Deal Completed at La Cloche at the Lion Pub in Teddington
April 7, 2016
The specialist pubs and bars team at niche leisure property advisers, Davis Coffer Lyons, has assigned the leasehold interest of La Cloche at the Lion pub in Teddington, Twickenham.
The lease has been assigned to leisure and hotels entrepreneur, Tommy Moran, of Moran Hospitality. The premises are held on the remainder of a 15 year Enterprise Inns FRI lease which has ten years remaining, at a passing rent of £41,402 per annum. It was purchased from a private vendor off an asking price of £250,000 premium.
The end terrace, corner premises comprise circa 3,509 sq ft, seating 300 covers including the large beer garden. It is arranged over three storeys which includes a four bedroom accommodation on the first floor.
Connie Start, Associate Director at Davis Coffer Lyons, said, La Cloche is a popular and well-presented pub with an established food-led offer in the affluent suburbs of Teddington and Hampton Wick. This is a profitable business both within the community and as a destination, which often benefits from lucrative corporate bookings. I am sure Mr Moran will continue to drive its success.