Iconic music venue The Water Rats sold – Davis Coffer Lyons

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Our agents complete a vast range of deals every month. Though we have to keep some of our success stories under wraps for our clients, we showcase as many as possible here, together with regular insights into the leisure property sector.

Iconic music venue The Water Rats sold

August 10, 2015

Iconic London music venue The Water Rats has been sold by Davis Coffer Lyons the leisure specialists to Sally Fox who previously ran the successful Soho Nightclub Moonlighting for a premium of £150,000 and a rent of £90,000 pa.

The venue on Grays Inn Road near Kings Cross was previously the haunt of Lenin and Karl Marx the latter of which had a flat on the upper floors. It then became one of the Capitals premier live music venues with performances from some of the biggest names in music including Bob Dylan, Oasis, The Pogues, Katy Perry and Alanis Morisette.

The venue will undergo a substantial refurbishment to bring it back to its former glory with a quirky modern design. Once reopened The Water Rats will provide an all-day gastro service from breakfast and coffee in the morning to real ale and cocktails in the evening. There will also be performances from some of the biggest bands in the country, with some being broadcast live on television as well as book launches and a series of other events.

Paul Tallentyre, Executive Director at Davis Coffer Lyons said: Despite concerns about the closure of this type of property The Water Rats will continue to operate as a late night music venue, which highlights the opportunities in the sector for the right property and operation. It is a truly iconic venue, which – coupled with Sallys extensive knowledge of operating similar venues – will help to ensure that the venue continues to attract top quality bands and music lovers for years to come.

Sally Fox, said: We are ecstatic to be running such an iconic venue and are passionate about continuing the live music and comedy nights as well as introducing a new gastro food offer. This is a match made in heaven and we look forward to carrying on The Grand Order of the Water Rats legacy.

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The unit provides 3,145 sq ft on Ground Floor only with an extraction route available. All uses will be considered.

Please contact Louie Gazdar for more information:

Lgazdar@dcl.co.uk
07908 119 441

@DCL have been instructed by Landlord, @thackeraygroup, to market 118 Deansgate in Manchester on a new lease. Situated adjacent to the landmark Kendals building, which is due to be refurbished and when completed will provide approx. 500,000 sq ft of Grade A office space together with approx. 40,000 sq ft of retail & leisure space, Deansgate benefits from a high footfall 7 days a week and is a popular pitch for F&B, leisure and retail.

The unit provides 3,145 sq ft on Ground Floor only with an extraction route available. All uses will be considered.

Please contact Louie Gazdar for more information:

Lgazdar@dcl.co.uk
07908 119 441 ...

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Today on #internationalwomensday, as every day, we celebrate our valued team and the contributions they make to promote inclusion and empowerment in their daily lives, from supporting female-founded businesses, to raising funds for women’s mental and physical health and coaching rugby to women and girls. #InspireInclusion ...

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For further info contact Kate Taylor or Tony Levine

We are delighted to be working with John Lewis on the appointment of a new hospitality partner to operate the rooftop of its flagship Oxford Street store.

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For further info contact Kate Taylor or Tony Levine ...

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Contact Tracey Mills or Tony Levine for further information.

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Coming soon to Covent Garden… London’s first Mexican “churreria”. @aguamiel.ldn - a flagship dessert bar majoring on churros doughnuts - launches this month at 24 Wellington Street; a thriving Theatreland destination close to Covent Garden Piazza.

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@dcl_leisure acted on behalf of Shaftesbury Capital to let the 800 sq ft unit. ...

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#wingstopuk
#chickenwings

Set to open in March 2024, chicken lovers favourite, Wingstop, is adding to its growing empire with a dine-in location at former the Bodeans site, 169 Clapham High Street.

@wingstopuk first opened its doors in Texas in 1994. Their outstanding food and superior customer service created a demand that could only be satisfied by more locations. In 1997 they began offering franchises and today they are one of the fastest-growing concepts in North America.

Now, with 26 restaurants and 13 "delivery only" dark kitchens in the UK and over 1,500 restaurants globally; US, Mexico, Colombia, Panama, Singapore, Indonesia, Malaysia, France and the UAE, Wingstop has a huge following.

Paul Tallentyre represented @bodeansbbq for the sale of the lease at a premium.

#wingstopuk
#chickenwings ...

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See our latest public house instructions.:

1 Royal Vauxhall Tavern, Vauxhall
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See link in bio for more...

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See our latest public house instructions.:

1 Royal Vauxhall Tavern, Vauxhall
2 Putney Pies, Putney
3 Loose Box, Westminster
4 Ferndale Road, Brixton
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See link in bio for more... ...

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Pop down to the Great Eastern Market at Westfield Stratford City to grab one of their Chinese pork, chicken curry, Korean Garlic Bread and Spicy Vegan salty ong buns buns or treat yourself to some sweet pandan and coconut cake.
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We had the privilege of working with Russell and his business partner Richard Beatty on projects from the first Polpo on Beak Street, to Polpetto, Spuntino, Mishkin’s, Ape & Bird and Brutto - the Clerkenwell restaurant that is Russell’s take on a Florentine bistro. The lively neighbourhood trattoria proved an instant hit; a winning combination of simplicity, authenticity and conviviality, with a sprinkling of Russell’s fairy dust. Long may it live on.

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#seasonseatings #nicelist #dcl_adventcalendar

Season’s Eatings Day #14: Arlington

News began to emerge earlier in the year that hospitality legend @jeremyrbking would make a very welcome return to the capital’s dining scene with not one, but three major projects.

The first to open in early 2024 will be a reinvention of Le Caprice - the restaurant where Jeremy began his career with business partner Chris Corbin - which will open under the new name of Arlington.

Though originally opened in 1947, Le Caprice took on a new lease of life when it was taken over by King and Corbin in 1981, becoming one of London’s most in-demand dining rooms with a stellar clientele, tended to by “maître d’ without equal” Jesus Adorno, with whom King is re-uniting for the project. Adaptions of old favourites from the menu for 21st century tastes are planned for @arlingtonlondon, by former Le Caprice head chef Will Halsall and team.

The launch will be followed in the spring by the opening of @theparklondon in the new Park Modern building opposite Kensington Palace Gardens, to be followed by a reinvention of institution Simpsons in the Strand.

DCL acted for Jeremy King Restaurants on the off-market acquisition of Le Caprice, as well as brokering the Park Modern and Simpsons in the Strand deals.

#seasonseatings #nicelist #dcl_adventcalendar ...

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#seasonseatings #nicelist #dcl_adventcalendar ...

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DCL worked on behalf of the exiting tenant and the landlord in order to negotiate a new lease.

#seasonseatings #nicelist #dcl_adventcalendar

Season’s Eatings Day #12: Sune, Broadway Market

Despite only opening in November, this newcomer to Broadway Market from hospitality power couple Honey Spencer and Charlie Sims has already been voted one of the Top 10 openings of 2023 by readers of @hotdinners.

@restosune – which takes its name from the Nordic name for son, as well as the name of sommelier Spencer’s wine mentor Sune Rosforth in Copenhagen – is a neighbourhood restaurant with a seasonal menu that champions British produce, served alongside the best seasonal natural wines.

The pair have an outstanding pedigree, with decades of experience between them gained across the globe, including Sims’ role as restaurant manager of Noma.

DCL worked on behalf of the exiting tenant and the landlord in order to negotiate a new lease.

#seasonseatings #nicelist #dcl_adventcalendar ...

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#seasonseatings #nicelist #dcl_adventcalendar

Season’s Eatings Day #11: Farm Shop, Mayfair

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Featuring the same award-winning products as Somerset’s @farmshopuk at the 1,000 acre Durslade Farm in Bruton, the new opening also houses a separate butchery room selling high-welfare meat, including beef and lamb from the farm. Star turns include wine created from grapes grown on the estate; honey from its hives and cider from the orchard, as well as products from emerging and established artisans in the South West. Refuel on Christmas shopping trips with cheese toasties and hearty hot beef sandwiches, generously filled with the farm’s own meat, or high-quality coffee from roastery Mozzo.

A 40-cover eatery and wine cellar will open on the lower ground floor in the new year.

DCL acted for landlord Grosvenor on the letting.

#seasonseatings #nicelist #dcl_adventcalendar ...

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DCL acted on behalf of landlord Cadogan on the letting of the Harriet Street restaurant.

#seasonseatings #nicelist #dcl_adventcalendar

Season’s Eatings Day #10: Cantinetta Antinori

In April, Knightsbridge welcomed Cantinetta Antinori – the first London restaurant for the Antinori family, renowned for producing Italy’s finest wines and their celebrated restaurant in Florence, located in the fifteenth century Palazzo Antinori.

Occupying a characterful three-storey period building, and in distinguished company with neighbours including Gucci and Louis Vuitton on Sloane Street, the vibrant and elegant restaurant offers relaxed, all day Italian dining, with signature dishes highlighting both traditional and contemporary Tuscan recipes, along with Antinori wines -including some exclusive vintages - and live jazz Thursday to Saturday evening.

DCL acted on behalf of landlord Cadogan on the letting of the Harriet Street restaurant.

#seasonseatings #nicelist #dcl_adventcalendar ...

Testimonials

“Throughout my life as a restaurateur, the recurring constant has always been the name Coffer. David Coffer and his reassuringly loyal team have represented me on every acquisition, rent review, valuation and…. Well everything! I couldn’t do without them.”

Jeremy King

Jeremy King, Proprietor and CEO, Jeremy King Restaurants

“Mosaic Pub & Dining have worked with Davis Coffer Lyons for many years, and we have found them to be consistently exceptional. They understand Mosaic’s requirements perfectly, and are always prepared to go the extra mile when required. DCL have been very instrumental in Mosaic’s success story and we would not hesitate to recommend them.”

James Watson

James Watson, Joint CEO, Mosaic Pub & Dining

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“Paul is the new Bielsa!”

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“I have worked with Paul Tallentyre for many years and he has helped us out hugely in securing a number of deals in that time. Paul never gives up and has been very successful in getting deals over the line”

Clive Watson

City Pubs