Property
Pub properties: July's done deals
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Tenure: Leasehold
Price: £125,000
Annual turnover: £520,000 (net sales)
Wet:dry split: 100:0
Landlord: Private
Rent: £48,000
Agent: Davey Co (01132 805881)
An impressive high-ceilinged Champagne bar and courtyard terrace located in Leeds city centre's Millennium Square has been acquired by a local operator. The prime site, located, in the same courtyard area as All Bar One, Revolution, Carriageworks Theatre, Red Chilli and Souvlaki, benefited from a terrace and free-of-tie lease. The site was sold by a multisite operator planning to concentrate on other interests.
Carriages, Newhaven, Derbyshire
Tenure: Freehold
Price: £295,000
Annual turnover: £109,568 (reduced hours)
Wet:dry split 20:80
Agent: Guy Simmonds (01332 865112)
This restaurant and inn of stone construction in the Peak District has been bought by the owner of the business next door. Trading areas consist of a bar area with gas lamps and a dining area set in two steam-era railway carriages. Richard Fletcher from Guy Simmonds said: This was a great opportunity for the new owner to recognise the potential of this fabulous established restaurant. It was sold to Andrew hatch who intends to refurbish the property and relaunch with a new food offer."
The Middlecroft, Gosport, Hampshire
Tenure: Freehold
Price: £350,000
Agent: Savills (023 8071 3957)
Enterprise Inns have sold this south-coast pub on to Starvale Developments. The two-storey pub includes a private courtyard, several outbuildings, a trade garden and a children's play area. Adam Bullas, licensed leisure director at Savills, commented: “The Middlecroft combines a well-connected location with potential for pub, restaurant, retail and even residential use, subject to planning consent. As such, it attracted significant interest and we are pleased with the successful result achieved on behalf of our client.”
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