Establishment HM Limited grows City portfolio further
January 29, 2014
Popular City Bar, The Spectator, is the latest site DCL – the leisure specialists – has secured for Establishment HM Limited after it acquired the lease off an asking price of £150,000. This deal follows its purchase of The Plum Tree in Farringdon, which DCL sold as a closed site in December (2013).
The attractive 2,700 sq ft ground floor and basement wine bar in the City of London is a stones throw from St Pauls Cathedral and the Museum of London. It has undergone a recent refurbishment providing modern and stylish drinking and dining space.
Establishment HM Limited – trading as EHM Bars-Clubs-Restaurants – has purchased a 25 year free of-tie lease with 16 year unexpired.
Jonathan Moradoff of Davis Coffer Lyonssaid: This deal once again highlights how vibrant the Capitals market is at the moment. The feel good factor that is emerging in The City is really starting to filter out and we expect to see the market continue to hot up as we move into 2014. The Spectator is the latest addition to Establishment HM Limiteds growing portfolio and we have no doubt – given the companys track record – it will be a success.
The vendor was represented by Dean Gambles and Co.