Admiral Taverns Pubs for Sale |
| UK Pub Sales Agents News Added: April 15, 2009 02:33:33 AM |
| Author: |
| Pub Sales Agents - : UK Beer & Pub Guides |
Property News - Admiral Taverns Pubs for Sale |
Admiral Taverns Pubs for SaleAdmiral pubs still shiftingThe pubs are located across England and Wales, and range in price from £110,000 to £175,000. More than two-thirds of the properties are closed. Gavin Sherman, head of pubs at Paramount Investments, said: “Every time a new batch of pubs comes on the market, there is an initial flurry as residents find out their local pub’s on the market. We’ve sold 40% in the first five weeks — the remainder need more in-depth marketing or price reductions to get sales. We’re delighted at the pace the initial lot has gone.” The firm stated that of the 20 already sold, three were purchased by the existing tenants. Meanwhile, licensed agents Fleurets said there were currently 226 Admiral Taverns pubs on the market. Krishana Singh, of Fleurets, said: “Since mid-November 2008, when the new batch came on, we have completed on 10 deals, with five more under offer.” He added that many of the pubs were bottom end and being sold for alternative use, though he emphasised that genuine opportunities did exist. Of the 226 pubs, prices range between £100,000 and £750,000. Paramount Investments are specialists in sourcing freehold and leasehold pubs for sale and other pub company or brewery investment opportunities in England, Scotland and Wales for potential property investors. Paramount Investments 150 West End Lane Web: http://www.paramount-investments.co.uk |