Real Estate

Vanishing act: more than 400 pubs 'disappeared' from communities in 2020

37 pubs a month ‘vanished’ in 2020

By Nikkie Thatcher

Some 446 pubs ‘vanished’ from communities in England and Wales last year, equating to an average of 37 a month, new figures show.

New addition: Laine CEO Gavin George has welcomed Distinct Group's staff

Laine Pub Co acquires Distinct Group

By Nikkie Sutton

Regional brewer and operator Laine Pub Company has acquired the four-strong leasehold pub estate of the Distinct Group.

Licensees' 'unrealistic assumptions' of property prices

Licensees' 'unrealistic assumptions' of property prices

By Michelle Perrett

Property valuers believe licensees think their pubs are worth more than they actually are, the market is less buoyant than a year ago and almost all say leasehold prices will not increase in the coming 12 months.

Pub property valuations need to know facts

The truth about property valuations

By Ben Winstanley

Few events in a pub’s lifespan conjure such emotion as when the time comes for current owners to sell up and move on. Ben Winstanley attends a valuation to discover what publicans need to know when selling their pub

Knockout blow for 158 Punch pub licensees

Knockout blow for 158 Punch pub licensees

By Ed Bedington

Interestingly enough, following on from my last piece on paranoia and the pub trade, Punch seemed determined to underline this by selling off a lot of pubs that it has been suggested would have been moving down the market rent-only option (MRO) route.

Rents can go down: nil uplift may not be a good outcome

How to get the most from a rent review

By Dan Mackernan

With plenty of time in hand, begin putting your information together, and use expert advice, so you can enjoy the spoils of a rent review, says Dan Mackernan, director of licensed leisure at international real estate services company Savills

'A freehold pub should be able to support borrowing of 75%'

INSIGHT

Choosing between freehold and lease

By Stephen Taylor

Stephen Taylor, managing director of Guy Simmonds, explains the details you must consider when searching for a suitable pub

'It is important for both parties in a rent review or lease renewal to consider whether improvements would be carried out by a reasonably efficient operator'

The value of tenants' alterations

By Jonathan Essex

Improving your pub is vital to sustain and grow business. But how does it affect your property’s rent and valuation? Jonathan Essex, associate director at Colliers International, shares his advice for tenants

Pub insurance advice for licensed premises

Legal Q&A: Insurance for pubs

For any pub or licensed trade premises, insurance is essential. Some forms of insurance are compulsory for licensees and others are optional, though all help in providing financial protection against a wealth of situations. Here are some answers to a...

The report highlights the 'split incentive' between landlord and tenant as a barrier to investment in energy efficiency

Energy-efficiency planning report welcomed

By Ellie Bothwell

UK property representatives have strongly welcomed a new report calling for the Government to help improve the energy efficiency of commercial buildings.

Nicholls said pubs could be hit with a business rates hike

Pubs to be hit by business rate hike in April

By Michelle Perrett

Leisure sector may be hit with an increase in business rates which could cost the sector up to £58m,  the Association of Licensed Multiple Retailers (ALMR) has estimated.

Convivial, led by Kris Gumbrell, is up for sale

Deadline set for Convivial bids

By John Harrington

A deadline of midday on 9 September has been set for first-round bids for Convivial, the six-strong London-based pub operator led by Kris Gumbrell.

Morgan:

Neil Morgan: Price growth sees north/south undivided

By Neil Morgan

A lot has been written, said and debated about the north/south property divide in recent times — particularly in relation to the housing market. Yet, the discussion hasn’t been limited to residential premises — indeed, the north/south divide in the pub...

Keltek Brewery's Stuart Heath toasts the future with Linda and Phil Aubrey, licensees at the London Inn

Keltek plans Cornish estate of 20 pubs

By John Harrington

Keltek Cornish Brewery, the Cornwall-based brewer, plans to build an estate of 20 tenanted pubs over the next 10 years after spending £1.6m buying and renovating four sites, founder Stuart Heath has told M&C Report.

Admiral unveils first right to buy

Admiral unveils first right to buy

By John Harrington, M&C Report

Admiral Taverns, the tenanted pub operator, has revealed details of the first agreement it has signed with a tenant that gives them the opportunity to buy the freehold of the pub from three years into a lease.

Legislation may not reduce the level of damage by squatters

Pubs in squatters warning

By Gurjit Degun

Pub owners are being warned of an increase in squatters targeting empty commercial property after the Government introduced legislation making it illegal to squat in residential buildings.

Tchenguiz: former pubs in administration

Ex-Tchenguiz pubs in admin

Administrators have been appointed to a further 37 pubs that were formerly part of Robert Tchenguiz’s pub property empire.

BISC Committee inquiry starts today

BISC Committee inquiry starts today

By Ewan Turney

The first hearing for the Business, Innovation & Skills Committee's (BISC) follow-up inquiry into pubcos begins today (30 June).

Punch tenants advised to contact their banks

Punch tenants get freehold warning

By Gurjit Degun

Punch tenants are being advised to contact their bank managers and get an independent valuation to make sure they are well-placed to buy the freehold...

Under scrutiny: pubco power

BISC pubco hearing set for 30 June

By John Harrington, M&C Report

The first hearing for the Business, Innovation & Skills Committee's (BISC) follow-up inquiry into pubcos is scheduled for next Thursday (30 June).

Old Market House: early August opening on the cards

St Austell plans £1m pub revamp

By Gurjit Degun

South-west brewery St Austell has teamed up with local property firm Nirvana Properties to invest £1m into revamping the Old Market House in...

More time to advertise energy efficiency of pubs

Licensees get more time for energy ads

By Gurjit Degun

Licensees have been given more time to abide by a requirement to advertise the energy efficiency of their pubs when selling them. The new regulation...