Hotels For Sale - 2012 Olympic Games

People who invest in hotels for sale in London ahead of next year's Olympic Games could be making a wise move.

Peter Mindenhall, researcher at IPINGlobal.com, pointed out: "The hotel industry has been very astute, with many large hotel chains investing in new hotel buildings or revamping old, empty, derelict or un modernised hotels to capture as much Olympic business as they can, which will continue to pay off even after the Olympic Games have finished."

Follow the link for more information on London Hotels for Sale & the Olympic Games

UK Pub Sales Agents Reports

London based pub sales agents Paramount Investments have had an excellent first 6 months of trading in 2011 with reported pub sales of 122 properties (an average of 20.3 pub sales a month)

With pub tenants coming to the end of their agreements or pub managers wanting to take up the mantle of running their own business demand for freehold pubs continues to flourish.

Coupled with the versatility of the pubs class use (A4) cash rich private investors are also recognizing their potential.

The agency covers the whole of the UK dividing the country into 9 regions.

Number 1 performing region currently is the Midlands with total number of pubs sold 36 followed by the North West (23)

The London region also fared well with 18 pubs sold.

In the South West (1) sales were poor, however with a number of new instructions and price reductions sales should improve in the second half of the year.

Paramount Investments Sales Director Steve Oliver credits their good start to hard work and the dedication of their experienced pub sales team. He reports, "Sadly a number of pubs were sold for alternate use; however it was pleasing to see at least 30% of the sales would remain as pubs which continues to be the heart of the community"

Paramount Investments offer a range of freehold pubs for sale, pubs for lease and pubs for rent in England, Scotland and Wales.

Buying a Pub at Auction

Buying a pub at auction used to be only for property developers & wealthy individuals, however times have changed and so have auctions. Anyone can now buy a pub at auction, but beware it doesn't always mean you'll be getting a bargain!

Property auctions usually set guide prices low to encourage bids however most pubs will have a reserve price which isn't revealed unless not reached.

Follow the links for more info on Buying a Pub at Auction

VAT 1614D - Reclaiming & Disapplying for VAT

For years property developers have been knocking down pubs and redeveloping them into blocks of flats or housing estates and now the general public is getting in on the act and buying pubs to convert into family houses.

''There has never been a better time to buy a pub for redevelopment.'' Steve Oliver, Sales Director at Paramount Investments explains, '' When buying a pub or hotel, a prospective purchaser will normally incur "acquisition" or "purchase costs" in addition to the actual purchase price such as legal and surveyor's fees, stamp duty and VAT. However, if the pub site is to be redeveloped for residential use even greater savings can be achieved.

Follow the link for more on reclaIiming and disapplying for VAT

Mansfield Hotel For Sale, Derbyshire

Derbyshire Hotel for Sale

Stanton Hotel
New Houghton
Mansfield
Derbyshire
NG19

Gross Site Area: 9708 sq/ft*

£ 250,000 + VAT

Freehold Hotel For Sale, Mansfield, Derbyshire

Barnsley Pub for Sale, South Yorkshire

South Yorkshire Pub for Sale,

Cloither Arms
St. Helens Street
Elsecar, Barnsley
South Yorkshire
S74

Gross Site Area: 5548 sq/ft*

£ 225,000 + VAT
Freehold

Cloither Arms Pub for Sale Barnsley South Yorkshire

Scottish Brewers Sales Figures Forecast Profits Up

Investors are likely to raise a glass to the owner of Scotland's Belhaven brewery this week as brokers are tipping it to serve up forecast-busting annual profits.
Pubs and beers owned by Belhaven should help Greene King report profits of £140 million on Thursday, against market forecasts of £139.4m, up from £123m a year ago, according to Numis Securities.

East Anglia-based Greene King, which bought Belhaven six years ago, is likely to say sales at its managed pubs north of the Border rose by 4 per cent, with equivalent sales in England lifting 4.7 per cent.

It said in April that the Scottish brewer's Belhaven Best ale had boosted volumes by 1.8 per cent while volumes of its English ales such as Greene King IPA, Old Speckled Hen and Abbot Ale had stayed level with last year.

Sunny weather helped its drink-led pubs, while food growth was also strong with the group reporting an 8.2 per cent uplift in the last quarter of the year through its Hungry Horse and Old English Inns brands.

Belhaven's pubs division has more than 300 tenanted, leased and managed pubs, from Stranraer in the south of Scotland to Wick in the north, and its brewing business is based in Dunbar.

Greene King announced in 2005 that it was buying Belhaven and runs it separately from the other Greene King businesses.

Birmingham Pub Goers Campaign for Dartboards

A campaign has been launched calling on pubs in Birmingham to bring back their dartboards before a slice of English culture is lost.

At a time when the sport is watched by millions worldwide, city councillor John Clancy has found himself moving from pub to pub in search of a game as bars seem to have grown bored with darts.

Now he has launched a Facebook campaign called PodBrum which stands for Preserve our Dartboards in Birmingham.


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Leeds Pub Planning in For Tesco Express Supermarket

A Leeds pub once hailed as a “Victorian gem” has closed down and is to be converted into a Tesco Express supermarket, reports the Yorkshire Evening Post.

The Queen on Burley Road was one of a trio of pubs in the Kirkstall area of Leeds dubbed “The Big Three” because they were all built in the mid-1800s during the reign of Queen Victoria.

The other two were the Cardigan Arms and the Rising Sun, both on Kirkstall Road. Today, only the Cardigan Arms survives as a public house.

The Queen thrived through periods of massive change in Leeds, such as the erection and demolition of back-to-back houses and the growth and decline of industry, including a power station.

In the 1960s, the boom in media expansion saw the construction of Yorkshire Television’s studios nearby -– with The Queen used as a watering hole for YTV staff.

The Queen was a Tetley house until the tied-house pub empires of breweries like Tetley were legislated out of existence. The intention was to break up pub-owning monopolies and create variety and choice for customers. Instead, tens of thousands of pubs fell into the hands of pub companies, creating even bigger monopolies.