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Whitesmith's Arms, Crosby Row - closed down?

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Thursday 8 August 2013 1.08pm
The following from the agent's website:

'Soaring price for pub in the shadow of the Shard'

'Itís a Georgian building within shouting distance of the monumental Shard and a few minutesí walk from Borough Market and London Bridge station, so itís hardly surprising that there was strong competition for the Whitesmith Arms in SE1 when licensed leisure specialists AG&G marketed the freehold for offers in the region of £650,000.

After a bidding war, it was snapped up for significantly more than the guide price, with exchange taking place within 24 hours of legal documentations being issued.'

ďThe buyer intends to turn it into a residential accommodation, probably a single dwelling, subject to consent, and it will make a fantastic and very substantial home. Thereís even a patio garden for balmy summer evenings,ď
Thursday 8 August 2013 3.36pm
And now back on the market for £1.2 million:
http://www.rightmove.co.uk/property-for-sale/property-40194853.html

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Friday 9 August 2013 1.54pm
One for St Saviours to buy then? My only worry is that if local agents know a local organisation is thinking of having a nice little portfolio of pubs, it might push prices up. That would also price out anyone else who might want to take it on as a pub, if that charity didn't. Fingers crossed. Used to always think it would make a nice boozer, nice little location, alwasy looked tidy on the outside but never went in there
Saturday 10 August 2013 10.07am
inexile wrote:
One for St Saviours to buy then? My only worry is that if local agents know a local organisation is thinking of having a nice little portfolio of pubs, it might push prices up. That would also price out anyone else who might want to take it on as a pub, if that charity didn't. Fingers crossed. Used to always think it would make a nice boozer, nice little location

But it failed as a commercially viable boozer! I assume it was not attractive enough for anyone to risk taking it on as a business. The new asking price is inflated as a result of whoever bought it getting p/p to make it residential.
Tuesday 3 September 2013 5.51pm
Sold again: https://twitter.com/acorncommercial/status/374837404559212544

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Thursday 26 September 2013 9.30pm
Unfortunately the current landlord has little respect for local residents - allowing customers smoking outside to leave the door open while extremely loud music is played inside, often after midnight. It just seems really unconscientious, so I doubt anyone on Crosby Row will be disappointed when the new buyer completes, whether it's going to be residential or continue as a business run by someone more considerate. BTW, this is coming from someone living across from it. Love having pubs in my neighbourhood but this one isn't well run, which probably why it's shutting down.
Saturday 30 May 2015 9.13am
Now £3.1 million:

http://www.rightmove.co.uk/property-for-sale/property-50193013.html

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Friday 20 November 2015 5.34pm
I used to work round here till 2010. I often went to sit in the Whitesmiths because it was a quiet pub. I also quite liked the music they played. I think there's something to be said for quiet pubs. Now I have moved back to this area in 2015, it's hard to find somewhere like that. As prices rise, it is harder for pubs to compete. People are too hasty to make a virtue of market reality. Just because a pub doesn't have many customers, it doesn't mean it is failing. It is only failing when new market forces come to bear upon it. These forces are not absolute. House prices are exceptionally high in London, even on global terms.
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