Gerald Eve appointed to find operator for pub within historic UNESCO World Heritage Site
A new operator is being sought for a renowned Greenwich pub restaurant following the takeover of craft brewer Meantime Brewery Company by SABMiller.
The Old Brewery, located within the grounds of the historic Old Royal Naval College, itself part of the Maritime Greenwich UNESCO World Heritage site, has been operating as a pub restaurant and microbrewery since 2010. As a result of the takeover, and a subsequent strategic shift by Meantime to consolidate its brewing to its main brewery site, the lease on the property has become available.
This unique property is available on a 25-year lease at a low rent equal to 10% of turnover; it is anticipated a significant premium will be paid by the incoming operator to reflect the low-geared rent.
Located on the edge of the Old Royal Naval College estate, adjacent to the West Gate and a short walk from Greenwich town centre, The Old Brewery has been trading well since its establishment in 2010, catering to the nine million people that visit the Maritime Greenwich UNESCO World Heritage Site every year.
Daniel Anning, partner at Gerald Eve, said: “The Old Brewery’s unique position within the grounds of the Old Royal Naval College make this an unrivalled opportunity for an experienced operator. The historic buildings’ location close to Greenwich town centre, and access to nine million visitors per year, mean that we are anticipating significant interest from potential tenants.”