Fifty Five Bar, the North London-based cocktail bar operator, has secured its second site in Clapham High Street.
The operator has taken a lease on the current Royal Oak pub. DCL sold the leasehold.
Following a refurbishment, the bar will open throughout the day offering a brunch menu, coffees and roasts on Sundays and will open until 2.30am every night.
Stuart Powick, owner and managing director of Fifty Five, said: “Fifty Five is an unpretentious cocktail bar, which serves the best cocktails in Camden to a killer soundtrack. We are going to bring these principles to The Royal Oak but with twist. Not only will we serve up the best party at night, we will also provide the comfort and homeliness of your favourite local pub throughout the day. We are thrilled to have opened our second venue and joined the Clapham neighbourhood.”
Chris Bickle, associate director at DCL, said: “Clapham High Street is currently one of London’s most sought after leisure locations outside Zone 1, benefiting from a healthy mix of food and beverage operators, diverse demographics and good transport links as well as various late night venues to satisfy the areas many partygoers.
“The interest in The Royal Oak reflected the demand, attracting multiple bids - all from experienced operators - and was eventually sold in excess of the guide price.”
Fifty Five Bar already operates an existing free of tie bar in Camden purchased through DCL in 2006.
