DCL sells East Dulwich pub The Herne to Britannia Pub Co
May 13, 2013
Cymon Eckel, a veteran of the London music and bar scene, has purchased his third neighbourhood pub venue under the new Britannia Pub Company after securing an assignment of the lease at The Herne in East Dulwich.
The operator behind late night favourites XOYO, Riki Tik and The Coronet , purchased the interest in excess of the asking price which was being sold by leisure agents Davis Coffer Lyons.
Held on the remainder of a 20 year lease from Punch Taverns, the 80 cover venue has a classic wood panelled interior and one of south Londons largest beer gardens with over 200 seats as well as a function barn and the benefit of a 2am licence.
The vendors, Palmerston Partners Ltd, are owners and operators of the acclaimed Palmerston dining pub on Lordship Lane; the freehold of which they recently purchased from Enterprise Inns on a sale and leaseback whilst remaining as tenants. One of the partners is now focussing on expansion of Thai street food restaurant The Begging Bowl in the trendy Bellenden Road area of Peckham.
Chris Bickle, Associate Director of leisure agents Davis Coffer Lyons, says: Over recent years we have completed numerous premium pub sales in Dulwich and neighbouring Peckham Rye which is testament to the areas continued growth and development, both in terms of leisure and residential status. The Herne is a very fine public house that presents ample potential for an experienced operator such as Cymon.