Owners say London’s Black Cap pub will take £1 million to restore

Owners have said that investors have an opportunity to restore the LGBT+ pub the Black Cap to its former glory.

The opportunity to restore Camden’s Black Cap pub, which owners say will cost £1 million, is being marketed as a chance to recreate its “role as a premier LGBTQ+ cabaret and public house entertainment venue.”

This is the first time since the bar closed in April 2015 that the venue has been marketed as a chance to reopen it as an LGBT+ venue.

Owners offered the Black Cap as “a premier LGBTQ+ cabaret and public house entertainment venue”.

The owner, Kicking Horse Ltd, had previously sought to sell the venue as an opportunity to develop it into a restaurant.

It is estimated that the yearly rent is £300,000 and that it would cost at least £900,000 to get the venue back to code after nearly three years of closure.

Protesters earlier this year took to London’s Black Cap LGBT+ venue two years after its closure.

Those in support of the venue re-opening as an LGBT+ venue will take to the Camden street to sing songs and demonstrate against the closure of such venues.

The demonstration will take place on Saturday.

Speaking to the Ham High, organisers said: “We want it back, the LGBTQ+ community want it back, Camden, London and many people from around the world want it back.”

A member of ‘#WeAreBlackCap’, Alex Green, told the paper that the group wants “less flats more heels”.

He refers to planning applications to turn the venue into flats which were rejected twice, once in 2013 and once in 2015.

He continued: “Camden’s whole economy is built on its cultural and entertainment diversity and local people, and others from far and wide who come each year in their millions, demand that this to continues”.

Thousands have signed a petition, including Stephen Fry, London Mayor Sadiq Khan and Paul O’Grady, to have the venue re-opened.

Saturday’s demonstration will begin at 1.30pm, and songs will be sung at 2pm and 3pm, and speeches in between at 2.30pm.

The Black Cap closed in 2015 after a battle between developers, the council and campaigners.

Earlier this year it was revealed that an offshore company ultimately owned by two Russian billionaire steel magnates had invested in the pub.