Property briefs
- Punch Pub Company is continuing on the acquisition trail with the purchase of the Bay Horse Inn in Ashurton, Devon (pictured). The company beat four other purchasers to the freehold by bidding £15,000 above the asking price of £325,000.
The property is 300 years old and boasts a main bar, pool room and three bedroom owner's accommodation. The site is currently 100 per cent wet led so there is potential to develop the food side of the business. Distinctive Business Agents handled the sale.
Punch is also investing £585,000 to restore and refurbish its historic White Hart Hotel in Ampthill, Bedfordshire. The building, which was left unusable following a fire, will have two new bars, 10 letting rooms and a restaurant.
The Broken Drum pub in Baldock, Hertfordshire, is a town centre pub in a traditional market town. The business serves a wide selection of ales and is a live music venue. It is a two-storey property comprising of a bar area for 30 and a basement area which serves another 25 covers.
Owner's accommodation includes one double bedroom, lounge, kitchen and bathroom. Seven years of the private free-of-tie lease is available for £49,500. Call 01908 300950.
Exeter pub the Bishops Blaize is a detached period property with large owner's accommodation. The local inn is supported by football, pool and darts teams and has regular karaoke nights as well as a Saturday night disco. The pub has potential to increase its food sales, particularly at lunchtime. The main bar has beamed ceilings, comfortable seating for 32 covers and stripped wooden flooring.
The leasehold is available for an asking price of £69,000. The Stonesmith Partnership is handling the sale. Call 01392 201262.
Robert Barry & Co is handling the sale of the Black Horse Inn near Bedale in North Yorkshire.
The traditional village inn is situated in the countryside about one mile from the A1 and just off the B6267.
Customers include locals and those who travel to the pub for its popular weekly quiz.Offers of £225,000 are invited for the freehold. Call 01423 566362.
Regent Inns is set to open another Walkabout in Hanley, Stoke on Trent in November.The site is set to open in a former 1960s office block and is expected to a capacity level for 700 people. Tribecka Estates acted on behalf of Regent Inns and has organised its planning application allowing an extension and refurbishment of the premises.
The Moon and Sixpence pub is located in the village of Glaisdale, North Yorkshire, which is used to film the TV series of Heartbeat.The pub has a locals bar, lounge and dining room and two bedroom owner's accommodation.
The freehouse pub is also offering a barn for sale which has conversion potential and an eight acre paddock with woodland.The freehouse pub is being offered for sale for £235,000, the barn for £120,000 and the paddock for £35,000. Agent Guy Simmonds is handling the sale. Call 01332 865112.
The Wigmore Group has been awarded a £250,000 contract by new client Hall and Woodhouse to refurbish The Old Nick pub, formally The Three Cups in Holborn, London.
The company is already working on a £300,000 refurbishment of the George Inn in Spaldwick, Cambridgeshire for Scottish and Newcastle Retail. The building is listed and as such is subject to close inspection by English Heritage. Due to the age of the building the Wigmore Group will have to work with traditional materials, including horse hair plaster.
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