LONDON, December 20, 2013 – Colliers International has completed the sale of Chelsea’s oldest pub, the Cross Keys, on behalf of the private owner to Parsons Green Land for £3.9m.
The Cross Keys pub opened in 1708 and previous patrons include Bob Marley, Agatha Christie and Dylan Thomas. In recent years the upstairs function room has hosted the engagement parties of the Duchess of Cambridge’s set and fundraisers for the Guardsmen of the Household Division.
Alex Hill, Associate Director at Colliers International who handled the sale, said, “The Cross Keys has been a valued community asset for more than 300 years. There were many fears by neighbouring residents that it would not resume trading after it closed last year and the property was put up for sale for redevelopment on an unconditional basis. However, the new owners have plans to completely refurbish and reinstate it as a public house, in addition to conversion of the upper floors for residential use.”
The pub made headlines last year after 17 squatters took occupation at the property and were exempt from eviction by a new law protecting squatters within commercial buildings.