The licensed trade in the UK will be flourishing again in the next few years.
Figures released by CGA Strategy highlighted that closures of public houses are now at the lowest level for more than four years.
Speaking at a media briefing for Suffolk-based cider producers Aspall, CGA's Scott Elliott said that the licensed trade was evolving due to forward thinking publicans and growth can be expected from 2015 onwards, reports In a Pub News.
“The ones that are opening are very different to the ones that are closing. 50 per cent of all new openings are a hybrid kind of concept. The café /wine-bar outlets with a good range of premium products including decent cask ales," he stated.
His comments follow on from advice given by the All Party Parliamentary Beer Group recently, which said that adding a food menu to your pub's offerings is one of the best ways to boost trade.
UK Pub Sales News
Wednesday, 30 November 2011
Leek Pub for Sale, Staffordshire
Central Leek Pub for Sale, Staffordshire
Fountain Inn
Fountain Street
Leek
Staffordshire
ST13
Ground floor footplate: 1234 sq/ft*
£ 225,000 + VAT
LOCATION
This former public house in situated in central Leek, Staffordshire. Located on Fountain Street just off the monument roundabout, the property occupies a prominent position opposite St Lukes Church.
Approx gross site area: 2,046 sq ft*
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.
Staffordshire Pub for Sale
Tuesday, 29 November 2011
Warwick Pub for Sale
Freehold Pub For Sale In Warwick, Warwickshire
Bunch of Grapes
Vine Lane
Warwick
Warwickshire
CV34
Gross Site Area: 10751 sq/ft*
£ 295,000 + VAT
LOCATION
The Bunch of Grapes public house is conveniently located on Vine Lane, a predominately residential area, yet moments from Warwick's town centre. The property is situated within walking distance of Warwick Railway Station and is close to the A46 providing excellent transport links.
PROPERTY
Two storey detached building sitting on 10,751 sq ft of land. To the rear of the property is a large car park and garden which is accessible via a secure gate.
FURTHER INFORMATION
Vacant possession
Development potential (STPP)
Approx gross site area: 10,751 sq.ft*
Approx ground floor foot plate: 1,766 sq.ft*
Rateable Value: £4,000
Unconditional offers are invited for our clients unencumbered interest.
Warwickshire Pub for Sale
Pub Redevelopment; Change Of Use Plans Being Considered for Monk Sherborne
Villagers are in a dogfight with a former Concorde captain who wants to convert a pub into a home.
Retired pilot Adrian Thompson has submitted a planning application to convert The Mole Inn, in Monk Sherborne.
It is Mr Thompson’s second such application, the first having been refused by Basingstoke and Deane Borough Council earlier this year.
Mr Thompson, 62, a part-time property developer, says the pub is too small to be viable, having had eight landlords in the last 16 years. The pub shut in February last year, before Mr Thompson bought it.
But a group of villagers has formed a Save the Mole committee to oppose him. In July they wrote to him saying his plans would be “challenged at every step” and asking to discuss the options.
She added: “We strongly believe the pub is viable if it is in the right hands, refurbished and properly marketed.”
Planning documents show the pub was unsuccessfully up for sale at £395,000 freehold. Mr Thompson is believed to have paid substantially less for it.
Mr Thompson said despite their protests, he had heard nothing from the Save the Mole committee since the summer. He said: “I am a property developer and I have no interest in running a pub.”
Retired pilot Adrian Thompson has submitted a planning application to convert The Mole Inn, in Monk Sherborne.
It is Mr Thompson’s second such application, the first having been refused by Basingstoke and Deane Borough Council earlier this year.
Mr Thompson, 62, a part-time property developer, says the pub is too small to be viable, having had eight landlords in the last 16 years. The pub shut in February last year, before Mr Thompson bought it.
But a group of villagers has formed a Save the Mole committee to oppose him. In July they wrote to him saying his plans would be “challenged at every step” and asking to discuss the options.
She added: “We strongly believe the pub is viable if it is in the right hands, refurbished and properly marketed.”
Planning documents show the pub was unsuccessfully up for sale at £395,000 freehold. Mr Thompson is believed to have paid substantially less for it.
Mr Thompson said despite their protests, he had heard nothing from the Save the Mole committee since the summer. He said: “I am a property developer and I have no interest in running a pub.”
Monday, 28 November 2011
Cwmbran Pub for Sale Gwent
Freehold Pub For Sale In Cwmbran, Gwent
Pontnewydd Inn (Fairces two)
Commercial Street
Cwmbran
Gwent
NP44
Gross Site Area: 8183 sq/ft*
£ 175,000 + VAT
Freehold
LOCATION
The Pontnewydd Inn is located on a small commercial street with all the local shops and amenities on its door step. The area is predominantly residential. Cwmbran National Rail Station is 0.45 miles South East of the site.
PROPERTY
Ground floor comprises an open plan lounge, one bar serving all areas. To the rear there is a smoking solution
Private accommodation holds a lounge, kitchen, 1 bedroom and domestic bathroom.
Please note that the land on the title plan outlined in green has been previously sold off is not included in the sale.
FURTHER INFORMATION
Vacant possession
Development potential (STPP)
Approx gross site area: 8,183 sq.ft*
Approx ground floor foot plate: 1,925 sq.ft*
Rateable Value: £6,000
Unconditional offers are invited for our clients unencumbered interest.
Gwent Pub for Sale, Freehold
Stoke On Trent Pub For Sale, Staffordshire
Freehold Pub For Sale In Stoke on Trent, Staffordshire
Base
Trinity Street
Stoke-on-Trent
Staffordshire
ST1
£ 295,000 + VAT
Freehold
LOCATION
Located on a prime commercial pitch in the Heart of Stoke-on-Trent City Centre. Neighbouring occupiers include major high street names such as Debenhams, HSBC, William Hill, Reed and KFC.
PROPERTY
Large 3 storey building with A4 use class and managers accomodation to the upper parts.
FURTHER INFORMATION
Vacant possession
Development potential (STPP)
Approx gross site area: 1,786 sq.ft
Approx ground floor foot plate: 1,572 sq.ft
Rateable Value: £17,250
Unconditional offers are invited for our clients unencumbered interest.
The property represents excellent value for continued licensed use / owner occupation. There is also 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).
Staffordshire Pub for Sale, Stoke on Trent
Sunday, 27 November 2011
Ludlow Pub for Sale, Shropshire
Freehold Pub For Sale In Ludlow, Shropshire
Horse & Jockey
Old Street
Ludlow
Shropshire
SY8
Gross Site Area: 9182 sq/ft*
£ 375,000 + VAT
Freehold
LOCATION
The Horse & Jockey can be found on Old Street in Ludlow. The property is situated under a mile from Ludlow Railway Station providing excellent transport links.
PROPERTY
Two storey building with residential accommodation on first floor previously being used as a B&B. Large car park and garden to rear. Gross site area is approximately 9,182 sq ft.
FURTHER INFORMATION
Vacant possession
Development potential (STPP)
Approx gross site area: 1,830 sq.ft*
Approx ground floor foot plate: 9,182 sq.ft*
Rateable Value: £4,000
Unconditional offers are invited for our clients unencumbered interest.
Shropshire Pub for Sale, Ludlow
Breathalyser machines installed in Cheltenham pubs
Pub-goers pay £1 to breathe into the machine and are shown either a green, amber or red light, depending on how much they have consumed. Drinkers are given an exact reading of the alcohol content in their breath. The current limit is 35 micrograms of alcohol per litre of breath.
So far, eight venues in Cheltenham have installed an 'Alcosense' machine.
Joe, who lives in Cheltenham, said the company has pledged to donate a percentage of the amount collected from the machines each month to Help for Heroes, the national charity which supports British troops.
He said: "We wanted to raise money for our soldiers who risk their lives for our sake. For the sake of £1 and a few seconds, people could potentially save a life too."
The business plans to roll out the machines to all pubs and clubs in Cheltenham and Gloucester before expanding across the entire country.
Causing death by careless driving when under the influence of drink or drugs carries a maximum penalty of 14 years in prison.
So far, eight venues in Cheltenham have installed an 'Alcosense' machine.
Joe, who lives in Cheltenham, said the company has pledged to donate a percentage of the amount collected from the machines each month to Help for Heroes, the national charity which supports British troops.
He said: "We wanted to raise money for our soldiers who risk their lives for our sake. For the sake of £1 and a few seconds, people could potentially save a life too."
The business plans to roll out the machines to all pubs and clubs in Cheltenham and Gloucester before expanding across the entire country.
Causing death by careless driving when under the influence of drink or drugs carries a maximum penalty of 14 years in prison.
Saturday, 26 November 2011
Worcester Pub for Sale,
Freehold Pub For Sale In Shrawley, Worcester
Rose & Crown (De-licensed)
Shrawley
Worcester
Worcestershire
WR6
Gross Site Area
£ 325,000 + VAT
Freehold
LOCATION
The Rose and Crown is located in the beautiful village of Shrawley on the B4196. The village is mainly a residential area. Hartlebury National Rail is the nearest strain station at 4.36 miles North East of the property.
PROPERTY
Ground Floor comprises 2 separate bar areas and a function room at one end. There is a very large beer garden area to the rear and parking to the side. The kitchen on site currently caters to the public.
Private accommodation comprises a lounge, bathroom and 3 bedrooms.
FURTHER INFORMATION
Vacant possession
Development potential (STPP)
Approx gross site area: 0.97 Acres
Approx ground floor foot plate: 1,578 sq.ft
Rateable Value: £5,550
Shrawley Pub for Sale, Worcester
Friday, 25 November 2011
Fenton Pub for Sale, Stoke on Trent Freehold Pub For Sale,
Stoke on Trent Pub for Sale
Queen Victoria
Victoria Road
Fenton, Stoke-on-Trent
Staffordshire
ST4
Ground floor footplate: 3159 sq/ft*
£ 325,000 + VAT
Freehold
Queen Victoria Pub for Sale, Fenton, Stoke On Trent
Thursday, 24 November 2011
North London Pub Bars Travellers
The Irish Times is reporting that one of Britain’s largest pub chains is to face investigation for racial discrimination after a group, including a police officer and a priest who had attended an Irish Travellers’ meeting, were refused entry to a north London pub.
The incident occurred last Thursday shortly before 5pm when some of those who had attended an Irish Travellers’ Movement in Britain meeting at offices on Holloway Road went to the JD Wetherspoons-owned Coronet pub a few doors away.
The group, including Cheshire Constabulary’s head of diversity Insp Mark Watson, solicitor Martin Howe and the group’s chairman, Fr Joe Brown, along with a number of Travellers, were blocked by doormen.
Mr Howe, who is to issue legal proceedings against JD Wetherspoons today, said the doormen had told him they had been instructed not to allow in anyone who had been at the Travellers’ conference because of “problems last year, except that there weren’t any”.
The incident occurred last Thursday shortly before 5pm when some of those who had attended an Irish Travellers’ Movement in Britain meeting at offices on Holloway Road went to the JD Wetherspoons-owned Coronet pub a few doors away.
The group, including Cheshire Constabulary’s head of diversity Insp Mark Watson, solicitor Martin Howe and the group’s chairman, Fr Joe Brown, along with a number of Travellers, were blocked by doormen.
Mr Howe, who is to issue legal proceedings against JD Wetherspoons today, said the doormen had told him they had been instructed not to allow in anyone who had been at the Travellers’ conference because of “problems last year, except that there weren’t any”.
London Pub Redevelopment, Catford
A Pub which has stood vacant for eight years and seen numerous battles over its future will finally be demolished.
Last week, a Lewisham Council planning committee approved plans by Phoenix Community Housing to knock down Catford’s Green Man pub.Taking the Bromley Road building’s place will be the association’s two-floor headquarters .
Secretary of Southend Residents Association John Grosvenor, who has spoken out about the loss of the area’s pubs, said afterwards: “We’re disappointed about the demolition.But this is an investment in the area and will provide jobs for people, so there are a few plus points.”
The ground floor will become a ‘community hub’ including a café, credit union, small business units and public space.
Work is set to start in the new year and scheduled for completion in 2013.The pub has been vacant since 2003, when a first application to redevelop the building into high-rise flats was made.
Last week, a Lewisham Council planning committee approved plans by Phoenix Community Housing to knock down Catford’s Green Man pub.Taking the Bromley Road building’s place will be the association’s two-floor headquarters .
Secretary of Southend Residents Association John Grosvenor, who has spoken out about the loss of the area’s pubs, said afterwards: “We’re disappointed about the demolition.But this is an investment in the area and will provide jobs for people, so there are a few plus points.”
The ground floor will become a ‘community hub’ including a café, credit union, small business units and public space.
Work is set to start in the new year and scheduled for completion in 2013.The pub has been vacant since 2003, when a first application to redevelop the building into high-rise flats was made.
Wednesday, 23 November 2011
Lowestoft Pub for Sale, Suffolk
Freehold Pub For Sale In Lowestoft, Suffolk
Morning Star
Carlton Road
Lowestoft
Suffolk
NR33
Gross Site Area: 13716 sq/ft*
£ 350,000 + VAT
Freehold
LOCATION
Prominently positioned on the corner of Carlton Road & Kirkley Street, The Morning Star is within convenient distance of both the A12 and Central Lowestoft.
PROPERTY
The public house boasts a large and impressive frontage set within its own small slip-road. There is also a car park and beer garden to the rear.
FURTHER INFORMATION
Offered with vacant possession
Rateable Value: £10,500
Approx gross site area: 13,716 sq ft*
Approx ground floor foot plate: 2,688 sq ft*
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.
Suffolk Pub For Sale In Lowestoft
Durham Pub for Sale, County Durham
Freehold Pub For Sale In County Durham
LOCATION
The Travellers Rest public house is located on the corner of Alma Place and Dragon Lane. Durham railway station is situated 1.63 miles west of the site. The area is mainly residential although there are some commercial units close by. The A1M is within convenient distance.
PROPERTY
2 storey, semi-detached brick building occupying a corner plot or 1,752 sq ft*. There are single storey extensions to the rear. Ground floor is separated into 2 trading areas. There is a section with TV, sports and darts.
Private accommodation comprises 3 bedrooms, lounge, kitchen and bathroom.
FURTHER INFORMATION
Vacant possession
Development potential (STPP)
Approx gross site area: 1,752 sq.ft*
Approx ground floor foot plate: 1,462 sq.ft*
Rateable Value: £10,000
Unconditional offers are invited for our clients unencumbered interest.
County Durham Pub for Sale
Tuesday, 22 November 2011
UK Pub Sales News: Pubs remain a solid investment, figures show.
Pubs and restaurants continued to defy the gloom and remain a solid investment, figures from Coffer Peach's Business Tracker show.
Collectively, like-for-like sales between the two sectors rose by 0.9 per cent during October.
Peter Martin of Peach Factory, which investigated the sector in partnership with KPMG and UBS, said that figures in the hospitality trade continue to grow because the recession did not slow down people's desire to go out to eat and drink.
He added: “Quality is still the main factor in choosing where to go out, but value is becoming increasingly important, and with the cost of eating-in and eating-out narrowing in many parts of the market, it remains an attractive proposition even for those with families."
His comments follow on from advice given by All Party Parliamentary Beer Group, who said that the licensed trade is still very lucrative providing pub landlords are prepared to diversify their offerings, particularly for traditional pubs branching into serving food.
UK Pub Sales News
Collectively, like-for-like sales between the two sectors rose by 0.9 per cent during October.
Peter Martin of Peach Factory, which investigated the sector in partnership with KPMG and UBS, said that figures in the hospitality trade continue to grow because the recession did not slow down people's desire to go out to eat and drink.
He added: “Quality is still the main factor in choosing where to go out, but value is becoming increasingly important, and with the cost of eating-in and eating-out narrowing in many parts of the market, it remains an attractive proposition even for those with families."
His comments follow on from advice given by All Party Parliamentary Beer Group, who said that the licensed trade is still very lucrative providing pub landlords are prepared to diversify their offerings, particularly for traditional pubs branching into serving food.
UK Pub Sales News
Monday, 21 November 2011
Minehead Pubs Win Loo of the Year Awards
A Minehead pub has won acclaim for the quality and standards of its toilets.
The Duke of Wellington was awarded the highest possible rating at the annual Loo of the Year Awards.
The Wetherspoon pub, based in Wellington Square, received a maximum five-star rating at a recent unannounced inspection.
Toilets are judged against numerous criteria, including décor and maintenance, cleanliness, accessible facilities, hygiene equipment and overall management and customer care.
And pub manager Gavin Coughlin expressed his delight at the award.
“I am delighted with the award,” he said.
“Staff at the pub work hard to ensure that the toilets are in first-class condition at all times and it is great that this has been recognised by the inspectors.”
The annual awards are designed to highlight and improve standards of toilet provision in over 1,500 pubs across the UK.
Mike Bone, Managing director of Loo of the Year Awards 2011, added: “The toilets at The Duke of Wellington are extremely good and the pub deserves its five star rating.”
The Duke of Wellington was awarded the highest possible rating at the annual Loo of the Year Awards.
The Wetherspoon pub, based in Wellington Square, received a maximum five-star rating at a recent unannounced inspection.
Toilets are judged against numerous criteria, including décor and maintenance, cleanliness, accessible facilities, hygiene equipment and overall management and customer care.
And pub manager Gavin Coughlin expressed his delight at the award.
“I am delighted with the award,” he said.
“Staff at the pub work hard to ensure that the toilets are in first-class condition at all times and it is great that this has been recognised by the inspectors.”
The annual awards are designed to highlight and improve standards of toilet provision in over 1,500 pubs across the UK.
Mike Bone, Managing director of Loo of the Year Awards 2011, added: “The toilets at The Duke of Wellington are extremely good and the pub deserves its five star rating.”
Sunday, 20 November 2011
Birth of the Beer Sommelier
It’s a dispiriting experience familiar to anyone who has ever asked for beer in one of London’s many high-end restaurants. The wine list requires its own trolley and a pair of wheezing waiters to heave it around, but the beers available can be reeled off in two seconds by a curled-lipped sommelier. On offer are a couple of multinational brews and, if you’re lucky, a nod towards Britain’s burgeoning brewing sector in the shape of a fairly safe offering from the world of ale.
There are notable exceptions – some of them with Michelin stars – but they’re few and far between. The situation, however, appears to be improving if three dinners that took place in the capital this week are any guide. Garrett Oliver, the brewmaster at the Brooklyn Brewery and author of the recently-released Oxford Companion to Beer, held court at the Draft House on Tower Bridge Road on Monday and James Martin (above left), chef and television presenter, produced a beer and food matching dinner at the University of West London on Tuesday. Perhaps most interestingly of all, though, was a dinner at Brown’s Hotel in Mayfair on Monday to launch a new beer sommelier scheme.
Four men became the first accredited beer sommeliers as part of a project that, according to the Beer Academy’s Rupert Ponsonby (above, second from left), is intended to get restaurants to start taking beer seriously. “The intention is that they will be a catalyst for bringing in more people from the on-trade,” he says. “Already, Brown’s Hotel say they want people to do the course and to become beer sommeliers – even at the University of West London, they’re saying they want to try it. I think it’s going to light the blue touch paper.”
The four pioneers – all of whom have a background in beer – will not actually work as sommeliers but they’re intended to act as figureheads for the scheme as it evolves, Ponsonby says. In this respect British restaurants will be following in the footsteps of their counterparts across the Atlantic. Food and beer matching is one of Oliver’s pet subjects – he even wrote a book about it, the Brewmaster’s Table – and he points out how learning to match beer and food can improve people’s lives in a very simple way.
“I think that when you turn people on to those things [like pairing food with beer], you run into them a few years later and they’re so happy about this thing that you pointed out,” Oliver (below) says. “I often think that those things happen in a very small moment – like being a jazz fan because someone played you a [John] Coltrane record. On the other side of that door is a slightly better life.”
There are notable exceptions – some of them with Michelin stars – but they’re few and far between. The situation, however, appears to be improving if three dinners that took place in the capital this week are any guide. Garrett Oliver, the brewmaster at the Brooklyn Brewery and author of the recently-released Oxford Companion to Beer, held court at the Draft House on Tower Bridge Road on Monday and James Martin (above left), chef and television presenter, produced a beer and food matching dinner at the University of West London on Tuesday. Perhaps most interestingly of all, though, was a dinner at Brown’s Hotel in Mayfair on Monday to launch a new beer sommelier scheme.
Four men became the first accredited beer sommeliers as part of a project that, according to the Beer Academy’s Rupert Ponsonby (above, second from left), is intended to get restaurants to start taking beer seriously. “The intention is that they will be a catalyst for bringing in more people from the on-trade,” he says. “Already, Brown’s Hotel say they want people to do the course and to become beer sommeliers – even at the University of West London, they’re saying they want to try it. I think it’s going to light the blue touch paper.”
The four pioneers – all of whom have a background in beer – will not actually work as sommeliers but they’re intended to act as figureheads for the scheme as it evolves, Ponsonby says. In this respect British restaurants will be following in the footsteps of their counterparts across the Atlantic. Food and beer matching is one of Oliver’s pet subjects – he even wrote a book about it, the Brewmaster’s Table – and he points out how learning to match beer and food can improve people’s lives in a very simple way.
“I think that when you turn people on to those things [like pairing food with beer], you run into them a few years later and they’re so happy about this thing that you pointed out,” Oliver (below) says. “I often think that those things happen in a very small moment – like being a jazz fan because someone played you a [John] Coltrane record. On the other side of that door is a slightly better life.”
Saturday, 19 November 2011
Stoke Newington Pub for Sale, Greater London
Greater London Investment Property for Sale
Arundel Arms
Boleyn Road
Stoke Newington
Greater London
N16
Net Saleable: 8299 sq/ft*
£ 1,100,000
Freehold
The development is located on Boleyn Road at its junction with Shellgrove Road and is within easy reach of the superb range of elite shops, bars and restaurants of both Upper Street and Stoke Newington Church Street.
The nearest transport links are: Highbury & Islington Station (Victoria Line and National Rail) and Dalston Junction mainline Stations.
Planning permission has been granted for the demolition of existing public house and erection of a four-storey building comprising 9 flats (4x1 bed, 2x2 bed, 2x3 bed & 1x4 bed) together with 120 sqm. of A1 retail floor space and ancillary cycle spaces.
Both demand and resale values in the area are good.
Please note there is a Section 106 contribution and that this scheme is "car free"
London Site With Planning for Sale
Friday, 18 November 2011
Norwich Freehold Public House For Sale
Norfolk Pub for Sale, Norwich
West End Retreat
Browne Street
Norwich
Norfolk
NR2
Gross Site Area: 6607 sq/ft*
£ 200,000
Freehold
Public house/development land for sale subject to an occupational tenancy until Jan 2012 @ £13,484 pa. 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.
Approx ground floor foot plate: 1,357 sq ft* (of pub only)
Rateable Value: £5,750
Norwich Public house/development land for sale
Ipswich Brewery Tap pub issues own bonds to raise money
A pub in Ipswich is to issue its own bonds after failing to get bank loans, reports BBC Suffolk.
The Brewery Tap, on the waterfront, will sell the £500 bonds to customers, who will get a 10% discount on food and drink in return.
Mike Keen, landlord, said: "We would consider putting the pub on the market if we can't raise this money."
Peter Herd, an independent financial adviser, said any investors would have to consider the possibility they could lose their money.
Cable thieves
The landlord said he hoped to raise £20,000 and claimed he would start repaying bond holders their £500 from June 2012.
The pub said the bonds were effectively loans made to them by customers, who would get a financial return in the form of the 10% discount rather than as interest.
Mr Keen said the pub had broken even in October, but they had to improve cash flow.
He said they had lost money last year when thieves stole cabling from the derelict former Tolly Cobbold Brewery nextdoor, which meant the pub had to use an electricity generator for two months.
The landlord who took over the pub two years ago, said: "You hear the government banging on about how they're pressurising the banks to loan to small businesses to kick-start the economy, and it's just not working.
"Customers have said 'if you want a loan or anything let's do it', so now we've structured it into a proper deal.
The Brewery Tap, on the waterfront, will sell the £500 bonds to customers, who will get a 10% discount on food and drink in return.
Mike Keen, landlord, said: "We would consider putting the pub on the market if we can't raise this money."
Peter Herd, an independent financial adviser, said any investors would have to consider the possibility they could lose their money.
Cable thieves
The landlord said he hoped to raise £20,000 and claimed he would start repaying bond holders their £500 from June 2012.
The pub said the bonds were effectively loans made to them by customers, who would get a financial return in the form of the 10% discount rather than as interest.
Mr Keen said the pub had broken even in October, but they had to improve cash flow.
He said they had lost money last year when thieves stole cabling from the derelict former Tolly Cobbold Brewery nextdoor, which meant the pub had to use an electricity generator for two months.
The landlord who took over the pub two years ago, said: "You hear the government banging on about how they're pressurising the banks to loan to small businesses to kick-start the economy, and it's just not working.
"Customers have said 'if you want a loan or anything let's do it', so now we've structured it into a proper deal.
Thursday, 17 November 2011
Biggleswade Pub for Sale, Bedfordshire
Freehold Pub For Sale In Biggleswade, Bedfordshire
Brown Bear
Hitchin Street
Biggleswade
Bedfordshire
SG18
Ground floor footplate: 1841 sq/ft*
£ 275,000 + VAT
Freehold
LOCATION
The Brown Bear enjoys a prominent position in the small town of Biggleswade, situated just off the town centre of the main circuit into town and only a twenty minute drive from Bedford and surrounded by houses. The property is within easy walking distance of all local shops and amenities.
PROPERTY
The Brown Bear trades from one large open plan room on the ground floor with approximately 60 seats and a trade kitchen.
The first floor accommodation consists of 3 bedrooms, lounge, kitchen and domestic bathroom.
FURTHER INFORMATION
Vacant possession
Development potential (STPP)
Approx gross site area: 3,398 sq.ft*
Approx ground floor foot plate: 1,841 sq.ft*
Rateable Value: £7,300
Bedfordshire Pub for Sale
Pub Sector Business Failures on the Increase
Pub trade daily The Morning Advertiser reports that the number of businesses falling into administration in the licensed trade increased by more than one quarter between Q2 and Q3 2011, according to new down-beat figures from the Insolvency Service.
The number of pub and bar operators going into administration more than doubled, from six to 13, although there was one fewer administration among restaurant operators in the quarter (13).
Across the licensed trade, excluding hotels, administrations went from 23 in Q2 to 31 in Q3. Year-on-year comparatives were also bleak for the industry, with 27 administrations in Q3 2010.
There was also a rise in compulsory liquidations in the industry, with 68 in Q3 against 44 in the previous quarter. Meanwhile, the number of company voluntary agreements in the sector fell from 14 to seven between Q2 and Q3 2011.
Peter Cooper, partner at Baker Tilly Restructuring and Recovery LLP, said: “The latest insolvency statistics for the hotel and licensed sectors support our previous predictions. Challenging trading conditions have translated into a significant number of bar, nightclub, restaurant and hotel insolvencies in Q3, with wet led pubs and bars being particularly badly hit. As expected, there is some regional variation with the London markets holding up better than the provinces.
“As Christmas approaches and the prospects for a full scale economic recovery become less certain, the key issues for the sector will continue to centre around consumer confidence and spending power, restricted working capital availability and, as a consequence, the threat that businesses will not be able to absorb the impact of unforeseen events such as adverse weather.
"This may well lead to a greater number of insolvencies in Q4 2011 and Q1 2012.”
Story provided by StockMarketWire.com
The number of pub and bar operators going into administration more than doubled, from six to 13, although there was one fewer administration among restaurant operators in the quarter (13).
Across the licensed trade, excluding hotels, administrations went from 23 in Q2 to 31 in Q3. Year-on-year comparatives were also bleak for the industry, with 27 administrations in Q3 2010.
There was also a rise in compulsory liquidations in the industry, with 68 in Q3 against 44 in the previous quarter. Meanwhile, the number of company voluntary agreements in the sector fell from 14 to seven between Q2 and Q3 2011.
Peter Cooper, partner at Baker Tilly Restructuring and Recovery LLP, said: “The latest insolvency statistics for the hotel and licensed sectors support our previous predictions. Challenging trading conditions have translated into a significant number of bar, nightclub, restaurant and hotel insolvencies in Q3, with wet led pubs and bars being particularly badly hit. As expected, there is some regional variation with the London markets holding up better than the provinces.
“As Christmas approaches and the prospects for a full scale economic recovery become less certain, the key issues for the sector will continue to centre around consumer confidence and spending power, restricted working capital availability and, as a consequence, the threat that businesses will not be able to absorb the impact of unforeseen events such as adverse weather.
"This may well lead to a greater number of insolvencies in Q4 2011 and Q1 2012.”
Story provided by StockMarketWire.com
Wednesday, 16 November 2011
Colchester Pub for Sale, Essex
Freehold Pub For Sale In Colchester, Essex
Beer House
Magdalen Street
Colchester
Essex
CO1
Ground floor footplate: 1542 sq/ft*
£ 250,000 + VAT
Freehold
LOCATION
The property is on one of Colchester's main thoroughfares, Magdalen Road (A134) in Essex. Both Colchester Town Rail and Hythe Rail Stations are within walking distance.
PROPERTY
Two storey, detached freehold property suitable for any A1-A4 use. The property benefits from approximately 2,500sq.ft of outdoor space.
FURTHER INFORMATION
Vacant possession
Development potential (STPP)
Approx gross site area: 4,080 sq.ft*
Approx ground floor foot plate: 1,542 sq.ft*
Rateable Value: £5,200
Essex Pub for Sale, Colchester
Tuesday, 15 November 2011
Wymington Pub for Sale, Bedfordshire
Bedfordshire Pub for Sale
White Horse
High Street
Wymington
Bedfordshire
NN109LS
Gross Site Area: 6865 sq/ft*
£ 295,000 + VAT
LOCATION
Situated on the Northamptonshire/Bedfordshire border this charming detached public house in Wymington can be found on the High Street directly opposite South Grove. This village location is extremely convenient for easy access to the surrounding towns of Bedford, Rushden, Wellingborough and Northampton.
PROPERTY
This detached building is of stone construction under a tiled pitched roof. To the front is a car park and to the rear a reasonably sized rear garden.
FURTHER INFORMATION
Vacant possession
Development potential (STPP)
Approx gross site area: 6,865 sq.ft*
Approx ground floor foot plate: 1,251 sq.ft*
Rateable Value: £3,950
Freehold Pub For Sale In Wymington, Bedfordshire
Stella Artois the New Beer Partner For Birmingham NEC Group
InBev UK Limited, the UK trading arm of leading global brewer Anheuser-Busch InBev, is now the official beer partner for The NEC Group, which includes: the LG Arena, The National Indoor Arena, The National Exhibition Centre and The International Convention Centre. Anheuser-Busch InBev is brewer of global brands Stella Artois, Budweiser and Beck’s.
An exclusive Stella Artois Bar opened last month at the LG Arena to welcome the partnership. The deal also means InBev UK’s beers including Stella Artois, Budweiser, Beck’s and Boddingtons will be available to the four million annual visitors who attend events, conferences and exhibitions at the NEC Group’s venues.
The Stella Artois Bar is the main attraction in forumLIVE, the unique pre- and post-show entertainment zone at the LG Arena, one of Europe’s busiest live entertainment venues.
The sponsored bar is the biggest in forumLIVE and complements a range of established facilities such as restaurants, further bars, digital screens and music – plus the innovative fast pour pumps that can serve up an impressive six pints in seven seconds.
The Stella Artois bar completes the transformation of the LG Arena into a 21st-century entertainment experience following its £29million redevelopment and re-launch at the end of 2009.
An exclusive Stella Artois Bar opened last month at the LG Arena to welcome the partnership. The deal also means InBev UK’s beers including Stella Artois, Budweiser, Beck’s and Boddingtons will be available to the four million annual visitors who attend events, conferences and exhibitions at the NEC Group’s venues.
The Stella Artois Bar is the main attraction in forumLIVE, the unique pre- and post-show entertainment zone at the LG Arena, one of Europe’s busiest live entertainment venues.
The sponsored bar is the biggest in forumLIVE and complements a range of established facilities such as restaurants, further bars, digital screens and music – plus the innovative fast pour pumps that can serve up an impressive six pints in seven seconds.
The Stella Artois bar completes the transformation of the LG Arena into a 21st-century entertainment experience following its £29million redevelopment and re-launch at the end of 2009.
Monday, 14 November 2011
Punch Taverns Rent Hike Forces Pub Closure
A pub landlord says he may be forced to leave his business because the pub owners have hiked his rent up by 60 per cent, according to Bakewell Today.
Dave Mountford, who has run the Rising Sun in Middleton-by-Wirksworth for four years, said the increase by Punch Taverns, the biggest pub company in the UK, would leave him with less than £10,000 per year to look after his family.
Punch has asked for a rent increase from £15,000 to £25,000 in June next year.
Over the past three years, Mr Mountford said he had tripled drinks sales at the pub.
He added: “They now make £85,000 per annum from the pub while we make £20,000.“I was stunned when Punch announced an increase of 60 per cent.
“If the rent increases we will be left with around £10,000 a year to live on.
“I sat down and looked carefully at the figures they have provided and came to the conclusion they are inaccurate.
“We would not be able to stay if the rent went up. It would not be viable.”
Mr Mountford believes Punch has over-valued what he earns and had not included waste costs.
He contacted a list of 18 comparable pubs in the area provided by Punch.
“I phoned up these pubs and they nearly all said they are going out of business. A couple had just received eviction notices. The data showed they are paying much too much rent.”
Trade union GMB now plan to undertake a major survey of pub rents, incomes and costs.
A spokesperson from Punch Taverns said: “We have a Code of Practice that clearly outlines our ways of working and commitments to our licensees and explains what to expect when leasing a pub with Punch.
“The terms we have presented to Mr Mountford are in accordance with our Code of Practice and follow the Royal Institute of Chartered Surveyors’ guidelines. If we are unable to reach agreement with Mr Mountford, we will follow the provisions set out in our Code of Practice for dispute resolution.”
Dave Mountford, who has run the Rising Sun in Middleton-by-Wirksworth for four years, said the increase by Punch Taverns, the biggest pub company in the UK, would leave him with less than £10,000 per year to look after his family.
Punch has asked for a rent increase from £15,000 to £25,000 in June next year.
Over the past three years, Mr Mountford said he had tripled drinks sales at the pub.
He added: “They now make £85,000 per annum from the pub while we make £20,000.“I was stunned when Punch announced an increase of 60 per cent.
“If the rent increases we will be left with around £10,000 a year to live on.
“I sat down and looked carefully at the figures they have provided and came to the conclusion they are inaccurate.
“We would not be able to stay if the rent went up. It would not be viable.”
Mr Mountford believes Punch has over-valued what he earns and had not included waste costs.
He contacted a list of 18 comparable pubs in the area provided by Punch.
“I phoned up these pubs and they nearly all said they are going out of business. A couple had just received eviction notices. The data showed they are paying much too much rent.”
Trade union GMB now plan to undertake a major survey of pub rents, incomes and costs.
A spokesperson from Punch Taverns said: “We have a Code of Practice that clearly outlines our ways of working and commitments to our licensees and explains what to expect when leasing a pub with Punch.
“The terms we have presented to Mr Mountford are in accordance with our Code of Practice and follow the Royal Institute of Chartered Surveyors’ guidelines. If we are unable to reach agreement with Mr Mountford, we will follow the provisions set out in our Code of Practice for dispute resolution.”
Belhaven Brewery Hits out over Tennent’s Price Hike
A second pub company has raised concerns about the potentially “severe” impact of a proposed hike in the price of one of Scotland’s most famous beer brands.
Belhaven, which comprises 300 tenanted, leased and managed pubs in Scotland, said claims of an increase that could add 40p to the cost of a pint of Tennent’s Lager would be felt by customers and the licensed trade north of the Border.
Belhaven, which comprises 300 tenanted, leased and managed pubs in Scotland, said claims of an increase that could add 40p to the cost of a pint of Tennent’s Lager would be felt by customers and the licensed trade north of the Border.
Sunday, 13 November 2011
Southampton Freehold Building For Sale
Hampshire Investment Property for Sale
Plume of Feathers (delicenced)
St. Mary Street
Southampton
Hampshire
SO14
Ground floor footplate: 1661 sq/ft*
£ 275,000 + VAT
LOCATION
The building is 2storey semi-detached and is located on the busy St Mary Street which is predominantly commercial area. The property fronts the main road and the local market trading area. Southampton Rail station is 0.79 miles west of the site and the Bargate shopping centre and West Quay retail park are close by.
FURTHER INFORMATION
Vacant possession
Property is being sold delicenced
Development potential (STPP)
Approx ground floor foot plate / gross site area: 1,771 sq.ft*
Unconditional offers are invited for our clients unencumbered interest.
The property represents excellent potential for redevelopment (residential / commercial / mixed use) subject to gaining the appropriate Local Authority consents.
Freehold Building For Sale In Southampton, Hampshire
Saturday, 12 November 2011
Licensed Property News: BBPA plans to rid pubs of red tape lunacy
Existing landlords or people looking to buy a pub will be pleased to hear that the British Beer & Pub Association (BBPA) is urging the government to "stick to its guns" on planning reforms that will lead to a reduction in red tape for those seeking to make minor improvements to their premises.
At present public houses and breweries often have to endure long and costly delays when attempting to make often fairly small alterations.
But, at the same time as the BBPA submits evidence on the National Planning Policy Framework, the body is putting pressure on Westminster to follow through with proposed changes to the existing process.
BBPA chief executive Brigid Simmonds said the government is correct to pursue a reforming agenda as it is crucial to the UK’s growth and many jobs depend on it.
"We need a 'can do' culture from councils - and this means a presumption in favour of approving improvements or expansions of small and sustainable businesses like breweries or pubs, whilst of course taking on board legitimate development control concerns," she stated.
Last month Michelin Guide editor Rebecca Burr said that despite gloomy economic circumstances, the pub trade is still flourishing for many, adding “what recession?”
Licensed property news
At present public houses and breweries often have to endure long and costly delays when attempting to make often fairly small alterations.
But, at the same time as the BBPA submits evidence on the National Planning Policy Framework, the body is putting pressure on Westminster to follow through with proposed changes to the existing process.
BBPA chief executive Brigid Simmonds said the government is correct to pursue a reforming agenda as it is crucial to the UK’s growth and many jobs depend on it.
"We need a 'can do' culture from councils - and this means a presumption in favour of approving improvements or expansions of small and sustainable businesses like breweries or pubs, whilst of course taking on board legitimate development control concerns," she stated.
Last month Michelin Guide editor Rebecca Burr said that despite gloomy economic circumstances, the pub trade is still flourishing for many, adding “what recession?”
Licensed property news
Friday, 11 November 2011
Gobowen Pub for Sale,Oswestry, Shropshire
Shropshire Pub for Sale, Gobowen
Hart and Trumpet
Station Road
Gobowen, Oswestry
Shropshire
SY11
Gross Site Area
£ 200,000 + VAT
LOCATION
Located approximately 3 miles outside of central Oswestry the property lies opposite Gobowen Rail Station. The immediate surrounding area is predominantly residential.
PROPERTY
Large detached freehold property with large car park to rear. This former public house sits on a site measuring 0.8 acres offering good scope for development (STP).
FURTHER INFORMATION
Offered with full vacant possession
Development Potential (STPP)
Approx gross site area: 0.81 Acres*
Approx ground floor foot plate: 2,912 sq ft*
Rateable Value: £6,600
All unconditional offers are invited for our clients unencumbered interest.
The property represents excellent value for continued licensed use / owner occupation. There is also potential for redevelopment (residential / commercial / mixed use) subject to gaining the appropriate Local Authority consents.
Freehold Pub for Sale Gobowen Shropshire
The British Beer & Pub Association said the Great British pint keeps getting greener
The British Beer & Pub Association said the Great British pint keeps getting greener -– 25 per cent rise in energy efficiency adds to great record for UK brewers
• Energy efficiency up 25%, against a target of 20%
• £3m saving for UK brewers in Climate Change Levy payments
• Industry on target for a 67% reduction in carbon by 2020
• New CCA scheme must incentivise smaller brewers too, says BBPA’s Brigid Simmonds
The news that the UK brewing sector has exceeded its climate change targets in results published under the Government’s Climate Change Agreement (CCA). The British Beer & Pub Association (BBPA), which coordinates the brewing industry’s action to reduce CO2 emissions, says the results show the extent of the industry’s commitment to greener brewing and reductions in energy use.
The strong performance means brewers will save £3 million per year due to reduced Climate Change Levy payments. The BBPA is calling for the Government to ensure the future CCA scheme is affordable for small- and medium-sized brewers to join. This will maximise future carbon savings across the whole UK brewing industry.
• Energy efficiency up 25%, against a target of 20%
• £3m saving for UK brewers in Climate Change Levy payments
• Industry on target for a 67% reduction in carbon by 2020
• New CCA scheme must incentivise smaller brewers too, says BBPA’s Brigid Simmonds
The news that the UK brewing sector has exceeded its climate change targets in results published under the Government’s Climate Change Agreement (CCA). The British Beer & Pub Association (BBPA), which coordinates the brewing industry’s action to reduce CO2 emissions, says the results show the extent of the industry’s commitment to greener brewing and reductions in energy use.
The strong performance means brewers will save £3 million per year due to reduced Climate Change Levy payments. The BBPA is calling for the Government to ensure the future CCA scheme is affordable for small- and medium-sized brewers to join. This will maximise future carbon savings across the whole UK brewing industry.
Thursday, 10 November 2011
Liverpool Pub for Sale, Merseyside
Freehold Pub For Sale In Waterloo, Merseyside
Waterloo Tavern
Queen Street
Liverpool
Merseyside
L22
Gross Site Area: 10571 sq/ft*
£ 275,000 + VAT
Freehold
LOCATION
Situated in a residential area of Waterloo. Just off the main shopping area close to local amenities. Near to the local town hall.
PROPERTY
Large lounge area in excellent condition, fully refurbished about 3 years ago. Separate room that is ideal for small functions and occasions. Catering kitchen. Four bedrooms large lounge two bathrooms all of which are in good condition. Garden to the rear.
FURTHER INFORMATION
Vacant possession
Development potential (STPP)
Approx gross site area: 10,571sq.ft
Approx ground floor foot plate: 4,305sq.ft
Rateable Value: £19,250
Unconditional offers are invited for our clients unencumbered interest.
Freehold Pub for Sale London
Wednesday, 9 November 2011
Punch Taverns Look for Alternative Lager Suppliers
Major pub chain Punch Taverns has claimed the brewer of Tennent's lager is pushing prices up sharply reports BBC News.
Punch, which has 311 leased pubs in Scotland, has told landlords they should look to alternative lager suppliers.
It said it will absorb the increased price from 1 November, but only until early in the New Year.
After that, it said it would review supply prices and warned of increases to customers.
In a letter to publicans, Punch wrote: "We will limit (the rise) to whatever extent we can, but we expect the price for Tennent's lager to increase substantially following the review.
"To protect your profitability, we strongly recommend that you act now and take the opportunity to revise and extend your draught lager portfolio before the Punch wholesale price review takes effect."
John Healy, from Punch Taverns, told publicans other major national suppliers would be pleased to discuss options on other draught lagers.
He added: "We expect these alternatives to be competitively priced and well supported with promotional activity."
Punch, which has 311 leased pubs in Scotland, has told landlords they should look to alternative lager suppliers.
It said it will absorb the increased price from 1 November, but only until early in the New Year.
After that, it said it would review supply prices and warned of increases to customers.
In a letter to publicans, Punch wrote: "We will limit (the rise) to whatever extent we can, but we expect the price for Tennent's lager to increase substantially following the review.
"To protect your profitability, we strongly recommend that you act now and take the opportunity to revise and extend your draught lager portfolio before the Punch wholesale price review takes effect."
John Healy, from Punch Taverns, told publicans other major national suppliers would be pleased to discuss options on other draught lagers.
He added: "We expect these alternatives to be competitively priced and well supported with promotional activity."
Tuesday, 8 November 2011
Ashton-in-Makerfield Hotel for Sale, Wigan
Freehold Pub For Sale In Ashton-in-Makerfield, Greater Manchester
Cross Keys Hotel
Ashton-in-Makerfield
Wigan
Greater Manchester
WN4
Gross Site Area: 6439 sq/ft*
£ 200,000 + VAT
Freehold
LOCATION
The Cross Keys Hotel can be found on the corner of Golbourne Road and Dawber Street. The property is located under 2 miles from Bryn Railway Station and is in close proximity to the M6 Motorway.
PROPERTY
The property is a large detached, two storey brick built building. The Cross Keys Hotel has a garden to the rear and has parking available to the front of the property.
FURTHER INFORMATION
Vacant possession
Development potential (STPP)
Approx gross site area: 6,439sq.ft
Approx ground floor foot plate: 1,614sq.ft
Rateable Value: £6,600
Unconditional offers are invited for our clients unencumbered interest.
The property represents excellent value for continued licensed use / owner occupation. There is also potential for redevelopment (residential / commercial / mixed use) subject to gaining the appropriate Local Authority consents.
Wigan Hotel for Sale
Monday, 7 November 2011
Harlington Pub Granted Planning for Conversion
A pub with more than a century of history to its name is to be demolished- and turned into a Burger King, Starbucks, and Subway.
The White Hart, at Bath Road, Harlington, will become the latest pub this Autumn to shut its doors.
Both the Fox and Pheasant, and The Swan, in West Drayton, closed down last month.
The trio of big name franchises have been amalgamated by Euro Garages, one of the fastest growing private companies in the UK, looking to capitalise on the busy traffic travelling along the A4 Bath Road.
Hillingdon Council's planning committee called time on the pub at a meeting on October 19.
The White Hart, at Bath Road, Harlington, will become the latest pub this Autumn to shut its doors.
Both the Fox and Pheasant, and The Swan, in West Drayton, closed down last month.
The trio of big name franchises have been amalgamated by Euro Garages, one of the fastest growing private companies in the UK, looking to capitalise on the busy traffic travelling along the A4 Bath Road.
Hillingdon Council's planning committee called time on the pub at a meeting on October 19.
Sunday, 6 November 2011
Weymouth Pub for Sale, Dorset Hotel For Sale
Freehold Pub For Sale In Weymouth, South West
Brownlow Hotel
Ranelagh Road / Brownlow Street
Weymouth
Dorset
DT4
Gross Site Area: 4427 sq/ft*
£ 275,000 + VAT
Freehold
LOCATION
The pub can be found on the corner of Ranelagh Road and Brownlow Street a short stroll from Weymouths' Blue Flag beach and the Town Centre. Weymouth railway station is also within close proximity.
PROPERTY
The Brownlow Hotel is a large end of terrace property with rendered elavations under a pitched slate tiled roof. To the rear is a small walled garden and garages.
FURTHER INFORMATION
Vacant possession
Development potential (STPP)
Approx gross site area: 4,427sq.ft
Approx ground floor foot plate: 2,450sq.ft
Rateable Value: £5,750
Unconditional offers are invited for our clients unencumbered interest.
The property represents excellent value for continued licensed use / owner occupation. There is also potential for redevelopment (residential / commercial / mixed use) subject to gaining the appropriate Local Authority consents.
Dorset Hotel for Sale,Weymouth
Saturday, 5 November 2011
Pub campaigners welcome parliamentary motion to free pubs from tie
Pub campaign groups have welcomed calls for MPs to back a parliamentary motion on the Government to free landlords from restrictive tied arrangements imposed by pub companies, reports Caterer Search.
The Forum of Private Business warned that the voluntary industry codes of practice introduced in recent years were not working and many pub companies still had a hold over their tenants, who often found themselves tied into unfavourable contracts and subsequently struggle to control costs.
It has now urged ministers to support the Early Day Motion (EDM), tabled by Greg Mulholland MP, chairman of the Parliamentary Save the Pub Group, which calls on ministers to embrace recent recommendations made by the Business Innovation and Skills (BIS) Committee on Pub Companies.
The committee recommended that the Government introduces a statutory code of practice, including a condition that over a period of time all new lessees should be offered a free-of-tie lease with an open market rent review based on Royal Institute of Chartered Surveyors' guidance.
The EDM, which pushes for a consultation timetable outlining how the proposed reforms would be implemented, points out that twice as many tied pubs are closing as free-of-tie pubs, and calls for a guest beer option for lessees who choose to remain within tied arrangements.
The Forum of Private Business warned that the voluntary industry codes of practice introduced in recent years were not working and many pub companies still had a hold over their tenants, who often found themselves tied into unfavourable contracts and subsequently struggle to control costs.
It has now urged ministers to support the Early Day Motion (EDM), tabled by Greg Mulholland MP, chairman of the Parliamentary Save the Pub Group, which calls on ministers to embrace recent recommendations made by the Business Innovation and Skills (BIS) Committee on Pub Companies.
The committee recommended that the Government introduces a statutory code of practice, including a condition that over a period of time all new lessees should be offered a free-of-tie lease with an open market rent review based on Royal Institute of Chartered Surveyors' guidance.
The EDM, which pushes for a consultation timetable outlining how the proposed reforms would be implemented, points out that twice as many tied pubs are closing as free-of-tie pubs, and calls for a guest beer option for lessees who choose to remain within tied arrangements.
Friday, 4 November 2011
Bury St Edmunds Pub for Sale, Suffolk
Freehold Pub For Sale In Pakenham, Suffolk
The Fox
Pakenham
Bury St. Edmunds
Suffolk
IP31
Gross Site Area: 1.64 acres*
£ 275,000 + VAT
Freehold
LOCATION
Located in a predominantly residential area, the Fox can be found on The Street in the town of Pakenham. The property is just a few miles outside of Bury St Edmunds.
PROPERTY
Large detached two storey building sitting on approximately 1.6 acres. The Fox benefits from a good sized car park to the side and out-buildings to the rear in addition to an extremely large garden.
FURTHER INFORMATION
Vacant possession
Development potential (STPP)
Approx gross site area: 1.644 acres
Approx ground floor foot plate: 2,432sq.ft
Rateable Value: £5,600
Unconditional offers are invited for our clients unencumbered interest.
The property represents excellent value for continued licensed use / owner occupation. There is also potential for redevelopment (residential / commercial / mixed use) subject to gaining the appropriate Local Authority consents.
Freehold Pub for Sale, Bury St Edmunds, Suffolk
Thursday, 3 November 2011
UK Pubs Still Hit Hardest By Beer Tax
Pubs, rather than supermarkets and off licences, are still the hardest hit by beer tax rises reports the Caterer.
That's according to new research from the British Beer and Pub Association (BBPA) in its third quarter Beer Barometer.
The Barometer showed pub beer sales down 4.3% from July to September, compared with the same period last year. Despite that, total beer sales rose by 1.6% thanks to increased sales in the off-trade, although beer sales in the same period a year before were particularly weak as a result of surplus stocks being run down following the Football World Cup.
The drop in pub beer sales is the equivalent to 45 million fewer pints sold over the quarter compared with last year, or 488,000 fewer per day. While the rate of decline is slowing, it has not bottomed out.
The BBPA blamed rising beer taxes at a time when real disposable incomes have fallen.
Brigid Simmonds, chief executive of the British Beer & Pub Association, said: "It is good to see some growth in the beer market overall, and we are seeing some new pubs opening, with successful operators innovating, and broadening their offer to consumers.
"However, there is no doubt that pubs continue to bear the brunt of Britain's punitive tax policies on beer. We've seen beer tax rise by 35% since March 2008, with Britons now paying an astonishing 40% of all the beer taxes collected in the entire European Union. This is still shutting pubs and costing jobs, in a sector that could create growth in the economy.
That's according to new research from the British Beer and Pub Association (BBPA) in its third quarter Beer Barometer.
The Barometer showed pub beer sales down 4.3% from July to September, compared with the same period last year. Despite that, total beer sales rose by 1.6% thanks to increased sales in the off-trade, although beer sales in the same period a year before were particularly weak as a result of surplus stocks being run down following the Football World Cup.
The drop in pub beer sales is the equivalent to 45 million fewer pints sold over the quarter compared with last year, or 488,000 fewer per day. While the rate of decline is slowing, it has not bottomed out.
The BBPA blamed rising beer taxes at a time when real disposable incomes have fallen.
Brigid Simmonds, chief executive of the British Beer & Pub Association, said: "It is good to see some growth in the beer market overall, and we are seeing some new pubs opening, with successful operators innovating, and broadening their offer to consumers.
"However, there is no doubt that pubs continue to bear the brunt of Britain's punitive tax policies on beer. We've seen beer tax rise by 35% since March 2008, with Britons now paying an astonishing 40% of all the beer taxes collected in the entire European Union. This is still shutting pubs and costing jobs, in a sector that could create growth in the economy.
Brighouse Pub for Sale, West Yorkshire
Freehold Pub For Sale In Bridgehouse, West Yorkshire
Robin Hood
Wakefield Road
Brighouse
West Yorkshire
HD6
Ground floor footplate: 1458 sq/ft*
£ 175,000 + VAT
Freehold
LOCATION
The Robin Hood Public House can be found on Wakefield Road in Brighouse, West Yorkshire. The property is located under half a mile from Brighouse Railway Station offering excellent transport links.
PROPERTY
A two storey brick building
FURTHER INFORMATION
Vacant possession
Development potential (STPP)
Approx gross site area: 1,807 sq.ft*
Approx ground floor foot plate: 1,458 sq.ft*
Rateable Value: £4,400
Unconditional offers are invited for our clients unencumbered interest.
West Yorkshire Pub for Sale
Wednesday, 2 November 2011
Pub Redevelopment in Yorkshire
The Yorkshire post reports on concerns raised over new plans to convert a historic pub in Leeds into flats.Leeds City Council has received an application to turn the Kings Arms, on Stocks Hill in Holbeck, into eight flats.
The building, which has been empty for around three years and has had problems with vandalism, is Grade Two listed by English Heritage for its “special architectural or historic interest”. It was built more than 100 years ago.
The application said the proposals were for “quality designed, self-contained, affordable” flats.There would be four with two bedrooms, three with one bedroom and a studio flat.
It said the proposed changes to the building were “insignificant” and added: “The proposals still retain the character of the existing building and the surrounding area and all materials specified are to match existing.”
But The Campaign for Real Ale (CAMRA) wants to see the Kings Arms retained as a pub.
John Thornton, pub preservation officer for the Leeds branch, said: “I’m totally against the idea.“It’s a Grade Two listed building, it’s a public house and that’s its intended use.
The building, which has been empty for around three years and has had problems with vandalism, is Grade Two listed by English Heritage for its “special architectural or historic interest”. It was built more than 100 years ago.
The application said the proposals were for “quality designed, self-contained, affordable” flats.There would be four with two bedrooms, three with one bedroom and a studio flat.
It said the proposed changes to the building were “insignificant” and added: “The proposals still retain the character of the existing building and the surrounding area and all materials specified are to match existing.”
But The Campaign for Real Ale (CAMRA) wants to see the Kings Arms retained as a pub.
John Thornton, pub preservation officer for the Leeds branch, said: “I’m totally against the idea.“It’s a Grade Two listed building, it’s a public house and that’s its intended use.
Tuesday, 1 November 2011
Castleford Pub for Sale, West Yorkshire
Leasehold Pub for Sale Castleford
Sandmartin
Pemberton Road
Castleford
West Yorkshire
WF10
Gross Site Area: 32796 sq/ft*
£ 25,000 + VAT
Leasehold
Lease length: Short leasehold until 2071 @£2750 pa
Approx ground floor foot plate: 6,114 sq ft*
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.
West Yorkshire Pub for Sale, Castleford
Subscribe to:
Posts (Atom)
