March/AprilMay/June 20082008

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Page 8 Page 10 Page 19 Page 24 Register Close Advance 16 prime 18 for Investments notice town managed Fleurets’ – nine centre houses for Buyer Alert freeholds sites sale Conflicting quangos provide little support for the hospitality industry

Bob Cotton Chief Executive, British Hospitality Association

The government tourism, for which they are spent over responsible in their region? With £167bn on dramatic – and incomprehensible – more than 900 differences in the level of support quangos in and funding for tourism by each 2007 – up from RDA, what remains is confusion £79bn three and lack of coordination. It is years previously. claimed that RDAs spend some Even in the last £50m every year on promoting year alone, 30 new ones have been tourism, both domestically and introduced. Out of the total, £4.6bn overseas, yet this is surely what was spent by the Department of VisitEngland and VisitBritain have Culture, Media and Sport though been set up to do, as well. precious little of this was spent on tourism. Indeed, of the quangos for Why the duplication? Why is the which the DCMS is responsible, south-west competing against the VisitBritain’s grant is now being north-east, for example, to attract reduced by 20 per cent after eight domestic visitors when a co- years in which the level of funding ordinated England-wide campaign stayed the same – an effective cut, we have to deal with. There are regulatory interest in the industry, by VisitEngland would have far taking inflation into account. Not many more, ranging from the nine some more directly than others. greater impact and achieve far more much support there. Regional Development Agencies to success? Why not put all the the Food Standards Agency, from What benefit has the industry available funding into one basket, so In the tourism and hospitality arena, the Health and Safety Executive to gained from all this effort and that the two central organisations it’s not just VisitBritain – whose English Heritage the School Food expenditure? In tourism, very little. can promote the country coherently purpose and objectives are well Trust. These are just a small For example, what benefits have known and well supported – that selection of those that have a the RDAs brought to bear on continued on page 6  Bar Sport to take advantage of current climate

Sports bar operator, Bar Sport, is Murray, who owns and operates the “actively looking to take advantage four sites, claims that, “If you of the current economic climate,” understand today’s opportunities according to owner Scott Murray. and your business model is right, Bar Sport was founded by Scott now is the time to grab the market Murray; a former amateur boxing aggressively and implement growth champion from the Midlands. In plans.” 1998 Scott opened the first of the Bar Sport concepts in Cannock, “We’ve spent a great deal of time before adding sites at Rugby, Walsall and most recently, Loughborough. continued on page 6  Hotels 11 Restaurants 17 Pubs 23 Leisure 47 Ŕ:LWK\RXIURPVWDUWWRƂQLVKŕ “Other agents farm out instructions to support staff but when market appraisal there and then - and advice on marketing you deal with Fleurets and I’m your agent, then I’ll take you I\[0»SSVUS`[HRLVUHWYVWLY[`0ÄYTS`ILSPL]L0JHUZLSS through the whole process. I’ll start by asking questions about your property and your business. Before a visit I’ll >LILSPL]L[OH[V\YTHYRL[PUNYLZV\YJLZPUJS\KPUNÅL\YL[ZJVT prepare a pack of comparable sales in your area: there’s no and On market our listings paper - are valuable tools for bigger database of leisure and hospitality sales and rentals marketing your property. If it’s the right thing to do, we can in the UK. HWWYVHJOWV[LU[PHSI\`LYZJVUÄKLU[PHSS`0»TOLYL[VHK]PZL you through the whole process, including liaising with your When I come and see you, we’ll look over the property and solicitor, once the right buyer has been found. I don’t stop discuss your business and accounts. I can’t have too full an working for you until your sale has completed.” understanding of your priorities and the opportunities for the property. With all this information, I’ll be able to give you my Lesley Watmough, Manchester

London ;     SVUKVU'ÅL\YL[ZJVT North West ;     THUJOLZ[LY'ÅL\YL[ZJVT North T01132340304 SLLKZ'ÅL\YL[ZJVT Midlands ;    IPYTPUNOHT'ÅL\YL[ZJVT West & South Wales T01179238090 IYPZ[VS'ÅL\YL[ZJVT South ;  IYPNO[VU'ÅL\YL[ZJVT East Anglia ;   Z\KI\Y`'ÅL\YL[ZJVT ÅL\YL[ZJVT On market | May/June 2008 3 Market commentary In this Can’t see the issue opportunity Market commentary for the gloom? Simon Hall Director, Fleurets North Hotel performance 4 From tenant to owner 4 Fleurets’ promotions 5 ‘Lifestyle Shifters’ 5 John Torode opens new restaurant 6 Confidential v open marketing 7 Fleurets launch new website 8 Who’s buying hotels? 9 To sell or let? 9 Advance notice – nine freeholds 10 Hotels open for business? 11 Hotels – profit or rent? 11 Many restaurants prospering! 17 With so much negative press over Are closed pubs the course of the last 9 months or so, it is understandable why so a loss? 23 many operators seem to be consumed with navel gazing. But corporate operators and Property private individuals alike should not be blind to the great opportunities Hotels 12 that exist in today’s market place for the people who can perform. Restaurants 18 Pubs 24 For years, individuals have largely been unable to secure Leisure 47 the best sites because the deeper pockets of the corporate world would beat them to it and out bid them. Many corporate operators have also been frustrated as others have cranked up the price/rent to secure a site (actions which some are now paying the price for). But now, more than at pretty much any time in the last 15 years, it is a buyers market and opportunities are a plenty. From hotels and restaurants to high street and community pubs, there are great deals to be had for all purchasers. Fleurets On market Published bi-monthly by Fleurets Ltd. Yes there is uncertainty in the market, but there has 4 Roger Street, London WC1N 2JX always been uncertainty, that is what operating a Enquiries: Sue Harris business is all about; risk and reward. Previously we have T 020 7280 4700 had risk/uncertainty about new competition and/or a E [email protected] down turn in the economy. Now we have the uncertainty Advertising: Paul Endersby of when the economy will pick up (as certainly it will). The T 01444 400062 danger is that if opportunists leave it too late, they will try E [email protected] to enter the market again when everybody else does, Website: and sites will dry up. fleurets.com/onmarket © 2008 Fleurets Ltd. Perhaps now is the time to buy and expand when the opportunities are there to do so. 4 On market | May/June 2008 Market commentary Hotel performance

Paul Hardwick Divisional Director, Fleurets London

HotStats, Rates however increased, both in overseas residents’ visits to the UK regarding international travel and produced by London and provincially, and as a in 2007, not seasonally adjusted, ‘carbon footprints’, this is likely to TRI Hospitality result UK Room Revpar achieved increased by only 1% on the increase over coming years, which Consulting, 4.7% growth, improving achievable previous year. This compares with should have a positive impact on UK provide key gross operating profits. Overall, the 9% increase experienced in hotel performance. performance these figures are a little gloomier 2006, 8% in 2005 and 12.3% in statistics for than those published for UK Hotels 2004. The number of visitors from Putting aside for the moment the a sample of for the 12 months to December North America fell by circa 11%, much publicised doom and gloom chain hotels. 2007, which show UK occupancy at although those from Europe relating to factors such as the ‘credit A summary of the published figures circa 75%, Room Rates at £88.20 increased by circa 5%. Whilst these crunch’, reduced consumer for February 2008 is set out below. and Room Revpar at £66.51, figures show a distinct slow down in spending, declining residential although February is considered by growth in visitor numbers, the total values, recession, etc. what do the Occupancy rates for chain hotels in many to be one of the worst trading number of visits in 2007 (32,880) simple facts set out above tell us? London showed growth compared periods of the year. was a record, some 36% higher with the same month in the previous than in 2002. Furthermore, domestic UK visitor numbers are continuing to year, although a decline was According to the Office of National tourism should not be forgotten as, increase, although growth is slower experienced provincially. Room Statistics, the total number of given environmental concerns than has previously been the case. The number of visitors from North London Provincial UK America has fallen, but visitors from elsewhere, particularly Europe, have 2007 2008 Change 2007 2008 Change 2007 2008 Change risen. Domestic tourism is likely to increase. Hotel performance is still in Occupancy 77.9% 78.5% 0.6 Pts 69.2% 68.8% -0.4 Pts 72.1% 72.1% 0.0 Pts growth, albeit at a slower rate that is Room Rate £107.05 £114.54 7.0% £70.97 £72.74 2.5% £84.21 £88.23 4.8% room rate, not occupancy, driven. Room Revpar £83.34 £89.89 7.9% £49.10 £50.04 1.9% £60.75 £63.60 4.7% It tells us that the outlook for hotels Room Rate: Total bedroom revenue for the period divided by the total bedrooms occupied during the period. is still good, just not perhaps as Room Revpar: Total bedroom revenue for the period divided by the total available rooms during the period. good as it has been in recent years. From tenant to owner

Cameron Campbell Divisional Director, Fleurets London

The fact that as a sitting tenant, you will All tenants, if presented with this bring. Further information can be rationalisation already own the fixtures and fittings opportunity, should seriously obtained by contacting your local being and the goodwill of the business. consider the benefits that it might Fleurets Office. undertaken by Therefore, what you are the tenanted seeking to purchase is pub company purely the freehold of the operators is property. At Fleurets we leading to have worked with a It’s a simple 6-step process increased specialist finance broker to numbers of freehold public houses the licensed trade, to will: We need you to: being placed on the market for create a model that enables 1 individual sale. tenants to secure 100% of the purchase price of the Where as in years gone by, these freehold property on a loan 2 properties were always grouped arrangement. When taking together in package disposals, the into account the rent paid, 3 cooling of the market is seeing increased wholesale income vendors seek individual disposals. In after being released from the many cases, this is leading to a level tie, as well as an increased 4 of opportunity barely seen since share in machine income, Make the most 1989 for tenants to buy the freehold the saving can quite often of your income 5 the freehold interest in of their public house. considerably exceed the An opportunity to purchase ssibility of 100% funding your pub & home with the po mortgage repayments. This 6 The opportunity for tenants to would leave the tenant in a This of fer is pro purchase the freehold of their pubs position where they actually vided by can produce an extremely positive make more money out of the and result even if they have limited or operation, at the same time no cash available for the deposit. repaying the loan to purchase the property outright over a The principle revolves around the period of years. On market | May/June 2008 5 Market commentary Fleurets appoint three new Divisional Directors Fleurets announce the Commenting on the appointments, Martin West office and Chris Irving, out of the firm’s Willis, Fleurets Joint Managing Director said: West & South Wales office. appointment of three new “They are all long serving, very well respected Divisional Directors. members of the firm and through their Commenting on her promotion, Lesley promotion the board is entrusting them with Watmough said: “I’m obviously delighted with greater influence over the direction of the my appointment. It further underlines the Nick Earee, Lesley Watmough business. Each of the three concerned has opportunities that exist within the firm to shown great commitment in serving both their progress, and progress quickly. I’m looking and Chris Irving will assume clients and the organisation.” forward to the challenge the new role brings and Divisional Director responsibility whilst I’ll not be giving up any of my day-to-day Nick Earee operates out of the Fleurets South duties, I’m keen to set to work with my fellow with immediate effect. office; Lesley Watmough, out of the firm’s North Divisional Directors.”

Nick Earee Divisional Director Lesley Watmough Divisional Chris Irving Divisional Director Fleurets South office Director Fleurets North West office Fleurets West & South Wales office ‘Lifestyle Shifters’ still attracted to the licensed trade

Chris Irving Divisional Director, Fleurets West & South Wales

It’s fair to say that certain areas of acquired licensed properties, hotels the UK still attract a number of and pubs, in popular coastal towns what we call ‘Lifestyle Shifters’, for conversion to residential. With those people looking to escape to many new schemes still the country and discover a new life. undeveloped and an uncertain Though we have seen this type of residential market the demand enquiry reduce in number of late, from developers has reduced. probably due to the credit crunch Whilst the market is quieter than and slowdown in residential this time last year, I think there is property sales, which reduce reason for optimism. If it is true that purchasers ability to proceed. people have less money to spend on holidays, restricting foreign travel An example of a sale to a party and indeed, individuals conscious relocating from the South East is of the environment looking to the Bradworthy Inn, Bradworthy, reduce their carbon footprint, I think Devon, which was sold off an we could well see tourism to the asking price of £550,000. area increase – with those operating licensed premises Bradworthy Inn, Bradworthy, Devon – Freehold SOLD off an asking Developers have traditionally enjoying the benefits. price of £550,000 6 On market | May/June 2008 Market commentary

John Nevett John Torode to open Head of Hospitality & Leisure Team, London Commercial Banking, restaurant at Spitalfields RBS The area between Bishopsgate and for its weekend vibrancy but this Street that he had identified was Leisure team for London, and it Commercial Street in the City of area has now become a destination formerly the Flower Market supported his work in formulating London once housed the Spitalfield for locals both in the evenings and building and was at the time only a structure for the funding of the fish market. the weekend. partly let out in preparation for the development. development of the Eastern end of Following its closure John Torode, who runs the former market. With refurbishment work now in some years ago it has the highly successful full flow it is expected that the been the scene of a lot Smiths of Smithfield in The space and location, however, restaurant will open in October. of redevelopment and London and presents was excellent and some stunning in recent times has BBC’s Masterchef saw designs were developed by United Commenting, John Nevett said: built up a very strong an excellent opportunity Designs to build a three storey “In a project such as this it is reputation as a lively there and he turned to restaurant with basement important that the whole team has place to go to for John Torode his Bankers, The Royal speakeasy to be called The Luxe. a clear understanding of the project eating out; attracting a Bank of Scotland to goals, not only the construction lot of the local city workers. assist in turning the dream to reality. A valuation was commissioned team but all the professionals from Fleurets by John Nevett, who including Fleurets who are helping In the past, the city was not noted The island site facing Commercial runs the RBS Hospitality and to bring it alive”.

Bar Sport continued from page 1 closing at pace – if Hospitality continued from page 1 we’re to believe the getting the infrastructure right and stats – operators need at home and overseas? In any case, with the recent appointment of to look at this as an why do the RDAs attempt to entrepreneur and ex-managing opportunity. Surely this promote their region overseas when, director of First Choice Retail, John shift means that we to do this properly, VisitBritain has all Donnelly, as non-exec chairman of have a pool of the expertise and experience the group, we feel we have the experienced and trained required – but not the funding? backroom staff to make our growth staff that require jobs plans a reality,” said Murray. and as long as we Where is the joined-up make the working Murray and his team have identified environment a good thinking in this? over 30 key parts of the country one, we should be able This is just the tip of the iceberg. that would suit a Bar Sport to attract them. After all, There are just too many examples of operation and plan to open at least for businesses to be conflicting advice and instructions six new major sites over the next successful, we need given by different quangos. For three years. great staff.” example, in old and listed buildings, Looking ahead, Scott while Health and Safety officials may Murray added: “Much of the talk in can see nothing but insist on one course of action, ours, and the wider UK industry growth for his brand English Heritage may insist on a has focused on the ‘credit crunch’, and told On Market of diametrically opposite course. but I think businesses need to take his plans to oversee time to look at ensuring their the opening of 100 At the Oval, there are plans to build a offering is right – those that don’t, franchises in the next 3 170-room hotel in time for the 2019 are likely to fall foul of what can be – 5 years: “Franchising Cricket World Cup. Planning a tough marketplace.” Murray is something that we’ve permission has been given but the added: “With the help of Fleurets, considered doing for HSE is now claiming that the famous we are searching for sites between some time, but like launching a new along the way.” Murray added: gas holder is too close to the 5-10k sqft, in the areas we have licensed venue, you need to make “The experience John Donnelly proposed hotel – even though there identified as ripe for sure you get the brings with him will be vital to our are hundreds of houses and growth and the offering just right. role-out. John introduced Harvey business equally near. If the danger implementation of the There’s a great deal of World Travel, the largest Travel of the gas holder is sufficiently serious Bar Sport concept. talk about franchise in Franchise in the Southern to stop building a hotel, why not The speed of our this industry, but Hemisphere, into the UK, evacuate the whole area? How can growth plans will be truthfully, there are very developing over 100 stores and cricket be played at the Oval at all? aided by Fleurets and few ‘actual’ classic managing the joint branding the accessibility of franchises in this between them and Virgin Holidays. It is interventions and regulations like sites; furthermore, the market. What we are For us, coupled with the this that frustrate businesses and current climate means doing will provide the management team, one of the impede the industry’s development. that we’ll be paying franchisee with a tried most important aspects will be Quangos cost too much money, are prices below that Scott Murray and tested formula and getting the right business partners. relatively unaccountable, and deliver expected last year.” the benefit of our Bar Sport has built up an excellent little of substance. Most should be experience, before agreeing to work reputation for success, growth and disbanded. It’s not just lower property prices together. If the proposal looks right, expansion – the right franchise that appeal to Scott at this time, he we’ll work closely with that partners on board will ensure future claims that: “With some pubs being individual to build a significant growth can be exponentially purchased for conversion into business, providing branding greater than through organic residential property and others support and operational advice development alone.” On market | May/June 2008 7 Market commentary Confidential v open marketing

Graham Campbell Senior Surveyor, Fleurets London

When it comes employees. When a business is to the sale of openly marketed for sale, staff a commercial morale can quickly go into business, freefall, and with it, the customer either an goodwill that may have been built individual up over a long period. Moreover, property or staff fearful for their own a larger future will understandably feel corporate disenfranchised, with the best staff transaction, many clients often and managers open to approach favour a more discreet and by the competition. Alternatively confidential approach rather than they may choose to exercise adopt a full open market campaign, control and leave on terms of their but is this the best way? own choosing.

On initial consideration, an open In the Licensed market, where campaign would seem the most the worth of a business is to a logical and efficient approach; after large degree determined by its all, the retained agent can profitability, a decline in profits will advertise in the local or be equally reflected trade press, place a primary in the asset value. board on the property consideration Purchasers witnessing and has the freedom to a combined decline in approach agents and is the profit levels and the the general market protection of erosion of goodwill alike, in order to place during the sale the business in front of the business, process are afforded the widest possible both in terms an easy excuse to number of potential of profit and renegotiate the agreed purchasers. value purchase price. Why then do so many This is particularly the individuals and companies in case with leasehold businesses, particular seek to dispose of where finding a buyer at the right their property interests in a price is only the beginning and confidential manner? What are achieving an exchange and the justifications and benefits of completion can often be a long this approach? and drawn out affair. The legal process and the requirement There are a number of reasons for landlord’s consent to an why confidential marketing is so assignment may take several popular with many vendors. The months and what may on first reputation of their own individual inspections, but there is a limit to primary consideration is the inspection be an apparently safe pub/restaurant chains. the number and nature that can be protection of the business, both in and secure deal can often flounder, sustained. It is important therefore terms of profit and value, requiring resulting in the vendor exposed to Beware! The principle risk with a that the agent screens potential the retention and motivation of staff the inevitable fallout. confidential sale is maintaining the buyers, interviews them to but also often the desire to protect confidentiality itself. This can be ascertain their financial covenant a brand identity. So in some cases, there is a clear done through entering into formal and their overall desire and ability benefit to a vendor ensuring legal agreements with interested to deliver on the deal. A publicised sale of a highly confidentiality is maintained, not parties or more informally through profitable just to retain the direct management of potential The benefits of a business and staff and purchasers, by the agent and the the widespread motivational client in consort. confidential marketing knowledge that levels, but more approach are clear and it is on the importantly to Despite having taken the whilst it could appear market can, underpin the necessary precautions a sale can in some profitability and perhaps never be truly confidential. to fetter an agent and cases, have value of the A combination of the market and their ability to sell a a detrimental business human nature often results in Contact your local Fleurets office property, a good agent impact on throughout the managers and staff picking up should be adept at day-to-day sale process. on many of the tell tale clues, profits. The particularly if they have been finding the right buyer relationship between staff morale A second important consideration through the process before. It is for at the right price and business profit should not be for vendors, particularly in the example difficult to allow formal through utilising their underestimated, with the success corporate environment, is the inspections – customer inspections of any business closely linked to desire to maintain confidentiality to are the norm – these can be many established the quality and motivation of its protect an individual brand and the disguised as landlord or rating contacts. 8 On market | May/June 2008 Market commentary No time to stand still as Fleurets launch new website

Julie Footner IT Manager, Fleurets London

After a period of consultation with users of our hugely successful website, promote the sale of licensed property for our clients and provide we have worked with our website designers to come up with a fresh look for people looking to enter the trade fleurets.com with a wide range of information on the licensed property sector.”

“In fact, in a recent piece of research, we found that 40% of buyers came from fleurets.com, so it’s little wonder we spend so much time and effort making it the very best it can be.”

Julie added: “In addition to the physical look of the website, we have made substantial investment to the ‘back end’ of the site, ensuring that it maximises exposure on the search engines and ultimately, publicises our clients’ properties to the very maximum. With so much information available to people, these improvements ensure that Fleurets stay at the head of the industry.”

New additions to the site include detailed information on our professional services team, as well as a wealth of market intelligence and free advice for those looking to buy, sell or let licensed and leisure property.

As part of our continuous improvement, we welcome your The transformation has been made nightclub properties currently for manager at Fleurets said: feedback. Please get in touch with to make it easier for users to view sale or to let through Fleurets. “Increasingly, the website has your local office if you have any the hundreds of hotels, become a more and more comment that can improve the restaurants, pubs, leisure and Commenting, Julie Footner, IT important resource for us, both to service we offer you.

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If you are not registered with fleurets.com, registration only takes a few moments and allows you to not only receive Buyer Alert, but to also view the sales particulars of all properties currently available. On market | May/June 2008 9 Market commentary Who’s buying hotels? Michele Boden Negotiator, Fleurets London

The hotel market is a diverse offices and health care. The to the appropriate group or groups covering all of these sectors. property sector that attracts a popularity of brand franchise and of purchasers, albeit ensuring that much wider audience than it did, management agreements are all wider opportunities are covered. Achieving the right price for your say 5 years ago. The primary further widening the scope in this property in the optimum time frame market players comprise private property sector as greater options If you are considering a sale of your is not simply a matter of placing an individuals looking for their first are available to existing hotel hotel you must be confident that advert in the trade press! On the business, private purchasers owners beyond a simple letting or the agent you are instructing is able contrary, almost 90% of all buyers seeking to develop small chains, outright sale. to demonstrate that they not only of property sold by Fleurets were the unbranded multiple hotel have the appropriate knowledge, introduced to their property by our operators, the national and No property or business is likely to experience and track record of own media. international branded multiples, appeal to all of the above parties, hotel sales, but also that they property investors and developers. more often the primary market understand the scope of potential If you would like to discuss the The latter group considering such will be limited to two or three. purchasers and are able to identify possible sale of your hotel and opportunities both for their existing Therefore, if a hotel is to be sold at the target market. At Fleurets, we the options available to you, use but also for alternative use the right price in the optimum time have a database with over 180,000 please contact your local conversions such as residential, frame, it is vital that it is marketed registered prospective purchasers Fleurets office. Should I sell my freehold, or find a tenant?

Lesley Watmough Divisional Director, Fleurets North West

We receive regular requests for can pay the rent is if it is set at a to be considered. The most run it themselves for a number of advice from freehold owners of realistic level. The business needs obvious, is that a tenant could fall years and try to produce profit and restaurants, hotels and public to produce sufficient profit, so that a on hard times, or ruin the business. loss accounts which would help a houses who are considering what tenant can pay part of that profit as The first danger is that the tenant sale at some point in the future. to do with their business. They no a rent (usually between 40% to stops investing in the business and However, this could happen at a longer want to run the business 60%), leaving sufficient money for the general condition of the time when the owner had intended themselves, however, they don’t the tenant to earn a living at a property deteriorates. Also, if a to retire, and use the income as necessarily need the cash that standard they are happy with, tenant is struggling, they will stop part of a pension. would be released from an for the amount of time and paying the rent. Therefore, the outright sale. effort invested. ultimate danger is that a landlord is If a freehold owner is considering faced with the tenant going bust or granting a lease, I would strongly There are of course benefits The obvious benefit of leasing the “doing a runner”, and they are recommend they take expert attached to selling the freehold property is that with very little input, handed back an empty property, in advice from a licensed property and/or leasing the property, broadly a regular monthly or quarterly poor condition, and perhaps with agent/valuer as to what a realistic speaking, they are as follows: income is received. Also, the no inventory. They probably would rent, and ingoings would/should be. freehold asset is retained, which, also not have the profit and loss The obvious benefit of Practically, you need to selling the freehold is contact a solicitor to draft that it releases cash a commercial lease with immediately that can be all the relevant clauses used for either the regarding rent reviews etc. purchase of another You must also take up business or to invest. financial references on any The owner has no further prospective tenant and connections with the inform, even obtain business i.e. it is a ‘clean permission from your break’. However, for some insurance company, and people who do not need the mortgage company (if to fund the purchase of applicable). another business, they wonder if they could get a This is a guide, but no better return on their safety net. I have received money by finding a tenant calls from people wishing who would pay them rent. to sell a business where There is no easy answer and every generally speaking, should increase accounts from when the tenant was trade has suffered, not because the situation needs to be considered on in value (if we appreciate that running the business, therefore, if owner, operator or tenant has been an individual basis. historically, over the medium to long they wanted to sell the property, it is incompetent but because of lifestyle term property values generally likely they would receive a lower circumstances such as a The most important thing for a increase). price than if they had sold it as a bereavement, serious illness or prospective Landlord to consider is going concern with good profit and divorce. The best advice is to take whether or not the rent is secure Whilst a number of positives can be loss accounts at the outset. There expert advice, this will help and will be paid on a regular basis. attributed to each route, there could is an option here that the owner understand the best direction for Remember, the only way a tenant be possible drawbacks which need could go back into the business, you and your business. 10 On market | May/June 2008 Market commentary Advance notice – nine freeholds Chris Irving Divisional Director, Fleurets West & South Wales

Fleurets are freeholds with vacant possession Close Please contact pleased to and five are freeholds subject to Investments Chris Irving at Fleurets have been leases, but importantly on a West & South instructed by number of these cases the Wales Office Close leasehold interest can also be for further Investments acquired to create freeholds with information Ltd to market vacant possession. telephone nine freehold 0117 923 8090 properties. The It is believed the pubs will be of pubs are located from West Sussex interest to both private individuals G1 The Lamb on the through to Herefordshire, four are and pub companies. Strand, near Trowbridge G2 The Swan Hotel in Thame G3 The New Inn, Bradford on Avon G4 The Three Crowns, Wisborough Green, West Sussex G5 The Masons Arms, Meysey Hampton, Gloucestershire G6 The Red House Inn, Whitchurch, Hampshire G7 Ye Hostelrie, Ross on Wye G8 The Old Red Lion at Tetsworth, Oxfordshire G9 The Green Man, Partridge Green, West Sussex On market | May/June 2008 11 Market commentary Hotels Open for business?

Paul Hardwick Divisional Director, Fleurets London

The ‘credit crunch’ has transactions where debt that was sold off a guide price of and commentary as to the state undoubtedly caused the financial requirements are not millions but £10 million. of the economy and property institutions to review their lending tens of millions. However our markets was arguably at its peak. criteria on the side of caution and recent experience suggests that Marketing of both properties Notwithstanding this, both this impacts upon the ability of a the effect is considerably less commenced towards the end of transactions proceeded to purchaser to secure funding for a significant in terms of individual the summer last year and were completion with the support of the transaction, in certain cases. The asset transactions. placed under offer with heads of financial institutions involved and effect of this has been most terms being agreed and solicitors without any last minute price notable with the larger portfolio During the last couple of months, instructed in mid-autumn. In both changes. we have completed two high cases, the legal and due diligence value freehold hotel sales. process was protracted due As well as demonstrating the The 71 bedroom Hotel to a number of exceptional honourable performance of the Elizabeth at Rockingham circumstances and, as detailed, parties to the transactions, this is near Corby was sold off a completion took place only recently. clear evidence that the lending guide price of £5,720,000 to The sale process for both of these institutions are still ‘open for Butterfly Hotels Group. The transactions began at a time when business’ and that there is second was the confidential the ‘credit crunch’ was in its relative continued demand from purchasers sale of a circa 80 bedroom infancy and completed at a time and willingness by the banks to do Hotel Elizabeth, Rockingham hotel in the north of England when negative press speculation the right deals at the right price. Profit or rent? Bob Whittle Director, Fleurets East Anglia

In our Hotel multiples, who, traditionally, have premium of £145,000 to include all deal with more rental valuations Review four operated their hotels either hands the trade contents. and rent review instructions in this years ago, we on or under management, relying specialist property sector than any predicted that solely on retail profit for a return on These are only two of several such other firm of specialist Chartered an increasing their investments. As a result, we transactions dealt with by Fleurets Surveyors. Therefore, if you are number of are increasingly providing rental and during recent months. considering letting your hotel, hotels would capital valuation advice to many selling an existing investment, if become hotel owners who are considering Due to our experience in this field, you require rental or capital available to let lettings instead of sales. having dealt with the letting of valuation advice or if you require on institutional style leases as the licensed and leisure property for rent review or lease renewal security and growth prospects of An example of such a property almost 200 years, we are experts in assistance, please contact us as rental income was seen by switch is our recent letting of the leasehold transactions. Indeed, we we will be delighted to assist you. freeholders to be more attractive former Hotel Elizabeth, a than the simple realisation of capital substantial 50 bedroom hotel on through freehold disposals. This Great Yarmouth seafront to Surrey has proven to be the case. based hotel company Aabshaar Limited. The property, owned by Financial analysts have recently Ipswich based property and confirmed that returns achieved investment company Elizabeth from hotels have outperformed Holdings Plc, had previously traded many other asset classes since the under direct management. early 1990’s. In addition, new to the market is The solid returns offered by hotel the long established and fully investments have not only attracted licensed Kings Head Hotel in the attention of pure property Beccles, East Anglia, which is investors but also existing hotel being offered on a new 20 year Kings Head Hotel, Beccles owners, both individuals and lease with a leasehold asking 12 On market | May/June 2008 Hotels

LEIGHTON BUZZARD, BEDFORDSHIRE £1,750,000 Freehold 38 bedroom High Street former coaching inn. Development opportunity. London Ref: LH-61065

DUNSTABLE, BEDFORDSHIRE WINDSOR, BERKSHIRE READING, BERKSHIRE £800,000 Freehold PRICE ON APPLICATION Freehold £250,000 Leasehold Bar, restaurant and 17 letting rooms. Car park. Lifestyle guest house. 3 bed detached 15 elegant 4 Star rooms. Beautiful garden. Continuing 2 properties also available in addition. house. 8 en-suite letting rooms. growing trade. Turnover £163,267 including VAT. London Ref: LH-71158 London Ref: LH-71124 London Ref: LH-61069

BEDFORD, BEDFORDSHIRE FLEETWOOD £200,000 Leasehold £3,950,000 Freehold 25 en-suite rooms, bar, restaurant. Landmark hotel. 53 en-suite rooms. Established local, Beautiful gardens and self-contained flat. destination and function trade. Car park. London Ref: LH-71329 North West Ref: NW-3045

BLACKPOOL CONWY BURNLEY, LANCASHIRE CONWY £1,100,000 Freehold £949,000 Freehold £945,000 Freehold £695,000 Freehold South Shore 40 bed hotel. Passenger lift. Car park. Country bar & rest, 12 en-suite rooms. 2 self-catering Substantial town centre 35 bed hotel. Public Country bar and restaurant (100 cover), lodge INCLUDES Coach Tour Co. Comb. T/O 03/07 £571k. cottages. Car park. Set in 4 acres. PP for 6 cottages. bar, restaurant and function rooms. Est. trade. style accom. (12 en-suite rooms). Car park. North West Ref: NW-3167 North West Ref: NW-3162 North West Ref: NW-3151 North West Ref: NW-3370 On market | May/June 2008 13 Hotels

WREXHAM WARRINGTON £2,250,000 Freehold £825,000 Freehold 36 bedroom ‘A’ road lodge hotel. Established restaurant and Restaurant and function room. 21 letting beds. function trade. Possibility to extend. Approx. 7.5 acres. Car park. Possible development potential. North West Ref: NW-3209 North West Ref: NW-2619

AINTREE, LIVERPOOL BLACKPOOL £575,000 Freehold £535,000 Freehold Family run hotel near Bootle Golf Course. North Shore, 30 en-suite licensed detached Lounge bar/dining room. Car park. hotel. 1 bedroom flat. Car park. Lift. North West Ref: NW-2918 North West Ref: NW-2934

CRICCIETH, NORTH WALES BLACKPOOL BLACKPOOL £525,000 Freehold £385,000 Freehold £360,000 Freehold Seafront location. Dining room and lounge. 6 en-suite rooms 29 bed tourist hotel on South Shore, Close to Winter Gardens. 13 en-suite bed hotel. with potential to create more. Possible alternative use. just off the Promenade. Private flat. Private flat. Car park. All year trade potential. North West Ref: NW-3269 North West Ref: NW-2780 North West Ref: NW-3159

Discreet Sale

CHESTER BLACKPOOL HULL, EAST YORKSHIRE NORTH YORKSHIRE £340,000 Leasehold £265,000 Freehold £2,950,000 Freehold £2,500,000 Freehold City centre Grade II listed 28 en-suite North Shore 9 bedroom B&B. Car park. 3 Star 95 en-suite bed hotel, restaurant (60), Delightful mid sized country house hotel. For bedroom hotel. 2 restaurants and car park. Lounge, dining room and private flat. 3 function rooms and bar (40). On A63. information please contact David Broschomb. North West Ref: NW-2790 North West Ref: NW-1596 North Ref: N-711242 North Ref: N-711896

Discreet Sale

BRIGG, NORTH LINCOLNSHIRE MIDDLETON-IN-TEESDALE, CO. DURHAM SHEFFIELD, SOUTH YORKSHIRE NORTH YORKSHIRE £1,925,000 Freehold NIL PREMIUM New Leasehold £899,950 Freehold £829,000 Freehold Pub, restaurant and 26 bedroom hotel with Bar, restaurant (40), function (80), conference (30) Profitable hotel/hostel situated close to major city Stunning 7 en-suite bed hotel with dining room 4 acre grounds. T/O in excess of £1m. and 8 en-suite letting rooms. centre. Sale of the business to incl. the freehold. and bar. North Yorkshire Moors tourist location. North Ref: N-712192 North Ref: N-812808 North Ref: N-711957 North Ref: N-711697 14 On market | May/June 2008 Hotels

SOUTH SHEFFIELD GANTON, NORTH YORKSHIRE EPWORTH, DONCASTER SCARBOROUGH, NORTH YORKSHIRE £800,000 Freehold £795,000 Freehold £770,000 Freehold £649,500 Freehold High quality 12 en-suite bed hotel. 80 cover 17 bedroom hotel, 2 bars, restaurant (50) and Outstanding 4 Star guest house with PP to Attractive 18 en-suite bedroom guest house. lounge, bar and restaurant. Huge potential. function room (70). In prime location. develop further, in North Lincolnshire. Bar (25), separate lounge (6), dining area (46). North Ref: N-711023 North Ref: N-711156 North Ref: N-712039 North Ref: N-712023

CLEETHORPES, LINCOLNSHIRE CLEETHORPES, LINCOLNSHIRE £399,500 Freehold £265,000 Freehold Attractive Licensed AA 4 Star guest house Established 6 bedroom guest house with with 8 en-suite bedrooms in coastal town. dining/lounge and private accommodation. North Ref: N-812489 North Ref: N-812583

LEEMING BAR, NORTH YORKSHIRE SHROPSHIRE BIRMINGHAM £95,000 Leasehold £996,500 Freehold £800,000 Freehold 18 bedroom hotel, bar and restaurant. Within 1 mile of A1M. 10 en-suite letting rooms, 100 cover function 24 letting bedrooms. Attractive Potential to add 14 more bedrooms. room. Detached cottage included in the sale. rear garden with conservatory. North Ref: N-69835 Midlands Ref: M-111021 Midlands Ref: M-110840

KNIGHTON, POWYS BEESTON, NOTTINGHAM £695,000 Freehold £399,000 Freehold Superb 16th century coaching inn Well maintained Nottingham hotel, and manor house with 15 letting rooms. 10 beds. Same owners for 22 years. Midlands Ref: M-110913 Midlands Ref: M-111026

STOKE ON TRENT SHROPSHIRE CENTRAL OXFORD £995,000 Freehold £185,000 Leasehold £2,500,000 OIEO Freehold Consistent turnover and profitability. Prestige hotel opportunity with 22 letting rooms plus 3 beds used by owners. Same owners for 50 years. 17 en-suite rooms. 24 modern en-suite bedrooms. Private kitchen/dining/lounge. High profits. Midlands Ref: M-111069 Midlands Ref: M-110654/a West & South Wales Ref: W-92231

BOURNEMOUTH WEYMOUTH PORTHCAWL, SOUTH WALES CENTRAL BRISTOL £1,100,000 Freehold £875,000 Freehold £749,500 Freehold £659,000 Freehold 22 beds (21 en suite). Near to town centre, Town centre. Sea views. 14 beds all en suite Coastal resort, 23 bed hotel, all en suite. Estab. well presented business. 9 beds. Sales beach, conference centre. Priv. accom. Car park. and excel. flat. Olympic venue. Car park. Lounge and public bars (90), restaurant (60). £112,571. Large 2 bed private accom. Gardens. West & South Wales Ref: W-92210 West & South Wales Ref: W-92167 West & South Wales Ref: W-92239 West & South Wales Ref: W-92260 On market | May/June 2008 15 Hotels

BRIXHAM, DEVON DARTMOUTH £515,000 Freehold £459,000 Freehold Superb harbour and coastal views. 8 letting rooms 6 bedroom guest house. Recently restored, (7 en-suite). Private accom – 2 bed + lounge. ideal first business. On site parking. West & South Wales Ref: W-92237 West & South Wales Ref: W-91131

BRECHFA PENZANCE PORTHCAWL £595,000 Freehold £399,500 Freehold £395,000 Freehold Country hotel/restaurant (40+). Superior 6 bedroom letting. Substantial 7 bed guest house + private accom. Seaside town. 8 letting bedrooms and owner’s Private accommodation. Grounds. Retirement sale. Scope to improve trade. accommodation. Superb condition throughout. West & South Wales Ref: W-92238 West & South Wales Ref: W-92245 West & South Wales Ref: W-92254

HAMPSHIRE BERKSHIRE £2,100,000 Freehold £1,200,000 Freehold 2 separate properties, 26 en-suite bedrooms. 11 en-suite letting bedrooms, Car park. Bar and restaurant. Owner’s flat. restaurant and bar. Parking. South Ref: S-67887 South Ref: LH-71380

Discreet Sale

ISLE OF WIGHT EASTBOURNE BRIGHTON £1,125,000 Freehold £1,250,000 Freehold £949,950 Freehold Coaching hotel. 30 quality en-suite letting rooms. Seafront hotel in busy seaside resort. 36 en-suite rooms. Large 13 en-suite letting rooms, located just off 2 bed owner’s flat. Restaurant, bar, outside pool. open plan bar and restaurant area on ground floor, lift to all floors. Brighton seafront. Owner’s accommodation. South Ref: S-67839 South Ref: S-89617 South Ref: S-79331

BRIGHTON ISLE OF WIGHT BRIGHTON SOUTHAMPTON £900,000 Freehold £859,500 Freehold £850,000 Freehold £785,000 Freehold Popular seafront square, views of West Pier ruins & 32 en-suite rooms, restaurant (62 covers), bar. 10 bedroom hotel. Close to seafront. Bar, Licensed 14 bed guest house, close to city centre. loc. of i360. 8 en-suite letting rms. Sep. owner’s flat. Car park. Popular island resort location. resident’s lounge. Owner’s/manager’s room. 1 bed owner’s accom. Car parking for up to 12. South Ref: S-79231 South Ref: S-67955 South Ref: S-68160 South Ref: S-89479

ISLE OF WIGHT ISLE OF WIGHT WEST SUSSEX EASTBOURNE £695,000 Freehold £650,000 Freehold £545,000 Freehold £540,000 Freehold 21 bedroom cliff top hotel. Kiosk, garden, 18 en-suite letting rooms. 4 bedroom owner’s Overlooking Lawns and English Channel. Family Award winning business in desirable Meads car park. Views over Channel. accommodation. Dining room. Outside pool. run hotel. Owner’s accom. 8 en-suite beds. area. 10 en-suite bedrooms. Owner’s accom. South Ref: S-67793 South Ref: S-79263 South Ref: S-79347 South Ref: S-68144 16 On market | May/June 2008 Hotels

SOUTHSEA EAST SUSSEX BOGNOR REGIS ESSEX SEAFRONT £340,000 Freehold £145,000 Leasehold £35,000 Leasehold £3 MILLION OIEO Freehold Situated close to South Parade Pier and Popular historic town of Battle. 23 en-suite Famous seaside town. 8 en-suite bed hotel. 300yds Mixed use redevelopment opp. Class A1/A2/A3/B1/ canoe lake. 8 letting beds. Owner’s accom. beds. 2 bed owner’s accommodation. Car park. from beach. Lift to all floors. F/hold also available. D1/C1/C3 uses. Site area 0.36 hec. (0.888 acres). South Ref: S-57641 South Ref: S-78654 South Ref: S-68126 East Anglia Ref: E-0647

NORFOLK NORFOLK £1,250,000 Freehold £1,200,000 OIEO Freehold AA 3 Star hotel, 20 bedrooms, 2 bars, function room, 14 en-suite bedrooms, lounge bar, award restaurant. Adjusted net profit £217,847. winning restaurant, 2 function rooms. East Anglia Ref: E-1885 East Anglia Ref: E-4874

LINCOLNSHIRE Discreet Sale £1,350,000 Freehold 22 en-suite letting beds, 2 bars, restaurant, a further restaurant/function room (150), conference room. Car park. Large NORFOLK garden. S/c owner/manager. £875,000 Freehold Elegant coastal hotel. 26 en-suite bedrooms, East Anglia Ref: RW restaurant/function/conference facilities. East Anglia Ref: E-4129

SUFFOLK £415,000 Freehold 3 Star B&B. Sea views. 10 en-suite bedrooms, bar and restaurant. Garden and car park. East Anglia Ref: E-4776

SUFFOLK MARKET TOWN HOTEL SUFFOLK SUFFOLK £145,000 Leasehold £195,000 Leasehold £45,000 Leasehold 12 letting bedrooms, function room, Budget hotel. 20 letting rooms, residents 11 letting bedrooms, lounge bar, 50 cover restaurant, 2 bars. Turnover £766,146. lounge/dining room. Car park. Est. business. restaurant. Car park. East Anglia Ref: E-3471 East Anglia Ref: E-2885 East Anglia Ref: E-4790 On market | May/June 2008 17 Market commentary Restaurants Eating out defies consumer squeeze

Richard Negus Director, Fleurets London

Despite the With the smoking ban in force, the continued pub and nightclub sectors are doom and undertaking a self assessment to gloom of the identify the steps which need to be economic taken to replace lost trade, downturn and restaurateurs however appear to financial turmoil have benefited as many pub in the City, the customers feel uncomfortable in restaurant the sanitised ambience of smoke sector remains active with strong free pubs. interest for new and existing sites from both private market and Undoubtedly freehold licensed multiple operators. property values have, as with all commercial property, suffered, and Unlike pubs and nightclubs, the where bank borrowing is required smoking ban has had the credit squeeze is a minimal impact on not surprisingly trade, with restaurants ...continuing dampening demand, having effectively been to report forcing sellers to self regulated by the reduce their "tobacco police" long positive aspirations. The before the ban came year on year restaurant sector into effect. As sales however continues to consumer spending be dominated by years. The equity within freehold acquisitions of Strada and Loch comes under leasehold properties properties continues to provide many Fyne by Tragus and Greene King increasing pressure, the sector is which provide buyers with a restaurateurs with the ability to raise respectively, probably representing bracing itself for tough times, relatively low cost of entry (with many capital for expansion in the sector. the top of the market. although so far few restaurateurs restaurants available for less than are feeling the "pinch" with many £100k) and whilst there is much talk Undoubtedly the heady days of The restaurant sector, however, of the multiple operators continuing of house prices falling, prices will purchasers buying restaurant remains a healthy place with to report positive year on year have to fall considerably to wipe out companies at multiples of ten credible operators able to prosper sales. Consumer habits seem to be the gains secured by property times profits have gone for the while other parts of the hospitality withstanding financial strains with owners over the last 5 or even 10 foreseeable future with the and leisure industry are less certain. eating out evidently a way of life for many consumers which they are not prepared to give up.

Whilst the mood of the sector is cautious, operators with healthy balance sheets view the coming months as a potential opportunity to acquire sites at a discount to the sale prices commanded during 2007. In a sector where more than half of new restaurants fail, strong operators and successful brands such as Nando's, Frankie & Benny's, Cafe Rouge and Pizza Express continue to benefit at the expense of the less experienced operators and accordingly see the coming months as an opportunity to expand with landlords no doubt welcoming their strong (tenant) covenant with open arms. 18 On market | May/June 2008 Restaurants

GLOUCESTER RD ST JOHNS WOOD £350,000 Leasehold £200,000 Leasehold 50 cover restaurant. 60 cover restaurant + al fresco dining. Affluent High footfall. External patio. London suburb. Prime High Street position. London Ref: R-72714 London Ref: R-72463

OLD BROMPTON ROAD £300,000 Leasehold 60 cover restaurant. Opposite South Kensington tube station. London Ref: R-72712

GODALMING SOHO ALDGATE £125,000 Leasehold £59,000 Leasehold £130,000 Leasehold 56 cover restaurant. Attractive period 40 covers in the heart of Soho, close to 55 cover restaurant. Opposite property. Prime High Street location. Piccadilly and Leicester Square tube. Aldgate Tube Station. Quality fit-out. London Ref: R-72716 London Ref: R-62018 London Ref: R-72637

EDMONTON HEMEL HEMPSTEAD NIL PREMIUM Leasehold NIL PREMIUM Leasehold 3,400 sq ft leisure park unit. Prominent 100 cover restaurant. Quality Car parking facilities. fit out. Established operators nearby. London Ref: R-82765 London Ref: R-72415

WANDSWORTH BROADGATE CIRCLE OFFERS INVITED Leasehold NIL PREMIUM Leasehold 40 covers. Quality fit out in prime pitch. 180 covers. Prime city location. Close to Wandsworth Town Station. Lease extension available. London Ref: R-72545 London Ref: R-72737

NORTHAMPTON VICTORIA LIVERPOOL OFFERS INVITED Leasehold OFFERS INVITED Leasehold £850,000 Freehold 200 covers. Leisure park location. Restaurant opportunity. Prime Suburban High Street bar and restaurant Car parking for 80 spaces. food court location. 3,858 sq ft. with c.90 dining covers. Catering kitchen. London Ref: R-82772 London Ref: R-72738 North West Ref: NW-3234 ,KN^HYL ‹ /PNO >`JVTIL ‹ 6YWPUN[VU ‹ ,UÄLSK ‹ /HSPMH_ ‹ :^HUZLH :[YH[MVYKOP[LJOHWLS‹

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LANCASTER MACCLESFIELD £175,000 Leasehold £140,000 Leasehold Canalside restaurant with c.70 dining covers Well equipped town centre restaurant and lounge area. Well equipped kitchen. premises with up to 60 covers. North West Ref: NW-3315 North West Ref: NW-2937

LIVERPOOL CITY CENTRE OXFORD STREET, MANCHESTER DEANSGATE, MANCHESTER FLEXIBLE TERMS AVAILABLE Leasehold £75,000 Leasehold OFFERS INVITED Leasehold c.2,700 sq ft ground floor cafe/coffee shop – guide rent £40k p.a. c.5,900 sq ft restaurant, Prominent position and location. Circa Prom location. Ground floor dining c.52 covers. panoramic views of Liverpool waterfront – guide rent £130k p.a. Plus c.5,000 sq ft ext. terrace. 80 covers. Catering kitchen. Modern fit out. Add basement dining c.36 covers. Kitchen. North West Ref: NW-3158 North West Ref: NW-3321 North West Ref: NW-3323

Discreet Sale

ALTRINCHAM BOLTON TOWN CENTRE WEST YORKSHIRE HALIFAX, WEST YORKSHIRE NIL PREMIUM Leasehold PREMIUM OFFERS New Leases £2,500,000 VFH £395,000 Freehold Prominent position. Currently closed. Restaurant Town centre premises offering prime restaurant Prime leisure park location. High quality 60 cover restaurant premises up to c.80 covers. Kitchen space. and bar units. Flexible, free of tie terms. Over 160 covers, 5,500 sq ft unit. in suburban main road location. North West Ref: NW-3324 North West Ref: NW-3272 North Ref: N-711359 North Ref: N-712332

OLD TOWN, BRIDLINGTON HUDDERSFIELD, WEST YORKSHIRE £325,000 Freehold £75,000 Leasehold Superb 40+ cover bistro in central 100 cover restaurant. Superbly fitted and position. T/O c.£142k net. 3 bed accom. deceptively spacious. Viewing essential. North Ref: N-610694 North Ref: N-711232

LEEDS CITY CENTRE, WEST YORKSHIRE £100,000 Leasehold Established city centre restaurant, popular circult location. Potential to take adjoining unit. North Ref: N-812569

YORK, NORTH YORKSHIRE YORK, NORTH YORKSHIRE ROTHERHAM TOWN CENTRE £55,000 Leasehold OFFERS INVITED Leasehold £45,000 Leasehold High quality 50 cover restaurant in York, Excellent town centre position at the heart Superbly fitted 80 cover Thai restaurant. 3 bed accommodation. prominent main road position, great potential. of the main retail and licensed areas. T/O £3k per week net. Great potential. North Ref: N-712053 North Ref: N-812586 North Ref: N-711875 On market | May/June 2008 21 Restaurants

HALIFAX, WEST YORKSHIRE LEEDS GLASGOW CITY CENTRE WARWICK OFFERS INVITED Leasehold OFFERS INVITED Leasehold NIL PREMIUM Leasehold £79,950 Leasehold Excellent town centre position. Opportunity Excellent town centre location. Ground 124 cover city centre restaurant. Attractive 17th century restaurant and bar. for variety of uses subject to planning. floor trading. Opportunity for new offering. 55 covers with walled courtyard to rear. North Ref: N-812587 North Ref: N-812811 North Ref: N-69725 Midlands Ref: M-111089

Discreet Sale

COVENTRY OXFORDSHIRE £49,000 Leasehold Freehold 150 cover ground floor restaurant Discreet restaurant sale. fully refurbished to a high standard. Midlands Ref: M-111028 West & South Wales Ref: Chris Irving

BIRMINGHAM BRUTON, SOMERSET CLIFTON, BRISTOL £360,000 Freehold £275,000 Freehold £95,000 Leasehold NIL PREMIUM Leasehold Established restaurant. Character building. High quality 38 cover restaurant. Recently Leasehold also available. 70 cover restaurant. Potential rental income from 1st floor flat. Two floor trading. 28 covers. Popular town. refurbished. Affluent and desirable area. Midlands Ref: M-110866 West & South Wales Ref: W-92214 West & South Wales Ref: W-92023

BRISTOL DINAS POWYS £88,000 Leasehold £79,950 Leasehold Established restaurant. Close to hospital, Well known restaurant (36 covers max). university, theatre, rests. Net sales £337,283. Cottage style. Good profits. West & South Wales Ref: W-92209 West & South Wales Ref: W-92206

GLOUCESTER DOCKS FROME TROWBRIDGE, WILTSHIRE OFFERS INVITED Freehold or May Let NIL PREMIUM Leasehold £30,000 PREMIUM New Lease Opp. Glos Docks entrance. Developing area. Retail park location, includes Sainsburys, KFC, Superb refurb. Wine shop and restaurant Near to city centre. GF rest/bar & 3 bed flat. McDonalds. Close to A361 and town centre. potential. Inspection a must. West & South Wales Ref: W-92217 West & South Wales Ref: W-92282 West & South Wales Ref: W-92283

BANBURY SOUTHAMPTON ASHFORD EAST SUSSEX NIL PREMIUM Leasehold £400,000 OIEO Leasehold £200,000 Leasehold £80,000 Leasehold Town centre, prominent frontage. Adj. McDonalds, Circa 90 cover restaurant. Substantial kitchen. Countryside loc. 56 cover rest plus 2 outside areas. Ground floor bar and 32 cover restaurant. opposite Debenhams. Ground floor + first floor. Change of use to bar/restaurant granted. Walled & kitchen gardens. Sales >£440,000 ex. VAT. First floor 45 cover restaurant. Free of tie. West & South Wales Ref: W-92281 South Ref: S-78837 South Ref: S-79340 South Ref: S-79217 22 On market | May/June 2008 Restaurants

WORTHING WORTHING NIL PREMIUM New Lease PREMIUM BY NEG. New Lease Town centre. Proposed GF and FF restaurant. Town centre. Circa 3,700 sq ft. Offered in shell cond. ready for tenants fixtures. Initial rent £80,000 pa. South Ref: S-89543 South Ref: S-89544

BRIGHTON MARINA £495,000 Leasehold Free of all ties. 160 cover restaurant plus al fresco seating, bar and reception. Good net profits. South Ref: S-67743

LINCOLNSHIRE COASTAL TOWN ESSEX NORFOLK COASTAL TOWN £360,000 Freehold £120,000 Leasehold £325,000 Freehold Established business – same hands 10 years. Coastal village. Period 54 cover restaurant. Retirement sale – same family 39 years. 46 cover restaurant. Spacious living accom. 5 beds. New 15 year lease. Fully licensed bar and bistro, 48 covers. East Anglia Ref: E-4760F East Anglia Ref: E-0551 East Anglia Ref: E-4793

LINCOLNSHIRE COASTAL TOWN SUFFOLK MARKET TOWN £115,000 Leasehold £79,000 Leasehold Est. business – same hands 10 years. 46 cover 48 cover restaurant with living accommodation. rest. Spacious living accom. New Lease. Close to public car parks. East Anglia Ref: E-4760L East Anglia Ref: E-4823

ESSEX £110,000 Leasehold Modern 74 cover restaurant. Town centre, busy resort. 4 bedrooms. East Anglia Ref: E-4342

34,440 registered buyers looking to purchase restaurants.

Please contact your local office SUFFOLK for a free, no obligation, CAMBRIDGE £45,000 Leasehold NIL PREMIUM Leasehold 45 cover restaurant. High Street market appraisal. City centre ground floor restaurant location. Retirement sale. (c120) and bar. Free of tie lease. . East Anglia Ref: E-4818 East Anglia Ref: E-4803 On market | May/June 2008 23 Market commentary Pubs Why cry over closed pubs? Simon Hall Director, Fleurets North

There has been I can accept the village public house spawned the development much press provides a community facility of public houses and the comment over steeped with tradition and demand side of the the last few represents part of our heritage. But economic equation in the months about for many years now, the “last pub in mining villages and CLOSED UNTIL the number of a village” has been protected by industrial heartlands of the FURTHER NOTICE public houses local planning authorities who have UK are no longer in that are resisted applications for change of existence. In my opinion, closing. The use as well as gaining support from it’s only the artificial consensus seems to suggest the likes of Pub is the Hub an financial engineering of the figures like 27 outlets per week and initiative supported by Prince tenanted pub co model over 1400 in the last year. Nobody Charles. Although I feel that if it that have kept many of seems quite sure whether this was such a valuable part of the these operations open longer than Perhaps we should therefore community it would be they have been economically embrace the closure of public well used by the viable. Rather than be sad for the houses in the knowledge that this community and therefore closure of these outlets, I think we will strengthen the licensed would remain as a viable should view this as the rebalancing property market for the remaining POTENTIAL public house operation of the supply and demand operations. Do not mourn the and I have little sympathy equation. The simple economics passing of the under invested, ALTERNATIVE USE with the “I don’t use it, are clear. The population are bottom end, obsolete operations, but I want to keep it” drinking less and have been doing rather look forward to the positive objectors, I believe these initiatives and planning authority protection should be supported.

means closed permanently for The fact of the matter is that the SUITABLE FOR alternative use, or closed pending a vast majority of public houses that sale to then be reopened as a pub. are closing to be converted to REDEVELOPMENT From my experience there will be a alternative use are in the more urban fair proportion of each. But should areas, where the number of pubs in we be concerned about the existence was dictated by the reduction in the number of public customer demands of a different houses in the UK? age. The heavy industry that so on an annual basis for many effects that this is likely to have years. At the same time, the supply on trade. Increases in turnover of public houses has remained will lead to well invested constant, albeit the average size of businesses, more profitable outlet has probably increased as a operations and encourage better POTENTIAL result of the high street boom in the quality operators back into the late 90’s. The closure of a number market. Whether this is a real ALTERNATIVE USE of outlets will therefore rebalance possibility or an over optimistic the economic equation and lead dream, only time will tell. to more prosperous opportunities for those that remain.

Many of the tenanted DEVELOPMENTPOTENTIAL pubco operators have seen and understand the economics of the situation and are setting conditions that the property is to be delicenced following a sale. SUFFOLK PUNCH, MILTON KEYNES BLUE PIG, MANCHESTER WELLINGTON, MERSEYSIDE £150,000 Long Leasehold £500,000 Freehold £600,000 Freehold ‹ ,_[LUZP]L NHYKLUZ HUK JHY WHYR ‹ 7VZZPISL KL]LSVWTLU[ VWWVY[\UP[` ‹ 7YVTPULU[[V^UJLU[YLWVZP[PVU ‹ .VVK ZPaL [YHKL HYLHZ ^P[O WVVS HYLH ‹ 9LJLU[S` JSVZLK KL[HJOLK Z\IZ[HU[PHS WO ‹ .VVK ZPaLK VWLU WSHU [YHKPUN HYLH ‹5L^S`YLM\YIPZOLKILKÅH[ ‹3HYNLJHYWHYR ILLYNHYKLU ‹ .VVK ZPaLK WYP]H[L SP]PUN HJJVTTVKH[PVU 3VUKVU 9LM! 3:  5VY[O >LZ[ 9LM! 5> 5VY[O>LZ[ 9LM!5> On behalf of Greene King Plc, Fleurets are instructed to sell 18 managed houses in a variety of national LADYBARN, ROCHDALE INN ON THE WHARF, BURNLEY GORSE HILL, GR MANCHESTER £650,000 Freehold £750,000 Leasehold £795,000 Long Leasehold locations. ‹7YVTPULU[THPUYVHKWYVWLY[` ‹ ([[YHJ[P]L JHUHSZPKL WYVWLY[` ‹ >L[SLK JVTT\UP[` W\I ‹ .VVK ZPaLK KLZ[PUH[PVU MVVKOV\ZL ‹3HYNLVWLUWSHUIHY KPUPUNHYLH ‹7YVTPULU[THPUYVHKWVZP[PVU ‹ )LLY NHYKLU JHY WHYR ‹-PYZ[ÅVVYM\UJ[PVUYVVT^P[OI\MML[IHY ‹*SVZL[V6SK;YHMMVYK 5VY[O>LZ[ 9LM!5> 5VY[O>LZ[ 9LM!5> 5VY[O >LZ[ 9LM! 5> Theyaretobe available individually, insmallgroupsoras a single package.

WATERSIDE INN, LEIGH, LANCS LEA GATE, PRESTON, LANCS DE KYME HOTEL, N LINCS £795,000 Leasehold £1,700,000 Freehold £400,000 Long leasehold Formoreinformation ‹ ([[YHJ[P]L JHUHSZPKL WYVWLY[` ‹ -HTPS` W\I YLZ[H\YHU[ ‹ :\IZ[HU[PHS JVTT\UP[` VWLYH[PVU ‹3HYNLVWLUWSHUIHY KPUPUNHYLH ‹7YVTPULU[THPUYVHKWVZP[PVU ‹  IHYZ YLZ[H\YHU[  LZ SL[[ ILKZ ‹*HUHSZPKLILLYNHYKLU [LYYHJL ‹ 6WLU WSHU SV\UNL IHY KPUPUN HYLHZ ‹;V‰ W^UL[ please contact the 5VY[O >LZ[ 9LM! 5> 5VY[O >LZ[ 9LM! 5> 5VY[O 9LM! 5   relevant Fleurets VMÄJLVY]PZP[ ÅL\YL[ZJVT greeneking

WHISTLESTOP, LEEDS CROWN, LICHFIELD, STAFFS SOAK, SELLY OAK, BIRMINGHAM £400,000 Long leasehold £150,000 Leasehold £195,000 Leasehold ‹ :\IZ[HU[PHS 7\ISPJ /V\ZL ‹7YPTLWVZP[PVU\UP[PUL_JLSSLU[VYKLY ‹ -YVU[PUN ( HKQHJLU[ [V )»OHT

6\Y VMÄJLZ London 020 7280 4700 SVUKVU'ÅL\YL[ZJVT 5VY[O >LZ[ 0161 683 5445 FARMHOUSE, COVENTRY MAGGIES, BIRMINGHAM MAN IN SPACE, NOTTINGHAM THUJOLZ[LY'ÅL\YL[ZJVT £750,000 Freehold £795,000 Freehold £800,000 Freehold ‹ =LY` Z[YVUN MVVK HUK ^L[ ZHSLZ ‹3HYNL*P[`SHUKTHYRW\I ‹ )\Z` ^L[SLK JVTT\UP[` W\I ‹  TPSLZ MYVT *P[` *LU[YL NVVK VYKLY ‹*HYWHYRHUKIV^SPUNNYLLU ‹:P[LHYLH¶HJYLZ 5VY[O ‹ ;V JPYJH ‰ W^ UL[ ‹ ;V JPYJH ‰  W^ UL[ ‹ ;V JPYJH ‰  W^ UL[ 0113 234 0304 4PKSHUKZ 9LM! 4 4PKSHUKZ 9LM! 4 4PKSHUKZ 9LM! 4 SLLKZ'ÅL\YL[ZJVT Midlands 0121 236 5252 IPYTPUNOHT'ÅL\YL[ZJVT >LZ[ :V\[O>HSLZ 0117 923 8090 IYPZ[VS'ÅL\YL[ZJVT :V\[O 01273 429500 BRIDGE HOUSE HOTEL, DORSET FOX & HOUNDS, GRANTHAM, LINCS LITTLE ELMS, WITHAM, ESSEX IYPNO[VU'ÅL\YL[ZJVT £1,600,000 Freehold £775,000 Freehold £995,000 Freehold ‹  ILK OV[LS ‹ -HTPS` W\I HUK YLZ[H\YHU[ ‹ ,Z[HISPZOLK JVTT\UP[` SVJHS ,HZ[ (UNSPH ‹JV]LYYLZ[H\YHU[M\UJ[PVUYVVTZ ‹ 3HYNL SV\UNL IHYKPUPUN HYLH ZLH[  ‹  IHYZ YLZ[H\YHU[  JV]LYZ ‹ 9P]LYZPKL NHYKLUZ ‹ *VUZLY]H[VY` YLZ[H\YHU[ JHY WHYR WH[PV ‹ ILLYIHYYLSZ[V‰ 01787 378050 >LZ[ :V\[O >HSLZ 9LM! >   ,HZ[ (UNSPH 9LM! , ,HZ[ (UNSPH 9LM! , Z\KI\Y`'ÅL\YL[ZJVT On market | May/June 2008 25

London 020 7280 4700 [email protected] Pubs

BEDFORD, MK40 BLEDLOW RIDGE, BUCKS £1,200,000 Freehold £650,000 Freehold Four separate bar areas, recently refurbished. Bar and 44c restaurant. Trade garden and 1,000 capacity. 4.00am Licence on weekends. car parking. Development potential (STPP). London Ref: LS-815067/F London Ref: LS-714112/C

DUNSTABLE, BEDFORDSHIRE £550,000 Freehold Suitable for redevelopment (STPC). Contact London office for open house viewing dates. London Ref: LS-815178/C

NORTHAMPTON £375,000 Freehold Recently refurbished. 100% wet trade. Outdoor smoking area. Private accommodation. London Ref: LS-714711/C/a

CHALFONT ST GILES, BUCKS CHALFONT ST PETER, BUCKS DORNEY, NR WINDSOR £165,000 Leasehold £160,000 Leasehold £195,000 Leasehold Bar/restaurant and separate games room. Bar and restaurant (100c), garden (100c) and Turnover year ending 31/08/07 £505,334 (ex VAT). Separate function room. 5 bedroom accom. car park. Turnover 31/08/07 £550,372 ex VAT. Feature landscaped gardens 60+ covers. London Ref: LS-613970/C London Ref: LS-512536/C/a London Ref: LS-714923/J

LAKESIDE, BUCKINGHAMSHIRE EALING, W5 £150,000 Leasehold £150,000 Leasehold Bar/restaurant 130c. External seating with lake views 94c. Free of tie double fronted bar. Turnover year ending 2007 £621,000 ex VAT. Turnover circa £500,000 (ex VAT). London Ref: LS-815153/C London Ref: LS-714193/C/b 26 On market | May/June 2008

Pubs London 020 7280 4700 [email protected]

KILBURN, NW6 ACTON, W3 £140,000 Leasehold £135,000 OIEO Leasehold Busy High Road location. Theatre style kitchen. Turnover year ending 01/07/07 £652,041. Net turnover £413,967 (December 2006). 8 bedroom domestic accommodation. London Ref: LS-714623/C London Ref: LS-714719/K/a

BEACONSFIELD, BUCKS LADBROKE GROVE, LONDON £145,000 Leasehold £129,500 Leasehold Affluent village centre traditional pub. Award winning 2 bar operation. RV £10k. 60c, trade kitchen. 2 bedroom accom. Turnover yr end 31/10/06 £578,573 (ex VAT). London Ref: LS-714871/C London Ref: LS-613848/J/b

CHALFONT ST PETER, BUCKINGHAMSHIRE £125,000 Leasehold Open plan bar with low ceilings and wood burning fireplace. Private accommodation. London Ref: LS-613969/C

HERNHILL, NR FAVERSHAM AMERSHAM, BUCKINGHAMSHIRE NR RICKMANSWORTH, HERTS £115,000 Leasehold £100,000 Leasehold £95,000 Leasehold 100c bar and dining room. 2 bedroom coach house. Character bar (55c). 3 bedroom flat. Bar, dining area (25c) and games area. Turnover December 2006 £441,201 ex VAT. Potential function room/letting room facilities. 3 bed accom. Patio garden. Beer tie only. London Ref: LS-714835/J/b London Ref: LS-714152/C London Ref: LS-612921/C/a On market | May/June 2008 27

London 020 7280 4700 [email protected] Pubs

THEALE, BERKSHIRE WALWORTH, LONDON £85,000 Leasehold £84,950 Leasehold Two bars. Car park, lawned garden. 4 letting 1.00am Licence Mon–Sun. 10 bed letting rooms. T/O y/e Dec. 2007 £270,802 (ex VAT). accom. T/O y/e 31/07/07 £321,843 (ex VAT). London Ref: LS-714564/J London Ref: LS-714725/K

HERTFORD PRINCES RISBOROUGH, HP27 CROYDON, SURREY £99,000 Leasehold £75,000 Leasehold £75,000 Leasehold 24 cover restaurant, external trade space. Fronting A4010. Split level trade area. Open plan bar and trade kitchen. 4 X flats Turnover ex VAT year to 31st May 2007 £372,504. Decked and lawn garden and car park. producing income of approx. £30,000 pa. London Ref: LS-815098/F London Ref: LS-613326/C London Ref: LS-714567/J/a London and the Home Counties It is fair to say our industry is going The successful applicant was a company through a testing period, now more than called Artizian whose intention is to run ever pubs are having to adapt or change the property as a ‘gastro’ pub. TEDDINGTON TOWN CENTRE in order to survive. A good example of CATERHAM, SURREY £75,000 Leasehold this is the ‘Royal’, formerly the Royal The property provides 88 formal covers £39,950 Leasehold Bar, games room and trade kitchen. Tavern in Mottingham, SE9, which has and 12 covers for casual dining and will Five bedroom accommodation. Trade Garden and car park. 4 bedrooms. kitchen. Potential to increase food trade. London Ref: LS-714080/J/a recently been let from our London office. complete the transformation from a run London Ref: LS-714533/K/a down difficult boozer to a high end The job was unusual given that the ‘gastro’ pub. property was in particularly poor condition and the landlords, Enterprise Fleurets London Office is still seeing Inns, were looking for a tenant that they excellent demand (and premium) for could support with an investment in good quality profitable businesses. excess of £600,000. If you would like to discuss and The letting campaign generated good plan your buying or selling SUTTON, SURREY interest and the two open house requirements please do not hesitate STEVENAGE OLD TOWN NIL PREMIUM To Let viewings that were held while the works to call James Davies, Andy Frisby £37,000 MIN. CAP. REQ’D To Let Town centre. Free of tie. 2 bar operation. were going on at the property were well or anyone in the team who will be New 6 year tenancy agreement. Separate domestic flats X 2. Substantial 2 bar community pub. London Ref: LS-714583/J attended. happy to help. London Ref: LS-714506/F

LUTON, BEDFORDSHIRE SOUTH WEST LONDON HELLIDON, NORTHAMPTONSHIRE FOT, BETHNAL GREEN £49,500 MIN. CAP. REQ’D To Let £39,950 Leasehold £30,000 Leasehold £23,000 MIN. CAP. REQ’D New 10 year lease. Bar/food operation Free of tie. Trade kitchen. Picturesque village pub. 8 letting rooms. New 20 year lease. Separate function room. for centrally located hotel. Free of tie. Potential to increase food trade. 40 cover restaurant. Garden and car park. Landlord incentives avail. 4 bed dom accom. London Ref: LS-714836/F London Ref: LS-714772/K London Ref: LS-815135/F London Ref: LS-815088/K

AYLESBURY, BUCKINGHAMSHIRE READING, BERKSHIRE STEVENAGE, HERTFORDSHIRE ST ALBANS, HERTFORDSHIRE £10,000 Leasehold £10,000 Leasehold NEGOTIABLE MIN. CAP. REQ’D OFFERS INVITED Leasehold Open plan split level trade area. Currently a music/student venue. 12.00am New 6 year tenancy. Rent £14,500 pa. Affluent St Albans location. 3 bedroom accom. Priced for quick sale. Licence Fri and Sat. Priced for quick sale. 3 bed accom. Public and lounge bar areas. Opportunity to introduce food. London Ref: LS-714170/C London Ref: LS-714171/C/b London Ref: LS-714507/F London Ref: LS-714232/F 28 On market | May/June 2008

Pubs North West 0161 683 5445 [email protected]

WIGAN WIGAN CHORLEY ST HELENS £1,150,000 Freehold £750,000 Freehold £750,000 Freehold £650,000 Freehold Town centre nightclub. Trading on 3 floors. Town centre circuit bar with trading possible Town centre location. 2 bar local. 2 unused floors Town centre location. Open plan bar. Open 2 nights a week. No price discounting. over 3 floors. May suit variety of uses. with possible development pot. Smoking area. Late night venue with 300 capacity. North West Ref: NW-3349 North West Ref: NW-3320 North West Ref: NW-3350 North West Ref: NW-3365

HEATON MOOR, STOCKPORT ASHTON-UNDER-LYNE, LANCS CARLISLE PRESTON £650,000 Freehold £625,000 Freehold £600,000 Freehold £475,000 Freehold Modern café bar style operation with catering Town centre position. Close to main City centre pub. Currently closed, may suit Town centre location. All wet trade. 3 unused kitchen. Free of tie lease also available. retail area. Traditional wet led pub. alternative use, subject to planning. upper floors with potential for redevelopment. North West Ref: NW-3372 North West Ref: NW-3366 North West Ref: NW-3235 North West Ref: NW-3351

OLDHAM, LANCASHIRE BLACKPOOL BURNLEY, LANCASHIRE FAILSWORTH £460,000 Freehold £425,000 Freehold £420,000 Freehold £400,000 Freehold Town centre position at heart of Oldham’s Large bldg site area 975sqm, 0.24 acres. May suit Prominent main road position. Lounge and May suit alt use. Site area 3,155sqm, 0.78 acres. bar circuit. Good quality public house. alt use. Benefits from 4 res flats prod £10k pa. dining room. 3 bed flat, beer patio, car park. Community pub. Bowling green, car park, garden. North West Ref: NW-3367 North West Ref: NW-3334 North West Ref: NW-3339 North West Ref: NW-3332 50 New Freehold Disposals

BURNLEY, LANCASHIRE BLACKPOOL £350,000 Freehold around the North West £325,000 Freehold Substantial edge of town centre property. May Currently closed. Town centre sub bldg. Lounge, suit alternative use (subject to planning). func rm and 11 let rms, priv flat. Possible alt use. North West Ref: NW-3378 North West Ref: NW-3333 Despite worries regarding the credit Many of the pubs offer the opportunity crunch, we are still finding demand for people to get a foothold in the for freehold public houses that are freehouse market. realistically priced. Some of this interest is shown from people who want to If you have access to the website change the pub into an alternative use logon now and download any details such as a house, flat, nursery etc. which appeal to you, or alternatively ACCRINGTON However, the remainder is from a mix of ring the Manchester office and speak LONGSIGHT, MANCHESTER £300,000 Freehold £290,000 Freehold Town centre, 3 storey detached property. Off new entrants and existing operators who to the negotiator familiar with the ‘A’ road positioned community main pedestrianised retail area. 6 unused rooms. wet led locals pub, 2 bed flat. North West Ref: NW-3347 want the pub as a going concern. property. North West Ref: NW-3359

BARROW-IN-FURNESS ROCHDALE WIGAN LYTHAM ST ANNES £285,000 Long Leasehold £275,000 Freehold £275,000 Freehold £275,000 Leasehold Community local and foodhouse. Catering Town centre pub with 2 bars and Substantial property, prominent Town centre, free of tie. Open plan trading area. kitchen. c.70 space car park and 3 bed flat. 4 bed flat. May suit alternative use. position. May suit alternative use. Catering kitchen, daytime and evening trade. North West Ref: NW-3356 North West Ref: NW-3184 North West Ref: NW-3099 North West Ref: NW-3360 On market | May/June 2008 29

North West 0161 683 5445 [email protected] Pubs

CLASSIFIED

Under Offer ROCHDALE £650,000 Freehold Potential development opportunity. North West Ref: NW-3211

Under Offer NEW BRIGHTON, WIRRAL RUABON, CLWYD DYSERTH, DENBIGHSHIRE ROCHDALE £600,000 Freehold £275,000 Freehold £275,000 Freehold £275,000 Freehold Community local. Lounge and public bar, ‘A’ road position. Community local. Lounge Attractive stone built property. 3 trading May suit alternative use. dining area. Car park, beer patio. 3 bed flat. and public bar. Kitchen. Car park. 3 bed flat. rooms, 3 bed flat. Beer garden. North West Ref: NW-3092 North West Ref: NW-3330 North West Ref: NW-3329 North West Ref: NW-3340

Under Offer WALLASEY, WIRRAL £600,000 Freehold Steady trading wet led outlet. North West Ref: NW-3212

Under Offer AUDENSHAW, GTR MANCHESTER £400,000 Freehold BLACKBURN HORWICH, BOLTON BOOTLE, MERSEYSIDE Potential development opportunity. £250,000 Freehold £250,000 Freehold £250,000 Long Leasehold North West Ref: NW-3273 Community pub. Car park, Lounge, snug and pool room. Beer patio, Modern purpose built pub. beer patio. Kitchen. 4 bed flat. car park. 2 bed flat. Subject to tenancy. Prominent ‘A’ road position. 3 bed flat. North West Ref: NW-3101 North West Ref: NW-3185 North West Ref: NW-3344 Under Offer WARRINGTON £350,000 Freehold May suit alternative use. North West Ref: NW-3088

GREENHALGH, NR PRESTON OFFERS INVITED Joint investment scheme. Extensive refurbishment proposed. North West Ref: NW-2726 CHORLTON, MANCHESTER BLACKBURN BLACKBURN £250,000 Leasehold £250,000 Freehold £250,000 Freehold Contemporary café bar in stylish suburb 2 storey detached property. Open ‘A’ road community local. Open plan LIVERPOOL with modern fit out. Free of tie terms. plan trading area. 3 bed flat. trading area. Beer patio area. 4 bed flat. North West Ref: NW-3373 North West Ref: NW-3345 North West Ref: NW-3346 £225,000 Freehold Potential development opportunity. North West Ref: NW-3093

BACUP, LANCASHIRE £200,000 Freehold Substantial town centre property. North West Ref: NW-3091

KENSINGTON, LIVERPOOL £200,000 Freehold HINDLEY, WIGAN SALE, CHESHIRE BACUP, LANCASHIRE Wet led locals pub. £250,000 Freehold £225,000 Leasehold £225,000 Freehold North West Ref: NW-3077 Community local. Open plan trading area. Car Suburban High Street open plan pub with Town centre pub. Single central servery. park, beer patio and smoking area. 4 bed flat. kitchen and beer patio. GP59%. 3 bed flat. 3 bed private flat. Adjoining shop included. North West Ref: NW-3348 North West Ref: NW-3236 North West Ref: NW-3097

ROCHDALE, LANCASHIRE LIVERPOOL ROCHDALE PRESTON, LANCASHIRE £225,000 Freehold £225,000 Freehold £225,000 Freehold £200,000 Freehold Local community trade. ‘A’ road position. Refurbished 2006. Prominent position. Subject to Tenancy. Producing rent of c.£11k. Subject to existing Tenancy. Central Beer patio. 2 bed flat. Subject to tenancy. First floor function room. Traditional local community pub. servery. 2 bed flat. Beer garden. North West Ref: NW-3342 North West Ref: NW-3357 North West Ref: NW-3335 North West Ref: NW-3096

PRESCOT, MERSEYSIDE LIVERPOOL ASHTON-UNDER-LYNE WIDNES, CHESHIRE £200,000 Freehold UNDER OFFER Freehold £200,000 Freehold £200,000 Freehold Town centre locals pub with rear Community local. Poss alternative use. Detached 2 bar locals Traditional community pub. Currently closed. beer/smoking shelter. pub. In a densely populated residential area. Lounge and public bar. 5 bed flat. North West Ref: NW-3353 North West Ref: NW-3354 North West Ref: NW-3331 North West Ref: NW-3337 30 On market | May/June 2008

Pubs North West 0161 683 5445 [email protected]

CLASSIFIED

EGREMONT, CUMBRIA £190,000 Freehold Town centre locals pub. North West Ref: NW-2865

MANCHESTER £175,000 Leasehold MACCLESFIELD, CHESHIRE BURNLEY, LANCASHIRE CHORLEY City centre wet led pub. £200,000 Freehold £200,000 Freehold £195,000 Leasehold North West Ref: NW-3161 Attractive community local. Open plan Community local. Open plan lounge and Town centre. Free of tie. Café/wine bar. trading area. Beer patio. 1 bed flat. games room. Smoking shelter. 3 bed flat. Trading on 2 floors. Outside patio. North West Ref: NW-3338 North West Ref: NW-3341 North West Ref: NW-3352

CHORLEY, LANCASHIRE £160,000 Leasehold Consistent t/o of over c.£900k pa. North West Ref: NW-2851

NORTHWICH, CHESHIRE £90,000 Ingoings & Premium Discreet Sale New free of tie lease available. North West Ref: NW-3006 WILPSHIRE, BLACKBURN WIRRAL RADCLIFFE, MANCHESTER £180,000 Leasehold £175,000 Leasehold £175,000 Freehold Contemporary bar and brasserie. 4 quality en- Free of tie. Town centre location with catering Community local. 4 bed private flat. suite letting rooms. Impressive T/O and profits. kitchen and steady trading performance. Rear yard. May suit alternative use. LLANBERIS, GWYNEDD North West Ref: NW-3228 North West All enquiries to Tim Martin North West Ref: NW-3186 £80,000 Leasehold Village inn, bar and restaurant. North West Ref: NW-2587 On the instructions of ADMIRAL BARROW IN FURNESS, CUMBRIA TAVERNS £80,000 Ingoings Foodhouse – new lease available. We have a selection of Long North West Ref: NW-2992 Leasehold and Freehold properties available throughout the North West ANFIELD LIVERPOOL Prices Range from ST HELENS, MERSEYSIDE NEWTON LE WILLOWS, MERSEYSIDE £175,000 OIEO Freehold £50,000 to £660,000 £175,000 Freehold £75,000 Leasehold Community locals pub with lounge and vault. Closed pub – may suit Town centre locals pub. Currently closed – may suit alternative use. Please call for details alternative use. North West Ref: NW-3237 North West Ref: NW-3355 North West Ref: NW-2858

ST HELENS, MERSEYSIDE £75,000 Leasehold Traditional community estate pub. North West Ref: NW-2429

STOCKPORT, CHESHIRE £75,000 Leasehold PLATT BRIDGE, WIGAN BOLTON, LANCASHIRE PENDLEBURY, MANCHESTER Traditional wet led locals pub. £175,000 Freehold £175,000 Leasehold £175,000 Freehold North West Ref: NW-3173 Traditional locals pub. Lounge bar Modern town centre bar at heart of towns late Prominent main road position. Lounge bar and and public bar with central servery. night circuit. Good sized open plan trading areas. function room. Car park, beer patio. 2 bed flat. North West Ref: NW-3358 North West Ref: NW-3369 North West Ref: NW-3336

PENTRAETH, ANGLESEY OLDHAM, LANCASHIRE BURY, LANCASHIRE CONISTON £160,000 Leasehold £155,000 Leasehold £150,000 Freehold £150,000 Leasehold Destination food house, near caravan parks. Town centre position within main bar May suit alternative use. 2 bed flat. Rear Lakeland inn in centre of village. T/O and ANP in 2007 was £526k and £105k. circuit. Good sized open plan trading area. yard. Possible advertising hoarding income. 9 letting bedrooms. 1 bedroom flat. Patio. North West Ref: NW-2939 North West Ref: NW-3368 North West Ref: NW-3343 North West Ref: NW-1519

CUMBRIA MARPLE BRIDGE, CHESHIRE ULVESTON, CUMBRIA LIVERPOOL £135,000 Leasehold £120,000 Leasehold £120,000 Leasehold £100,000 Leasehold Traditional inn, awarded 4 Star AA accom. Well presented destination food house. 5 letting Destination food house and community local. City centre pub with kitchen and lower ground 7 letting rooms. Established food trade. bedrooms. Beer garden and large car park. Smoking area and car park. 2 bedroom flat. floor club/function room. Offices above. North West Ref: NW-3306 North West Ref: NW-2875 North West Ref: NW-2944 North West Ref: NW-3302 On market | May/June 2008 31

North West 0161 683 5445 [email protected] Pubs

CLASSIFIED

ORRELL, WIGAN £70,000 Leasehold Destination foodhouse and community local. North West Ref: NW-2943

FARNWORTH, BOLTON £68,000 Leasehold CUMBRIA Town centre locals pub. £99,000 Leasehold North West Ref: NW-2517 New lease available. ‘A’ road position. Village inn with 9 letting rooms. T/O £550k. Rent £60k. North West Ref: NW-3290 Need Finance? We can put you in touch with PRESTON £65,000 Leasehold Well presented community/high street local. thebestinthe North West Ref: NW-3176 business. TYLDESLEY, GTR MANCHESTER £55,000 Leasehold Popular community estate pub. Withourknowledgeofthemarketandyearsof North West Ref: NW-2621 WOORE, NR CREWE experience, we can put you in touch with the best £85,000 Leasehold Destination food house with function room and ÄUHUJPLYZ ZWLJPHSPZPUN PU [OL SLPZ\YL HUK OVZWP[HSP[` bowling green. Large car park. 3 bedroom flat. MANCHESTER North West Ref: NW-3274 market. For us it’s just part of the service. For you £55,000 Leasehold Popular traditional community local. it’s one less thing to worry about. North West Ref: NW-2921 For further information, please contact your nearest -SL\YL[Z VMÄJL  ^L»YL OLYL [V OLSW TINTWISTLE £45,000 Leasehold Charming traditional community local. North West Ref: NW-3074

HAWSKHEAD, CUMBRIA PRESTON £80,000 Leasehold £45,000 Leasehold Prime village inn, 12 letting rooms. New lease. May suit restaurant operator. Bar and rest. Car park, beer patio. T/O £355k. North West Ref: NW-3311 North West Ref: NW-2568

LIVERPOOL £35,000 Free of tie lease. North West Ref: NW-3261

BURNLEY £30,000 Leasehold ALDERLEY EDGE, CHESHIRE URMSTON, GTR MANCHESTER ADLINGTON, NR CHORLEY Popular destination community local. £75,000 Leasehold £75,000 Leasehold £75,000 Leasehold North West Ref: NW-2834 Prestigious location with car park, beer garden Prominent position, 2 room locals pub with Attractive wet led community local. Close to and open plan trading area. 3 bedroom flat. beer patio. Currently run under management. the West Pennine Moors. 4 bedroom flat. North West Ref: NW-3239 North West Ref: NW-3240 North West Ref: NW-3319

CHORLEY LONGRIDGE, PRESTON OFFERTON, STOCKPORT BOLTON £60,000 Leasehold £55,000 Leasehold £55,000 Leasehold £50,000 Leasehold Popular town centre traditional local. 100% wet led trade. Well presented Wet led estate pub. Lounge bar and games room. ‘A’ road community local. Lounge/public bar. Potential to increase food trade. open plan trading area. 5 bedroom flat. Car park, beer garden & smoking area. 3 bed flat. Beer patio/smoking area. Car park. North West Ref: NW-2447 North West Ref: NW-3000 North West Ref: NW-3232 North West Ref: NW-2853

ABRAM, NR WIGAN RAMSBOTTOM CHORLEY, MANCHESTER MANCHESTER £45,000 ESTIMATED INGOINGS £45,000 Leasehold OFFERS INVITED Leasehold £25,000 ESTIMATED INGOINGS New free of tie lease available. Destination Pop wet led High Street com local, in Camra’s Town centre. Currently closed and in need New lease. Guide rent £28k. 2 bar community foodhouse. Guide rent £38,000. 2008 Good Beer Guide. Car park. 3 bed flat. of refurb. Bar or restaurant use. FOT terms. local with car park, beer garden and patio. North West Ref: NW-3005 North West Ref: NW-3267 North West Ref: NW-3257 North West Ref: NW-3325 32 On market | May/June 2008

Pubs North 0113 234 0304 [email protected]

TOWN CENTRE WAKEFIELD SUNDERLAND CITY CENTRE £4,500,000 Freehold £1,250,000 Freehold Substantial development opportunity. Impressive and substantial circuit bar in prime 28,500 sq ft, land and existing licensed unit £20k pw net. town centre position. Licensed until 1.00am. North Ref: N-812579 North Ref: N-712150

Discreet Sale

SOUTH SHIELDS, TYNE & WEAR YORK CITY CENTRE £1,200,000 Freehold NIL PREMIUM Leasehold Superb modern High Street bar. Late Licence. 4 bar/restaurant units. 3–7,000 sq ft in £Multi Ground and first floor trade rooms. Leisure and Entertainment Complex. North Ref: N-711332 North Ref: N-711109

MIRFIELD, WEST YORKSHIRE SEAHOUSES, NORTHUMBERLAND CASTLEFORD, WEST YORKSHIRE £900,000 Freehold £650,000 Freehold £1,000,000 Freehold Development potential. Some Planning Imposing detached property. Development Town centre position. Open plan trading areas, Permission for residential. Closed for trade. potential. GF trading, FF accom. Car park. planning for amusement arcade. North Ref: N-812480 North Ref: N-812477 North Ref: N-710962

NORTH COWTON, NORTH YORKS MORTON ON SWALE, NORTH YORKS £625,000 Freehold £500,000 Freehold Affluent village location. Currently run under North Yorkshire village. Main road location. GF management. Est. t/o of c.£250k net of VAT. trading. FF accom. Car park and beer garden. North Ref: N-711917 North Ref: N-812471

TOWN CENTRE, HUDDERSFIELD BILLINGHAM, CLEVELAND MORLEY, LEEDS, WEST YORKSHIRE £650,000 Virtual Freehold £425,000 Freehold £399,500 Freehold Adjacent prime circuit and opposite university. Large open bar, external drinking area. Imposing detached property on a good sized Fully refurbished bar and restaurant. 2 bedroom accommodation. Turnover £7k per week net. plot. Ground floor trading. FF accommodation. North Ref: N-711911 North Ref: N-812484 North Ref: N-610715 On market | May/June 2008 33

North 0113 234 0304 [email protected] Pubs

MORLEY, LEEDS, WEST YORKSHIRE LOFTUS, CLEVELAND NIL PREMIUM Leasehold £330,000 Freehold Fully refurbished bar and restaurant. Large detached property on busy main road with FOT lease with a guide rent of £25k. car park to the side and FF owner’s accom. North Ref: N-610715 North Ref: N-812475

WHINMOOR, LEEDS HALIFAX, WEST YORKSHIRE KEIGHLEY, WEST YORKSHIRE £450,000 Freehold £300,000 Freehold £300,000 Freehold A 0.62 acre development site in suburban area, Affluent village location. Spacious 5 bedroom Detached property, town centre. Ground floor c.5 miles north east of the city centre. private accom. Potential alternative use STPP. trading, first floor accom. and outbuildings. North Ref: N-812764 North Ref: N-711870 North Ref: N-711876

PUDSEY, WEST YORKSHIRE HOLMFIRTH, WEST YORKSHIRE HALIFAX, WEST YORKSHIRE KEIGHLEY, WEST YORKSHIRE £250,000 Freehold £250,000 Freehold £225,000 Freehold £225,000 Freehold Substantial detached property on Attractive stone property with characterful Open plan trading areas. 2 bed private accom. Traditional style trading areas. 3 bed private the edge of Pudsey town centre. trading areas. Subject to existing tenancy. Excellent potential to develop trade. accom. Excellent potential to develop trade. North Ref: N-812739 North Ref: N-812740 North Ref: N-711869 North Ref: N-711868

HIGH PITTINGTON, COUNTY DURHAM BARNSLEY, SOUTH YORKSHIRE CENTRE OF COUNTY DURHAM VILLAGE SHEFFIELD, SOUTH YORKSHIRE £200,000 Freehold £200,000 Freehold £200,000 Freehold £175,000 Freehold Detached property, village location. GF trading. Community wet led public house Traditional wet led operation on main road, Attractive stone built property with 3 bed accom. Beer garden and pr. parking. in densely populated residential area. presently closed. Excellent opp. to develop. potential for alternative STPP. North Ref: N-712170 North Ref: N-812738 North Ref: N-711580 North Ref: N-812737

TOWN CENTRE, HARROGATE MIDDLETON ST GEORGE, DARLINGTON ASKWITH, OTLEY, NORTH YORKSHIRE HIGH STREET BAR, SCUNTHORPE £150,000 Leasehold £150,000 Leasehold £145,000 Leasehold £125,000 Leasehold Prime circuit and retail pitch. Modern late Detached property. Railway carriage restaurant. Well presented food led country inn in affluent Central location. Open plan accom. Free of tie. licensed bar or restaurant or retail use. 3 bed accom. Car park and beer garden. area. Turnover of £375k to March 2008. Turnover £7,500 pw. Good quality fit. North Ref: N-711211 North Ref: N-712116 North Ref: N-711775 North Ref: N-711110

LEEDS CITY CENTRE, WEST YORKS NEWCASTLE BIGG MARKET MILFORD HALL, SOUTH MILFORD, LEEDS LEEDS CITY CENTRE, WEST YORKS £117,500 Leasehold NIL PREMIUM Leasehold NIL PREMIUM Leasehold RENTAL OFFERS INVITED Leasehold Established city centre bar, excellent potential Prime late licence circuit bar. GF and FF trade Superb countryside settings. Free of tie lease. Superb restaurant/bar opportunity, prime to introduce food trade. T/O of £4,700 pw. rooms. Fully fitted. FOT. T/O £9k pw net. Historic turnover c.£520 inc. of VAT. central position. New FOT lease to be neg. North Ref: N-812390 North Ref: N-711270 North Ref: N-712155 North Ref: N-812653 34 On market | May/June 2008 Pubs North 0113 234 0304 [email protected]

WENLOCK ARMS, WHELDRAKE, YORK KNARESBOROUGH, NORTH YORKS £99,950 Leasehold £95,000 Leasehold Superb community village pub. Bar, lounge, Ground floor trading. Potential 1st floor letting pool room. 3 bedroom accom. £7,500 pw net. accommodation. 2nd floor flat. Beer patio. North Ref: N-711717 North Ref: N-711703

LEEDS CITY CENTRE, WEST YORKSHIRE £100,000 Leasehold Established circuit bar, only trades on limited hours. Potential to purchase adjoining unit. North Ref: N-812578

NORTH LINCS VILLAGE INN HUNSWORTH, WEST YORKSHIRE WAKEFIELD, WEST YORKSHIRE NIL PREMIUM Leasehold £89,950 Leasehold £95,000 Leasehold Bar and restaurant with 7 letting bedrooms. Historic village inn. Established local trade. Daytime café and night time circuit bar in Large garden and parking. Free of tie. T/O c.£310,000. Potential to introduce food. prime central position. Turnover £7k per week net. North Ref: N-610621 North Ref: N-710793 North Ref: N-711965

NORTH LINCOLNSHIRE EASINGWOLD, NR YORK, N YORKS £89,000 Leasehold £85,000 Leasehold Superb destination food led pub with 105c. Traditional market town tavern. restaurant, bar and 4 bedroom private accom. Affluent village location. 100% wet led. North Ref: N-69752 North Ref: N-69814

LEEDS CITY CENTRE WAKEFIELD CITY CENTRE NEAR COLNE, LANCASHIRE OFFERS INVITED Leasehold NIL PREMIUM Leasehold £80,000 Leasehold High quality café bar and restaurant near Two prime High Street units, 5,400-7,300 sq.ft. Excellent lifestyle opportunity, favourable lease terms, LGI Hospital. Free of tie. T/O £5k pw net. Central area. 6am Licence bar and restaurant. turnover c.£350k, superb rural setting. North Ref: N-712310 North Ref: N-711585 North Ref: N-812585

KILLINGHALL, HARROGATE, N YORKS COLEBY, LINCOLN SLAITHWAITE, WEST YORKSHIRE SILSDEN, NR SKIPTON, W YORKS £75,000 Leasehold £75,000 Leasehold £65,000 Leasehold £65,000 Leasehold Superb lifestyle opportunity. Well presented Delightful village inn and restaurant. Town centre tavern. 4 letting rooms. Exc. lease Attractive village. Excellent potential to develop trading areas. Substantially reduced. 4 bedroom accom. Turnover £320k net. terms. T/O c.£350k, potential to build on trade. food trade. T/O in the region of £250k net. North Ref: N-711841 North Ref: N-710880 North Ref: N-812584 North Ref: N-712256 On market | May/June 2008 35

North 0113 234 0304 [email protected] Pubs

MELTHAM, WEST YORKSHIRE BURTON LEONARD, HARROGATE £65,000 Leasehold £60,000 Leasehold Central position, traditional décor. 4 bedroom Superb lifestyle opportunity. Affluent village accom. Turnover £280,244 y/e April 2007. location. Food led destination pub. North Ref: N-711202 North Ref: N-711137

STOCKSBRIDGE, SOUTH YORKSHIRE SEATON, EAST YORKSHIRE BARNSLEY, SOUTH YORKSHIRE £67,000 Leasehold £55,000 Leasehold £52,000 Leasehold Superbly fitted detached stone built pub in Local village pub. Main road position, Superbly located and fitted detached stone built rural location with excellent potential. good order. Beer garden and car park. public house. Ground and first floor trading. North Ref: N-812590 North Ref: N-712301 North Ref: N-812589

WEST BUTTERWICK, NORTH EAST LINCS KNARESBOROUGH,SALTAIRE, SHIPLEY, NORTHWEST YORKS YORKS HULL, EAST YORKSHIRE RICHMOND, NORTH YORKSHIRE £50,000 Leasehold £40,000£25,000 Leasehold £39,500 Leasehold £28,000 Leasehold Riverside location, centre of village. 2 bedroom SuperbTraditional traditional community style public detached house. public Solid house wet Large community pub with beer garden. Character property with traditional décor. Sought accom. Ground floor trading. Beer garden. inled rural operation. location 4 withbedroom excellent accommodation. potential. Excellent potential to develop food. after location. GF trading. Excellent beer garden. North Ref: N-712315 North Ref: N-610268Ref: N- North Ref: N-610287 North Ref: N-812594

MIDDLETON-IN-TEESDALE, CO. DURHAM KNARESBOROUGH, NORTH YORKS STOCKTON ON TEES, TEESSIDE CLAYTON WEST, WEST YORKSHIRE NIL PREMIUM New Leasehold £25,000 Leasehold OFFERS INVITED Leasehold £22,000 Leasehold Bar, restaurant (40), function (80), Superb traditional style detached public house Established circuit bar with favourable free of Recently refurbished detached public house conference (30) and 9 en suite letting rooms. in rural location with excellent potential. tie lease. Excellent potential to develop trade. in village location with excellent potential. North Ref: N-712145 North Ref: N-812592 North Ref: N-711112 North Ref: N-812591

On the instructions of ADMIRAL TAVERNS Discreet Sale

BRIGHOUSE, WEST YORKSHIRE CITY CENTRE, YORK we have a selection of Freehold and £20,000 Leasehold OFFERS INVITED Freehold Well presented trading areas, 6 letting beds. Superb operation in prime city £350k net pa. Favourable lease terms. centre position. Profits c.£380,000. Leasehold properties available in North Ref: N-712068 North Ref: SMH Yorkshire and the North East THINKING OF SELLING? Prices range from For free, discreet, confidential £50,000 – £625,000 Discreet Sale sales advice

EAST YORKSHIRE Contact Nick Germani For further information contact POA Leasehold or Andrew Spencer on Superb chameleon operation with turnover c.£28k pw net. Good covenants only. 0113 234 0304 0113 234 0304 North Ref: SMH 36 On market | May/June 2008

Pubs Midlands 0121 236 5252 [email protected] Midlands On the instructions of Property Market Whilst there is no doubt that it is a tough I Keep the property well maintained. ADMIRAL market, we are still hitting all our targets I for the year. However we are of the Continue to trade the property as TAVERNS opinion that potential vendors can help though it wasn’t on the market. It is themselves to achieve sales and below easier to sell a property with a growing are a number of tips that will help you and profitable trade rather than a For Sale throughout the Midlands complete a sale. falling trade!

I I Plan ahead. Make sure that you Be realistic – it is no longer a sellers 37 Freehold & Leasehold Public Houses have all your documentation such market, finance is harder to source as up-to-date accounts, leases, and there are fewer purchasers in the premises licence etc. to hand. market – bear these points in mind if A minimum of 2 years certified you are considering selling! Visit our website fleurets.com accounts are required by many lending sources. If you wish to market your property or contact Midlands Office on 0121 236 5252 in the Midlands please contact I Appoint good and experienced Andy Tudor or Andrew Whelan on for further information. agents and solicitors. 0121 236 5252.

TIVIDALE, WEST MIDLANDS WOLVERHAMPTON £600,000 Freehold £595,000 Freehold Excellent development potential City centre venue. Stylish contemporary 0.575 acres. Prominent corner site. cocktail bar with late licence. Midlands Ref: M-816908 Midlands Ref: M-111013

TELFORD, SHROPSHIRE NOTTINGHAM MOUNTSORREL, LEICESTERSHIRE £500,000 Freehold £445,000 Freehold £499,000 Freehold Development opportunity. Car parking and 541 barrels pa. Busy wet led community club Main road bar/restaurant in popular village ground. 33/34 Park Street included. with 4 beds & £250 jackpot gaming machine. backing on to river. Good order throughout. Midlands Ref: M-816933 Midlands Ref: M-111022/a Midlands Ref: M-111087

SEATON, RUTLAND DUDLEY, WEST MIDLANDS DUDLEY, WEST MIDLANDS WIRKSWORTH, DERBYSHIRE £435,000 Freehold £415,000 Freehold £395,000 Freehold £395,000 Freehold Charming stone built village pub. Games orientated pub with open plan trading. Prominent corner site in Character trading areas inc. 100 person Good order. 3 trading rooms. Development potential. 0.279 acres. residential area. 0.38 acres. function room. 6 letting rooms. Midlands Ref: M-110970 Midlands Ref: M-816920 Midlands Ref: M-816929 Midlands Ref: M-111006

ROWLEY REGIS, WEST MIDLANDS CHEADLE, STAFFORDSHIRE CASTLE VALE, BIRMINGHAM STOURBRIDGE, WEST MIDLANDS £385,000 Freehold £375,000 Freehold £350,000 Freehold UNDER OFFER Freehold Lounge bar, conservatory and trade kitchen. Prominent ‘A’ road pub in good order. Well known pub on large estate. Substantial freehold with 2 trading rooms Children’s play area. 0.293 acre site. Good scope for food sales. Car park to side. Substantial site (0.57 acres). and living accommodation. Midlands Ref: M-816923 Midlands Ref: M-816924 Midlands Ref: M-111083 Midlands Ref: M-816916 On market | May/June 2008 37

Midlands 0121 236 5252 [email protected] Pubs

MEIR, STOKE ON TRENT DUDLEY, WEST MIDLANDS STOKE ON TRENT TELFORD, SHROPSHIRE £325,000 Freehold £325,000 Freehold £320,000 Freehold £300,000 Freehold Large detached property in densely occupied Prominent located community pub. Popular residential area with Good order throughout. Food potential. residential area. 2 trading areas. 0.4 acre site. Development potential – 0.285 acres. 2 welcoming trading rooms. Close to town centre. Midlands Ref: M-111030 Midlands Ref: M-816921 Midlands Ref: M-816926 Midlands Ref: M-111084

BUXTON, DERBYSHIRE BURTON UPON TRENT £275,000 Freehold £275,000 Freehold Close to High Street in desirable Attractive end terrace pub in Peak District town. Freehold freehouse. heart of large desirable village. Midlands Ref: M-816915 Midlands Ref: M-816918

WORKSOP, NOTTINGHAMSHIRE NOTTINGHAMSHIRE STAFFORDSHIRE £275,000 Freehold £265,000 Freehold £215,000 Freehold Trade kitchen provides excellent food scope. Character village pub with function Deceptively large property with Large 4 bedroom living accommodation. room (50), scope to create trade kitchen. 2 trading areas plus ‘smoking’ area. Midlands Ref: M-111082 Midlands Ref: M-111081 Midlands Ref: M-111101

STAFFORDSHIRE WALSALL NOTTINGHAM CITY CENTRE NEWTON SOLNEY, DERBYSHIRE £199,000 Freehold £165,000 Leasehold £135,000 RENT Leasehold £130,000 Leasehold Affordable freehold property High turnover town centre venue Quality basement venue with street level Picturesque property in desirable location. at edge of Leek town centre. fitted to a high standard. entrance. Floor area approx. 13,000 sq ft. Bar, restaurant + 8 busy letting rooms. Midlands Ref: M-816934 Midlands Ref: M-110831 Midlands Ref: M-110975 Midlands Ref: M-111040

HENLEY IN ARDEN, WARWICKSHIRE STOKE ON TRENT, STAFFORDSHIRE £115,000 Leasehold £95,000 Leasehold Busy ‘A’ road position in affluent town. Prominent position with large catchment. Net Charming old coaching inn oozing character. sales of +£10k pw/adjusted net profits of +£71k. Midlands Ref: M-111061 Midlands Ref: M-111034

WORKSOP, NOTTINGHAMSHIRE LEICESTERSHIRE RUTLAND £125,000 Freehold £95,000 Leasehold £75,000 Leasehold Affordable freehold opportunity which is well maintained throughout Character pub in affluent and desirable village. Charming village pub in affluent location with resident pool and football teams plus karaoke, quizzes and bingo. Private lease – free of all brewery ties. with 6 en-suite letting rooms. Midlands Ref: M-110925 Midlands Ref: M-111003 Midlands Ref: M-110859 38 On market | May/June 2008

Pubs Midlands 0121 236 5252 [email protected]

STAFFORDSHIRE FENTON, STOKE ON TRENT WALSALL LEICESTERSHIRE £75,000 Leasehold £65,000 Leasehold £65,000 Leasehold £55,000 Leasehold Free of tie lease. Attractive corner building. Established business with several teams. Town centre attractive traditional pub, Profitable coaching inn in affluent 5 en-suite letting bedrooms. Adjusted net profit of circa £47,000. many character features. market town. Large open plan trading area. Midlands Ref: M-816938 Midlands Ref: M-111035 Midlands Ref: M-110979 Midlands Ref: M-110838

PEAK DISTRICT NATIONAL PARK HOARWITHY, HEREFORDSHIRE £50,000 Leasehold £50,000 Leasehold Idyllic village pub being Very impressive and growing sales. Flavours offered on a new lease. of Herefordshire Pub of the Year 2007. Midlands Ref: M-111048 Midlands Ref: M-111060

GREAT WYRLEY, WALSALL £60,000 Leasehold Prominent position on busy A34. Good passing trade and local custom. Bar and restaurant operation. Midlands Ref: M-111096

LEICESTERSHIRE HINCKLEY, LEICESTERSHIRE BRADWELL, DERBYSHIRE £50,000 Leasehold £49,950 Leasehold £50,000 Leasehold Well known wet led pub in city centre Substantial property in good order throughout. Attractive village setting with 6 quality en-suite letting rooms. with rear courtyard. Large catchment area. Large car park and beer garden with fine views. Midlands Ref: M-110776 Midlands Ref: M-111052 Midlands Ref: M-111092

STAFFORDSHIRE DUDLEY, WEST MIDLANDS £25,000 Leasehold £5,000 Leasehold Free of tie lease. Substantial car park and Prominent ‘A’ road position. Brand new lease grounds. Large residential estate. available. Spacious living accommodation. Midlands Ref: M-816930 Midlands Ref: M-110997

NORTHEND, WARWICKSHIRE LEICESTERSHIRE WEST MIDLANDS £25,000 Leasehold ALL OFFERS CONSIDERED Leasehold NIL PREMIUM To Let Picturesque character property near M40 Junction 12. Well maintained wet led local Three separate trading rooms and Available on a brand new lease. in desirable Leicestershire village. separate function suite. Midlands Ref: M-111080 Midlands Ref: M-110931 Midlands Ref: M-110758 On market | May/June 2008 39

Midlands 0121 236 5252 [email protected] Pubs

BIRMINGHAM BIRMINGHAM CITY CENTRE NIL PREMIUM To Let NIL PREMIUM To Let City landmark pub. Large bar, snug. Large established gay venue in 166 person function room/music venue. Hurst Street. 3.00am Licence. Midlands Ref: M-111113 Midlands Ref: M-111114

STOURBRIDGE, WEST MIDLANDS NIL PREMIUM To Let Two good sized trading rooms. Large beer garden. Free of tie lease. Midlands Ref: M-111085

NOTTINGHAM BELPER, DERBYSHIRE BILSTON, WEST MIDLANDS BRAND NEW LEASE To Let NIL PREMIUM Letting NIL PREMIUM To Let 6,750 sq ft unit on busy New 20 year free of tie lease. Potential Densely occupied residential area. Free of tie lease. retail/leisure park. to seat 100 covers, large beer garden. Large garden/patio to rear. Midlands Ref: M-110936 Midlands Ref: M-111055 Midlands Ref: M-111086

Midlands Office in the month of March sold nine properties to individual parties – please contact either BIRMINGHAM CITY CENTRE Andy or Andrew if you FLEXIBLE TERMS To Let High profile double fronted Broad Street position. would like to sell yours! Midlands Ref: M-110577 STOP PRESS

New Lease Available

BIRMINGHAM

Attractive period building in the heart of the Jewellery Quarter – ideal for contemporary bar or brasserie style operation.

For further information please contact either: Paul Newby or Andrew Whelan on STRATFORD UPON AVON NEW FREE OF TIE LEASE 0121 236 5252 Main road position. Established destination food business. Car park and garden. Scope for development. Midlands Ref: M-111037 40 On market | May/June 2008

Pubs West & South Wales 0117 923 8090 [email protected] West & South Wales Office

Banbury to Penzance to Haverfordwest Now could be the time to acquire with premises at attractive prices and later sell lower interest rates and increased them improved in a better market. availability. Opportunities exist across a broad spectrum of properties and areas. If you would like to discuss any Vendors are aware that the market is not of the opportunities on the as active as this time last year and West & South Wales pages, please therefore prices reflect the current telephone Chris Irving or marketplace. There are also opportunities Bill Evans on 0117 923 8090. to acquire town centre leases at SHRIVENHAM considerably lower rents than a few years STOP PRESS: £690,000 Freehold ago. Often during market downturns Nine new freeholds available, for full details Bar/restaurant/conservatory, recently refurbished. Gardens. Excellent 2 bedroom flat. Net sales £344,809. opportunistic purchasers acquire new contact Chris Irving. West & South Wales Ref: W-92303 Discreet Sales Gloucestershire Town centre freehold. W-92290 Oxfordshire Village freehold. W-92299 NORTH DEVON COAST WOOLFARDISWORTHY, DEVON HANHAM, BRISTOL £695,000 Freehold £625,000 Freehold Contact: Chris Irving £450,000 OIEO Freehold Attractive, tourist area. Bar, restaurants, Village centre, near coast. Bar, restaurant, games Prime suburban position. Open plan ground floor, 4 letting, 3 private. Gardens, parking. room. Gardens. 3 beds. Extra food scope. on 0117 923 8090 first floor function room. 2 bed private accom. West & South Wales Ref: W-92120 West & South Wales Ref: W-92149 West & South Wales Ref: W-92166

ST GEORGE, BRISTOL WOTTON-UNDER-EDGE/GLOS SHIREHAMPTON, BRISTOL LOSTWITHIEL, CORNWALL £400,000 OIEO Freehold £350,000 GUIDE PRICE Freehold £200,000 GUIDE PRICE Freehold £149,500 Leasehold Cottage style with 2 bars. 3 bedroom private Substantial freehold. Town centre. 8 bedrooms. Development/change of use op. Residential Award winning. 2 bars, 70 cover restaurant, accommodation. Residential potential. Development/change of use opportunity. area close to local shops. 2 large floors. 6 letting beds. 3 bed private. Beer gardens. West & South Wales Ref: W-92165 West & South Wales Ref: W-92278 West & South Wales Ref: W-92262 West & South Wales Ref: W-92232

THAME, OXON WARMINSTER, WILTSHIRE BANBURY, OXON SALISBURY POA Leasehold £110,000 Leasehold £95,000 Leasehold £80,000 Leasehold FOT. Town centre. Affluent town. Established FOT. Excel. condition. Lounge/restaurant (53), Town centre position. Character bar plus Wet led. 3 letting rooms + extra potential. trade. 6 letting rooms. Excellent profits. public. Sup. 4 bed accom. Beer garden, car park. restaurant (38). Excel. external terrace. 3 beds. Profitable business, further trade potential. West & South Wales Ref: W-92114 West & South Wales Ref: W-91152 West & South Wales Ref: W-92074 West & South Wales Ref: W-90946

BRISTOL DEVIZES, WILTSHIRE DEVIZES, WILTSHIRE BATH £57,500 Leasehold OFFERS INVITED Leasehold £50,000 Leasehold £40,000 Leasehold Close to Uni. & Hospital. Student trade & food Highly profitable town centre pub. Recent FOT. Town centre location in popular town. Ideal starter pub. Bar/games area/skittle alley. potential. Open plan bar + function room. 3 beds. refurb. Beer terraces. 2 bed private accom. Beer garden. 3 bedroom accommodation. Teams. Beer terrace. 3 bed private accom. West & South Wales Ref: W-92215 West & South Wales Ref: W-92141 West & South Wales Ref: W-92287 West & South Wales Ref: W-92102 On market | May/June 2008 41

West & South Wales 0117 923 8090 [email protected] Pubs

CHIPPING SODBURY SALISBURY STONESFIELD, OXFORDSHIRE SEMINGTON, TROWBRIDGE £32,500 Leasehold NEW LEASE/TENANCY NIL PREMIUM New Lease NEW FREE OF TIE LEASE Easily operated starter pub. Suit owner occupier. Community pub on main road. Recently Free of tie. 2 bars. 3 bedrooms. Attractive destination dining pub, c.70 covers. Open plan. 3 bedrooms. Car park. refurbished. 5 bed private accom. Beer terrace. Car park and beer terrace. 3 letting rooms. Flat, car park. West & South Wales Ref: W-92247 West & South Wales Ref: W-92256 West & South Wales Ref: W-92077 West & South Wales Ref: W-92273

10 Individual Freeholds England (5) £250,000 – £475,000 South Wales (6) £80,000 – £300,000 BRISTOL NEW FOT LEASE West & South Wales Office Open plan bar, function room. Superior private accommodation. Car park. Ref: Admiral Pubs West & South Wales Ref: W-92305

Welsh Section Contact Bill Evans BRISTOL – CORN STREET NR KNIGHTON, POWYS PHASED RENT New Lease £320,000 Freehold Town centre – licensed area. on 0117 923 8090 Cottage style border pub. Recently refurbished. Ground floor bar/restaurant 4800 sq ft (445 sq m) and basement. Bars and restaurant (40). 3 bedrooms. West & South Wales Ref: W-92250 West & South Wales Ref: W-92076

KNIGHTON, POWYS NEWPORT £249,500 Freehold £200,000 GUIDE PRICE Freehold Tastefully refurbished border pub. Open plan Historic city centre pub. Split level trading and snug. 3 bed accom. Parking, beer garden. areas. 3 bedroom accommodation. West & South Wales Ref: W-92266 West & South Wales Ref: W-92292

SENNYBRIDGE, BRECON TAFFS WELLS, NR CARDIFF CWMBRAN, SOUTH WALES £695,000 Freehold £85,000 Leasehold £67,500 Leasehold Attractive 7 bedroom hotel with bar, restaurant, Main street position. Bar and restaurant (50). Profitable pub, suit owner operator. Food conservatory. Fronting A40. Superb views. Suit chef/operator. 2 beds. Spac. trading areas. potential. 2 bars, restaurant. 3 beds. Car park. West & South Wales Ref: W-92306 West & South Wales Ref: W-92144 West & South Wales Ref: W-92304

SWANSEA PONTYPOOL, TORFAEN SWANSEA MAESTEG OFFERS INVITED Leasehold £49,950 Leasehold £30,500 MIN. CAP. REQ’D £29,000 MIN. CAP. REQ’D Free of tie. City centre and on circuit. Rear Highly visible town centre position bar Guide rent £18,000. Large open plan bar, 2 Guide rent £20,000. Succesful town centre pub. terrace/car park. GIA 17,500 sq ft approx. restaurant (26). 3 bedroom private accom. function rooms plus meeting room. 3/4 beds. 2 bars and games room. Spac. 3 bed private. West & South Wales Ref: W-92121 West & South Wales Ref: W-92147 West & South Wales Ref: W-90828 West & South Wales Ref: W-90798 42 On market | May/June 2008

Pubs South 01273 429500 [email protected] Unrivalled depth of knowledge and experience

over many sectors Discreet Sale With over 55 years experience within V2 Bar, Brighton – leasehold club just off SURREY KENT the licensed and leisure sector, the South seafront with 3am licence, sold off a guide £1,300,000 Freehold £1,250,000 Freehold team are dealing with an increasing price of £180,000. Village location. Bars, restaurant, 6 en-suite 16th Century watermill with letting rooms, micro brewery, garden. award winning restaurant. amount of different styles of instructions. South Ref: S-79257 South Ref: S-68194 For example:– Crown, Horsted Keynes – having been struck by lightning and burnt to the Atrium, East Grinstead – 12,642 sq ft ground in 2003, we have recently vacant unit, situated within a modern completed the sale of the site on behalf cinema/leisure complex was offered to the of Wellington Pub Co to a successful market on a nil premium with guide rent of local operator. £50,000 and is under offer to an established London operator. Professional Department – a varied range of ongoing instructions to include Acquisitions – on behalf of a Plc pub co, rent reviews on fitness clubs, music WEST SUSSEX SURREY completed purchase of West Sussex venues, restaurants, public houses, high £1,100,000 Freehold £750,000 Freehold Town centre bar with late licence. Large open Bar, dining areas, freehouse and just exchanged on two street bars and valuations of hotels and plan trading area, covered patio. 5 letting rooms. Beer patio. Brighton sites. public houses. South Ref: S-89544 South Ref: S-68293

New build public house site, South Mowbray Hotel, Eastbourne – opposite Ashford – acting on behalf of housing and Devonshire Park Theatre and was sold to land development company, the site new operator (approx 0.55 acres) was offered to the market on a discreet basis and is now Your local contacts are Nick Earee, under offer. public house sales and leisure, Alan Millard, public house sales and Queens Head, Farnborough – acting on restaurants, Will Thomas, hotels and WEST SUSSEX SURREY behalf of Admiral Taverns, the property Barry Voysey, valuations, rent reviews £630,000 Freehold £600,000 Freehold was sold for a figure in excess of and professional matters. Please Character bar and restaurant, Busy ‘A’ road location. 3 bar areas. 2 bedroom 6 en-suite bedrooms and gardens. accommodation. Garden, stables/barn. £1 Million to land buyers. contact the above on 01273 429500. South Ref: S-67708 South Ref: S-79240

WEST SUSSEX KENT £550,000 Freehold £450,000 Freehold Substantial town centre site. 3 bar areas. Affluent village near Sevenoaks. Communicat- Extensive accommodation. ing trading area, garden, patio, 4 bed accom. South Ref: S-79241 South Ref: S-89591

HAMPSHIRE EAST SUSSEX HAMPSHIRE £425,000 Freehold £275,000 Leasehold £350,000 Leasehold ‘A’ road location. 2 bars. 4 bedroom Beamed bar, lounge, restaurant, 6 en-suite letting Easy reach of A30 and M3. Publican Food Pub of The Year. Traditional country pub and accommodation. Patio, car park. rooms, managers/owners flat. Garden and patio. 55 covers restaurant. Substantial gardens. Substantial net profits. South Ref: S-89614 South Ref: S-89499 South Ref: S-89597

ISLE OF WIGHT SURREY SURREY NEW FOREST £265,000 Leasehold £210,000 Leasehold £185,000 Leasehold £160,000 Leasehold Bar, dining area (approx 60 covers), 3 letting Award winning village property. Bar/dining areas Affluent suburb of Woking. Successful cask ale Two bars, restaurant, rooms. Private flat. Trade patio. (circa 85 covers). 3 beds. Gardens, car park. property. 2 bars, conservatory ext. 2 bed accom. 4 letting rooms. Garden. South Ref: S-89539 South Ref: S-79335 South Ref: S-89510 South Ref: S-78973 On market | May/June 2008 43

South 01273 429500 [email protected] Pubs

EASTBOURNE WEST SUSSEX NORTH HAMPSHIRE VILLAGE HAMPSHIRE £160,000 Leasehold £155,000 Leasehold £150,000 Leasehold £150,000 Leasehold Old town, historic property. 2 bars, Substantially refurbished. Food Lounge bar, snug and 35 cover Morning Advertiser Best Tenanted Pub 2007. restaurant, function room, spacious accom. led operation, 60+ covers. Garden. restaurant. Garden, car park. Single horseshoe shaped bar. 3 bed accom. South Ref: S-89624 South Ref: S-79271 South Ref: S-67700 South Ref: S-89608

HAMPSHIRE EAST SUSSEX TONBRIDGE EAST SUSSEX £137,000 Leasehold £130,000 Leasehold £130,000 Leasehold £130,000 Leasehold Traditional 2 bar property. 3 bed private Bar, restaurant. Car park, front patio, extensive Town centre location. Large open Traditional 2 bar public house. accommodation. Trade patio, car park. gardens. 5 en-suite letting rooms. plan bar. Beer patio. 4 bedrooms. Densely populated residential area. South Ref: S-79061 South Ref: S-78845 South Ref: S-68356 South Ref: S-78851 FIVE NEW 20 YEAR LEASES

Fleurets are instructed by an independent and personal private company to offer five properties on new leases, tied for beer, lager and cider only. All of the outlets are currently run under management HAMPSHIRE HAMPSHIRE and have been for some time. £130,000 Leasehold £130,000 Long Leasehold Traditional 2 bar property with dining area, patio, City centre – free of tie. Bar and function car park. Considerable accommodation. room. 3 bedroom accommodation. South Ref: S-79230 South Ref: S-79341 Two of the properties are located in Surrey, one near Oxford, another in Windsor and the final outlet is on the south coast in Hampshire.

Premiums, to include trade inventory, vary between £60,000 and £140,000

For further information please contact Alan Millard or Kate Dowd on WEST SUSSEX BRIGHTON £125,000 Leasehold £125,000 Leasehold Modern and refurbished, extensive Close to city centre. Open 01273 429500 trading areas. Car park and patio. plan bar area. 2 bedrooms. South Ref: S-79205 South Ref: S-78898

EAST SUSSEX KENT WEST SUSSEX WEST SUSSEX VILLAGE £125,000 Leasehold £120,000 Leasehold £120,000 Leasehold £110,000 Leasehold Public bar, lounge bar, dining area. Beer garden, 50 cover restaurant and lounge bar. Garden, Refurbished and modernised Open plan bar with dining areas purpose built smoking area. Car park. patio and car park. 3 bedroom accommodation. bar/restaurant with patio. and inglenook. Garden, car park. South Ref: S-79139 South Ref: S-78969 South Ref: S-68320 South Ref: S-68090

HAMPSHIRE SURREY EAST SUSSEX KENT £110,000 Leasehold £105,000 Leasehold £98,000 Leasehold £98,000 Leasehold Fringe of town centre. Open plan trading Prominent site. Public bar, lounge bar, wine bar, Town centre, close to High Street. High Street location. Character property. area. 5 bedrooms. Garden and car park. 8 letting rooms. Patio areas, car park. 2 bar areas. Patio. 2 traditional bar areas, dining area. South Ref: S-79311 South Ref: S-78948 South Ref: S-79090 South Ref: S-79238 44 On market | May/June 2008

Pubs South 01273 429500 [email protected]

NR HORSHAM SURREY £98,000 Leasehold £95,000 Leasehold 13th Century village property Single horseshoe shaped bar, trade kitchen. of character. 2 bedrooms. Terrace to front of property. South Ref: S-68297 South Ref: S-89494

WEST SUSSEX KENT HAMPSHIRE £100,000 Leasehold £95,000 Leasehold £90,000 Leasehold Affluent West Sussex village location. A well presented traditional public house. 2 bars and Traditional public house. Bar, dining area. Free of all ties. Bar, 80+ cover restaurant. 30 cover dining room. Large garden, car park. 2 bedroom private accommodation. 4 bedrooms. Garden, car park. 4 bedrooms. Village location. South Ref: S-89595 South Ref: S-89478 South Ref: S-79053

KENT WEST SUSSEX WEST SUSSEX KENT £90,000 Leasehold £89,000 Leasehold £87,000 Leasehold £85,000 Leasehold New 15 year lease, free of all ties. Lounge bar, Public bar, lounge bar, pool room. Two bar/dining areas. 3 double Close to town centre. 2 bar areas. pool/games room. 4 bedroom accommodation. Car park, patio and garden. bedroom accommodation. Beer patio. Accommodation. Trade patio. South Ref: S-89537 South Ref: S-79354 South Ref: S-89538 South Ref: S-79239

WEST SUSSEX SURREY HAMPSHIRE HAMPSHIRE £85,000 Leasehold £79,950 Leasehold £79,000 Leasehold £70,000 MIN. CAP. REQ’D Free of all ties. Modern lounge bar, Close to Dorking town centre. 2 bedroom Village property. 3 bars. To let on new Marstons Lease. potential restaurant space first floor. private accommodation. Patio, gardens, car park. Real Ale house. 2 bedrooms. South Ref: S-89520 South Ref: S-79360 South Ref: S-79272 South Ref: S-79284 FREEHOLD SITES

Nine former public houses available to developers/operators across the region.

WEST SUSSEX BRIGHTON Please contact Kate Dowd in the South office on £65,000 Leasehold £65,000 Leasehold Large coastal village. 2 bars, dining/function Town centre. Single bar 01273 429500 room. Patio area, car park. plus basement. Free of tie. South Ref: S-78871 South Ref: S-79225

EAST SUSSEX SURREY SOUTHAMPTON WEST SUSSEX £60,000 Leasehold £OFFERS INVITED Leasehold £50,000 Leasehold £35,000 CAPITAL REQUIRED Adjoining new commercial development. Lounge and large public bar. Prominent site, high Nil premium. New 5 year tenancy. Lounge bar, Open plan bar area, 2 pool areas. 11 bedrooms. turnover sports bar. 60 cover restaurant. Terrace, car park. 2 beds. South Ref: S-67752 South Ref: S-79232 South Ref: S-67677 South Ref: S-89519 On market | May/June 2008 45

East Anglia 01787 378050 [email protected] Pubs

ESSEX ESSEX VILLAGE FREEHOUSE £995,000 + VAT Freehold £395,000 Freehold Established community local. 481 barrels. Bar with open fire, snug. Trade patios, 2 bars, restaurant. 3 bedrooms. car park. 3 bedroom accommodation. East Anglia Ref: E-0005 East Anglia Ref: E-1166

ESSEX/HERTS BORDER NORFOLK/SUFFOLK BORDER LINCOLNSHIRE £360,000 + VAT Freehold £300,000 + VAT Freehold £399,000 Freehold Affluent village. 2 bars, restaurant (20). Prominent ‘A’ road position. Large site. Only pub in village near Woodhall Spa. Lounge, 3 bedrooms. Trade patio, parking. Period property in need of refurbishment. dining area, public bar. Garden. East Anglia Ref: E-3469 East Anglia Ref: E-0238F East Anglia Ref: E-4165

LINCOLNSHIRE NORFOLK £255,000 + VAT Freehold £235,000 Freehold Former community local. Freehouse in busy coastal resort. Currently closed. Residential area. Bar, snug. Spacious accommodation. East Anglia Ref: E-4909 East Anglia Ref: E-2649

CAMBRIDGESHIRE STAMFORD, LINCOLNSHIRE SUFFOLK £350,000 Freehold £140,000 Leasehold £135,000 OIEO Leasehold Attractive village near Ely. 2 bars, Contemporary bar in town centre. Well established carvery pub/restaurant restaurant. Gardens. Retirement sale. Scope to develop food. serving as village local. Takings £10k pw. East Anglia Ref: E-0296 East Anglia Ref: E-4808 East Anglia Ref: E-4473

ESSEX SUFFOLK NORTH ESSEX VILLAGE NORFOLK COAST £125,000 Leasehold £120,000 Leasehold £100,000 OIEO Leasehold £99,995 Leasehold Busy village pub close to river and sea. 2 bars, Established profitable destination business. Character bars, conservatory restaurant. Bar, restaurant and 8 letting rooms. conservatory. 5 bedrooms. Gardens. Bar and restaurant. 4 beds. Garden, car park. 5 bedrooms. Trade patio, car park. Prime seafront location. East Anglia Ref: E-3608 East Anglia Ref: E-0071 East Anglia Ref: E-2921 East Anglia Ref: E-4812

On the instructions of ADMIRAL TAVERNS

We have a selection of freehold properties for sale. Priced from £250,000 to £750,000 SUFFOLK BUSY MARKET TOWN SUFFOLK located in Essex, Suffolk, Norfolk and Lincolnshire. £96,000 Leasehold £80,000 Leasehold Listed pub, town centre. Traditional inn. Small market town. 2 bars. 3 en-suite letting rooms. Ref: JES/Admiral 5 en-suite letting rooms. FOT lease to 2023. East Anglia Ref: E-4325 East Anglia Ref: E-1065 46 On market | May/June 2008

Pubs East Anglia 01787 378050 [email protected]

ESSEX BOSTON, LINCOLNSHIRE £65,000 Leasehold £52,000 Leasehold Freehouse in small sailing town. Town outskirts. Parking, garden. Scope for 2 bars. 4–5 bedrooms. Car park. food. Possible barn conversion. East Anglia Ref: E-1423 East Anglia Ref: E-4724

SELLERS REQUIRED Spring has been busy, seeing an active market for both freehold and leasehold properties throughout the East Anglian area. To meet the continuing demand from prospective purchasers we urgently require viable businesses in all price ranges. ESSEX WATERSIDE VILLAGE SUFFOLK £69,000 Leasehold For expert advice on selling your OFFERS INVITED FOR QUICK SALE Cosy, traditional bar. Restaurant (36). pub, hotel or restaurant telephone Free of all tie. Single bar. Residential area. Large car park. 01787 378050 Spacious accommodation. East Anglia Ref: E-1888 East Anglia Ref: E-1550

ESSEX TOWN NORWICH £49,000 Leasehold £37,500 Leasehold FOT new 15 year lease. Open plan bar. City centre, close to market. Single bar Car park. Owner’s flat. Late Licence. being refurbished. New 20 year lease. East Anglia Ref: E-1498 East Anglia Ref: E-2300

NORWICH SUFFOLK ESSEX FREEHOUSE £35,000 Leasehold £38,000 Leasehold £25,000 Leasehold Community local. All wet sales. Garden. Attractive pub. Area outstanding natural beauty. Heavily timbered. Lounge bar + restaurant. Private parking. 3/4 beds. New 20 year lease. Takings average £4,100 pw. Car park. Lock-up business. East Anglia Ref: E-4614 East Anglia Ref: E-0489 East Anglia Ref: E-1314

SUFFOLK SUFFOLK COASTAL TOWN PETERBOROUGH LINCOLNSHIRE £25,000 Leasehold £20,000 Leasehold £20,000 Leasehold £18,000 Leasehold Heavily timbered bar and restaurants. Community local. 3 bedrooms. Busy all wet sales pub, close to centre. Attractive village pub, close to Lincoln. Bar, Garden, patio, car park. 2 bars. Trade patio, car park. Large bar, games and function rooms. snug, dining room. New FOT (liquor) lease. East Anglia Ref: E-4711 East Anglia Ref: E-4687 East Anglia Ref: E-4929 East Anglia Ref: E-4759

CAMBRIDGESHIRE NORFOLK ESSEX NORFOLK/SUFFOLK BORDER £15,000 + VAT Leasehold £10,000 + VAT Leasehold NIL PREMIUM Leasehold NIL PREMIUM Leasehold Busy town centre bar, snug, restaurant (60). Reduced from £22,000. Lots of Rental offers, new FOT lease. Centre attractive Prominent ‘A’ road site. Bar, restaurant, games Large car park. Net FOT (liquor) lease. chimney pots. 2 bars. 2 courtyards. wool village. Open plan bar. Car park, garden. room. Car park. New 20 year FOT (liquor) lease. East Anglia Ref: E-4892 East Anglia Ref: E-1596 East Anglia Ref: E-3071 East Anglia Ref: E-0238L On market | May/June 2008 47 Leisure

Discreet Sale

BOLTON BURY CARLISLE TYNE & WEAR OFFERS INVITED Leasehold OFFERS INVITED Leasehold OFFERS INVITED Leasehold £2,750,000 Freehold Town centre late night venue. Flexible Town centre bar and club with dining Fully fitted purpose built nightclub at heart Over 1000 capacity nightclub. c.£450,000 user clause. Approximately 11,000 sq ft. facilities. Approximately 13,500 sq ft. of main circuit. Approximately 13,000 sq ft. profit. Excellent position and opportunity. North West Ref: NW-3175 North West Ref: NW-3178 North West Ref: NW-3177 North Ref: N-812450

CASTLEFORD, WEST YORKSHIRE LEEDS CITY CENTRE CENTRAL HARTLEPOOL BIRMINGHAM £1,000,000 Freehold OFFERS INVITED Leasehold OFFERS INVITED Leasehold £325,000 Freehold Town centre position, open plan trading 520 capacity, 4am Licence. New free of Impressive and prominent nightclub. Capacity Games room, lounge bar and large areas, planning for amusement arcade bar. tie lease. Flexible terms available. 1100, 4am Licence. Closed but great potential. concert room. Total site area 0.223 acres. North Ref: N-710962 North Ref: N-812582 North Ref: N-711772 Midlands Ref: M-111097

LEICESTER DURRINGTON, WILTSHIRE £99,000 Leasehold £495,000 Freehold Town centre nightclub and bar Est. snooker and social club. ANP £78,000. with 320 capacity. Bar + snooker hall, 8 tables. 3 beds. Midlands Ref: M-110964 West & South Wales Ref: W-92150

GREAT YARMOUTH, NORFOLK GREAT YARMOUTH, NORFOLK £2,400,000 Freehold £495,000 Freehold Amusement arcade and licensed bars. Family entertainment centre. Prime seafront location. High profits. Prime Golden Mile location. Spacious 3 bed flat. East Anglia Ref: E-4890 East Anglia Ref: E-4931 48 On market | May/June 2008 Market commentary An impressive client list Below are a few of the large corporate clients we currently have instructions from. It’s an impressive group.

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The Fleurets network covers the UK with 90 people providing hotels, restaurants, pubs and other leisure properties. the depth of expertise you need. Seven offices nationwide are To find out more about Fleurets or to make an appointment home to Fleurets local specialists who know their regions better with one of our team, please call your local office, details of than anyone. Our people are also on the road continually, visiting which are listed below. London North West North Midlands 4 Roger Street Prospect House Enterprise House 63 St. Pauls Square London 324 Moston Lane East 12 St. Paul’s Street Birmingham WC1N 2JX Manchester M40 3HZ Leeds LS1 2LE B3 1QS T 020 7280 4700 T 0161 683 5445 T 0113 234 0304 T 0121 236 5252 F 020 7280 4750 F 0161 683 5503 F 0113 234 0214 F 0121 236 9400 E [email protected] E [email protected] E [email protected] E [email protected]

West & South Wales South East Anglia Bedford House Heversham House Wellesley House 23 Richmond Hill 20-22 Boundary Road 96 East Street, Sudbury Bristol BS8 1BA Hove, Sussex BN3 4EF Suffolk CO10 2TP T 0117 923 8090 T 01273 429500 T 01787 378050 F 0117 923 8470 F 01273 429505 F 01787 880292 E [email protected] E [email protected] E [email protected] fleurets.com

Important notice: Unless otherwise stated, all properties are being dealt with on a Sole Selling Rights basis. The prices and other particulars regarding properties are correct at the time of going to press, 23rd April 2008. But, as prices can be altered by the vendor at any time, interested potential buyers would be wise to check the latest position with Fleurets before viewing. The next issue of On market will be prepared on 18th June 2008. The information contained in this publication is not to be reproduced in whole or in part without the express permission in writing of Fleurets Ltd. © Copyright - Fleurets Ltd. 2008 London, ‘All rights reserved’