Rock Entertainment Takes on the Herbert Chapman
November 13, 2012
On behalf of S2 Estates, Davis Coffer Lyons Pubs and Bars team has completed the leasehold sale of the Herbert Chapman on Holloway Road, London N1, to Rock Entertainment UK Ltd, a subsidiary of Mighty Pub Co Ltd.
A new 25 year lease was granted at a passing rent of £60,000 per annum exclusive. The Herbert Chapman is a 1,152 sq ft property close to the Emirates Stadium, will be fully renovated and operate as a wet-led venue in the New Year. The tenants intend to preserve the historical characteristics of the venue, which is arranged over basement and ground floor. S2 Estates, led by Simon Berg, has also commenced plans to develop the upper floors of the property for residential use.
Charlotte Wild of Davis Coffer Lyons Pubs and Bars team, said, We have brokered a number of property transactions in the Islington borough throughout 2012 including the acquisition of Keston Lodge for 580 Limited, the sale of the Albert & Pearl to House of Wolf, the leasehold assignment of The Compass to Bar Chocolate, and The Horatia on Holloway Road is also under offer. As we have reported before, there is an exceptional demand for good quality free of tie sites in this area and we are keen to assist new clients if interested to sell.
Mighty Pub Co Ltd currently operates the After Dark venues in Cleethorpes, Boston and Peterborough.