Young’s Buys London Music Venue The Bull & Gate
Pub operator Youngs has completed a deal through Davis Coffer Lyons for the purchase of the Bull and Gate pub in Kentish Town, North London.
Over the years some of the biggest names on the international music scene have graced the back-room stage of the Bull & Gate on their way up the music ladder; the venue has showcased early performances by Coldplay, Blur, Nirvana, Muse, and Manic Street Preachers.
Chris Bickle, Associate Director at Davis Coffer Lyons, acted on behalf of the vendors, the Lynskey family. Bickle said, The Bull & Gate created quite a stir when it first came to the market with many observers fearing the worst for its future. However we are delighted to have brokered a deal with one of the countrys finest family brewers which means the venue is in safe hands and will continue to trade and be a part of the capitals pub scene for some time to come. Interest in substantial freehouses in the capital remains strong across both the corporate and private sector with demand vastly outstripping supply.
Commenting on the purchase, Patrick Dardis, Youngs Retail Director, said: Youngs has a strong track record of investing significantly in pubs that are at the very heart of the communities in which they operate and we are very excited about the potential for the Bull and Gate. We intend to retain all of its original features and return the pub back to its Victorian heritage and look forward to welcoming customers through the doors in a few months time.
Margaret and Pat Lynskey, said: The Bull and Gate has been at the forefront of North Londons live music scene for the past 30 years but, given the wider economic downturn, it was always going to be difficult to find someone who wanted to keep the pub running as a standalone music venue. However, we were very keen to sell to someone who would keep the Bull and Gate as a pub and not turn it into flats or a corporate coffee shop so we are delighted to have reached an agreement with Youngs who are well known for retaining an authentic, individual feel in the pubs that they operate.
The venue will close in May for a period of refurbishment before opening again in the summer.