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Blackfriars Mooring, Kings Reach, Victoria Embankment, London, EC4Y 0HJ

Offers in Excess of
£1,750,000

Business rates & charges may apply

Christie & Co, Retail
SIZE

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SECTOR

Hospitality facility for sale

Key features

  • Exciting central London Opportunity
  • Well placed on Embankment Nr Temple
  • Former home to HMS President
  • Next to new waterside development
  • Potential to develop a unique London venue
  • Annual licence held in perpetuity
  • Christie & Co Ref: 4290037

Description

Description

The site currently provides access on the Embankment with waterfront mooring equipment. The permissions are for the permanent mooring of a vessel and the construction of a floating pontoon of up to 80 metres in length.

Formally home to HMS President, which was a well-known floating events venue and landmark on this section of the Thames, the vessel had a capacity of 350 and provided both restaurant and bar with function areas. The vessel was 262 feet in length and had a displacement of 1,290 tons.

The location is being further enhanced through the development of a new foreshore area as a result of the London Thames Tideway Tunnel development. This will create a terrace with café and seating on the Thames next to the mooring. This is nearing completion and so the mooring will become available to use again by mid-2025.

Location

The mooring is located to the west of Blackfriars Bridge on the north bank of the Thames along Victoria Embankment. The Blackfriars area has improved considerably in the last 15 years since the upgrading and development of Blackfriars Station which has drawn many offices and businesses to this location, now known as “Mid Town”. It is also opposite Temple, the renowned legal district, and a short walk from St Pauls and Covent Garden.

The location is highly visible, with good access from both road and rail so able to attract trade throughout the day.

The Opportunity

The world-famous River Thames runs through the heart of London and is a focal point for much of London’s commerce, history and tourism. This rare opportunity to acquire a sought-after mooring and licence on the Embankment will allow the new owners the chance to develop an exciting venue on the river, well placed between Tower Bridge and Westminster, with access to the City and West End.

Development Potential

The Port of London Authority (PLA) have suggested a new vessel should be based on a size of 80 metres in length, approximately10 meters wide and with a draft of 3.5 meters. Ideally the vessel should have some public access. The new vessel will also need planning permission from the City of London.

Other proposals may be considered, dependant on the use and impact on the area.

Tenure

The mooring is held by way of an Annual PLA River Works Licence agreement from the Port of London Authority and is held in perpetuity, subject to certain provisions. The current agreement commenced in December 2018 and was renewed in July 2020. The licence has an annual fee which is based on usage and other comparable ships moored on the river. The fee has been between £35,000 and £40,000 when the HMS President was moored here.

Whilst the licence is non-assignable it can be transferred where upon the PLA will issue a new licence. The sale will be transacted through the sale of the current company which holds the agreement.

Business Rates

The previous rateable value was £110,000. Any new use or vessel would need to be re-assessed. The local authority is City of London.

Services - The mooring has access to three phase electricity, water and sewerage.

Regulatory

In the past the HMS President held a premises licence allowing trade 7 days a week and until 2pm on certain nights. New owners will need to re-apply for a premises licence with the local authority.

Energy Performance Certificates

EPC 1

Brochures

Blackfriars Mooring, Kings Reach, Victoria Embankment, London, EC4Y 0HJ

NEAREST STATIONS

Distances are straight line measurements from the centre of the postcode
  • Blackfriars Station0.2 miles
  • City Thameslink Station0.3 miles
  • City Thameslink Station0.3 miles

About Christie & Co, Retail

Whitefriars House, 6 Carmelite Street, London, EC4Y 0BS

We’re the leading specialist advisor for buying and selling businesses in our sectors - hotels, pubs, restaurants, childcare, healthcare, convenience retail, leisure and medical.

If you’re looking to buy or sell a business in our specialist sectors – from a pharmacy in Sussex to a hotel in Austria – our expert advice and collaborative support will help you achieve your goals. You may be an independent first-time buyer or a multinational adding to your portfolio; either way, you’ll discover that our personalised service is focused on helping you achieve your ambitions.

Clients have access to our carefully managed network of potential buyers. This unique database of contacts has been continually developed by our advanced IT capabilities and benefits from both our years of experience developing our network and our wide geographical coverage.

Where we work

We employ the largest team of sector specialists in the UK and the largest group of hotel specialists in Europe, providing professional brokerage and advisory services from offices in major cities across Britain and Europe. And because we’ve been doing this for over 80 years, we know our sectors and local markets inside out. We work closely with our clients to guide and conclude transactions of any size, covering hotels, restaurants and pubs, leisure, forecourts and convenience retail businesses, social care and elderly care, childcare & education facilities, dental practices and pharmacies.

Our professional services

We offer unrivalled insight, experience and expertise across your choice of services, including brokerage, consultancy, finance, development, investment, surveying, rent reviews, dispute resolution, corporate valuation, and turnaround & recovery. These services are all underpinned by our in-depth market intelligence and leading-edge technology. And we’re accredited by the Royal Institution of Chartered Surveyors (RICS), so you can trust in our professionalism.

What makes us tick

Businesses are about people, so relationships matter to us. We bring an integrity and transparency to business which can be all too rare – and that’s why people trust us. Our clients will attest to our genuine desire to help achieve their objectives, our attention to detail, and our tireless hard work on their behalf. We understand that buying a business can bring its own pressures and strains; needs can change, plans may need to be adjusted, and opportunities can come and go. But we’re always here, a constant, flexible and reliable force you can count on.

Our opening hours for all offices:

Mon – Fri, 9am – 5.30pm

Notes

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Disclaimer - Property reference 4290037-lh. The information displayed about this property comprises a property advertisement. Rightmove.co.uk makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and Rightmove has no control over the content. This property advertisement does not constitute property particulars. The information is provided and maintained by Christie & Co, Retail. Please contact the selling agent or developer directly to obtain any information which may be available under the terms of The Energy Performance of Buildings (Certificates and Inspections) (England and Wales) Regulations 2007 or the Home Report if in relation to a residential property in Scotland.

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