Mon, 03 Oct 2011 | BUSINESS SALE
Six pubs based in north London have been put onto the market by their owner, Prestige Group.
The pub company is selling off the commercial premises - which are a mix of both long lease and freehold sites - through leisure property specialists David Coffer Lyons.
Once the pubs are sold, Prestige Group will continue to operate a small selection of leasehold commercial sites plus a small management company, according to Caterer Search.
Amongst the six pubs up for sale include the Jewel, which is located near Hendon in NW9. The price tag for the freehold of this pub – the largest in Prestige's portfolio – is £1.6 million.
Other pubs to be sold include the Devonshire Castle near Holloway Road, which comes with the freehold title and vacant possession, along with planning permission to create nine new apartments on the site.
The Castle Bar on Camden Road is also for sale with leasehold interest at £1 million, whilst The King's Head located close to Hoxton in E2 has an asking price of £775,000.
Director of pubs at Davis Coffer Lyons, Paul Tallentyre, told Caterer Search, “Finding a good freehold property opportunity in London is one of the biggest challenges facing the market at the moment.
“It is therefore extremely rare and exciting for us to present several opportunities to the market at once,” he added.
An established steel fabrication business in the East Midlands offers an attractive opportunity for those looking to enter or expand in the industry.
The business is well-established and offers its products and services across the region. The vendors now wish to retire, with the business representing an excellent acquisition for an existing operator within a similar sector or a new market entrant.
LEASEHOLD
This business provides comprehensive groundworks services to prestigious clients across the UK, offering a seamless turnkey solution.
Please choose your settings for this site below. For more information please read our Cookie Policy
These cookies are necessary for our website to function properly and provide you with access to all features.
These are analytics cookies that help us to improve the way our website works.
These are used to improve the functional performance of the website and make it easier for you to use.