Thursday, 25 February 2010
Pubs For Sale in The UK
UK pubs for sale. As a property investment or development opportunity, run down, disused or delicensed freehold pubs, bars and hotels are currently under market value and present excellent redevelopment, modernisation and refurbishment opportunities
Paramount Investments also specialise in the sale of commercial, licensed, industrial, leisure, office, retail, residential, healthcare, retirement and student freehold property for investment and redevelopment.
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Hampshire Freehold Pub and Development Land For Sale
Hampshire Freehold Country Pub For Sale
Coburns
High Street
Lyndhurst
Hampshire
SO43
Ground floor footplate: 1376 sq/ft*
£ 325,000 Freehold
ALL OFFERS INVITED - Public house/development land for sale, subject to an occupational tenancy until 2024 with a current rent of £21,990pa. In addition the purchaser will have the benefit of substantial additional income from beer sales.
Unconditional offers are invited for our clients unencumbered interest.
The property represents excellent value for continued licensed use / owner occupation.
There is also enormous potential for redevelopment (residential / commercial / mixed use) subject to gaining the appropriate Local Authority consents.
Lyndhurst Hampshire Pub For Sale
Tuesday, 23 February 2010
Buying a Pub for Redevelopment
As a property investment or development opportunity, run down, disused or delicensed freehold pubs, bars and hotels are currently under market value and present excellent redevelopment, modernisation and refurbishment opportunities
The Office of National Statistics Confirms the Trend Towards Home Drinking
Summary of Key findings; Circumstances in which people drank.
Home was the most frequently mentioned place where those who drank last week drank on their heaviest (or most recent) drinking day. Forty six per cent of men and 57 per cent of women had drunk alcohol in their own home in the previous week, and 8 per cent of male drinkers and 15 percent of female drinkers had been drinking in someone else’s home. A third of male drinkers (33 percent) had been in a pub or bar, compared with only one fifth (20 per cent) of female drinkers.
Among those who had had an alcoholic drink in the previous week, 10 per cent of men and 9 percent of women had been drinking alone on the most recent drinking day or the day when they had the most to drink. The most common companions for those drinking with other people were their spouse or partner (37 per cent of male drinkers and 44 percent of female drinkers) and friends (48per cent and 43 per cent respectively).
Office of National Statistics
Home was the most frequently mentioned place where those who drank last week drank on their heaviest (or most recent) drinking day. Forty six per cent of men and 57 per cent of women had drunk alcohol in their own home in the previous week, and 8 per cent of male drinkers and 15 percent of female drinkers had been drinking in someone else’s home. A third of male drinkers (33 percent) had been in a pub or bar, compared with only one fifth (20 per cent) of female drinkers.
Among those who had had an alcoholic drink in the previous week, 10 per cent of men and 9 percent of women had been drinking alone on the most recent drinking day or the day when they had the most to drink. The most common companions for those drinking with other people were their spouse or partner (37 per cent of male drinkers and 44 percent of female drinkers) and friends (48per cent and 43 per cent respectively).
Office of National Statistics
Freehold Pub and Development Land For Sale Chipping Norton
Oxfordshire Inn For Sale
Crown Inn
School Road, Finstock
Chipping Norton
Oxfordshire
OX7
Ground floor footplate: 4688 sq/ft*
£ 330,000 Freehold
ALL OFFERS INVITED
Freehold public house/development opportunity for sale subject to an occupational tenancy until 2014 at a rent of £14,000 per annum. In addition the purchaser will have the benefit of substantial additional income from beer sales.
The adjacent Post Office and land is also included in the sale although our client cannot prove freehold title (either because the deeds are missing for some other reason i.e. they were in adverse possession of the property). Our client can provide a statutory declaration covering the period from 2002 although they do not have a claim for adverse possession as they can't prove title for a period of 12 continuous years.
There is also enormous potential for redevelopment (residential / commercial / mixed use) subject to gaining the appropriate Local Authority consents.
The existing use class of the property is A4 'Drinking Establishments'. Planning consent is not required to change the current use to A1 (shops), A2 (financial and professional services) or A3 (restaurants and cafes).
Crown Inn Chipping Norton
Monday, 22 February 2010
Brewery Targets Supermarket Sales
Diageo is to ramp up its marketing efforts in supermarkets as it looks to tap into the growth in at-home drinking.
The drinks marker, owner of the Guinness and Smirnoff brands, is reportedly looking to strength its relationships with some of the UK’s biggest retailers to try and boost its share of the growing on-trade market.
Simon Litherland, Diageo’s managing director for Great Britain, told the Sunday Telegraph the company is looking to “strike a collaborative relationship” with supermarkets “that is good for us and them.”
“We’ve got to get the right share of promotions, the right share of display in stores,” he adds.
The move follows Official of National Statistics last month that confirmed the shift towards at-home drinking. Almost a third (29%) of UK consumers said they had bought alcohol in a supermarket in 2009, up from 25% in 2008.
Diageo has already repositioned its Guinness brand in the UK as a drink to be enjoyed at home as well as well as in the pub.
The drinks marker, owner of the Guinness and Smirnoff brands, is reportedly looking to strength its relationships with some of the UK’s biggest retailers to try and boost its share of the growing on-trade market.
Simon Litherland, Diageo’s managing director for Great Britain, told the Sunday Telegraph the company is looking to “strike a collaborative relationship” with supermarkets “that is good for us and them.”
“We’ve got to get the right share of promotions, the right share of display in stores,” he adds.
The move follows Official of National Statistics last month that confirmed the shift towards at-home drinking. Almost a third (29%) of UK consumers said they had bought alcohol in a supermarket in 2009, up from 25% in 2008.
Diageo has already repositioned its Guinness brand in the UK as a drink to be enjoyed at home as well as well as in the pub.
London Town Enters Pre-Pack Administration and puts 44 Pubs up for Sale
The future of 44 pubs in the London Town group is under threat after the company entered a pre-pack administration last week.
PricewaterhouseCoopers was appointed as joint administrator of London Town and one of its subsidiaries, GRS Inns on Friday.
A group headed up by London Town's existing management has bought the pubs business, taking over most of the existing staff, under a complicated restructuring deal.
London Town operates 350 pubs under lease and tenancy agreements or through the direct management of pubs, while GRS Inns operates 44 leased pubs.
PricewaterhouseCoopers was appointed as joint administrator of London Town and one of its subsidiaries, GRS Inns on Friday.
A group headed up by London Town's existing management has bought the pubs business, taking over most of the existing staff, under a complicated restructuring deal.
London Town operates 350 pubs under lease and tenancy agreements or through the direct management of pubs, while GRS Inns operates 44 leased pubs.
Saturday, 20 February 2010
Radio 4 Celebrates the Pub Landlord and Landlady
A celebration of the pub landlord and landlady.
With pubs disappearing at the rate of more than three a day, signalling one of the most rapid cultural shifts of recent times, half a dozen landlords and landladies reflect on life as a licensee and explore what we're in danger of losing besides the beer and the buildings.
This rueful view from behind the bar includes reflections on the qualities of a good landlord or landlady, their role as community confessional and settler of tap room fights, dispenser of best bitter and pearls of wisdom.
The programme hears from from old hands like Barbara, an ex-Bunny girl who runs The Grapes in London's Limehouse; Tetley Dave who fought a battle to keep The Shoulder of Mutton from closing in Castleford; Maureen from Langsett who's famous for her pies; ex miner Dennis from Barnsley, whose bête noir is health and safety; and former Cambridge academic Tim, who's taken early retirement to open his first pub in York, The Pheonix, just as others around are shutting up shop.
How have they kept their marriages together, living and working on the premises? How much of a temptation was it to hit the top shelf after a hard day's graft behind the bar? Why do they think the pub can help teach the next generation how to hold their drink? And how do they bar an objectionable customer without starting a Wild West-style bar room brawl?
Available only until 26 February
Episode 2 in on this Friday 26 February, Radio 4 at 11am
With pubs disappearing at the rate of more than three a day, signalling one of the most rapid cultural shifts of recent times, half a dozen landlords and landladies reflect on life as a licensee and explore what we're in danger of losing besides the beer and the buildings.
This rueful view from behind the bar includes reflections on the qualities of a good landlord or landlady, their role as community confessional and settler of tap room fights, dispenser of best bitter and pearls of wisdom.
The programme hears from from old hands like Barbara, an ex-Bunny girl who runs The Grapes in London's Limehouse; Tetley Dave who fought a battle to keep The Shoulder of Mutton from closing in Castleford; Maureen from Langsett who's famous for her pies; ex miner Dennis from Barnsley, whose bête noir is health and safety; and former Cambridge academic Tim, who's taken early retirement to open his first pub in York, The Pheonix, just as others around are shutting up shop.
How have they kept their marriages together, living and working on the premises? How much of a temptation was it to hit the top shelf after a hard day's graft behind the bar? Why do they think the pub can help teach the next generation how to hold their drink? And how do they bar an objectionable customer without starting a Wild West-style bar room brawl?
Available only until 26 February
Episode 2 in on this Friday 26 February, Radio 4 at 11am
Tuesday, 16 February 2010
Pub Cos, Property and Competition; Why Local Pubs are Closing
Any landlord can give you a litany of reasons for why the pub industry is so tough; from spiralling energy costs to tax hikes and the smoking ban. But two things get them most animated: the "beer tie", which forces half of the country's pubs to buy drinks from a particular brewer (often at vastly inflated prices), and the multinational companies known as "Pub Cos". Half of the UK's pubs are owned by Pub Cos, the two biggest owning a quarter.
The dominance of the Pub Cos can be traced to 1989 when the Thatcher government tried to inject competition into the pub industry. Breweries with more than 2,000 pubs were ordered to sell off their excess, and offer a "guest beer". The cleverer breweries worked out that there was nothing to stop any number being owned by a company that didn't make beer. So they set up property companies to own vast numbers of pubs and force licensees to buy off a brewer.
Landlords rarely go on the record against their Pub Co, but one who runs a barely profitable pub in the Midlands told The Independent how rents and drink prices go up whenever the company that owns his building needs an extra injection of cash. "Two years ago I had a rent review and they upped it from £40,000 to £60,000 a month," he said. "The price of drinks through my tie has gone up 22 per cent in two years. We have no choice but to pass the hike on to the customer who will hit the supermarket instead."
A growing number of MPs believe the power of the Pub Cos needs to be tackled. "We need radical and effective reform," says Greg Mulholland MP, who chairs the All Party Parliamentary Save the Pub Group. "The Pub Cos have shown they are not prepared to regulate themselves."
The Independent
The dominance of the Pub Cos can be traced to 1989 when the Thatcher government tried to inject competition into the pub industry. Breweries with more than 2,000 pubs were ordered to sell off their excess, and offer a "guest beer". The cleverer breweries worked out that there was nothing to stop any number being owned by a company that didn't make beer. So they set up property companies to own vast numbers of pubs and force licensees to buy off a brewer.
Landlords rarely go on the record against their Pub Co, but one who runs a barely profitable pub in the Midlands told The Independent how rents and drink prices go up whenever the company that owns his building needs an extra injection of cash. "Two years ago I had a rent review and they upped it from £40,000 to £60,000 a month," he said. "The price of drinks through my tie has gone up 22 per cent in two years. We have no choice but to pass the hike on to the customer who will hit the supermarket instead."
A growing number of MPs believe the power of the Pub Cos needs to be tackled. "We need radical and effective reform," says Greg Mulholland MP, who chairs the All Party Parliamentary Save the Pub Group. "The Pub Cos have shown they are not prepared to regulate themselves."
The Independent
Monday, 15 February 2010
Pub Closure News; UK Pub Saved By Local Co-Op
The Star Inn in Salford is about as far away from the world of gastro-pubs as its possible to get.
Hidden from passing trade up a narrow lane, it is very much a local's local. Behind the green swing doors the Star is warm and steeped in local history. The weekly darts tournament is still played on a "Manchester log-end", a wooden board that has to be kept in a bucket of water to keep soft.
Ten years ago this corner of northern Salford boasted eight pubs within walking distance of the Star. One by one they've closed their doors.
Before Christmas the Star nearly went the same way. Robinsons, the brewery, decided to sell up and gave three weeks' notice of closure. But the Star's locals formed a co-op and bought their drinking hole for £80,000.
"It was a simple decision really," says Dr Tim Worden, a local GP and one of the 65 shareholders in the Star. "Some of us who live here wanted our godchildren to see what a local pub looks like. If the Star went that would have been the end. The nearest pub would have been a good 20 minutes' walk away or a taxi trip into town. And we all know what the pubs there are like."
In recent years communities have resorted to co-operatives to save village shops and Post Offices – but pubs missed out on this trend. That is slowly changing.
The Star is the second pub to have turned itself into a full co-op complete with shareholders and – if the profits come in – dividends paid in cash or beer. Two more co-op pubs, one in Cumbria and one in West Yorkshire, are in the process of opening. And Britain's first pub co-op, the Old Crown in the Hesket Newmarket, Cumbria, is going from strength to strength.
"They won't work in every instance but in communities where you're down to the last pub a co-op could do extremely well," says Ed Mayo chief of the national umbrella body for co-ops, Co-operatives UK. "It's worth pointing out that co-ops have a wonderful track record of thriving in tough industries."
And industries don't come much tougher. According to the British Beer and Pub Association 39 pubs are closing every week. A new report from Co-Operatives UK estimates that 2,700 pubs will collapse in the next 12 months, compared to 2006 when there were just 316 net closures.
Back in the Star Inn, the locals are planning a series of reforms too. Robinson's beers have been replaced by ales from a local micro-brewery and there are plans to place tables outside for the summer. Says local Margaret Fowler: "It will stay a pub where you meet people from all walks of life. As soon as you walk through that door you're all treated equally."
The Independent
Hidden from passing trade up a narrow lane, it is very much a local's local. Behind the green swing doors the Star is warm and steeped in local history. The weekly darts tournament is still played on a "Manchester log-end", a wooden board that has to be kept in a bucket of water to keep soft.
Ten years ago this corner of northern Salford boasted eight pubs within walking distance of the Star. One by one they've closed their doors.
Before Christmas the Star nearly went the same way. Robinsons, the brewery, decided to sell up and gave three weeks' notice of closure. But the Star's locals formed a co-op and bought their drinking hole for £80,000.
"It was a simple decision really," says Dr Tim Worden, a local GP and one of the 65 shareholders in the Star. "Some of us who live here wanted our godchildren to see what a local pub looks like. If the Star went that would have been the end. The nearest pub would have been a good 20 minutes' walk away or a taxi trip into town. And we all know what the pubs there are like."
In recent years communities have resorted to co-operatives to save village shops and Post Offices – but pubs missed out on this trend. That is slowly changing.
The Star is the second pub to have turned itself into a full co-op complete with shareholders and – if the profits come in – dividends paid in cash or beer. Two more co-op pubs, one in Cumbria and one in West Yorkshire, are in the process of opening. And Britain's first pub co-op, the Old Crown in the Hesket Newmarket, Cumbria, is going from strength to strength.
"They won't work in every instance but in communities where you're down to the last pub a co-op could do extremely well," says Ed Mayo chief of the national umbrella body for co-ops, Co-operatives UK. "It's worth pointing out that co-ops have a wonderful track record of thriving in tough industries."
And industries don't come much tougher. According to the British Beer and Pub Association 39 pubs are closing every week. A new report from Co-Operatives UK estimates that 2,700 pubs will collapse in the next 12 months, compared to 2006 when there were just 316 net closures.
Back in the Star Inn, the locals are planning a series of reforms too. Robinson's beers have been replaced by ales from a local micro-brewery and there are plans to place tables outside for the summer. Says local Margaret Fowler: "It will stay a pub where you meet people from all walks of life. As soon as you walk through that door you're all treated equally."
The Independent
Sunday, 14 February 2010
Bury St Edmunds Pub for Sale, Suffolk
Suffolk Pub for Sale
Ipswich Arms
Tayfen Road
Bury St. Edmunds
Suffolk
IP32
Gross Site Area: 5944 sq/ft*
£ 225,000 + VAT Freehold
Ipswich Arms For Sale
Norwich Freehold Public House For Sale
Norwich Country Inn for Sale
Bell Inn
Barnham Broom
Norwich
Norfolk
NR9
Gross Site Area: 20565 sq/ft*
£ 225,000 + VAT Freehold
Bell Inn for Sale Norwich
Friday, 12 February 2010
Suffolk Country Inn For Sale
Suffolk Pub for Sale
Lord Nelson Inn
Mill Road, Holton
Halesworth
Suffolk
IP19
Gross Site Area: 19896 sq/ft*
£ 245,000 + VAT Freehold
Lord Nelson Inn For Sale, Halesworth
Wednesday, 10 February 2010
Pub For Sale, Great Yarmouth, Norfolk
Norfolk Pub for Sale
Anson Arms
Southtown Road
Great Yarmouth
Norfolk
NR31
Gross Site Area: 17993 sq/ft*
£ 250,000 + VAT Freehold
Anson Arms Pub For Sale
Liverpool Pub Sale; Banksy Mural Pub Goes Under Hammer
A Liverpool pub daubed with an authentic Banksy mural — of a gun-toting rat — will go under the hammer at an auction on 18 February at the Liverpool Marriott.
Gun toting rat: is it valuable?
The Whitehouse has been included in the Sutton Kersh sale with a guide price of £70,000 to £80,000.The price tag does not take into account any added value that may be attributed to the artwork, but auctioneers anticipate it may generate offers above the suggested value.
Gun toting rat: is it valuable?
The Whitehouse has been included in the Sutton Kersh sale with a guide price of £70,000 to £80,000.The price tag does not take into account any added value that may be attributed to the artwork, but auctioneers anticipate it may generate offers above the suggested value.
Monday, 8 February 2010
Norfolk Country Pub for Sale, Norwich
Norfolk Pub for Sale
Grove
Cadge Road
Norwich
Norfolk
NR5
Gross Site Area: 24562 sq/ft*
£ 250,000 + VAT Freehold
Public house/development land for sale with full vacant possession.
Unconditional offers are invited for our clients unencumbered interest.
The property represents excellent value for continued licensed use / owner occupation.
There is also enormous potential for redevelopment (residential / commercial / mixed use) subject to gaining the appropriate Local Authority consents.
Grove pub for Sale, Norfolk
Friday, 5 February 2010
Pub for Sale, Thetford, Norfolk
Norfolk Pub For Sale
Red Lion
Hockwold
Thetford
Norfolk
IP26
Gross Site Area: 12342 sq/ft*
£ 275,000 + VAT Freehold
Red Lion Pub for Sale, Thetford
Great Yarmouth Freehold Pub for Sale, Norfolk
Norfolk Pub for Sale
Kings Arms
Main Road
Great Yarmouth
Norfolk
NR29
Gross Site Area: 24957 sq/ft*
£ 295,000 + VAT Freehold
ALL OFFERS INVITED - Public house/development land for sale with full vacant possession.
Unconditional offers are invited for our clients unencumbered interest.
The property represents excellent value for continued licensed use / owner occupation.
There is also enormous potential for redevelopment (residential / commercial / mixed use) subject to gaining the appropriate Local Authority consents.
The existing use class of the property is A4 'Drinking Establishments'. Planning consent is not required to change the current use to A1 (shops), A2 (financial and professional services) or A3 (restaurants and cafes).
Please note that VAT is applicable in this matter.
Kings Arms Norfolk Pub for Sale
Wednesday, 3 February 2010
Ipswich Pub For Sale Suffolk
Suffolk Pub For Sale
Falcon
Playford Road, Rushmere St. Andrew
Ipswich
Suffolk
IP5
Gross Site Area: 19945 sq/ft*
£ 250,000 Freehold
Falcon Pub For Sale, Suffolk
Monday, 1 February 2010
Scottish Pubs Seek Parity with Supermarkets
The Scottish Beer and Pub Association (SBPA) has called for a "level playing field" between pubs and supermarkets in its submission to the Scottish Parliament's Health and Sport Committee's consultation on the Alcohol Etc (Scotland) Bill.
"It is fundamentally flawed for pubs to have been banned from running promotions like 'buy one get one free' offers since September 1, 2009, but for supermarkets to be allowed to continue to do exactly that at a fraction of the prices that any pub could ever charge," said SBPA chief executive, Patrick Browne.
"That unlevel playing field makes a total mockery of the current Licensing (Scotland) Act 2005 and raises real questions about the commitment of politicians to tackle 'irresponsible promotions'."
In its response, the SBPA also questioned the need to introduce age verification policies in Scotland and highlighted the possible impact of bans on under-21-year-olds being able to buy alcohol from off-sales given that many pubs are licensed to make off-sales where the alcohol is then consumed in beer gardens.
Mr Browne added: "It would appear that many aspects of the Alcohol Bill will have unintended consequences for pubs that are licensed to make off-sales of alcohol. Hopefully the Scottish Parliament will remove those anomalies."
"It is fundamentally flawed for pubs to have been banned from running promotions like 'buy one get one free' offers since September 1, 2009, but for supermarkets to be allowed to continue to do exactly that at a fraction of the prices that any pub could ever charge," said SBPA chief executive, Patrick Browne.
"That unlevel playing field makes a total mockery of the current Licensing (Scotland) Act 2005 and raises real questions about the commitment of politicians to tackle 'irresponsible promotions'."
In its response, the SBPA also questioned the need to introduce age verification policies in Scotland and highlighted the possible impact of bans on under-21-year-olds being able to buy alcohol from off-sales given that many pubs are licensed to make off-sales where the alcohol is then consumed in beer gardens.
Mr Browne added: "It would appear that many aspects of the Alcohol Bill will have unintended consequences for pubs that are licensed to make off-sales of alcohol. Hopefully the Scottish Parliament will remove those anomalies."
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