New Restaurant Docks in Battersea
July 24, 2013
Popular South London restaurant Ransomes Dock in Battersea has been sold by DCL the leisure specialists to Tbl7 LTD for £110,000. Located just off Battersea Bridge Road, the 2,000 sq ft restaurant is surrounded by some other popular south-of-the-river venues including Bunga Bunga and the Doodle Bar.
Ransomes Dock was first opened in 1992 by Martin and Vanessa Lam and is commonly referred to as the blueprint for the neighbourhood restaurant. Although the restaurant continued to trade successfully the pair decided to close after 21 years to allow them some time off. The restaurant will close in August (2013) before reopening under a different name later this year.
Josh Leon, Associate Director at DCL said: Ransomes Dock is in a lovely location which has recently seen more demand from restaurateurs and bar operators since the surrounding area has become an overspill for those who would have previously lived and gone out in Chelsea. Its just over the bridge so easy to get to but prices are much lower. There are also the longer term plans for Nine Elms just to the east so we expect to see a further spike in demand over the course of the year. There is however a serious lack of good quality existing stock in this area and new A3 planning consents remain in short supply.