S&NPE selling landmark London pub

By Gemma McKenna

- Last updated on GMT

Related tags: Newcastle pub enterprises, Storey, Floor

S&NPE: selling pub
S&NPE: selling pub
Scottish & Newcastle Pub Enterprises is selling the freehold of landmark Thames-side pub the Star & Garter for an asking price of £4m. The...

Scottish & Newcastle Pub Enterprises is selling the freehold of landmark Thames-side pub the Star & Garter for an asking price of £4m.

The Putney pub, which takes centre stage in TV coverage for the Oxford & Cambridge boat race watched by 120 million people around the world, is leased to Glendola Leisure until 2026. It produces an annual rental income of £97,000. The tenant is also tied to buy beer and cider from the freeholder's nominated supplier.

The sale is being handled by AG&G, and director David Gooderham expects to attract substantial offers. The building has five floors, a roof terrace, a ballroom, more than a dozen bedrooms and ground floor and basement bar areas. It is not listed but is in a conservation area.

Gooderham said: "The place has a great Thames history. It was originally built as an hotel in the mid-19th century specifically for the boating and sailing community and even had a boathouse at basement level.

"It's magnificent and massive, at more than 16,400 square feet — and one of the best locations for watching one of the world's great sporting events."

Related topics: Property law, Legislation, Other operators

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