The asking price for the closed down Teddington pub, The Builders Arms, has been dramatically slashed from £1million to £800.000, we can reveal.
The popular pub first went on the market in April this year for £1million but has been closed ever since amid speculation of a local purchase by a consortium of regulars from the pub.
According to the estate agents Fleurets – specialists in pub sales – the two-storey building consists of accommodation, a single bar operation with approximately 60 covers, a games area at the rear, 3 bedrooms, living room, bathroom and separate WC, split level kitchen, basement storage room, beer store, wines and spirits store and a garden area with split-level patio with tables and seating.
The tenure is freehold and any fixtures and fittings which remain on the premises at the time of sale will be included.
The 3,260 square-feet pub continues to have a licence to sell alcohol Monday to Thursday 10am to 11pm and Friday and Saturday 10am until midnight with possible live music, films and indoor sporting events. It has a rateable value of £18,400 (with effect from April 1st 2023)
To those unfamiliar with the location, the estate agent describes the pub as being in a prime residential location in a ‘much sought after’ south west London suburb of Teddington and a short walk from the High Street and the mainline station. Local attractions include the River Thames, Royal Bushy Park and Hampton Court Palace.
According to the estate agents, the London borough of Richmond upon Thames has confirmed the property is not Grade Listed but is locally listed, and is within the Blackmores Grove Conservation Area and there is potential for residential conversion.
A short summary of the potential of the pub on the website says:
- Prime SW London commuter town
- Voted ‘Best place to live in London’ – Sunday Times 2021
- Recent internal refurbishment works completed
- Potential residential conversion (STPP)
- Open plan return bar & external trade garden