Clapham venue makes common sense option

If you're looking to snap up some Clapham real estate then cast your eyes over this refined four-storey property brimming over with residential development potential.

The south London patch surrounding St John's Hill, and the Clapham area in general, is renowned for being home to some truly top-notch bars, restaurants and nightclubs, the playground for the loaded Londoners who live nearby, and for those looking for a night out with a touch of class.

Bar One Two Six fits right in, attracting an affluent clientele, drawn from working professionals and local residents from the Clapham area, who enjoy the sporting atmosphere that abounds following the refurbishment by the venue's current owner.

The bar occupies an attractive end-of-terrace plot with a prominent corner site, and comprises a ground-floor bar operation, first-floor function room, two double bedrooms as owner's accommodation as well as a one-bedroom, self-contained studio facility which is part of the converted coach house.

Commenting on the price of the property, Chris Bickle of Christie & Co said: 'This is a good example of the premium required for freehold licensed premises in the more central areas of London, where there is an angle to make a profit by developing the existing residential floors.

'The business has excellent potential for a new owner to further develop the trade.'

Once planning consent has been granted to allow a change of use, the new owner could take advantage of the real estate value of the property by looking into residential or mixed-use options.

The property has an asking price of £1.5m for the freehold