28 Sept 2011

Sheffield Pub owner hits out over ‘unfair’ ruling on hours - Useful Info - The Star

THE owner of a Sheffield pub has accused the council of operating an unfair planning policy – after councillors refused to allow him to extend opening times to match those of his competitors.

Kane Yeardley, who reopened The York in Broomhill a year ago as a pub and restaurant, wants to stay open an hour later each night – until 12.30am in the week, and 1.30am on Fridays and Saturdays.

His staff have to call last orders before competitors The Broomhill Tavern round the corner, and The Fox and Duck on the same street.

Before Mr Yeardley’s company Forum Cafe Bars Ltd bought The York, the pub served until the same time as the other pubs in Broomhill.

But when he originally applied to revamp the pub, officers took the opportunity to rein in opening hours.

Now a meeting of the city centre, south and east planning board has refused his application to extend the hours.

Mr Yeardley told The Star: “We would like to compete on a fair, open field and it seems unfair that we have to close earlier than our competitors, when we have really invested in refurbishing the pub.

“We have never had any disturbance, and a lot of our customers don’t understand why we can’t open until the same time as The Broomhill Tavern and The Fox and Duck.”

Planning officer Chris Heeley told councillors the other pubs in Broomhill are still operating under rules put in place before planning laws were written and only the terms of their licence dictate when they close.

He said: “The inconsistency arises when there are no planning controls.”

Mr Heeley said the issue was muddied by an ongoing effort to get takeaways in Broomhill to stick to their opening hours after complaints of young people congregating late at night.

He said: “We are fighting quite a difficult battle trying to bring takeaways into line. It does cause difficulty with trying to disperse customers late at night.

“We feel the more premises that are open later, the worse the problem will be.”

More than 50 nearby neighbours submitted objections to the later opening hours.

Broomhill Action and Neighbourhood Group member John Birtwhistle said: “We are very pleased this has become a very well-managed community pub. That is why we are disappointed it is trying to go after a different, nocturnal, clientele.”

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Pub for sale Wrecsam, Pub for sale Cefn Mawr, Wrexham

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Freehold Public House For Sale In Cefn Mawr, Wrexham. Old Vaults Well Street Cefn Mawr, Wrexham Wrecsam LL14 Ground floor footplate: 1865 sq/ft* £ 250,000 + VAT Freehold LOCATION The Old Vaults is located on the junction of Wells street and the Hight street in a mixed residential / commercial area. Ruabon Rail station is approximately 1.5 miles North East of the property. FURTHER INFORMATION Offered with full vacant possession Approx gross site area: 1,404 sqft* Approx ground floor area: 1,865 sqft* Rateable Value: £9,800 All unconditional offers are invited for our clients unencumbered interest. The property represents excellent value for continued licensed use / owner occupation. There is also potential for redevelopment (residential / commercial / mixed use) subject to gaining the appropriate Local Authority consents. Cefn Mawr Pub for Sale, Wrexham, Wales.

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26 Sept 2011

Pub for sale Greater Manchester, Pub for sale Ashton-under-Lyne

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Greater Manchester Pub for Sale Olivers Bar Bow Street Ashton-under-Lyne Greater Manchester OL6 £ 100,000 + VAT Leasehold Investment producing £13,000 per annum on a 5 year lease. Located in the heart of the towns pedestrianised shopping centre, adjacent to Iceland and O2 and amongst such other multiple retailers as Marks & Spencer, McDonalds, Thomas Cook, T-Mobile, Top Shop and many others. Ashton-Under-Lyne lies on the main A635 under 1 mile east of the M60 (Junction 23) and approximately 5 miles east of Manchester City Centre. A mid terrace building with Ground Floor Entrance leading to a Bar (Free of tie) at Basement Level. Leasehold for a term of 999 years from 2nd March 1977 at a peppercorn ground rent. Ground Floor Stairs to Basement Bar Area Approx 1,950 sq ft plus 3 WCs The property is let on an effectively full repairing and insuring lease for a term of 5 years from 22nd February 2011 at a current rent of £13,000 per annum. The lease is a renewal of a previous lease Rent Review August 2013. Olivers Bar, Public House for Sale, Ashton Under Lyne

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24 Sept 2011

Pub for sale Hampshire, Pub for sale Portsmouth

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Freehold Public House For Sale In Portsmouth, Hampshire. V Bar Guildhall Walk Portsmouth Hampshire PO1 Ground floor footplate: 2057 sq/ft* £ 750,000 + VAT Freehold LOCATION The pub is located on Guildwalk in the heart of Portsmouth City Centre and is close to the open spaces of Victoria Park and Portsmouth University. Local transport links can be found at Portsmouth & Southsea Station. Gunwharf Quays and the Royal Navel Museum. PROPERTY Large open trading area on the ground floor and a bar and function room on upper levels. We are advised that the private accommodation is of a good size comprising a lounge, kitchen, 3 bedrooms and a bathroom. There is also an office in the basement (next to cellar). FURTHER INFORMATION Offered with full vacant possession Approx gross site area: 2,270 sqft* Approx ground floor area: 2,057 sqft* Rateable Value: £46,000 Hampshire Pub for Sale, Portsmouth

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23 Sept 2011

Pub for sale Merseyside, Pub for sale Wallasey

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Freehold Public House For Sale In Wallasey, Merseyside. Leasowe Castle Demesne Street Wallasey Merseyside CH44 Gross Site Area: 10658 sq/ft* £ 150,000 + VAT LOCATION Located in Wallasey in a predominantly residential area, moments away from the Mersey Kingsway Tunnel, which links through to Liverpool under the river. The Docks are also close by with ferry routes both national and international. PROPERTY The building is brick build and on 3 floors. There is a car part of the front of the property. Please note this site is split between two titles - please see both title plans for the entire site. FURTHER INFORMATION Offered with full vacant possession Approx gross site area: 10,658 sqft* Approx ground floor area: 2,467 sqft* Rateable Value: £10,000 Merseyside Pub for Sale, Wallasey

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22 Sept 2011

Pub for sale Wales, Pub for sale Powys

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Freehold Public House For Sale In Powys, Wales. Sun Hotel Llansanffraid Powys Wales SY22 Gross Site Area: 24490 sq/ft* £ 275,000 + VAT Freehold LOCATION The Sun Hotel, located in the centre of Llansanffraid, just off the A495. Situated approx 4 miles from Llanymynech Golf Club. PROPERTY Ground floor includes bar, snug and dining area. All in a good decorative condition. There is a smoking and drinking area outside, but no parking. There is also a catering kitchen on site. The private accommodation comprises lounge, kitchen, 3 bedrooms and a bathroom. We are advised that it is all in good condition. FURTHER INFORMATION Offered with full vacant possession Approx gross site area: 24,490 sqft* Approx ground floor area: 2,243 sqft* Rateable Value: £4,500 Sun Hotel For Sale Powys

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21 Sept 2011

Pub groups face calls for tough legislation in MPs' broadside - Business News, Business - The Independent

An influential committee of MPs has urged the Government to introduce statutory legislation to regulate big pub companies, following years of abuse.

In a blistering attack that referred to "bullying and intimidation" of lessees across the industry, the Department for Business, Innovation and Skills' (BIS) committee concluded that self-regulation had "failed" to deliver meaningful reform. It called on the Government to launch a consultation to include proposals for an "adjudicator armed with a full suite of sanctions" to police the behaviour of pub companies.

A key target is the "beer tie" – where the landlord is forced to buy most of their beer from the company from which the premises are leased – following little progress, with pub companies offering only 16 per cent of new lessees and just 9 per cent of existing lessees a lease free of the tie.

The committee said this and other failings were contributing to pubs' closing at an "alarming rate", at a time when a downturn in consumer spending continues to squeeze pubs further.

The group of MPs said they had run out of patience with progress made by the "impotent" British Beer & Pub Association (BBPA) – whose members account for nearly two-thirds of Britain's 52,500 pubs – to implement reform and show it was working successfully within a voluntary code of practice.

However, the BBPA hit back, citing the "significant progress" it had made, adding it was "deeply disappointed" by the report. Those BBPA members who are likely to be most worried are the UK's biggest operators of the beer tie for leased and tenanted landlords, Punch and Enterprise Inns.

Adrian Bailey, an MP on the BIS committee, said this was its fourth report in seven years and the industry had for "too long failed to put its own house in order" following a "final ultimatum" 18 months ago.

He said: "We are firmly of the view that statutory regulation should only be used as a last resort, but we can only conclude that industry self-regulation has failed."

He added: "Pubs are businesses, and they need to be able to succeed as businesses, but they are also at the heart of our communities, and we are losing them at an alarming rate."

In addition to its anger over the beer tie, the BIS committee identified a number of failings, such as pub companies' not providing a national database of rents, and "far too many unpleasant reports across the industry of bullying and intimidation towards lessees". It also said the British Institute of Innkeeping, the body for the licensed retail sector, did not have "sufficient sanctions".

Endorsing the previous government's commitment, the Coalition last year said that if it were recommended, it would initiate a consultation to put the voluntary code on a statutory footing. The BIS committee has urged the Government to set out a timetable for that consultation, as a "matter of urgency". It said: "We further recommend that the consultation includes proposals for a statutory code adjudicator armed with a full suite of sanctions."

But Brigid Simmonds, the chief executive of the BBPA, said its members have invested £265m into supporting the leased and tenanted sector over the past year. She added: "We call upon the Government to recognise these economic pressures and ease the burden on pubs. The pub sector needs less tax and less regulation, not more, if it is to continue to create jobs and sustain much-needed economic growth in our communities."

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18 Sept 2011

Pub for sale Devon, Pub for sale Plymouth

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Freehold Pub for Sale, Devon Albert Gate Charlotte Street Plymouth Devon PL2 Gross Site Area: 8265 sq/ft* £ 200,000 + VAT The Albert Gate enjoys a prominent central position in the local community of Devonport, approximately 1 and a half miles from Plymouth City Centre and close to the Navy base. The property is within easy walking distance of all local shops and amenities. PROPERTY Traditional detached 1960s building. Ground Floor trading area comprises one large open plan room with a central bar servery. There is also a catering kitchen on site. Externally there are several car parking spaces and a terraced area. Private accommodation consists of 3 bedrooms, large living room/lounge and domestic bathroom. Approx ground floor foot plate: 2,750sq ft* Albert Gate Pub for Sale Plymouth

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16 Sept 2011

Empty pubs a goldmine for developers, says Sam - Business - Luton Today

WITH pubs closing at a rate of 25 per week in the UK, most are sad to see time called permanently at so many drinking holes.

But while the number of closures is bad news for lovers of all things booze, one shrewd Luton businesswoman is making a tidy fortune from snapping up and developing old pubs.

Sam Bains, director of property consultant Ultimate Connexions, has made several million pound profit by snapping up empty pubs around Luton and selling them on to developers.

And Sam says that the trend is spreading across the UK.

“Right now, old pubs are probably the best property investments you can make,” said Sam.

“In Bedfordshire, councils are very wary about leaving pubs empty for a long time because they become derelict and then squatters move in. Usually, it takes only two months to get planning consent for complete change of use.”

Sam typically pays £250,000 to £275,000 for a closed pub, converting it into flats to take advantage of the booming rental market. In her most lucrative deal, Sam consulted the purchase and development of the old Venue 27 nightclub in Upper George Street for £850,000. It is currently undergoing conversion into a luxury residential oasis with an estimated value of £4.3m thanks to its slick planning for 27 one, two and three bedroom flats and three commercial shop units, landing a profit of more than £900,000.

Sam added: “People always need somewhere to live and pubs are historically substantial buildings with huge scope for conversion potential. They tend to sit on a nice piece of land, usually a few acres and they have the added benefit of car parks - great for either the tenants’ use if it’s converted into flats or if planning permission is granted, for further housing. I might have started a trend in Luton but the same idea should apply across the UK. All you really need is a good architect to create an aesthetically pleasing development which utitlises the purchased space. Chuck in a local train station and a few shops and it makes the residence sought after.”

Among Sam’s success stories in and around Luton is the old Britannia pub in Biscot Road which she snapped up for £175,000. It was then converted into four one bedroom flats and four shops and is now worth £700,000.

The Stag’s Head in Russell Street has doubled in value since it was acquired by Sam for £225,000 and converted into five one bedroom appartments with room for a budding property developer to convert the entire ground floor into further flats.

Sam said: “Far from sitting on a white elephant, owners are sitting on gold mines when it comes to pubs. It just takes a bit of inspiration and expertise

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Site with planning for sale West Midlands, Site with planning for sale Wolverhampton

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Freehold West Midlands Pub for Sale Bushbury Arms Showell Circus Wolverhampton West Midlands WV10 £ 500,000 + VAT Large Mock Tudor public house for sale on Showell Circus in the heart of Bushbury, WV10. Full planning consent has been granted for the retention of the public house and erection of 9x3-bedroom houses in two blocks either side of the pub. The pub itself is also included in the sale and has potential for continued licensed/commercial use or for further redevelopment subject to gaining the appropriate Local Authoirty consents. There is also a William Hill bookmakers on site which will remain in place and produce for the new owners income of approximately £3,500 per annum exclusive. Bushbury Arms Pub for Sale, Wolverhampton

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15 Sept 2011

Piedmont keeps Mitchells and Butlers options open

Piedmont, the investment vehicle of Bahamas-based billionaire Joe Lewis
that is contemplating making a bid for pubs and restaurant group Mitchells and Butlers, is keeping its options open as regards the offer price, saying 230p is not necessarily the top price it would be prepared to pay.

The company, which has a 22.8% stake in Mitchells and Butlers (M&B), said on Monday that it was pondering making a 230p per share offer for M^B, and press reports have subsequently indicated that this represents Piedmont's "final bid".

Piedmont has issued a statement saying it reserves the right to increase its offer price above 230p per M&B share were a takeover bid to be launched.

At the same time, Piedmont has not ruled out the possibility of making a lower offer, especially if a rival bidder emerges offering less than 230p a share. Piedmont also covered itself by saying the offer price might also be lower than 230p should M&B return cash to shareholders, or if M&B issues new shares.

The share price of M&B is currently around 260p, suggesting that the market is anticipating that Lewis will have to stump up more than 230p a share to win over the board, but the prospects of a counter-bid look slight given Piedmont's 22.8% stake in M&B.

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Pubs giant’s plans thwarted - Herald Scotland | News | Home News

AS the Tesco of the licensed trade, it has seen its pub empire spread unabated across Britain’s bigger towns and cities.

However, in a classic tale of David and Goliath, JD Wetherspoon has had its expansion into the high streets of Scotland’s hinterlands hit with a potentially fatal blow after a challenge from a provincial bar operator on the west coast.

In a landmark ruling, the Court of Session has overturned a decision to allow Wetherspoon to open a 500-capacity outlet in Prestwick, Ayrshire, following a legal appeal from local chain Buzzworks.

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12 Sept 2011

Licensee warns of upfront utility bills

A licensee has warned new freeholders to register their land registration documents with their utility company or face upfront costs.

Dirty Dick's: energy dispute

Dirty Dick's: energy dispute

Sean Garvey, of Dirty Dick’s Ale House in Halifax, West Yorkshire, bought the freehold of the Enterprise Inns site, previously known as the Royal Oak, on 27 April.

He had to pay an extra £600 upfront in charges to energy firm Npower, which were later refunded, and had his electricity cut off, after a previous licensee at his pub failed to settle his bill.

Garvey said he had been receiving utility bills in the previous tenant’s name, even though he asked Npower to change the account details.

Npower said it would be unable to change the details until it received the property’s Land Registry documents. Garvey only received his documents on 15 June two months after buying the premises. He admitted an “oversight” in failing to send documents to Npower immediately. Npower said it made two pre-disconnection visits to the premises on 2 June and 21 June — but Garvey said he has no knowledge of it.

On 15 August the manager of Dirty Dick’s was visited by an Npower employee asking for the previous tenant and saying the premises would be disconnected unless payment of the outstanding balance was made.

Garvey, who was not on the premises, phoned head office where he was asked to send over the property’s deeds. As this took place, the Npower employee brought in two policemen to help shut off the pub’s electricity.

To have his electricity reconnected he had to pay £428 legal fees and a £150 re-connection charge. Garvey told other licensees: “Get the Land Registry documents in as soon as you can.”

Npower’s response

A spokesman said deciding to cut off a customer’s electricity is not taken lightly, and that it contacted Sean Garvey and his partner Kirsty Leach for the Land Registry documents but did not receive them.

The spokesman said: “While we sympathise with Mr Garvey, we do not feel we are at fault. We will only ever disconnect a customer’s supply when all options have been exhausted. We gave Mr Garvey numerous opportunities to produce the documents to prevent the disconnection.”

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Supermarket beer sales overtake pub beer sales for first time - Telegraph

The figures come just two weeks after a report suggested that visits to local pubs had fallen by 19pc in the last year, further threatening the future of one of the great British institutions.

Back in the 1970s more than 90pc of all beer drunk in Britain was bought from the "on trade" – pubs and clubs, with less than 10pc brought from the "off trade" of supermarkets and off-licences.

According to the British Beer & Pub Association this ratio had fallen to 50.9pc from pubs and 49.1pc from supermarkets at the end of last year. "It will cross over in the near future," said a spokesman, possibly as soon as this Christmas.

This would be a watershed moment for Britain's beer industry, a culmination of long-standing change in consumers' drinking habits as well as confirmation that the recession has caused people to stay at home more.

The figure came as a report from the GMB union highlighted how the high price of beer has caused the destruction of thousands of neighbourhood pubs, in turn damaging many working class communities. It said that local pubs, many of which were had survived the Blitz and the great depression of the 1930s, were now being destroyed by the recession.

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10 Sept 2011

Pub for sale Durham, Pub for sale Darlington

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Freehold Hotel For Sale In Hope Town, Darlington Central Borough Hotel Hopetown Lane Darlington Durham DL3 £ 200,000 + VAT LOCATION Located on Hopetown Lane in Darlington. This prominent corner plot property is conveniently located close to both North Road Railway Station and the A1(M) providing excellent transport links. Central Borough Hotel is situated approx 1 mile north from the bustling Darlington town centre where the Cornmill Shopping Centre is located. PROPERTY Ground floor comprises a bar and lounge. There is a pool table area to the rear of the pub. To the side of the property there is a good sized beer garden. Private accommodation comprises , lounge, domestic kitchen, bathroom and 3 bedrooms FURTHER INFORMATION Offered with Vacant possession Development potential (STPP) Approx gross site area: 2,727 sq ft* Approx ground floor foot plate: 1,321 sq ft* Rateable Value: £8,300 Darlington Pub for Sale, Durham

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8 Sept 2011

Pubs to serve breakfast for rugby fans as World Cup kicks-off in New Zealand (From York Press)

A NUMBER of pubs across the region are opening for breakfast from this weekend to celebrate a major international sporting event.

The 2011 Rugby World Cup is held in New Zealand, which means an 11-hour time difference for viewers of the game in the UK.

All matches are being shown on ITV, with coverage starting as early as 8.30am, so a number of pubs around York and Selby have applied for new opening hours to make the most of the event.

In York, the Phoenix Inn, in George Street by the city walls, will show every England match of the tournament on a two-metre, high definition screen, and visitors can enjoy a breakfast barbecue during half time, starting with England vs Argentina on Saturday, from 9am.

The Terrace, in Stonebow, will also open for all the tournament’s England matches, starting with Saturday’s game, and Paul Gardner, who runs the venue, said he had no idea what kind of numbers to expect. Paul said: “We were granted a 24-hour licence two weeks ago for the event, and we will be serving breakfast through all the England matches.

“We’re also fully licensed to serve beer, but haven’t a clue whether there will be a big turnout for the games. During normal hours we get a decent turnout, but we’ll have to wait and see.”

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Live music restrictions to be lifted in pubs - News - THE DRUM - Advertising, Design, Media, Marketing, Digital, PR - News, Information & Jobs

Pubs and clubs barred from hosting live music because they don’t hold an entertainment license will be able to do so after the government announced imminent plans to deregulate the industry.

The move is intended to stimulate grassroots music in the UK by removing bureaucratic hurdles which have brought about a 5% decline in the playing of music in pubs and clubs since the 2003 Licensing Act – which incurred an average charge of £1,600 per year on venues.

Feargal Sharkey, chief executive of UK Music, said: “We're optimistic that this will be positive news for the industry, and especially for emerging talent."

He added: "I'd wager that all of yesterday's Mercury music prize nominees started their careers playing in pubs or clubs. In the meantime, we'll have to wait for the actual detail of the consultation, and under what specific circumstances the requirement for a music licence would be removed.”

Venues with a capacity of more than 5,000 will continue to be subject to regulation.

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Pub for sale South Yorkshire, Pub for sale Barnsley

7 Sept 2011

Pubs back drive to ask under-25s for ID - Edinburgh Evening News

Pub bosses have backed a new campaign to ask for proof of identification to any customers that look like they might be under the age of 25.
The Scottish Beer and Pub Association has launched the new "Challenge 25" drive ahead of it becoming the law at the beginning of next month.

Among the pubs taking part in the campaign is the Kilderkin pub, formerly Jenny Ha's, on the Canongate. Pub operator James Nisbet said: "We fully support the introduction of Challenge 25 in our pub. We would encourage younger customers who wish to buy alcohol in Edinburgh to make sure that they carry appropriate ID so they can purchase alcohol if they are challenged by pub staff.

SBPA chief executive Patrick Browne said: "From today, 25,000 'Challenge 25' posters, 55,000 badges and thousands of guide documents will be distributed to pubs in Scotland to support the introduction of Challenge 25."

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6 Sept 2011

Pub for sale North Yorkshire, Pub for sale Drax, Selby

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Freehold Pub For Sale in Drax, North Yorkshire Huntsman Main Road Drax, Selby North Yorkshire YO8 Gross Site Area: 7906 sq/ft* £ 225,000 + VAT LOCATION The Huntsman Public House is located on Main Road in Drax not far from Selby, North Yorkshire. There is easy access to the M62 and surrounding A roads. PROPERTY The detached building benefits from a large rear car park and prominent position on Main Road FURTHER INFORMATION Vacant possession Approx gross site area: 7,906 sq ft* Approx ground floor foot plate: 1,955 sq ft* Rateable Value: £2,500 All unconditional offers are invited for our clients unencumbered interest. The property represents excellent value for continued licensed use / owner occupation. There is also potential for redevelopment (residential / commercial / mixed use) subject to gaining the appropriate Local Authority consents. Freehold Pub for Sale North Yorkshire

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Pubs for sale increase, as closing figures for pubs reach 25 a week « Property market update – UK property news and updates

A new report released by www.closedpubs.co.uk has stated that pubs have been closing at a rate of 100 per month nationwide. The majority of pubs for sale are being redeveloped into residential properties. The closedpubs website has up to 18,000 offers for various pubs in the UK region.

Potential properties listed on the website included a three bedroom Victorian built house with a garden in the close proximity of Richmond Park and the River Thames. Average properties in the area have an asking price of £1million; however this old pub is being sold for £425,000. This gives property investors a great opportunity to profit and benefit the housing market by redeveloping old and sometimes run down pubs.

Successful pub property developer Sam Bains from Luton states that ‘Right now, old pubs are probably the best property investments you can make,’ she says. ‘In Bedfordshire, councils are very wary about leaving pubs empty for a long time because they become derelict and then squatters move in.’

‘Typically, it takes only two months to get planning consent for a complete change of use.’

Blame has been pointed at many supermarkets due to the lower prices and wider range in offers. In 1981 there were 80,000 pubs active and this has decreased to a total of 51,178 in 2011.

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1 Sept 2011

UK Pub Sales News: The Britannia Inn up for sale

People interested in investing in pubs for sale might be pleased to hear of a new opportunity in Lancashire.

The Britannia Inn located in Darwen, near Blackburn, has been put on the market for £160,000 and could undergo a change of use if it is snapped up by a canny buyer.

Its owner, Thwaites, claims the pub trade is no longer viable in its estate, the Blackburn Citizen reported.

Another pub, the Mill Gap, which stood down the road from the Britannia Inn, was also shut down by Thwaites in 2009 and was transformed into a commercial building.

Councillor Brian Taylor told the newspaper: "The Brit has been a popular pub ever since I was a lad and with the Mill Gap shutting across the road it's a sign of the times.

"Because the two pubs were such a short distance from each other people used to go in to the two probably on the same day. It's the end of an era," he added.

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UK Pub Sales News: Hotels present good investment opportunities

ndividuals wanting to invest in hotels for sale might be interested in comments made by IPINGlobal.com.

Researcher Peter Mindenhall noted: "The hotel industry has reported strong growth in recent months; the major hotel chains are expanding.

"As a result, much of their development is now being funded by private equity rather than by the banks - presenting opportunities for private investors to capitalise in areas where the banks are no longer prepared to."

Student accommodation in London is another area of the property market currently presenting opportunities.

"Where traditionally houses would be converted to accommodate students near universities, this is becoming less cost effective when compared to the value and quality that a managed new development can offer," Mr Mindenhall added.

Steve Oliver of Paramount Investments said he agreed with the findings.

"Boutique hotels are in demand as are the cheaper budget hotels. Travelodge and Premier Inn are continuing with their expansion," he noted.

His remarks came after research from Jones Lang LaSalle found that hotel investment volumes in Europe, the Middle East and Africa reached £2.97 billion in the first six months of this year, up 73 per cent from the same time in 2010.

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UK Pubs For Sale - Cash Sale - Quick Sale: Shipston-on-Stow Pub for Sale


Warwickshire Pub for Sale, Shipston-on-Stow

Royal Oak
Whatcote
Shipston-on-Stour
Warwickshire
CV36

Gross Site Area: 10210 sq/ft*

£ 150,000 + VAT Freehold

LOCATION
The Royal Oak occupies a prominent and central positon in the picturesque village of Whatcote. Whatcote Village lies equally between both Straftord-upon-Avon and Banbury, approximately 12 miles from each.

PROPERTY
Grade II listed, 2 storey detached brick built property. There is a car park to the side for approximately 10 cars.

FURTHER INFORMATION
Offered with full vacant possession
Approx gross site area: 10,210 sqft*
Approx ground floor area: 2,281 sqft*
Rateable Value: £9,100

Royal Oak Pub For Sale, Warwickshire

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Pub visits fall by a fifth - Telegraph

Pub visits over recent months have fallen by almost 20 per cent compared to last year, with the average UK consumer going to the pub four times a month rather than five times.

The average spend per visit has also fallen by almost a fifth to £15.08.

Nightclubs have fared even worse than pubs. The number of visits to clubs has fallen by over a third compared to last year. Restaurants have also seen the number of visitors fall, but only by 8 per cent.

The findings are contained in the Leisure Wallet Report by Zolfo Cooper, the financial advisory firm. The company said that rising taxes, falling disposable incomes and concerns over job security are to blame for the drop-off in visits.

Paul Hemming, a partner at Zolfo Cooper, described the figures as concerning. However he said that the drop is not surprising given the poor state of household incomes. Over the last year the national average household income fell by £494 to £30,730, he said. People aged between 35 and 54 are cutting back the most as they juggle the cost of supporting a family.

“Last year the situation facing much of the leisure sector was very challenging so to see further year-on-year declines of 20 per cent to 30 per cent is definitely a concern.

“The pressure on consumer’s disposable income is forcing them to prioritise,” said Mr Hemming.

Despite the overall decline in spending, certain parts of the UK are proving to be more resilient than others. For example the proportion of the population drinking in pubs has fallen by 12 per cent in the North-East, but risen by 7 per cent in the South-East.

Mr Hemming said: “The situation varies across the country. We continue to see the resilience of London.”

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