The Prince public house in Colliers Wood has been acquired by PPR Estates through DCL – the leisure specialists – from Punch Taverns. The property development and Investment Company purchased the freehold off an asking price of £1m.
The 7,773 sq ft pub includes an open plan bar and central server on the ground floor with customer toilets, kitchen and washroom as well as an additional bar and function room to the rear. Living accommodation is situated on the first floor including six bedrooms living room, kitchen and bathroom. There is also an outside terrace and patio area to the side and rear of the building and it also benefits from a 2:00 am licence on Friday and Saturday nights.
Paul Tallentyre, Director of Pubs & Bars at Davis Coffer Lyons said:
“The Prince’s prominent location and spacious layout – which includes considerable outdoor space which is unusual for Greater London – meant that it was extremely popular with a wide range of buyers looking for change of use for redevelopment. PPR Estates is an exciting new investor/developer in the pubs market and has considerable funding in place. They are extremely active in the market at the moment and we are continuing to work closely with them to find further sites.”