Investment Disposal of the Royal Vauxhall Tavern

Investment Disposal of the Royal Vauxhall Tavern

May 24, 2024

Coffer Corporate Leisure has advised RVT Enterprises UK Ltd on the disposal of the freehold investment of legendary entertainment venue, Royal Vauxhall Tavern for £2.2 million.

The venue is let on a long-term internal repairing and insuring lease to Vauxhall Tavern London Ltd, who have operated the venue successfully for many years.

The iconic venue dates back to 1860 and has hosted many acts including The Three Degrees, Gabrielle, Kim Wilde and Belinda Carlisle.

The purchaser, a private buyer, acquired the property for long term income. They were advised by Michael Penfold of AG&G.

Mark Sheehan, Managing Director of Coffer Corporate Leisure, commented “This is a renowned business that is not only revered but also run very well. We placed this freehold investment on the market in March and were very pleased to agree terms quickly with a strong purchaser. The market is not easy, but we have several good buyers for a range of investments across the leisure sector with strong fundamentals.

The purchase price reflected a Net Initial Yield of 6.32%.