Clapham Favourite Frieda B Sold
May 11, 2011
One of Claphams most acclaimed independent cocktail bars has been sold by leisure agents Davis Coffer Lyons.
The Free of Tie Leasehold premises has been purchased by Matt McClymont. The 1,248sqft sq ft bar was offered to the market at a guide price £160,000 and is held on the remainder of a 15 year free of tie lease from December 2000 at a new passing rent of £41,500 per annum.
McClymont, who plans to operate the business in its existing guise, was formerly of Eclectic Bars, operator of Embargo, Sakura and Lola Lo, and is now actively looking for further sites in premium areas of London as well as Cambridge, Oxford and Brighton.
Chris Bickle of Davis Coffer Lyons comments: This area of Clapham is at the top of many operators lists; it has an incredibly good demographic and a varied drinking and eating out circuit which has attracted some of Londons very best independent businesses.
Matt McClymont, said: Frieda B is an a great location with potential to attract the more discerning customers of the area who appreciate quality drinks and friendly, professional customer service. The 2 floors allow customers to have a quieter or livelier experience depending on the occasion, which makes us unique to the area. We are really looking forward to welcoming both existing and new customers and continuing to provide good times!
Frieda B was conceived by Swedish/Italian businessman Patrick Mina in late 2005, and soon became a popular local hangout renowned for its friendly service, imaginative cocktails and DJ nights. The two storey bar benefits from a 2am licence.