Putney Heath Pub Put Up For Sale

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The Telegraph is on the market for £5 million

The Telegraph pub, Putney Heath. Picture: Google Streetview

The Telegraph pub on Putney Heath has been put up for sale for £5,000,000. It has remained vacant since last New Year's Eve when it closed unexpectedly due to the breakdown in negotiations between the landlord and the tenant about a rent renewal.

According to the previous tenant Peter Linacre, the landlord wanted to increase the annual rent from £243,000 to £275,000 so he handed back the keys saying that current market conditions made that unviable.

Now the landlord is offering a a new free of tie lease for 25 years at an annual rent of £200,000 as an alternative to a sale. The site comprises 7,800 sq ft over ground and first floors and includes owners/staff accommodation and a large beer garden.

Paul Tallentyre, Executive Director, Pubs and Bars, at the agents Davis Coffer Lyons, who is marketing the pub said, 'The Telegraph public house is an iconic site that requires a makeover. There is an opportunity to create hotel rooms or increase the trading area. There is also potential for residential development subject to planning permission. Freeholds like this very rarely become available.'

The Telegraph, which closed with no notice on New Years Eve last year, was named after Admiralty Telegraph, a shutter station which stood at the site in 1796 to convey messages between London and Portsmouth at the time of the Napoleonic Wars.

April 12, 2019