The Antelope, 76 Mitcham Road, London, SW17 9NG
Offers in Excess of
£3,450,000
£279.47 per sq ft
Business rates & charges may apply
- SIZE AVAILABLE
12,345 sq ft
1,147 sq m
- SECTOR
Commercial property for sale
Key features
- Freehold public house investment
- Prime location in the heart of Tooting close to the Underground Station, McDonald’s and Boots
- Substantial property over basement, ground and three upper floor levels extending to approximately 1,146.9 sq m / 12,345 sq ft
- Let to the award winning pub group Urban Pubs & Bars who currently operate 54 venues across Greater London
- Current rent £211,538 per annum
- Five yearly RPI linked reviews subject to a collar of 2% and cap of 4% with the next rent review due on 17th May 2029. From 1st January 2030 the review index will be CPIH +1%
- Lease expiry in May 2044
- We are seeking offers in excess of £3,450,000 reflecting a net initial yield of 5.75% and a capital value per square foot of £279
- Business unaffected by sale
Description
Description
The Antelope occupies a highly prominent corner position and is arranged over ground, basement and three upper floor levels. The property is of brick construction under a mix of pitched and flat roofs.
Location
Located in the vibrant and diverse south London district of Tooting, just south of Balham and north of Streatham, an area known for its bustling high street.
The Antelope pub occupies a prominent position on Upper Tooting Road (A24) at its junction with Bickley Street, close to the heart of Tooting Broadway and its lively market. Occupiers nearby include Boot’s, Buzz Bingo, McDonald’s, Popeye’s and Sainsbury’s.
Tooting Broadway Underground Station is within a 5-minute walk of the property, offering direct connections to both the City and West End of Central London via the Northern Line.
Tenure and Tenancy
The property is held freehold (Title Number LN104946).
The property is let to Urban Pubs & Bars London Limited (Company Number 08774738) on a 25-year lease expiring on 16th May 2044 at a current rent of £211,538 per annum. Within the lease the tenant has the right to renew for an additional 25-year term provided that notice is served within the final year of the lease but no later than 6 months from expiry. The rent is subject to five yearly upwards only reviews in line with RPI subject to a collar of 2% per annum and a cap of 4% per annum however, from 1st January 2030 the review index will be CPIH +1%. The next rent review is due on 17th May 2029, but, please note that from 2039 the rent is subject to annual rolling rent reviews until expiry.
Planning
Our initial enquiries of the local authority have revealed that the property is not listed or situated within a conservation area.
Covenant
The property is let to the award winning pub group Urban Pubs & Bars, one of the largest privately owned pub, bar and restaurant operators in London with 54 venues which are all located across Greater London. The group were founded in 2014 by leading sector operators Nick Pring and Malcolm Heap and grew quickly before receiving significant investment from Davidson Kempner and Global Mutual in August 2021. This transaction has provided the group with additional capital to develop and invest in the existing business alongside further acquisitions including 13 pubs from London operator Bar Works in 2021, 3 sites from InBev in 2022 and more recently 11 former Antic pubs, which included the Clapton Hart, in August 2024. The company were named Best Pub/Bar Company and the MCA Hospitality Awards in March 2025. The tenant company Urban Pubs & Bars London Limited (Company Number 08774738) has published the following financial information.
Year 52 weeks to 30 April 2023 52 weeks to 28 April 2024
Turnover £52,155,550 £60,532,709
Operating Profit (£000’s) £1,246,116 £1,460,918
Net Assets £21,202,756 £22,363,674
Given the continued growth of the company revenue is expected to have increased when their next accounts are published. Since acquiring The Clapton Hart the company have invested heavily in the refurbishment of the premises which are now fitted to a very high standard.
VAT
It is envisaged that the property will be sold as a TOGC so the transaction should therefore be exempt from VAT on the basis that the purchasing entity is VAT registered.
EPC
D-83
Terms
We are instructed to invite offers in excess of £3,450,000 (5.75% NIY) assuming usual purchaser’s costs. A sale at this level would reflect a capital value of £279 per square foot.
The business will continue to trade unaffected from the premises during the marketing of the property and post completion of the sale.
Money Laundering
Money Laundering Regulations require Savills to conduct mandatory checks on all purchasers. Prospective purchasers will need to provide proof of identity and residence.
Viewings
All viewings must be made by prior appointment and under no circumstances should any direct approach be made to any of the occupational staff.
For further information and all viewing requests please contact the sole selling agents Savills.
The Antelope occupies a highly prominent corner position and is arranged over ground, basement and three upper floor levels. The property is of brick construction under a mix of pitched and flat roofs.
Location
Located in the vibrant and diverse south London district of Tooting, just south of Balham and north of Streatham, an area known for its bustling high street.
The Antelope pub occupies a prominent position on Upper Tooting Road (A24) at its junction with Bickley Street, close to the heart of Tooting Broadway and its lively market. Occupiers nearby include Boot’s, Buzz Bingo, McDonald’s, Popeye’s and Sainsbury’s.
Tooting Broadway Underground Station is within a 5-minute walk of the property, offering direct connections to both the City and West End of Central London via the Northern Line.
Tenure and Tenancy
The property is held freehold (Title Number LN104946).
The property is let to Urban Pubs & Bars London Limited (Company Number 08774738) on a 25-year lease expiring on 16th May 2044 at a current rent of £211,538 per annum. Within the lease the tenant has the right to renew for an additional 25-year term provided that notice is served within the final year of the lease but no later than 6 months from expiry. The rent is subject to five yearly upwards only reviews in line with RPI subject to a collar of 2% per annum and a cap of 4% per annum however, from 1st January 2030 the review index will be CPIH +1%. The next rent review is due on 17th May 2029, but, please note that from 2039 the rent is subject to annual rolling rent reviews until expiry.
Planning
Our initial enquiries of the local authority have revealed that the property is not listed or situated within a conservation area.
Covenant
The property is let to the award winning pub group Urban Pubs & Bars, one of the largest privately owned pub, bar and restaurant operators in London with 54 venues which are all located across Greater London. The group were founded in 2014 by leading sector operators Nick Pring and Malcolm Heap and grew quickly before receiving significant investment from Davidson Kempner and Global Mutual in August 2021. This transaction has provided the group with additional capital to develop and invest in the existing business alongside further acquisitions including 13 pubs from London operator Bar Works in 2021, 3 sites from InBev in 2022 and more recently 11 former Antic pubs, which included the Clapton Hart, in August 2024. The company were named Best Pub/Bar Company and the MCA Hospitality Awards in March 2025. The tenant company Urban Pubs & Bars London Limited (Company Number 08774738) has published the following financial information.
Year 52 weeks to 30 April 2023 52 weeks to 28 April 2024
Turnover £52,155,550 £60,532,709
Operating Profit (£000’s) £1,246,116 £1,460,918
Net Assets £21,202,756 £22,363,674
Given the continued growth of the company revenue is expected to have increased when their next accounts are published. Since acquiring The Clapton Hart the company have invested heavily in the refurbishment of the premises which are now fitted to a very high standard.
VAT
It is envisaged that the property will be sold as a TOGC so the transaction should therefore be exempt from VAT on the basis that the purchasing entity is VAT registered.
EPC
D-83
Terms
We are instructed to invite offers in excess of £3,450,000 (5.75% NIY) assuming usual purchaser’s costs. A sale at this level would reflect a capital value of £279 per square foot.
The business will continue to trade unaffected from the premises during the marketing of the property and post completion of the sale.
Money Laundering
Money Laundering Regulations require Savills to conduct mandatory checks on all purchasers. Prospective purchasers will need to provide proof of identity and residence.
Viewings
All viewings must be made by prior appointment and under no circumstances should any direct approach be made to any of the occupational staff.
For further information and all viewing requests please contact the sole selling agents Savills.
Brochures
The Antelope, 76 Mitcham Road, London, SW17 9NG
NEAREST STATIONS
Distances are straight line measurements from the centre of the postcode- Tooting Broadway Station0.1 miles
- Tooting Station0.5 miles
- Tooting Bec Station0.7 miles
Notes
These notes are private, only you can see them.
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