Thursday, 23 July 2009

Pub buildings and land for sale

It is not just pub buildings that landlords are selling off - one Norwich pub has been forced to sell its garden in order to raise much-needed cash.

The West End Retreat on Brown Street wants to raise £135,000 from the sale of the land next to it, which includes a large garden.Planning permission has already been granted for the construction of four two-bedroomed flats on the 2,700sq ft site.

Mark Greig, managing director of Paramount Investments, the agent handling the sale, said: “It's important that the pub can continue to invest in its future, but this can only be done at a price.“A lot of pubs have land around them which are attractive to developers.

Some of these pubs are now considering the sale of this land. It may not be ideal, but in certain circumstances it can guarantee that the pub stays open, at least for the foreseeable future, and that jobs are protected.”

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