Property briefs
- Offers are being invited for the Britannia Inn in the Vale of Llangollen, North Wales. It was built by the monks of Valle Crucis Abbey in the 14th century and is located at the foot of a major tourist route called the Horseshoe Pass. It was recommended in the Los Angeles Times as the place to stop in North Wales and was recently nominated for the Denbighshire Free Press "Pub of the year" award. It has a 30-seat restaurant, two 28-seater lounge bars, six en suite letting rooms and 2.75 acres of grounds. Christie & Co is handling the sale. Call 0161 833 3311.
The Smugglers Rest Inn at Morthoe, Woolacombe in Devon, is a 19th century property laid out over four floors. Run as a traditional pub it also offers a restaurant and letting rooms. Its restaurant which has 40 covers offers an à la carte menu and specialises in steak and locally caught fish. There is a sports bar area with a pool table and darts. The Stonesmith Partnership is handling the sale. Call 01392 201262.
Revolution, the vodka bar chain owned by Inventive Leisure, is opening larger scale units as part of its roll-out plans. The company said economies of scale mean that bigger units can be developed less expensively and generate more revenue per square foot. Its outlets of around 3,700sq ft have an average weekly turnover of £33,000 per week while smaller sites of around 2,400sq ft are only turning over £17,000 per week. This is because the larger units are better positioned and have wider market appeal.
Jongleurs, the comedy club chain owned by Regent Inns, has signed a deal for a new 16,000sq ft site in Leeds. Its Walkabout chain has also signed a deal for a city centre site in Middlesbrough with an annual rent of £160,000 per annum. The deals were conducted by agent Jeremy Rubin & Co.
- Grade II listed pub the Bull at Gosmore, Near Hitchin, Hertfordshire, is up for sale through property agents Fleurets. The property, which has an open bar and a 28-cover restaurant, has an opportunity to develop its existing trade. The asking price is £85,000 leasehold with a rent of £26,000 per annum. Call 020 7636 8992.
Period property the Stoke Canon Inn at Stoke Canon near Exeter is available for a leasehold price of £70,000. The business focuses on community trade but also enjoys seasonal trade during the year. Wet sales account for 83 per cent of turnover while food represents 17 per cent. The site has exposed beams and stonework throughout and has a darts area, public bar, lounge bar/pool room and four-bedroom owners accommodation. Westcountry Commercial Business Agents is handling the sale. Call 01363 775500.
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