Pubs for sale in Lancashire

TWO local pubs are up for sale and have attracted interest from property developers.

The Hour Glass,Leeds Road, Nelson, and the Snowball Inn, Halifax Road, Brierfield, have recently been put on the market through licensed property agency Paramount Investments.

The Hour Glass is on the market for £285,000, while the Snowball Inn is priced £150,000.

Paramount managing director Mark Greig said he would prefer to see both remain as pubs but added: "With the pub trade in the state it is, pubs are closing and these pubs are attracting interest from developers. It is also possible they may find a new lease of life as alternative retail businesses, which might be the next best alternative."

Pubs for sale in England

Please find below details on 7 new pubs for sale released to us this morning and suitable for investment and redevelopment.

1/ Coopers Arms (Rufios) 55 Bute Street, Luton LU1 2EP - £225,000

2/ Papa J's, 39 Alma Street, Luton, Bedfordshire, LU1 2PL - £200,000 - initialinvestment @ 8.6% yield

3/ Whitmore Hotel, Sadler Road, Coventry, CV6 2LF - £500,000 - development site of1.020 acres

4/ Hare & Greyhound, Durham Road North, Bowburn, Durham DH6 5AB - £150,000

5/ Old Duke Inn. 56 Briercliffe Road, Burnley, BB10 1UX - £150,000

6/ Fox Inn, Rivenhall End, Rivenhall, Witham Essex CM8 3HB - £375,000

7/ Nottingham Arms, Dulwich Rd, Radford, Nottingham NG7 3DL - £175,000

Admiral puts 17 more pubs up for sale

The further tranche of pubs follows a list of 21 released to market by Admiral on 7 May.

The pubs are primarily located in towns and villages across the North West of England.

They include The Bridge Inn, St Helens Road, Leigh; The Brookside, Duckworth Street, Darwen, Lancashire; The Hour Glass in Leeds Road, Nelson, Lancashire and The Snowball in Halifax Road, also in Nelson, Lancashire.

Some of the pubs will be sold as pubs but others are "ripe for development" as retail outlets or accommodation, according to Paramount managing director Mark Greig.

“We hope that most of them will remain as pubs, but this cannot always be guaranteed,” he said.

“A lot of pubs are coming to the market and we are continuing to sell them at a good rate, and achieving the best prices."

Pub for sale in Windsor, Berkshire

Freehold public house investment for sale a stones throw from Windsor's most popular tourist attraction.

Arranged over basement, ground and two upper floors. Ground floor public house with basement cellar and a two bedroom managers flats on the 1st floor. The 2nd floor is currently unused.

The entire property is let to Chef and Brewer Group Ltd - Guaranteed By Scottish and Newcastle PLC for a term commencing on 20th April 1995 and expiring on 23rd June 2022.

Current passing rent of £60,500 per annum.

The terms are FRI and reviews were 5 yearly from June, 2003.

Offers invited IRO £1,000,000 + VAT

UK pubs for for sale

Details below on 17 UK pubs for for sale immediately. All are offered with full vacant possession accept number 14 (as detailed). Some outstanding residential and mixed use development opportunities are included on substantial site areas. Others are on good retail pitches and are suitable for investment or owner occupation.

1/ Bangladesh Spice (Detroits Motown & Soul Bar), 44 Barrow Street, St. Helens Lancashire WA10 1RY - £225,000 (Long Leasehold until 2876 @ £35 pa)
2/ Bar Cairo, 58 Duke Street, Barrow in Furness, Cumbria LA14 1RX FREEHOLD -£250,00
3/ Bradford Arms, 461 Mill Street, Manchester, Greater Manchester M11 1AD FREEHOLD -£250,000
4/ Bridge Inn, 5-7 St. Helens Road, Leigh, Greater Manchester WN7 4HA FREEHOLD - £125,000
5/ Broadstone, Two Gates, Tanhouse Lane, Halesowen, West Midlands B63 2JR - £125,000 (Long Leasehold 99 years from 1972 at a current rent of £3,000pa)
6/ Brookside, Duckworth St, Darwen, Lancashire Lancashire BB3 1AT FREEHOLD £125,000
7/ Hour Glass, Leeds Road, Nelson, Lancashire BB9 8ER FREEHOLD £285,000
8/ Lucys Part 2, 2 Abingdon Street, Blackpool Lancashire FY1 1DR FREEHOLD £175,000
9/ Middle Pocket, Ringwood Avenue, Middlecroft, Staveley Chesterfield Derbyshire S42 3SB FREEHOLD £175,000
10/ New Cross Keys, Halfpenny Lane, Pontefract, West Yorkshire WF8 4AY FREEHOLD £175,000
11/ New House At Home, 639 Little Horton Lane, Bradford West Yorkshire BD5 9BY FREEHOLD £100,000
12/ Queens Hotel, 323 Bickershaw Lane, Wigan Greater Manchester WN2 5TE FREEHOLD £325,000
13/ Ropewalk, Heneage Road, Grimsby Lincolnshire DN32 9JE FREEHOLD £125,000
14/ Saint Dunstans Inn, Main Road, Langley-in-Sutton. Macclesfield, Cheshire SK11 0BU FREEHOLD - £250,000 (Tenant holding over - passing rent £5902pa - review outstanding)
15/ Snowball Inn, 101 Halifax Rd, Nelson, Lancashire BB9 5BY FREEHOLD - £150,000
16/ Station Hotel, Station Road, Treeton, Rotherham, South Yorkshire S60 5PN - £160,000 (Long leasehold - 200 years from 1944 at £20 pa)
17/ Waters Green Tavern, 96 Waters Green, Macclesfield, Cheshire SK11 6LH FREEHOLD - £175,000

Needing renovation, repair, refurbishment or restoration.

Paramount pub sales agents offer unmodernised or run down pubs for sale in need of renovation, repair, refurbishment or restoration.

Immediate cash buyers of distressed property can search our lists of run down pubs and hotels in bad condition, empty or disused pubs, derelict pubs suitable for redevelopment as penthouses, lofts and studios, or unmodernised pubs and hotels suitable for renovation or modernisation.

We can help you buy run down pubs, public houses and licensed properties that need minor repairs all the way up to complete building renovations, so call our UK pub sales team or register for more property investments and investment information

Cheap pubs for quick sale or cash sale

We offer a range of distressed pubs for sale and cheap licensed properties for quick sale throughout the UK.

UK pubs are empty and pubs across the country are thretened with closure due to the smoking ban, competition from supermarkets or just changes in the way we live. The licensed property market is being flooded with cheap empty pub sites that make ideal redevelopment opportunities.

If you’re planning to buy a cheap pub that requires renovation or you plan to carry out major structural changes, ensure that you have an accurate estimate of the costs.

Search cheap and discounted pubs, clubs, bars, hotels, restaurants for quick or cash sale in UK

London pub closures - pub closures in London

At the current rate of closures, Britain's last pub will call time in 2037. The trend towards converting these closed down pubs into alternative commercial or welfare functions is a relatively new trend.

Figures collected by the north London branch of Camra (campaign for real ales) shows 227 out of a 936 pubs in 23 north London postcodes have closed since around 2002.

While 84 London pubs were converted into flats, 143 London pubs were taken over by business and voluntary groups, and are finding a new community role thanks to their prime location and their history as a focal point.

Former London pubs, inns and taverns have been converted into new uses as diverse as an Ethiopian restaurant, a theatre, a Turkish social club, a canoe centre and a café opposite Pentonville Prison called Breakout. In many cases, the new owners retain the traditional heavy pub tiles and the metal frame that once contained the pub sign, leaving behind a virtual map of the pub network.

Click here to find closed down London pubs for sale

UK Pub Companies Business Model Biased and Uncompetitive

From the Wall st Journal: --The future of the "tied pub" business model used by the U.K.'s two largest pub companies Punch Taverns PLC and Enterprise Inns PLC was thrown into doubt Wednesday after a scathing report by the U.K's parliament said the model was biased and uncompetitive and recommended regulators launch an urgent investigation.

The U.K. parliament's Business and Enterprise Committee said in a report Wednesday that the current model for tenanted pub groups pushed up prices and was unfair to the landlords that lease its pubs

"We recommend that the Secretary of State refer the matter to the Competition Commission for urgent investigation," it said.

If an investigation is launched - and ends up agreeing with the committee's report - it could see the end of the controversial model used by about a half of the U.K.'s pubs.

Wednesday's news sent shares in Enterprise Inns down 42 pence or 26%, to 118 pence, while Punch Taverns share price slid 18 pence, or 13% to 120 pence.

The committee said that the "tied pub" model, where by pub landlords - or lessees - rent their pubs from pub groups such as Enterprise and Punch and are then forced to buy all of their beer from them - needed to be reviewed again. Marston's PLC and Greene King PLC also run a number of tenanted pubs.

Pubs for Sale in Manchester, Liverpool, Barnsley, Hull

We detail below 9 UK pubs for sale. released to us this afternoon.

All have existing and alternative use potential subject to
gaining the appropriate Local Authority consents.

1/ Poomona Palace, 10 Cornbrook Road, Manchester, M15 4WB 
2/ Shamrock, 241 Manchester Road East, Manchester, M38 9AN  
3/ Gardeners Arms, 644 Manchester Old Road , Manchester , M24 4PW 
4/ H20 Bar, 4 Melbourne Street, Stalybridge, SK15 2JE
5/ Skerton Hotel, 2 Owen Road, Lancaster, LA1 2AR
6/ Last Orders (Barrow), 140 Rawlinson Street, Barrow in Furness, LA14
2DG
7/ Last Orders (Wombwell), 60 Park Street, Barnsley, S73 0HS
8/ Lee Park Hotel,Lee Park Avenue, Liverpool, L25 3RS
9/ Duke of Edinburgh, Great Union Street, Hull, HU9 1UA

Former Punch Taverns estates manager joins Paramount

Former Punch Taverns estate development manager David Pepper has joined pub sales agent Paramount Investments in a move designed to build relationships with pubcos.

His new role as a consultant coincides with a restructure of Paramount’s pub sales staff aimed at improving “its alignment with the regional structure of pubcos”, said a spokesman.

Pepper will also run Paramount’s first satellite office, in Congleton, Cheshire.

Paramount managing director Mark Greig said: “We have been encouraged by our recent contacts with pubcos, and we want to push this further. We believe David can improve our profile in those areas we are targeting.”

Pepper has worked in the licensed trade for more than 20 years — in acquisitions, estates and operations roles for a number of companies including Tetley-Walker, Bass Taverns and Hydes Brewery as well as Punch.

He said: “I am really excited by this prospect and by the unique way in which Paramount finds buyers for clients’ pubs quickly and efficiently.

“I believe I can get this message across to the bigger brewers and pubcos and bring in serious business for Paramount.

He added: “The business is out there, because all the pubcos are under pressure to sell more pubs these days. If they want them sold quickly, and for good prices, they should come to Paramount.”

Pubs for sale in the Midlands and East Anglia

Admiral Taverns has released 21 pubs for sale. The pubs, described as "quality mid-range stock", are primarily located in towns and villages across the Midlands and East Anglia.

Prices vary from £125,000 to £400,000, with the average price being £275,000. Eight of the pubs are priced at £300,000 or more.

They include The Royal Oak in Walker Road, Walsall and The Forge & Hammer in Spring Road, Wolverhampton.

Paramount Investments has been appointed to handle the sales and managing director Mark Greig said many of the pubs were likely to be sold as going concerns.

He said: “These are not bottom-end pubs, so we think that most of them will remain as pubs.”
“We sell to end-users who will pay the best price for the pubs on offer,” he said.

Some of the pubs among the 21 are located further north, in towns and cities such as Preston, Liverpool and Newcastle-upon-Tyne.

Pubs, Pubs and more Pubs

We have this afternoon been instructed on 21 brand new public houses (detailed below) never before released to the open-market. All are freehold (besides the Crown in Sheffield) and most are offered with full vacant possession. In some instances sales will be subject to occupational tenancies (on flexible terms).

All have potential for continued trade use or alternative uses subject to gaining the appropriate Local Authority consents.

1/ Dog & Pheasant, 169 High Street, Cambridge, CB4 1NL - £275,000
2/ Greyhound, 2 Chedburgh Road, Bury St Edmunds, IP29 5QS - £300,000
3/ Kings Arms, Lynn Road, Swaffham, PE37 7PZ - £225,000
4/ Leather Bottle, The Street, Chelmsford, CM3 1HG - £175,000
5/ Sportsmans Arms, 26 Sportsman Lane, Chelmsford, CM3 2NW - £275,000
6/ White Horse, Main Road, Maldon, CM9 6PB - £250,000
7/ Wheatsheaf, Church Street, Sandy, SG19 3JJ - £300,000
8/ White Horse, 79 Albert Street, Stevenage, SG1 3NY - £300,000
9/ Rising Sun, 35 Julians Road, Stevenage, SG1 3ES - £325,000
10/ Engine & Tender, 93-95 Midland Road, Bedford, MK40 1BZ - £300,000
11/ White Horse, Club Lane , Kettering, NN14 4EY - £275,000
12/ Allan Fold, Burnley Road, Halifax, HX1 3SU - £250,000
13/ Clifton Arms, 63 Clifton Road East, Liverpool, L6 3AD - £150,000
14/ De Trafford, Station Road, Preston, PR5 7RJ - £300,000
15/ Crows Nest, Benwell Lane, Newcastle-upon-Tyne, NE15 6RU - £150,000
16/ Oakdale Oakdale Road, Nottingham, NG3 7EF - £400,000
17/ Old Ship, Market Place, Worksop, S80 1HS - £350,000
18/ Crown Inn, 87-89 Forncett Street, Sheffield, S4 7QG - £75,000 (long leasehold)
19/ Royal Oak, Walker Road, Walsall, WS3 1LA - £205,000
20/ Lion Hotel, Upper Lichfield Street, Willenhall, WV13 1PB - £225,000
21/ Forge & Hammer, 6 Spring Road, Wolverhampton, WV4 6JT - £125,000