PROPERTY ROUND-UP

New sites from Lottie's Property & Arc Inspirations

09-May-2023 - Last updated on 09-May-2023 at 14:36 GMT

New openings: Revamps, openings and sales are all on the cards this week

Lottie's Property and Arc Inspirations are set to open new sites and Admiral Taverns has reopened the doors to a pub.

Lottie’s Property snaps up site

The Cock and Rabbit, a closed pub in Southport, Merseyside, has been sold to local operator Lottie’s Property Ltd, business property adviser Christie & Co has announced.

The former wet-led pub is situated on Manchester Road within a residential area. The property includes a lounge, snug area and public bar with a pool table and games area. There is also a small outdoor seating area to the front of the site.

Mood Developments, the pub’s previous owner, first purchased the business as part of a wider portfolio sale six years ago. They decided to sell to focus on their other businesses.

Company director Peter Matson said: “Mood Developments initially purchased this pub as part of a portfolio of pubs which had gone into receivership.

“We always knew this one would be the most difficult to operate and we decided in the end it was better to let it go.

“Alex at Christie & Co was very successful in marketing it for us and rapidly, found a buyer who we managed to do a deal with and move on. Great result.”

The Cock and Rabbit has been purchased by family-run pub group Lottie’s Property Ltd and is the third addition to their growing portfolio.

Charlotte Pickthall from Lottie’s Property said the company was “thrilled” by the purchase of the pub.

Christie & Co senior business agent Alex Rex added: “I’m delighted to have brokered this deal between our long-standing clients, Peter and Ian and Lottie’s Property.

“Jason and Charlotte are heavily invested in growing their portfolio and making Southport a place to visit on the West Coast. I wish them luck moving forward and hopefully our paths will cross again as their portfolio grows.”

Historic pub off market

The Crown Inn, Shorwell, Isle of Wight, is officially off the market, property adviser Fleurets has announced.

The leasehold of the historic pub was on the market with Fleurets before completing to Liam White and his business partner Simon Cant.

White said: “Having both previously managed the Crown Inn at different times, it held a special place in our hearts. So, when the opportunity arose to take it on, Simon and I jumped at the chance.

“It is a beautiful pub situated in a stunning little village and we plan on continuing from the hard work put into it by its previous owners and adding in our own style and brand that we carry across our other venues.”

Fleurets divisional director Nick Earee added: “The Crown Inn is a significant part of the local community and I’m very pleased that we have found Liam and Simon who will undoubtedly carry on making the pub the heart of the community.”

Admiral division ploughs £180k into pub revamp

Admiral Taverns has reopened the Honeysuckle in Wigan within its Proper Pubs division after a £180,000 investment.

The pub, on Pool Street, has undergone a complete transformation with a new look and feel, including a new bar, furniture and a redecoration throughout to ensure a welcoming look and feel.

Meanwhile, a shelter has been installed over the decking area in the beer garden to ensure use all year round.

For opening night, customers enjoyed live music from singer Tom Byrom while the upcoming weekend includes live sports screening and karaoke.

Operator of the Honeysuckle, Tara Wade, said: “Opening night was fantastic, it was amazing to see all our customers, old and new, coming to see what the pub has to offer.

“The feedback we received from our community was amazing and we can’t wait to see them again soon.”

The Honeysuckle provides a wide range of drinks offers, including cocktails, wine and fizz promotions. The pub will also be hosting an annual schedule of events with offers all year round for the local community to enjoy, as well as charity events.

Arc to open biggest Box site to date

Multiple operator Arc Inspirations is preparing to open its largest Box site in Brindleyplace, Birmingham next month (June).

The business currently has 18 venues across the Midlands and north of England under three brands – Banyan Bar & Kitchen, Box and Manahatta.

A sports bar and kitchen concept, Box is relaxed by day and energetic by night with something for everyone in locations including Leeds city centre, Headingley and Deansgate, Manchester.

The new site in Birmingham spans 10,000sq ft, holding 575 guests across two floors with the ground floor featuring an open kitchen, island bar, surrounded by 32 TV screens.

It will also be home to two 18ft maple wood European Shuffleboard tables for guests to enjoy.