is due to be refurbished and when completed will provide approx. 500,000 sq ft of Grade A office space together with approx. 40,000 sq ft of retail & leisure space, Deansgate benefits from a high footfall 7 days a week and is a popular pitch for F&B, leisure and retail.

The unit provides 3,145 sq ft on Ground Floor only with an extraction route available. All uses will be considered.

Please contact Louie Gazdar for more information:

Lgazdar@dcl.co.uk
07908 119 441

@DCL have been instructed by Landlord, @thackeraygroup, to market 118 Deansgate in Manchester on a new lease. Situated adjacent to the landmark Kendals building, which is due to be refurbished and when completed will provide approx. 500,000 sq ft of Grade A office space together with approx. 40,000 sq ft of retail & leisure space, Deansgate benefits from a high footfall 7 days a week and is a popular pitch for F&B, leisure and retail.

The unit provides 3,145 sq ft on Ground Floor only with an extraction route available. All uses will be considered.

Please contact Louie Gazdar for more information:

Lgazdar@dcl.co.uk
07908 119 441 ...

Mar 8

Today on #internationalwomensday, as every day, we celebrate our valued team and the contributions they make to promote inclusion and empowerment in their daily lives, from supporting female-founded businesses, to raising funds for women’s mental and physical health and coaching rugby to women and girls. #InspireInclusion

Today on #internationalwomensday, as every day, we celebrate our valued team and the contributions they make to promote inclusion and empowerment in their daily lives, from supporting female-founded businesses, to raising funds for women’s mental and physical health and coaching rugby to women and girls. #InspireInclusion ...

Mar 7

We are delighted to be working with John Lewis on the appointment of a new hospitality partner to operate the rooftop of its flagship Oxford Street store.

The rooftop garden was created in 2014 as part of the 150th anniversary celebrations for John Lewis, and most recently played host to Willows on the Roof’s Winter Terrace.

A suitably fitting operator is sought to deliver a compelling restaurant, bar and garden for the space, which has panoramic views across central London’s skyline.

For further info contact Kate Taylor or Tony Levine

We are delighted to be working with John Lewis on the appointment of a new hospitality partner to operate the rooftop of its flagship Oxford Street store.

The rooftop garden was created in 2014 as part of the 150th anniversary celebrations for John Lewis, and most recently played host to Willows on the Roof’s Winter Terrace.

A suitably fitting operator is sought to deliver a compelling restaurant, bar and garden for the space, which has panoramic views across central London’s skyline.

For further info contact Kate Taylor or Tony Levine ...

Mar 6

On behalf of luxury residence operator Grand Residence Club by Marriott, we are delighted to have been tasked with sourcing a new tenant for the Mayfair restaurant premises formerly home to Le Gavroche. The fine dining restaurant – a London institution - completed its final service in January, ending a 55 year tenure. A fitting operator is sought for the 4,000 sq ft venue in Upper Brook Street, which sits below GRC’s luxury residences.

Contact Tracey Mills or Tony Levine for further information.

On behalf of luxury residence operator Grand Residence Club by Marriott, we are delighted to have been tasked with sourcing a new tenant for the Mayfair restaurant premises formerly home to Le Gavroche. The fine dining restaurant – a London institution - completed its final service in January, ending a 55 year tenure. A fitting operator is sought for the 4,000 sq ft venue in Upper Brook Street, which sits below GRC’s luxury residences.

Contact Tracey Mills or Tony Levine for further information. ...

Feb 6

Coming soon to Covent Garden… London’s first Mexican “churreria”. @aguamiel.ldn - a flagship dessert bar majoring on churros doughnuts - launches this month at 24 Wellington Street; a thriving Theatreland destination close to Covent Garden Piazza.

Churros, made fresh in-house, will be served with a choice of sugar or real cinnamon and sugar, along with one of three dips (dulce de leche, condensed milk or chocolate), partnered with quality coffee and specialist Mexican hot and cold drinks, including aguas fresca, horchata and spiced hot chocolate.

@dcl_leisure acted on behalf of Shaftesbury Capital to let the 800 sq ft unit.

Coming soon to Covent Garden… London’s first Mexican “churreria”. @aguamiel.ldn - a flagship dessert bar majoring on churros doughnuts - launches this month at 24 Wellington Street; a thriving Theatreland destination close to Covent Garden Piazza.

Churros, made fresh in-house, will be served with a choice of sugar or real cinnamon and sugar, along with one of three dips (dulce de leche, condensed milk or chocolate), partnered with quality coffee and specialist Mexican hot and cold drinks, including aguas fresca, horchata and spiced hot chocolate.

@dcl_leisure acted on behalf of Shaftesbury Capital to let the 800 sq ft unit. ...

Jan 24

Set to open in March 2024, chicken lovers favourite, Wingstop, is adding to its growing empire with a dine-in location at former the Bodeans site, 169 Clapham High Street.

@wingstopuk first opened its doors in Texas in 1994. Their outstanding food and superior customer service created a demand that could only be satisfied by more locations. In 1997 they began offering franchises and today they are one of the fastest-growing concepts in North America.

Now, with 26 restaurants and 13 "delivery only" dark kitchens in the UK and over 1,500 restaurants globally; US, Mexico, Colombia, Panama, Singapore, Indonesia, Malaysia, France and the UAE, Wingstop has a huge following.

Paul Tallentyre represented @bodeansbbq for the sale of the lease at a premium.

#wingstopuk
#chickenwings

Set to open in March 2024, chicken lovers favourite, Wingstop, is adding to its growing empire with a dine-in location at former the Bodeans site, 169 Clapham High Street.

@wingstopuk first opened its doors in Texas in 1994. Their outstanding food and superior customer service created a demand that could only be satisfied by more locations. In 1997 they began offering franchises and today they are one of the fastest-growing concepts in North America.

Now, with 26 restaurants and 13 "delivery only" dark kitchens in the UK and over 1,500 restaurants globally; US, Mexico, Colombia, Panama, Singapore, Indonesia, Malaysia, France and the UAE, Wingstop has a huge following.

Paul Tallentyre represented @bodeansbbq for the sale of the lease at a premium.

#wingstopuk
#chickenwings ...

Jan 17

NEW PROPERTY ALERT

See our latest public house instructions.:

1 Royal Vauxhall Tavern, Vauxhall
2 Putney Pies, Putney
3 Loose Box, Westminster
4 Ferndale Road, Brixton
5 The Feathers, Chalfont St Giles

See link in bio for more...

NEW PROPERTY ALERT

See our latest public house instructions.:

1 Royal Vauxhall Tavern, Vauxhall
2 Putney Pies, Putney
3 Loose Box, Westminster
4 Ferndale Road, Brixton
5 The Feathers, Chalfont St Giles

See link in bio for more... ...

Jan 11

@westfieldstratfordcity has welcomed Asian bakery @ongongbuns run by husband and wife Icy and Aaron Mo.
Pop down to the Great Eastern Market at Westfield Stratford City to grab one of their Chinese pork, chicken curry, Korean Garlic Bread and Spicy Vegan salty ong buns buns or treat yourself to some sweet pandan and coconut cake.
The Great Eastern Market is home to a host of specialist and independent food outlets including Karaway Bakery, Ergon Greek deli, Pasta Remoli, Rasa Malaysia and Japan Centre, as well as microbrewery Tap East. Contact us for pop up and longer term opportunities

@westfieldstratfordcity has welcomed Asian bakery @ongongbuns run by husband and wife Icy and Aaron Mo.
Pop down to the Great Eastern Market at Westfield Stratford City to grab one of their Chinese pork, chicken curry, Korean Garlic Bread and Spicy Vegan salty ong buns buns or treat yourself to some sweet pandan and coconut cake.
The Great Eastern Market is home to a host of specialist and independent food outlets including Karaway Bakery, Ergon Greek deli, Pasta Remoli, Rasa Malaysia and Japan Centre, as well as microbrewery Tap East. Contact us for pop up and longer term opportunities ...

Dec 22

Season’s Eatings Day #15: Brutto

We end the year, and our Season’s Eating’s series, with a tribute and a toast to Russell Norman; one of hospitality’s finest and a truly inspirational figure whose loss is keenly felt.

Russell’s impact on London’s dining scene in London was immense. From the launch of Polpo in 2009 to his most recent project @bru.tto, both he and his restaurants were defined by creativity and flair, attention to detail and genuine warmth and hospitality. Whilst rapturously received and commercially successful, they were underpinned by a sincere and scholarly passion for the source of their inspiration, as was evident in Russell’s award-winning books “POLPO: a Venetian cookbook (of sorts)”, “Spuntino – Comfort Food (New York Style)”, “Venice – Four Seasons of Home Cooking” and “BRUTTO: A Simple Florentine Cookbook”.

We had the privilege of working with Russell and his business partner Richard Beatty on projects from the first Polpo on Beak Street, to Polpetto, Spuntino, Mishkin’s, Ape & Bird and Brutto - the Clerkenwell restaurant that is Russell’s take on a Florentine bistro. The lively neighbourhood trattoria proved an instant hit; a winning combination of simplicity, authenticity and conviviality, with a sprinkling of Russell’s fairy dust. Long may it live on.

#seasonseatings #nicelist #DCL_adventcalendar

Season’s Eatings Day #15: Brutto

We end the year, and our Season’s Eating’s series, with a tribute and a toast to Russell Norman; one of hospitality’s finest and a truly inspirational figure whose loss is keenly felt.

Russell’s impact on London’s dining scene in London was immense. From the launch of Polpo in 2009 to his most recent project @bru.tto, both he and his restaurants were defined by creativity and flair, attention to detail and genuine warmth and hospitality. Whilst rapturously received and commercially successful, they were underpinned by a sincere and scholarly passion for the source of their inspiration, as was evident in Russell’s award-winning books “POLPO: a Venetian cookbook (of sorts)”, “Spuntino – Comfort Food (New York Style)”, “Venice – Four Seasons of Home Cooking” and “BRUTTO: A Simple Florentine Cookbook”.

We had the privilege of working with Russell and his business partner Richard Beatty on projects from the first Polpo on Beak Street, to Polpetto, Spuntino, Mishkin’s, Ape & Bird and Brutto - the Clerkenwell restaurant that is Russell’s take on a Florentine bistro. The lively neighbourhood trattoria proved an instant hit; a winning combination of simplicity, authenticity and conviviality, with a sprinkling of Russell’s fairy dust. Long may it live on.

#seasonseatings #nicelist #DCL_adventcalendar ...

Dec 21

Season’s Eatings Day #14: Arlington

News began to emerge earlier in the year that hospitality legend @jeremyrbking would make a very welcome return to the capital’s dining scene with not one, but three major projects.

The first to open in early 2024 will be a reinvention of Le Caprice - the restaurant where Jeremy began his career with business partner Chris Corbin - which will open under the new name of Arlington.

Though originally opened in 1947, Le Caprice took on a new lease of life when it was taken over by King and Corbin in 1981, becoming one of London’s most in-demand dining rooms with a stellar clientele, tended to by “maître d’ without equal” Jesus Adorno, with whom King is re-uniting for the project. Adaptions of old favourites from the menu for 21st century tastes are planned for @arlingtonlondon, by former Le Caprice head chef Will Halsall and team.

The launch will be followed in the spring by the opening of @theparklondon in the new Park Modern building opposite Kensington Palace Gardens, to be followed by a reinvention of institution Simpsons in the Strand.

DCL acted for Jeremy King Restaurants on the off-market acquisition of Le Caprice, as well as brokering the Park Modern and Simpsons in the Strand deals.

#seasonseatings #nicelist #dcl_adventcalendar

Season’s Eatings Day #14: Arlington

News began to emerge earlier in the year that hospitality legend @jeremyrbking would make a very welcome return to the capital’s dining scene with not one, but three major projects.

The first to open in early 2024 will be a reinvention of Le Caprice - the restaurant where Jeremy began his career with business partner Chris Corbin - which will open under the new name of Arlington.

Though originally opened in 1947, Le Caprice took on a new lease of life when it was taken over by King and Corbin in 1981, becoming one of London’s most in-demand dining rooms with a stellar clientele, tended to by “maître d’ without equal” Jesus Adorno, with whom King is re-uniting for the project. Adaptions of old favourites from the menu for 21st century tastes are planned for @arlingtonlondon, by former Le Caprice head chef Will Halsall and team.

The launch will be followed in the spring by the opening of @theparklondon in the new Park Modern building opposite Kensington Palace Gardens, to be followed by a reinvention of institution Simpsons in the Strand.

DCL acted for Jeremy King Restaurants on the off-market acquisition of Le Caprice, as well as brokering the Park Modern and Simpsons in the Strand deals.

#seasonseatings #nicelist #dcl_adventcalendar ...

Dec 20

Season’s Eatings Day #13: Bunsik, Westfield Stratford City

@westfieldstratfordcity has today welcomed popular Korean street food brand @bunsik_london.

The fast-growing brand’s fifth site is located within the busy lower ground floor food court. Alongside its epic corn dogs, kimbap, ddukbokki and Korean fried chicken, in a first for the group, a range of vegetarian options are on offer, including the debut of its first veggie burger.

The launch marks a milestone in the growth of the ambitious brand, which launched in 2021 on Charing Cross Road.

DCL advises URW on F&B and leisure at Westfield Stratford City and Westfield London.

#seasonseatings #nicelist #dcl_adventcalendar ...

Dec 19

Season’s Eatings Day #12: Sune, Broadway Market

Despite only opening in November, this newcomer to Broadway Market from hospitality power couple Honey Spencer and Charlie Sims has already been voted one of the Top 10 openings of 2023 by readers of @hotdinners.

@restosune – which takes its name from the Nordic name for son, as well as the name of sommelier Spencer’s wine mentor Sune Rosforth in Copenhagen – is a neighbourhood restaurant with a seasonal menu that champions British produce, served alongside the best seasonal natural wines.

The pair have an outstanding pedigree, with decades of experience between them gained across the globe, including Sims’ role as restaurant manager of Noma.

DCL worked on behalf of the exiting tenant and the landlord in order to negotiate a new lease.

#seasonseatings #nicelist #dcl_adventcalendar

Season’s Eatings Day #12: Sune, Broadway Market

Despite only opening in November, this newcomer to Broadway Market from hospitality power couple Honey Spencer and Charlie Sims has already been voted one of the Top 10 openings of 2023 by readers of @hotdinners.

@restosune – which takes its name from the Nordic name for son, as well as the name of sommelier Spencer’s wine mentor Sune Rosforth in Copenhagen – is a neighbourhood restaurant with a seasonal menu that champions British produce, served alongside the best seasonal natural wines.

The pair have an outstanding pedigree, with decades of experience between them gained across the globe, including Sims’ role as restaurant manager of Noma.

DCL worked on behalf of the exiting tenant and the landlord in order to negotiate a new lease.

#seasonseatings #nicelist #dcl_adventcalendar ...

Dec 18

Season’s Eatings Day #11: Farm Shop, Mayfair

Just in time for festive food shopping, independently hospitality business Artfarm has opened Farm Shop on South Audley Street, across the road from sister operations The Audley Pub and Mount Street Restaurant.

Featuring the same award-winning products as Somerset’s @farmshopuk at the 1,000 acre Durslade Farm in Bruton, the new opening also houses a separate butchery room selling high-welfare meat, including beef and lamb from the farm. Star turns include wine created from grapes grown on the estate; honey from its hives and cider from the orchard, as well as products from emerging and established artisans in the South West. Refuel on Christmas shopping trips with cheese toasties and hearty hot beef sandwiches, generously filled with the farm’s own meat, or high-quality coffee from roastery Mozzo.

A 40-cover eatery and wine cellar will open on the lower ground floor in the new year.

DCL acted for landlord Grosvenor on the letting.

#seasonseatings #nicelist #dcl_adventcalendar

Season’s Eatings Day #11: Farm Shop, Mayfair

Just in time for festive food shopping, independently hospitality business Artfarm has opened Farm Shop on South Audley Street, across the road from sister operations The Audley Pub and Mount Street Restaurant.

Featuring the same award-winning products as Somerset’s @farmshopuk at the 1,000 acre Durslade Farm in Bruton, the new opening also houses a separate butchery room selling high-welfare meat, including beef and lamb from the farm. Star turns include wine created from grapes grown on the estate; honey from its hives and cider from the orchard, as well as products from emerging and established artisans in the South West. Refuel on Christmas shopping trips with cheese toasties and hearty hot beef sandwiches, generously filled with the farm’s own meat, or high-quality coffee from roastery Mozzo.

A 40-cover eatery and wine cellar will open on the lower ground floor in the new year.

DCL acted for landlord Grosvenor on the letting.

#seasonseatings #nicelist #dcl_adventcalendar ...

Testimonials

“Throughout my life as a restaurateur, the recurring constant has always been the name Coffer. David Coffer and his reassuringly loyal team have represented me on every acquisition, rent review, valuation and…. Well everything! I couldn’t do without them.”

Jeremy King

Jeremy King, Proprietor and CEO, Jeremy King Restaurants

“Mosaic Pub & Dining have worked with Davis Coffer Lyons for many years, and we have found them to be consistently exceptional. They understand Mosaic’s requirements perfectly, and are always prepared to go the extra mile when required. DCL have been very instrumental in Mosaic’s success story and we would not hesitate to recommend them.”

James Watson

James Watson, Joint CEO, Mosaic Pub & Dining

“At the start of pandemic I thought at least I will use the time to reduce the number of sites we owned and tidy the estate up a bit. Paul had other ideas and we have acquired three new locations all looking very positive for the future.”

“Paul is the new Bielsa!”

Michael Nicholas

Rose Pubs

“I have now instructed Cameron Wright at Davis Coffer Lyons on numerous valuations and have further instructions in course. Cameron is always very helpful, responds quickly and can be relied upon to produce his reports timeously and often ahead of expected timescales. In addition he is always happy to discuss the outcomes and offer valuation advice when required. I look forward to continuing to work with Davis Coffer Lyons on future transactions.”

Richard Henshaw, Head of Healthcare

Thincats

“I have worked with Paul Tallentyre for many years and he has helped us out hugely in securing a number of deals in that time. Paul never gives up and has been very successful in getting deals over the line”

Clive Watson

City Pubs