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The Capital Pub Company
Everard Cole acted as sole agents in the purchase of the Village, Muswell Hill by The Capital Pub Company from Punch Taverns. The off market sale was the final acquisition by Capital prior to being sold to Greene King.
The freehold site provided a substantial ground floor trading area of over 8,000 sq ft with substantial basement cellars, front patio and staff accommodation. The £2.9M transaction completed on 18th July 2011.
TLC’s continued expansion
We are delighted to announce that TLC Inns Ltd have recently acquired their second freehold through Everard Cole: the Catherine Wheel at Albury. Following on from their success with tied leases at The Cutter (Ely), The Windmill (Peterborough) and The White Horse (Ramsden Heath), they have now added this freehold to the Swan at Henny.
They plan a substantial investment, as they did at the Swan, in the attempt to turn around this previously closed business. We look forward to witnessing their continued success!
Restaurant demand still strong
Everard Cole, acting as sole selling agents, are pleased to confirm the sale of the freehold interest of 63 Queens Road, Buckhurst Hill, Essex to Prezzo completed on Thursday 26th May 2011.
The closed and boarded restaurant was vandalised by the outgoing tenants and requires substantial repair and refurbishment throughout.
Interest was particularly strong and we recieved in excess of 10 offers for the property following a formal tender date. This takes Prezzo to over 160 restaurants and they remain acquisitive for additional sites.
If you have a freehold or leasehold licensed property you are considering disposing of, please contact this office, either Tom Nichols, or Chris Rogers, who will be able to provide you with confidential, professional and free property advice without any obligation.
WANTED FOR RETAINED CLIENTS
Acting for retained corporate clients with substantial funds we are seeking:-
- Distressed sites- underperforming or closed public houses, restaurants & hotels, or land
- 0.2acres +
- East Anglia & Home Counties
If in doubt please forward any opportunities to tom@everardcole.co.uk, or call on 01223 370055
2011 predictions
As a new year begins, various important figures in the field have been giving their thoughts to the Morning Advertiser on what 2011 has in store…