A 300-year-old pub in Bayswater has been sold for £27m with plans afoot for turning the site into luxury flats.
According the Standard, The Black Lion has been snapped up by Jersey-registered developer 123 Bayswater Road Ltd. The identity of the buyer is unknown.
The pub, owned by hospitality company Spirit, made a £700,000 profit last year.
According to website closedpubs.co.uk, 3,185 London pubs have shut down in the recent years.