Man walks into pub, pays £27m

black lion pub A pub in west London has sold for £27 million.

It's a record-breaking amount for the 300-year-old Black Lion alehouse on Bayswater Road, in the fancy dan area of Kensington and Chelsea.

The buyer, who is registered in Jersey as a developer, is apparently expecting to invest £500 million into transforming the boozer into luxury flats. Argh!

It is as yet unknown why they're spending £500 million on it, unless they're rebuilding it with diamonds.

The pub will be still a going concern for a bit - it made £700,000 last year - before another piece of London gets destroyed by some breadhead.

The former coaching inn was first listed as an alehouse in 1704, and almost 100 years later was used as the registration house for the Paddington Volunteers, who formed to fight off Napoleon’s suspected invasion.

However 3185 pubs have closed in London in the last few years, to the extent  that Westminster council is thinking about implementing a 12 month protection policy after pubs are no more, to protect them from being converted into overpriced accommodation or shops.

We're all doomed. Doomed to be sober.

1 comment

  • Mr M.
    The £500 million is earmarked to regenerate the Queensway area, not the pub....

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