UK retailers buying up freehold pubs

Property News - UK retailers buying up freehold pubs

When it comes to store acquisitions, there is one golden rule: location is key. This is particularly true for the convenience retail sector, where ease of access is so crucial.

Nationwide, pubs and petrol stations are falling victim to the economic downturn and shutting up shop. Five pubs go out of business in the UK every day. The ability of the big supermarkets to undercut them with cheap booze and the latest bombshell – the smoking ban – have squeezed traditional landlords and big-chain operators alike.

Paramount Investments is a London-based developer that specialises in buying and reselling former pubs for a mixture of end uses, and much of this space is snapped up by retailers.

"The pub trade has changed drastically," says Paramount managing director Mark Greig.

"Taxes on beer and other increases have put big pressure on pub operators. Around 20,000 pubs are expected to be sold out of the trade in the next couple of years."

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
West Hampstead
London NW6 1SD
DDI: 020 7644 2307
Fax: 020 7604 3457
Mob: 07949 175 280

Web: http://www.paramount-investments.co.uk
Blog: http://uk-pubs-for-sale.blogspot.com/