New site for owners of London’s Yager and Gilt bars


Yager Bar LondonThe team behind two late-night bars in the City of London have taken on the site of a former pub in Farringdon that has a licence to 3am.

After the success of Yager Bar (pictured) near St Paul’s and Gilt Bar next to Fenchurch Street station, operator Establishment HM has bought the closed-down premises of The Plum Tree.

It was sold for a substantial premium by leisure property specialist Davis Coffer Lyons on behalf of Baragain. Establishment HM bought a 25-year free-of-tie lease with 17 years unexpired.

Charlotte Wild of Davis Coffer Lyons’ pubs and bars division said: “We have said for some time that the London market has been extremely buoyant and this deal highlights how strong it really is.

“It is traditionally incredibly difficult to find buyers for vacant pubs and bars. However, The Plum Tree shows this is – in certain areas – no longer the case, and even though it has been closed for some time we still managed to achieve a great premium.”

It is in an area surrounded by developments under construction, including the new Farringdon Crossrail station and the European headquarters of Goldman Sachs.

The Grade II listed building has an open-plan bar and separate function room on the ground floor with a further bar in the basement, fully fitted kitchen and customer toilets. It benefits from a 3am licence Monday to Saturday and a midnight licence on a Sunday.


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