Done deals: August/September
The Plume of Feathers, Hungerford, Berkshire
Price: £90,000
Tenure: Leasehold
Rent: £34,500
Landlord: Greene King
Turnover: £349,977
Wet:dry split: 40:60
Agent: Davey Co 01865 481 478
This characterful pub has been sold off an asking price of £90,000 for the held lease and is prominently sited in this highly regarded, affluent West Berkshire town. The property offers a double return bar servery with open views to the traditional lounge bar plus a dining room providing 60+ covers. Potential for the conversion of a barn to the rear could provide five en-suite letting bedrooms. The seller is retiring from the trade and this will be the purchasers’ second site.
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The Grove, Battersea Park, London
Price: £65,000
Tenure: Leasehold
Rent: 17,040
Landlord: Enterprise Inns
Wet:dry split: Unknown
Turnover: Not provided
Agent: Christie + Co 02920 023 123
The pub is well located near to Battersea Park and the new property development currently underway at Battersea Power Station. Benefiting from a large bar area and garden, The Grove is a prime opportunity for redevelopment, repositioning and expansion of facilities. Jim Banks was looking to acquire a second London pub to repeat the success that he achieved with his first pub, the Lord Nelson in Southwark. Jim was assisted in finding funding for the site by Christie Finance.
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The Coombe Barton Inn, Crackington Haven, Cornwall
Price: £180,000
Tenure: Free of tie lease
Rent: £60,000
Landlord: Private
Turnover: £640,429
Wet:dry:accomodation split: 50:40:10
Agent: Guy Simmonds 01332 865 112
This beachside private leasehold business comprises of lounge bar/dining area (60), restaurant for 50 covers, function room (80), six letting bedrooms and a detached two bed holiday cottage, three patio terrace areas (70) with sea views and a commercial catering kitchen. there is also a car park and two bed living accommodation. The business was sold to Mr Glyn Rees off an asking price of £180,000, on a brand new ‘free of tie’ lease agreement.
