Four freehold pubs sold at Allsop auction

- Last updated on GMT

Related tags: Guide price, Property law, London

Four out of five freehold pubs were sold at a property auction held by Allsop in London last week, with sale guide prices ranging from £325,000 to £1.5m.

The Prince of Wales in Putney, London, sold for the highest sum of £1.52m. The pub had a guide price of £1.4m to £1.5m. The property is let to Punch Partnerships for 34 years from 20 April 1995 at a current rent of £105,000pa. The site has been sub-let to gastropub operator Food & Fuel.

The Dysart, in Richmond, London, sold for £1.5m, off a guide price of £850,000 to £900,000. It is let to private company Reylink for 35 years from 22 August 1991 at a current rent of £56,500pa.

Pratts & Payne in Streatham, London, sold for £1.46m, off a guide price of £1.2m to £1.3m. It is let to Mitchells & Butlers on a lease that expires in 2032 with a current rent of £103,100pa.

The Prophecy Club in Wimbledon, London, sold for £1.06m, off a guide price of £1m to £1.1m. It is let to private company Raw Scott for a term of 20 years from 1 June 2009 at a current rent of £79,758.43pa.

A Walkabout Bar in Burnley, Lancashire, is still available for £375,000. The property had a guide price of £325,000 to £375,000 and is let to Intertain on a lease that expires in 2037, with a current rent of £41,000pa.

The property is on sale on the instructions of J Pitt & B Moon acting as joint fixed charge receivers.

Related topics: Property law, Freehouse Business Club

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