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Article Details Illfracombe Pubs for Sale |
| UK Pub Sales Agents News Added: April 22, 2009 08:41:57 PM |
| Author: s George |
| Pub Sales Agents - : UK Pubs & Wine Bars: Devon |
Property News - Illfracombe Pubs for Sale |
| JUST seven weeks ago, owners of the historic Ilfracombe harbour-side pub the Royal Britannia said they were looking for a new landlord — but this week they told the Journal that the pub and its sister in High Street are for sale.Admiral Taverns announced in November that 200 of their freehold properties were up for sale. But this week, they have announced a further 27 of their pubs are to go on the market, including the Royal Britannia and the Prince Albert in High Street.The pub chain has put the Royal Britannia on the market for £500,000 with Paramount Investments of London, while the Prince Albert has a price tag of £205,000.The sales are being viewed with cautious optimism in Ilfracombe, where regeneration is the current buzzword.The Collingwood Hotel is currently under development by Wetherspoons, who are looking for a partner to buy and develop the hotel accommodation side of the business.The Capstone Restaurant in St James' Place has been snapped up by two London businessmen who hope to turn it into a stylish coffee bar.The old Granville Hotel has been redeveloped into high class apartments with stunning sea and town views.And pub giants Whitbread have indicated that their subsidiary, Premier Inns, is looking for a site to develop in Ilfracombe.John Kinsey, of King Sturge property consultants in Exeter, is under instruction from Whitbread to scout for potential sites in the town.But he said: "I am familiar with both these pubs, but neither would be big enough for Premier Inns which is looking for somewhere they can put in about 60 bedrooms and a pub-restaurant."Town councillor Rod Donovan, chairman of the council's planning committee, said that it is all good news for Ilfracombe."This may be a tongue-in-cheek suggestion, but perhaps Wetherspoons could swap with Premier Inns. The Royal Britannia would be perfect for what Wetherspoons want to do and the Collingwood would suit Premier Inns," he said.Mark Greig, managing director of Paramount Investments, said: "Both pubs were released for sale as part of a group of 27 pubs put on the market by Admiral Taverns on Monday."We can't comment as to why Admiral chose to put them up for sale but speculation about their recent performance is bound to arise simply by the fact of their appearance on the market."Admiral are believed to be in talks with Enterprise Inns to purchase about 300 of their pubs.
Paramount Pub Sales 150 West End Lane |
UK Pub Sales Agents News
Fab Technology Throws Lifeline to the Village Pub
Fresh Ale Bag Technology Limited of Wroxham ( FAB Technology Broadland for short ) has been formed to further Research and Develop the Technology used at Real Ale Experience on The Norfolk Broads at Wroxham.
Fresh Ale Bag Technology Limited of Wroxham ( FAB Technology Broadland for short ) has been formed to further Research and Develop the Technology used at Real Ale Experience on The Norfolk Broads at Wroxham.
Bedford Pubs : Pubs For Sale In Bedford
Pub For Sale : Red Lion, Park Road, Stevington, Bedford, Bedfordshire, MK43
Pub For Sale : Red Lion, Park Road, Stevington, Bedford, Bedfordshire, MK43
Ellesmere Port Pubs : Pubs For Sale In Ellesmere Port
Pub For Sale : Wing Half, Alnwick Drive, Ellesmere Port, Cheshire, CH65
Pub For Sale : Wing Half, Alnwick Drive, Ellesmere Port, Cheshire, CH65
Middlesbrough Pubs : Pubs For Sale In Middlesbrough
Pub For Sale : Eagle, Rothbury Road, Middlesbrough, North Yorkshire, TS3
Pub For Sale : Eagle, Rothbury Road, Middlesbrough, North Yorkshire, TS3
Crook Pubs : Pubs For Sale In Crook
Pub For Sale : White Swan, Hope Street Crook, Durham, DL15
Pub For Sale : White Swan, Hope Street Crook, Durham, DL15