The Prince of Wales in Drury Lane is up For Sale. Any Takers?

from FYUZN Delightful Gastronomics V.2.1 January 2023

Selena, Perfectly Imperfect

Yes, you read it right. The 170-year-old Covent Garden pub is on the market with a £10 million price tag.

The freehold of The Prince of Wales, in Drury Lane, has an asking price of £9.75 million. The property is currently let to Spirit Pub Company, a subsidiary of Greene King, on a 30-year lease until June 2034.

Located in the heart of London's West End, Covent Garden is renowned as the center of the capital's tourism and entertainment scene, attracting more than 44 million visitors annually. The district is famous for its culture, with over twenty thriving theatres, including the Royal Opera House and Theatre Drury Lane, and numerous museums like the London Transport Museum.

The Prince of Wales occupies a prominent corner position at the intersection between Drury Lane and Great Queen Street with occupiers nearby, including the De Vere Grand Connaught Hotel, The Gillian Lynne Theatre, ITSU, Barrafina, and the Freemason's Hall. The property is a short distance from many restaurants, bars, fashion retailers, and Theatres that comprise Covent Garden.

The property is on Drury Lane, a short distance from Covent Garden Underground Station, in the heart of Theatreland. It is ideally positioned to benefit from the many visitors generated by the diverse entertainment offering.

The Prince of Wales is surrounded by the popular tourist destinations of Oxford Street and The British Museum to the north, Covent Garden and The Strand to the south, and Leicester Square, Seven Dials, and Piccadilly the west, each with their diverse entertainment and retail offering.

It has four floors, with the ground floor and first floor seating 143 customers.

There is space for a further 16 customers to be seated outside, and four double bedrooms on the top floor are accommodation for management and staff.

A fully-fitted trade kitchen is to be found on the second floor, along with a dumb waiter to serve visitors in the pub below efficiently.

The property has a cellar with some storage, and there are ladies and gentlemen's toilets on the ground and first floors and a disabled facility on the ground floor.

The Prince of Wales is not a listed premise. Still, it is located within the Covent Garden Conservation Area, which may affect any applications for planning permission submitted by a potential buyer.

The pub is in the heart of theatreland with the Theatre Royal, Shaftesbury Theatre, Cambridge Theatre, St Martin's Theatre, and Ambassadors Theatre within a few minutes walk of the Prince of Wales.

The Royal Opera House, Covent Garden Market, and London Transport Museum are all a moment's stroll from the premises, with the British Museum nearby.

The Prince of Wales is served by London Underground stations of Covent Garden, Holborn, Tottenham Court Road, and Leicester Square, with many central London buses passing through the area.