Bidding War Expected Over Popular UK Pub
The Clarendon Arms, in Redhall Lane, Chandlers Cross, is going under the hammer on October 18 and auctioneers at Allsop in central London are expecting a £1.3million bidding war.
The pub is a two-floor property with a restaurant, and also has a beer garden and large car park with 53 spaces. The first floor provides staff accommodation of six rooms and two bathrooms, and there is a detatched coach house that provides extra space on two levels.
The pub is currently run by Massive Ltd, who are two years into a 10-year lease and pay £89,042 rent per year, and the change of ownership will not affect the tenants or their lease arrangement.
George Walker, auctioneer at Allsop, said: “Pubs tend to sell quite well. Two people have wanted to buy it already and it’s a good start but I think it will go to auction.
“You never know where people will finish bidding. We’re expecting £1.2million but it could be £1.3million.”
For more information about Allsop and the auction, visit www.allsop.co.uk.
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