Property briefs
- Geronimo Inns, the pub-restaurant operator, has taken on the 25-year lease of the Bram Stoker pub on London's Old Brompton Road. It has taken on the lease of the 3,303sq ft site for an annual rent of £80,000 per year. Geronimo has also entered into a new 35-year lease on the Resident pub in Chelsea, West London, for an annual rent of £90,000 per annum. The landlord Raven Group was represented by Shelley and Sandzer while Geronimo was represented by Peter Gropper.
Scottish and Newcastle is continuing with the roll-out of its Chef & Brewer pub restaurant chain. It has acquired seven new sites over the last five months following a marketing campaign it has been running targeting property agents. Chef & Brewer has 125 sites across the UK.
The Dalton Inn in Furness, Cumbria, is a pub which relies on a regular local trade. The family business has a traditional lounge bar, public bar, catering kitchen and seven letting bedrooms. It has a darts team which plays in the pub on most week nights and a bed and breakfast trade which caters for contractors, tourists and walkers. Fleurets is handling the sale. The price is £295,000. Call 0161 683 5445.
The 12th century Royal Oak Inn located in Winsford, Exmoor, one of the West Country's best known pubs, is up for sale. Situated near Exmoor National Park it stands opposite the village green. It has a thatched roof, 16 en suite bedrooms, three lounges, two bars which serve light meals, and a restaurant. It also has three-star accreditation from the RAC, AA and the English Tourism Council. Christie & Co is handling the sale of the freehold which has a guide price of £1,295,000. Call 01392 285600.
The Coaching Inn in Blackford, Perthshire, is up for sale through agent Robert Barry & Co. Situated on Blackford's main street the pub has eight letting bedrooms, two bars, a restaurant, function room, owners' flat and an additional undeveloped property. The site is currently closed as the business went into liquidation in November 2002. Offers over £175,000 are being sought. Call 0131 225 2944.
Village pub the Angel Inn, a detached 400-year-old property in Long Ashton near Bristol, is on the market. It has open fires, timber beams, two bars, restaurant and a cobbled courtyard beer garden. Owners' accommodation on the site includes three double bedrooms and a large garden. About 70 per cent of its sales are wet. The business is held on a Unique lease at a rent of £36,000 until July 2003 and £72,500 is sought for the lease, goodwill and trade contents. Contact Moore Wood & Cockram on 0117 946 7799.
The leasehold of the King William IV in Madron, Penzance, is on the market for £45,000. Located two miles to the north west of Penzance the period building has a public lounge, dining areas, commercial kitchen and two bedroom owners' accommodation. Food represents 20 per cent of sales in the pub and it is felt that there is a chance to increase this part of the business. It has a pool and darts team and is used for village meetings. Westcountry Commercial is handling the sale. Call 01363 775500.
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