PROPERTY ROUND-UP

Pubs across the country up for sale, Young's reopens venue

By Amelie Maurice-Jones contact

- Last updated on GMT

Booming market: Pubs put up for sale from North Yorkshire to the Isle of Wight, while others reopen
Booming market: Pubs put up for sale from North Yorkshire to the Isle of Wight, while others reopen

Related tags: Property, Multi-site pub operators, Freehouse, Tenanted + leased, Gastropub, Accommodation

Plenty of pubs from around the country have been put on the market this week, while Young's has reopened the Spread Eagle pub with bedrooms and office space.

Young’s reopens the Spread Eagle with pub, bedrooms and office space

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Young’s has opened the Spread Eagle in Wandsworth, south-west London, following a major refurbishment this March.

Set to be Young’s flagship pub, the Grade II listen pub has been renovated with 21 boutique bedrooms added and also marks the return of Young’s head office to its historical Wandsworth home, where the brewery was established in 1831.

Previously based on the outskirts of town, Young’s head office is moving back to the centre with a new office space, training and development kitchen directly behind the pub.

Headed up by operator Connal Donovan, the Spread Eagle is a reincarnation of an archetypal British pub, showcasing traditional Victorian features like etched glass, reclaimed wooden floorboards, brass fittings, vintage leather furnishings and open fireplaces.

Created by head chef David Waller, menus focus on seasonal British produce, with dishes including a catch-of-the-day and local premium cuts from Butcher’s Table and Godfrey’s, paired with a selection of local craft and draught beers.

Young’s chief executive Patrick Dardis said the company was “delighted” to establish its head office in the heart of its hometown, Wandsworth.

He concluded: “On the doorstep to the old brewery, The Spread Eagle has undergone a huge transformation and we are looking forward to welcoming locals back into this landmark Victorian pub.”

Located on Wandsworth High Street, The Spread Eagle is now open and joins fellow Young’s pubs, the Brewers Inn, the King’s Arms and the Alma.

North Yorkshire village pub up for sale

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Traditional village pub the Cottage Inn, North Yorkshire, has been brought to market by business property adviser Christie & Co.

Located in the village of Hunmanby, the pub is situated near the Scarborough coast. The business is run as a managed house, with the tenants living upstairs, who will be vacating when a sale is agreed. The business is currently wet-led, but offers scope to re-introduce food with a commercial kitchen already installed.

Sam Ashton, senior business agent at Christie & Co, said with such high demand for freehold pubs across North Yorkshire ahead of summer trade, he expected lots of strong interest from buyers trying to secure the pub quickly.

“Further trade can be increased through its food again and the fact it is in a popular touristic village location like Hunmanby, and new owners will benefit from this,” he added.

Isle of Wight pub, the Crown Inn, on the market

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Fleurets has marketed the leasehold of village pub the Crown Inn, Shorwell, Isle of Wight.

The late 18th​ century property offers 80 internal covers and 100 external covers in the side garden. There are also two onsite car parks.

Additionally, the village of Shorwell is five miles from Newport and is well-connected on a bus route.

According to Fleurets divisional director Nick Earee, “The Crown Inn is a significant part of the local community and presents a fantastic opportunity to build on an already established business.”

Lockup bar on the market for £75,000

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Fleurets has marketed the leasehold of Brave Sire Robin pub, Finsbury Park, London, for offers in range of £75,000.

Located in the London village of Crouch End, the bar is situated across from Crouch Hill Overground Station, and forms part of a parade of independent retail businesses, sitting on the corner.

The urban-style bar has an open plan trading area and is currently configured for around 50 covers. In addition, there is also outdoor trade space which offers 18 covers.

Fleurets divisional director Andy Frisby said: “The bar is currently wet led offering craft beers, lagers, cocktails, wine and spirits. However, I believe there is an opportunity to grow the food trade during the evenings and weekends.”

Orkney restaurant on sale for first time in 20 years

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The Foveran Restaurant with Rooms, Kirkwall, has been put up for sale for the first time in 20 years, offering an opportunity to invest in the Orkney site through Christie & Co.

With views over the historic Scapa Flow, the business sits in open countryside just three miles from Kirkwall and underwent a complete refurbishment just a few years ago.

As well as its 80-cover bar and restaurant, the property offers eight letting rooms. Also included in the sale is private accommodation in the form of a detached three-bedroom family home sitting alongside the restaurant, and about seven acres of land.

The Foveran Restaurant head chef and co-owner Paul Doull said: “Running my own restaurant was always an ambition for me and I have relished the time we have had at the Foveran. It’s time now though to hand over the reins to someone else and for me and the rest of the family to pursue other opportunities. 

“We’ll be leaving The Foveran in good health and are extremely grateful to all our customers and suppliers for helping make the restaurant the success it is.”

Vegan-friendly cocktail bar to open in Clapham

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Guava, a vegan-friendly cocktail bar, is set to open later this month in Clapham, south London, by the team behind the Caribbean restaurant Sugarcane London, also in Clapham.

The bar will be headed by Tarell McIntosh, the mastermind behind Sugarcane, and will open from 6pm to late on Thursdays to Saturdays.

On the Instagram @sugarcanelondon, 10 March, McIntosh wrote: “It’s taken a lot of late nights, every ounce of creativity I have, and endless perseverance to make this happen. I’ve been working back to back shifts then decorating over night… often getting about 3 hours sleep. But this morning I finished the last of the work and “he is ready.”

  • To find out about pubs for sale, lease and tenancy go to our property site.
  • If you have any information regarding new openings or property details you think could be used in this weekly round-up section, along with hi-res landscape images, please email nzryvr.znhevpr-wbarf@jeoz.pbz​ before midday on Tuesdays. 

Related topics: Property law

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