The London Tavern in Margate is back on the property market again despite only reopening nine months ago,
The property in Addington Street is listed by David Coffer Lyons for the freehold sale. Although not shown on the London sales and lettings firm’s website, the asking price is in the region of £650,000.
The tavern was the latest addition to Emma Piggott and Jonathan Mercer’s small pub group, Tiny Dancer, when it reopened at the end of January this year.
The pair were already at the helm of The Plough in Homerton and The Prince Arthur in London Fields.
As well as the pub the duo wanted to offer The Tiny Deli, serving morning coffee and pastries, locally made cheeses, charcuterie, and snacks with the focus on stocking locally made from traditional Kent-based small businesses.
The London Tavern was run by Carl and Nancy Hilliard from 2016 when they bought the building and set about transforming it. The couple decided to retire after Nancy suffered ill health and so put the premises on the market.
The Tiny Dancer group bought it for £475,000 last December.
The pub first made an appearance on maps in 1821 as The London Hotel.
Not surprised, as they get much of their custom from people going to the now closed Theatre Royal.
yep – if i had that kind of money thats the last thing i would buy , or any other public house for that matter
Unlike Carl and Nancy, they charged almost London prices for their drinks.
The atmosphere of the old pub had gone and on the two occasions that we went, there was almost no choice of draught beer avasble and few customers.
I can’t see them achieving the guide price for the pub which is almost £200k more than they paid for it, which was less than Carl and Nsncy had hoped for.
It a prime development site, probably that’s why the price is hiked.
It is quite common for people to buy pubs, run them poorly, declare them unviable, and then sell them on for housing. NOT that I’m saying this has happened here.
In years to come children will be asking “what’s a pub ” ?
dart matches, crib boards etc are now history
Now you get a menu served with your “pint”
I guess micropubs sort of keep up this tradition, but I do miss the kinda pubs I visited in my youth: pork pies, jukeboxes, pool tables and strippers.