19/06/2014 by Buildington
The 300-year-old former coaching inn has sold for £27 million, reports Evening Standard.
The extraordinary price for the Black Lion in Bayswater was revealed in a Stock Exchange announcement by pub group Spirit. The buyer is a new Jersey-registered developer called 123 Bayswater Road Ltd, which is expected to turn the building into luxury flats. The Black Lion is close to Queensway, earmarked for a £500 million revamp.
Source: Evening Standard, 18. June 2014 www.standard.co.uk