Clerkenwell Shows Easton Promise for Damp Investments
January 17, 2011
One of Clerkenwells most established gastro pubs has been sold by agents Davis Coffer Lyons to Damp Investments Ltd. The Easton, located off the bustling Exmouth Market between Farringdon and Islington, is held on the remainder of an Enterprise Inns PLC lease at a passing rent of £39,000 per annum.
The Easton was sold by Andrew Veevers who operated the acclaimed business for over eight years. The pub carved out a reputation as an uncomplicated and relaxed dining pub, popular with the creative businesses that proliferate this fashionable area of the City.
The Easton benefits from a 1am licence and the business is approximately 63% wet led. The new owner is a recently formed pub operator, and also owns The Brown Dog in the South West London suburb of Barnes.
Chris Bickle of Davis Coffer Lyons comments: We have secured good premiums for many clients in the last 12 months and The Easton is no exception. This is a great pub that has built a reputation delivering what people want; good food, friendly, professional and relaxed service in a buzzing environment. It is a fantastic match for the style of the new buyers also.
Davis Coffer Lyons also acted for the partners to dispose of its remaining premises The Princess, in Shoreditch, in 2008. Two years later the pub was named Time Out Best New Gastropub.