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

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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”.

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

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.

Alexander Abramov and Alexander Frolov, joint heads of Russia’s largest steel producer Evraz, lent money to the pub in 2013, after it was bought by an offshore Jersey-based company in 2010.

The men have an estimated wealth in excess of $6 billion, according to the Forbes Rich List.

Campaign group Transparency International (TI) made the breakthrough after an investigation by Ham&High.

Ben Walters, of campaign group the Black Cap Foundation, said in March: “Knowing the details of deals like this exposes the colossal gulf between the people who love and use our historic community spaces and the wealthy people who decide their fate.

“That’s why we desperately need more protection for pubs, queer venues and all spaces that care about people, community and culture.”

In March 2013 and March 2015 planning applications by the pub company Faucet Inn Ltd to turn the upstairs floors of into flats were refused following opposition.

Faucent Inn Ltd also attempted to buy out London’s oldest LGBT venue, the Royal Vauxhall Tavern, but came up against opposition from locals and Lambeth Council.

The Black Cap pub was built in 1889, and was one of London’s oldest continually operating LGBT venues, after it became popular with gay men in the 1960s.

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

The Black Cap in Camden previously had its Asset of Community Value status upheld at appeal.

The pub closed its doors in April 2015after a battle over a proposed redevelopment which lasted several months.

It was going to be turned into a cafe called Hollenbecks by Ruth and Robinson, but they pulled out of the project after signing a 25-year lease at the site.

Cafe chain the Breakfast Club also pulled out of redeveloping the venue into a site of one of its cafes.