Broken Foot Inns Takes South London’s Manor Arms
July 8, 2013
Popular south London pub, The Manor Arms in Streatham, has been sold on a 999 year long lease to Broken Foot Inns Ltd in an off-market deal. Davis Coffer Lyons, the leisure specialist, advised Who Cares Wins (Property) Ltd on the sale.
DCL first became involved with The Manor Arms in November 2010 when it was purchased by former Capital Pub Company senior operations managers, Richard Coltart and Alex Hughes. It then underwent an extensive development and refurbishment programme which transformed the 4,400 sq ft ground and basement space incorporating an open-plan theatre kitchen , bespoke pewter bar and a Crab Shack eatery in the walled garden. The pub reopened in February 2011 with the upper parts completing in early 2013 which have been retained for sale or letting.
Offering award-winning restaurant quality food in an elegant and family friendly pub setting, The Manor Arms has firmly established itself within the leisure scene. The Times Giles Coren declared it brilliant. Actor David Harewood star of American drama Homeland – is a regular at the pub which has a Mumsnet Gold Award, was a finalist in the 2013 Publican Awards and was Streatham Business Awards best place to eat and drink in 2013.
Streatham has become increasingly popular in recent years with families and young professionals moving to the area. Streatham Hub, a mixed-use scheme close to The Manor Arms, which will include a Tesco superstore, a leisure centre and 250 homes is due for completion in late 2013/early 2014. The Manor Arms has been at the centre of the areas rise for some years and sits adjacent to Streatham Green which has further civic improvements planned.
Broken Foot Inns Ltd – which is headed up by industry veteran David Franks who is the Financial Director and Chairman – also operates the Theodore Bullfrog near Charing Cross, The Coach & Horses in Greenwich, The Three Guineas in Reading, The Village Inn, Ealing and The Seagate in North Devon. Franks is also Chairman of Redcomb Pubs that is headed up by Dan Shotton and Mark Draper and have a further six venues in locations such as Dorking and Newbury.
Chris Bickle Associate Director at Davis Coffer Lyons says: The Manor Arms has played its role in the ongoing gentrification of this area which is fast becoming a preference rather than an alternative to pricier neighbouring boroughs. Richard and Alex created a tremendous business here which will undoubtedly be built on by BFIs considerable experience.
Richard Coltart of WCW (P) Ltd says: Alex and I are extremely proud of what we have achieved at the Manor Arms and the improvements we have made over the past 2 ½ years, reflected in a number of industry and local awards. Streatham is a great place to live and do business and we are extremely grateful to our loyal and growing clientele for their custom and support since our arrival. Now is a time for us to pursue new and exciting independent consulting roles within the industry. We have no doubt that David and his team will build on what we have achieved at the Manor Arms and continue to take the pub from strength to strength. We wish them, and all in Streatham, the very best for the future!
Davis Coffer Lyons also assisted Richard Coltart and Alex Hughes with the leasehold assignment of their destination dining pub in Surrey, The Abinger Hatch. The 92 seater venue was sold off an asking price of £150,000 in late May this year.