Located in leafy St. Johns Wood, the New Inn commands a prominent corner position on the corner of Allitsen Road and Townshend Road, a popular residential suburb free from the usual hustle and bustle of the city. Whilst it retains a secluded and tranquil atmosphere, St. Johns Wood boasts a vibrant high street, home to a variety of restaurants, artisan cafes and trendy boutique retailers.
St. Johns Wood offers great transport links to Central London and the M4, with London Underground services on the Jubilee Line a mere 5 minute walk from the New Inn. Due to its strong transport links to the city, the area is a highly desirable residential district.
The area is best known for Lord's Cricket Ground, home of Marylebone Cricket Club and Middlesex CCC, and is a regular international test cricket venue. It also includes Abbey Road Studios, well known through its association with the Beatles. The New Inn is also a short walk from ZSL London Zoo and Regent's Park, one of the Capital's top attractions.
This grand Victorian property benefits from and open plan bar and restaurant with seating for 50, pavement seating for 24 and six superbly appointed hotel rooms, which should be seen to be appreciated.
The New Inn operates as a popular gastropub and boutique hotel, catering for the needs of the wealthy local residents as well as those attending events at Lord's Cricket Ground. Although currently run under a management agreement it offers a great opportunity for a hands-on owner or managed house operation that can continue to drive the business forward with an increased marketing budget, taking it to the next level. Alternatively, the property is a prime purchase for an investor who is looking to create a lease agreement on the premises, with an annual rent of up to £250,000.
The freehold interest of the New Inn is available off an asking price of £5,500,000.
For further information about this pub for sale, other investments for sale or how to buy a business please call Sidney Phillips on 01982 725900, or email southeast@sidneyphillips.co.uk.
(November 2022)