Britannia Business Sales has sold the lease of the Royal Oak to experienced licensees Michael Hales and Marlene O'Donoghue.
The pair used to run the Railway Inn, Whittlesey, Peterborough. Diss branch managing director Alan Crowest said: "Our client Baldev Bharaj bought the freehold through Britannia last year. We were delighted to be instructed to offer a new 15-year lease."
The Royal Oak features a lounge bar, saloon bar and
two dining areas for 48 covers, as well as a self-contained function room. The lease sold off an asking price of £95,000.
Experienced licensees Wayne and Lesley Glaze have bought the Dovecote pub and restaurant from John Cowell, who has three other outlets in the region. The couple previously owned a pub in Leicester. They purchased the leasehold off an asking price of £125,000 from agent Davey & Co. It has a turnover of approximately £8,000 per week, excluding VAT. The pub features a 120-cover restaurant as well as a public bar and lounge area. The trade has a 50%:50% wet:dry split. There is a beer garden to the front of the pub offering benches and a car park at the rear. Davey & Co associate director Barry Alldread said: "Mr and Mrs Glaze saw the potential of the pub and restaurant and are confident that they can increase the turnover in the coming months."
The Spital Vaults
The Bar Agency sold the Jennings Innventure lease off an asking price of £75,000. The pub is a typical community local in a popular residential area close to Chester city centre. The new owner, Steve Harrison, had been looking for a property in Chester for some time and had suffered disappointment on another business before viewing the Spital Vaults. The property features a public bar with a bagatelle table, lounge bar and three-bedroom private accommodation.
Redwoods Dowling Kerr has announced the sale of the Crown, a character village pub in Hertfordshire, close to the town of Bishops Stortford, but also relatively near Harlow in Essex. The pub occupies a prominent roadside position and is popular with travellers and locals alike. Trade at the pub is currently split 74%:26% wet:dry split and benefits from a 40-cover restaurant, a catering kitchen, two bars, parking and a beer garden. There is also recently redecorated three-bedroom living accommodation and plenty of potential to develop the business further. The Crown was purchased by Mr Sewell off an asking price of £95,000 for the leasehold interest.